In light of the economic downturn brought by the COVID-19 pandemic, China has emphasised its development of comprehensive bonded zones (CBZs) to stabilise foreign trade and enhance its global influence and competitiveness. CBZs will boost in-zone businesses by providing preferential tax treatments, simplified customs and administrative procedures and other government support.
Read the newsletter from WTS China, a member firm of WTS Global, to get a detailed update on China’s CBZ development.
Click here to read more. (Pdf 4 Pages)
For further information, please contact:
Eugene Lim, Co-Founder, and Principal, TaxiseAsia
eugene.lim@taxiseasia.com
