China updated its tax refund policy for foreign tourists, shifting from a refund-upon-departure model to a refund-upon-purchase model, the State Taxation Administration(STA) said on April 8.
Shanghai recently announced comprehensive measures to encourage multinational corporations to upgrade their regional headquarters in the city.
The Hongqiao International Opening-up Hub has experienced rapid growth since the State Council, China's Cabinet, approved its framework construction plan in February 2021.
The Government Work Report outlined new economic and social targets for the year of 2025.
The 2025 Government Work Report was delivered at the opening of the third session of the 14th National People's Congress in Beijing on March 5.
Shanghai has released an updated action plan to further improve the city's business environment. The plan aims to enhance the sense of gain among enterprises by coming up with 58 detailed measures.
