China rolls out tax breaks for foreign investors reinvesting profits locally; China remains key private equity market but firms are starting to diversify investments; U.S. Congressional bill that targets Chinese AI tools like Deepseek has bipartisan support
STA offers substantive tax deduction incentives to foreign investors. CAC specifies procedures for extending security assessment approval for cross-border data transfers. Critical information infrastructure operators are required to conduct security assessments before applying commercial cryptography.
Casper Sek of Jingtian & Gongcheng examines new guidance from TC260 which looks likely to become an essential component in companies’ personal information protection toolkits
Chinese manufacturers increase exports to non-U.S. markets; Revisions to the Anti-Unfair Competition Law address challenges to fair competition; China's data centers in Tibet aim to power much of China's AI
Anti-Unfair Competition Law revised prohibiting abuse of dominant positions. First national regulation draft on commercial mediation issued. MOF clarifies accounting treatment of foreign-invested enterprises. SAMR regulates personal information protection and data security of online platforms.