China State Council issues guidelines in bid to increase foreign investment

BEIJING: China's State Council issued guidelines on Sunday that it said would further optimise the country's foreign investment environment and attract more foreign investment.

The State Council said in a document containing 24 guidelines that authorities should increase protection of the rights and interests of foreign investors, including strengthening enforcement of intellectual property rights. The document also announced guidelines to increase fiscal support and tax incentives for foreign-invested enterprises, such as temporarily exempting withholding income tax for foreign investors' reinvestment of their profits into China.

The State Council said it would explore a"convenient and secure management mechanism" for cross-border data flows. The proposal comes amid tensions between authorities and international enterprises, including global accounting firms, over data security.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

China state council says it issues guidelines to optimise foreign investment environmentBEIJING : China's State Council said it issued guidelines on Sunday to further optimize the country's foreign investment environment and attract more foreign investment.The State Council said in a document that authorities should increase protection of the rights and interests of foreign investors, includ
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

China State Council issues guidelines in bid to increase foreign investmentBEIJING :China's State Council issued guidelines on Sunday that it said would further optimize the country's foreign investment environment and attract more foreign investment.The State Council said in a document containing 24 guidelines that authorities should increase protection of the rights and interests
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »