China has set ambitious yet pragmatic economic targets for 2025, aiming for steady growth, employment stability, controlled inflation, and environmental sustainability. With a GDP growth target of approximately 5%, the country seeks to balance economic resilience with structural improvements.
On 5 March 2025, premier Li Qiang of the State Council delivered a government work report to the Third Session of the 14th National People’s Congress on behalf of the State Council. The coming year China will have a strong focus on encouraging foreign investment and will take initiatives to advance unilateral opening-up in a well-ordered way.
In an effort to bolster China’s global competitiveness and maintain a steady flow of foreign investment, the Ministry of Commerce and the National Development and Reform Commission (NDRC) have introduced the 2025 Action Plan for Stabilizing Foreign Investment.
In a move aimed at enhancing the development of cross-border e-commerce, the State Administration of Taxation (SAT) has announced new regulations designed to streamline the export tax refund process …
The General Office of the State Administration of Taxation (SAT) recently released Notice [2024] No. 71, clarifying the specific deadlines for filing tax returns and making tax payments in 2025. This …
The State Administration of Taxation (SAT) has announced the nationwide implementation of fully digitized electronic invoices, effective 1 December 2024. This follows the success …
The Ministry of Commerce of China, alongside several key governmental bodies, has issued the 2024 Administrative Measures for Strategic Investment in Listed Companies by Foreign Investors…
In a step toward modernizing financial processes and enhancing operational efficiency, the State Administration of Taxation, the Ministry of Finance, and the …
The State Administration of Taxation, the Ministry of Finance, and China State Railway Group Co., Ltd. Collectively have announced the nationwide promotion of fully …
China’s new pilot reform for water resources taxation, effective December 1, 2024, represents a major step forward in sustainable resource management and …
