China Law News

This week a new tax policy targeted imported goods purchased online, the NDRC simplified its outbound approval process, a Tencent-backed company poached three BMW execs and the government reduced companies and workers' social security burdens

China's antitrust regulator has set firm standards in an industry long criticized for market power imbalances among car manufacturers, distributors and suppliers. The new rules require thorough compliance checks and reexamining of all vertical relationships 中国反垄断监管机构已针对长期受制造商、经销商和供应商间市场力量失衡诟病的汽车业设立严格标准。新规定要求对所有垂直关系进行全面合规检查和复查。

The NDRC and MOFCOM have issued a draft negative list for market access in four pilot regions, the SPC has cracked down on abuse of profit distributions and the MOF has set clearer standards for government procurement bidding procedures

The cloud computing business has been the subject of debate under the revised Telecom Catalogue, which requires MNCs' local partners to revisit their license portfolios. 修订版《电信业务分类目录》中的云计算业务规定成为争议焦点，其中要求跨国企业的本地合作伙伴重新审查其许可执照组合。

This week China passed around a draft negative list for market access, the CSRC proposed a new method of calculating brokerages' risk levels and civil servant candidates were required to be tested on their legal knowledge

This week businesses of all industries nationwide were made subject to VAT, McDonald's said it will open 250 restaurants in China every year and Ali Health received a business injection

The VAT regime has been fully expanded nationwide across all industries and goods bought on foreign e-commerce sites have been subject to VAT and consumption tax

The MIIT has set registration requirements for websites domiciled in China, the NDRC has further prohibited resale price maintenance by automakers and financial institutions have been encouraged to diversify their consumer loan services

The HKIAC, SIAC and ICC have opened rep offices in the Shanghai Free Trade Zone, a move that lawyers hope will raise the bar for Chinese and foreign-related disputes