Biz Updates

State Council announces new tax cut package
April 7, 2021
The State Council has unveiled a new package of tax cuts totaling 550 billion yuan ($83.66 billion) for businesses this year to shore up support to smaller firms and sustain the momentum of the economic recovery.
First Taicang company listed on Nasdaq
March 31, 2021
Suzhou Connect Biopharma Co became the first company in Taicang, a county-level city in Suzhou was listed on the National Association of Securities Dealers Automated Quotation on March 19. A ceremony celebrating its listing was held on March 26.
Bosch exec: China's policies to boost energy efficiency
March 25, 2021
China's policies to accelerate the growth of green finance and a low carbon economy will increase energy efficiency, expand the supply of green energy, and procure more green power in its next developing stage, said a German business leader.
Taicang Port attracts two more mega projects
March 18, 2021
A ceremony was held at Taicang Port on March 9 to launch two mega projects, the QuaTerNes International Food Collection and Distribution Sales Center, as well as the PhiChem photoelectric semiconductor manufacturing project.
Capital flows to get boost, official says
March 4, 2021
China will encourage cross-border capital flows at a more open level, while also being careful not to cause huge fluctuations in the domestic financial market, the country's top banking and insurance regulator said on March 2.
China's GDP rises 2.3% year-on-year in 2020
January 19, 2021
China's economy grew by 2.3 percent in 2020, with major economic targets achieving better-than-expected results, the National Bureau of Statistics said on Monday.
Business climate to improve steadily
January 15, 2021
China achieved considerable progress in improving the overall business environment last year, but more efforts are still needed to further level the playing field and strengthen the rule of law, experts said.
Revised industry catalog to boost foreign investment
January 11, 2021
China is expanding investment scope for foreign investors with a new encouraged industries catalog, demonstrating the country's resolve to attract more foreign investment and spur economic growth.

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