China Tax & Investment News | Enhance the future – China introduces more steps to retain and attract FDI

Photographic portrait of EY Greater China

Local Contact

21 Apr 2020
Subject China Tax Alerts
Categories China Tax & Investment News
Jurisdictions Mainland China

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.

Along the successful trajectory of its 40 years of reform, China’s economic development has greatly benefited from Foreign Direct Investment (FDI). Foreign investments have not only brought over global capital, but have also expanded the market of local products to a global buyership, provided huge domestic employment and advanced management experiences from multinational companies (MNCs) having boosted long-term growth and having built foundations for innovation, therefore playing a crucial role in lifting people’s general livelihood.

In response to the global turbulence caused by COVID-19, the Chinese government has made its best endeavor to control the domestic epidemic, proactively share its medical experience and work together with other countries to overcome the global crisis. To restore market confidence and recover the economy, China’s central and local governments published bold measures last week releasing key messages. Primarily, China continues to open up for foreign investment, support cross-border trade and contribute its best efforts to enhance resilience of the economy.

This issue of China Tax and Investment News will introduce the details of some key supporting measures and 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.

Download this Tax Alert

PDF (1 MB)

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.