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China's industrial enterprises have posted steady growth in sales revenue in the first five months of this year, with firms in high-tech and emerging sectors performing particularly well, according to official tax invoice data released Tuesday.
China's market entities continued to demonstrate improving tax and social security payment credit performance in 2026, with the number of creditworthy businesses steadily increasing and more companies actively repairing their credit records, said the State Taxation Administration.
Attention, please! Good news to anyone who plan to visit China!
China focuses on further improving departure tax refund policies and bolstering inbound consumption in a statement released by six departments on May 18, rolling out new measures such as expanding tax-refund stores and random inspections on smaller claims.
China has rolled out an upgraded nationwide departure tax refund policy aimed at making shopping easier for foreign visitors and converting rising inbound tourism into a new driver of domestic consumption.
Eight measures were announced on departure tax refunding policies to enhance the experience of foreign tourists, such as expanding coverage of tax-refund stores, adopting random spot checks on low-value refund applications, and upgrading instant tax refund services, according to a joint statement is...
China's instant tax refunding service for overseas visitors, launched in April 2025, has significantly boosted inbound consumption with the rapid growth of business volume. Over the past year, the number of travelers applying for instant tax refunding service jumped 12.96-fold, while both tax-refund...
Mr. Hu Jinglin, Commissioner of the State Taxation Administration of the People's Republic of China, met with Mr. Daniil Egorov, Head of the Federal Tax Service of the Russian Federation, in Beijing on April 21, 2026.
In China, driven by tax and fee incentives policies and other supporting policies, technology innovation has advanced faster in its integration with innovations in industries, and new quality productive forces also took a leap in development.
Latest tax data show that the Chinese economy has continued to perform steadily, with innovation momentum strengthening, as evidenced by robust revenue growth in high-tech industries in the first quarter of 2026.
Strong growth appeared in scientific and technological innovation in the first two months in China, as released by data from the State Taxation Administration, with many highlights.
Average daily sales revenue of consumer-related industries nationwide increased by 13.7% throughout the 2026 Spring Festival holiday against last year, according to VAT invoice data released by the State Taxation Administration.
China's State Taxation Administration (STA) said Sunday it has released an announcement to adjust and improve export tax rebate management regulations to make declaration and handling processes more convenient and efficient.
China’s manufacturing sector has accelerated its shift toward intelligent, green, and integrated development, further solidifying its role as a stabilizing "ballast stone" in the economy, according to the tax authority. In 2025, the manufacturing sector saw its sales revenue grow by 1.7 percentage ...
Forty-one new duty-free shops will open at 41 ports of entry in China, including airports, seaports and land border crossings, according to a joint announcement by five government departments, aiming to boost spending by inbound travelers.