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2023.09.20 China
Invest in China: The Greater Bay Area as Rising Star of FDI
In February 2017 the concept of the Greater Bay Area (GBA) was first introduced and since then the GBA has been making waves in the world of international investment. Comprising a cluster of dynamic cities such as Hong Kong, Macao, and nine major cities in Guangdong province, the GBA has emerged as a promising destination for foreign investors to invest in China. Despite various challenges and difficulties, this region continues to attract global investment. In this article, we will explain why investors should consider the GBA as their investment destination.
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2023.08.24 China
A Quick Commentary on the Stamp Duty and Compliance in China
The "Stamp Tax Law of the People's Republic of China" (hereinafter referred to as the "Stamp Tax Law" or the “new Law”) has been implemented for over an entire year now! From July 1st, 2022, the "Stamp Tax Law" came into effect, with the promulgation of this law, China now has laws established for 12 out of its 18 existing taxes. Stamp Tax, as a term that frequently appears in our business activities and daily life, on the first anniversary, let us review the past and present of Stamp Tax and its significance.
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2023.08.09 China
China’s First Regulation on Generative AI Supervision
On July 13th , 2023, the National Internet Information Office and other departments jointly issued the Interim Measures for the Administration of Generative Artificial Intelligence Services ("Measures"), which will come into effect and be implemented on August 15th, 2023, and put forward detailed compliancy requirements in terms of content, data and algorithms. It is notably the first regulatory document for artificial intelligence generated content (“AIGC”) in China.
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2023.08.02 China
Invest in Nanjing: An Overview of the Business Hubs in Jiangsu
Nanjing is the capital city of China’s Jiangsu Province, and the second largest city in eastern China after Shanghai (with a population of over nine million people). It served as the national capital for numerous centuries and is considered one of the four ancient capitals in Chinese dynastic history.
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2023.07.26 China
Application of the Law and Tax Treatment in Automobiles Disputes
As the nation’s consumption level continues to rise and automobiles become more prevalent, disputes related to automobile purchases have been on the rise. Invoking Article 55 of the Law of the People’s Republic of China on the Protection of Consumer Rights and Interests, some consumers have called for operators to be held accountable for triple punitive damages on the grounds of fraud.
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