China Tax & Investment News - China reemphasizes a broader opening-up and high-quality focus

China Tax & Investment News (CTIN) is a bilingual thought leadership prepared by EY’s China Tax Center team and distributed in PDF to all EY clients which have subscribed to EY email notifications. Different from China Tax & Investment Express (CTIE), which is a weekly quick briefing on multiple rules/regulations/polices officially issued in that period, CTIN – normally focusing on one ruling or one type of issues/industries each issue - provides more detailed interpretation and in-depth business implication analysis on significant policies as well as trends of development in tax and business related areas.

Ever since the launch of China’s initial “opening-up” policy at the end of 1970s, China has experienced explosive growth over the decades, making it one of the world’s most attractive investment destinations. China’s economic growth has created continuous and promising business opportunities with sizeable market for foreign investors; and in return, China has been benefited from capital’s driving force for the industrial upgrading, economic transformation and solid employment rates.

Upon the tone set in the “Two Sessions” held in March 2023, economic recovery is placed as one of the key tasks of the new leadership for the state government. New Premier Li Qiang made the remarks at his first press conference, reiterating China’s steadfast commitment to deepening reform and opening-up.

This issue of China Tax and Investment News will introduce the details of some key points and shares with you our observations.

For more information, please contact your usual EY contact or one of the EY’s China tax leaders in the list attached at the end of this tax alert.