Hopes are high that an action plan will help control chemicals with ongoing harmful effects, though experts note a lack of supporting legislation, writes Lin Zi from China Dialogue In 2014, China declared a “war on pollution”. Since then, air quality has improved significantly, with nationwide levels of PM2.5 – harmful fine particles less than 2.5 micrometres wide – dropping by 58%. With the first campaign in that war won, …
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legislation
The National Security and Investment Act grants the UK government powers to restrict – and block – investment by potentially harmful foreign actors in 17 crucial sectors. Jason Teng from Potter Clarkson looks at its potential impact on UK and Chinese businesses The UK government has implemented the National Security and Investment Act, which came into force on 4 January 2022. The Act allows the government to scrutinise and intervene …
The State Administration for Market Regulation (SAMR)’s annual legislative plan plays a big role in shaping China’s business environment. Joe Cash runs through this year’s key takeaways It’s that time of year again: China’s market regulator has released its legislative plan for 2021. The State Administration for Market Regulation’s (SAMR’s) activities impact pretty much every company trading in China, be they foreign or domestic. Its annual legislative plan plays a …
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Businesses need to pay attention to the tax reforms of the last few months if they are to avoid falling foul of legislation
In recent years, China has been implementing significant nationwide tax reform, making changes that even the most responsible businesses may struggle to keep up with. As reported recently, stronger enforcement of existing compliance requirements and restructuring government bodies the government aims to reduce fraud and improve statutory oversight. It seems to be working. Already the Chinese government has reduced value-added tax across a range of industries thanks to the additional …