BEIJING: Offshore trade in the China (Shanghai) Pilot Free Trade Zone and the zone’s Lingang new area will be exempt from stamp tax in a trial that aims to boost the development of offshore trade.
The new policy, effective for the April 1, 2024 to March 31, 2025 period, will benefit entities registered in the zone that conduct offshore trade business.
This is according to an announcement jointly issued by the country’s Finance Ministry and the State Taxation Administration. — Xinhua
The consumer price index has risen 2.9% since July 2023, the lowest annual reading since March 2021.
CHINA has room to pursue a more proactive fiscal policy and an expansionary monetary policy, thereby boosting economic recovery and helping achieve the targeted economic growth of around 5 percent this year, experts said on Tuesday.
Leqembi’s rollout has been slowed by bottlenecks related to reimbursement uncertainties, diagnostic test requirements and regular brain scans, among others. …