Tencent, Alibaba and Baidu are battling to dominate the world's largest internet user base in a contest that highlights the need to clarify the use of variable interest entity structures
SAFE has relaxed the forex registration process for direct investment in the FTZ and issued a draft to ease control over the provision of loan security. Also, non-profit organisations are now welcome to apply for tax exemptions
This week IBM workers protested against the Lenovo deal, the Tencent-Qihoo unfair competition dispute sparked debate, the CBRC launched a private bank programme and the NPC's reform proposals drew criticsm
The State Council has replaced the annual inspection system with the report publication system and the PRC Work Safety Law was amended to increase penalties
This week the NPC announced VAT for telecom services, CPA firms shifted their services, China faced its first domestic bond default and an infringement case left ZTE unscathed
The State Council has drafted stricter rules for advertisements, the CIRC relaxed investment limits for insurance proceeds and the approval process for setting up entities has been simplified
This week Tesla announced its pricing strategy for the Chinese market, Apple sued SIPO and Zhizhen over a voice recognition patent and anti-monopoly authorities upped their raids and investigations
The new e-commerce law protects consumers' rights by clamping down on online goods and services providers. But some are sceptical of the SAIC's intentions as the new Measures enhance its power over the rapidly-evolving industry
The new e-commerce law protects consumers' rights by clamping down on online goods and services providers. But some are sceptical of the SAIC's intentions as the new Measures enhance its power over the rapidly-evolving industry
The Ministry of Commerce has defined the criteria for simple competition cases, a new law for online transactions was released and the check and approval method for foreign investment projects was clarified.