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China Lowers Corporate Income Tax Rate For 186 Software Enterprises
January 13, 2010Chinese government departments have jointly issued a notice about key software enterprises included in China's national planning layout for 2009, stating that these enterprises can pay their corporate income tax at the preferential rate of 10%.
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China, South Korea Launch Online Trade Cooperation
November 30, 2009China and South Korea have jointly launched an economic and trade cooperation online initiative to provide comprehensive and timely information services to enterprises aiming at information technology exchanges and cooperation in both countries.
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Refrigerators Rule Chinese Home Appliances Subsidy Scheme
November 10, 2009China's Ministry of Commerce has recently published the latest performance statistics for the country's rural home appliances and electronics subsidy scheme and stated that by October 31, 2009, the total sales within the scheme had reached CNY50.842 billion.
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Focus Media Cancels Acquisition Deal With Sina In China
September 28, 2009It was almost too good to be true for Focus Media Media Holding — they thought they had found a buyer for their lackluster digital out-of-home advertising networks.
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China Implements Stricter Management Of Virtual Currency
June 30, 2009China's Ministry of Culture and Ministry of Commerce have jointly focused on the management of virtual money for online games with a new regulation which states that virtual currency should not be used in trade of real goods and services.
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Alipay's E-commerce Credit System May Be Launched Soon
May 12, 2009According to Qiu Changheng, vice president of Alipay, China's first e-commerce credit system is expected to be launched by the end of 2009 and the system will fully cover small and medium-sized enterprises and individual users.
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Chinese Farmers Grab 13% Home Appliances Subsidy
February 5, 2009Attempting to both jumpstart the consumer economy and provide rural Chinese with access to cheaper goods, China's Ministry of Commerce has started a subsidy scheme for farmers buying designated brands of home appliances.
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Taobao.com Trade Value Reached CNY99.96 Billion In 2008
January 15, 2009Chinese Internet auction and e-commerce website Taobao.com has announced that its trade value in 2008 reached CNY99.96 billion, making it one of the largest comprehensive shopping platforms in China.
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Best Buy Finally Opens Second Flagship Store In China
August 22, 2008After much preparation, American electronics retailer Best Buy (BBY) will open its second flagship store in China in Shanghai's Zhongshan Park area on August 26, 2008.
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Three Chinese Ministries Promote UOF Office Software
July 28, 2008The International Department of the Central Committee of CPC, the Ministry of Commerce of China, and the State Archives Administration of China have started to promote the Chinese-made Uniform Office Format standard, and it will be promoted in at least six ministries in China before the end of 2008.
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Tech Companies Busted For Not Fulfilling Donation Promises In China
June 23, 2008Statistics from China's Ministry of Commerce show that 12 companies, including Nokia, Google China, and Texas Instruments, have not fulfilled their promise of making donations to China's earthquake areas, but most of the companies say that they have been wronged as Ministry of Commerce's statistics are incomplete.
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China Drafts Two New Important Regulations For E-commerce
May 12, 2008To better regulate online transactions in China, the Ministry of Commerce has drafted and is soliciting comments from the public on two new rules: the E-commerce Pattern Regulation and Online Shopping Service Regulation.
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Alibaba Killer? Chinese Ministries Unveil New B2C Website
April 29, 2008Zhengjiaweb.com, a new B2C portal website jointly promoted by China's Ministry of Science and Technology and Ministry of Commerce, has been formally unveiled.
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Chinese Ministries Will Blacklist Online Transactions Of Banned Goods
April 2, 2008Seven Chinese ministries, including the State Administration for Industry and Commerce and the Ministry of Commerce, have jointly issued a circular on strengthening the online transaction of goods banned by the government.
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China's First Online Transaction Rule To Be Issued In June
March 26, 2008Xie Linhai, a deputy director from China's Ministry of Commerce, has disclosed at the Third Medium and Small Enterprise E-commerce Application and Development Conference that the ministry will issue the Online Business Data Protection Rule in June this year, and the new rule will be the first of its kind regarding online transactions in China.
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