Business News
On April 23rd, the second phase of the 135th Canton Fair kicked off, showcasing a plethora of home goods.Covering a vast area of 515,000 square meters, the offline exhibition of the second phase boasted 24,658 booths with participation from 9,820 enterprises. Among them, 936 were distinguished as Canton Fair brand enterprises.
The annual "Yangcheng Night Market" night consumption season in Guangzhou was officially launched on the evening of April 22, 2024. This event marks the commencement of a city-wide initiative to stimulate nighttime economic activities, with the introduction of the first batch of 15 designated metropolitan-level night market zones.
The second phase of the 135th Canton Fair will be held from April 23 to 27, with a total area of 515,000 square meters, 24,658 booths, and 9,820 participating companies. Among them, 936 branded enterprises will set up 5,150 branded booths. More than 1,100 companies will participate in the fair for the first time.
Policies
  • The Twenty-first Meeting of the Standing Committee of the Sixteenth Guangzhou Municipal People’s Congress adopted the Regulations of Guangzhou City on Foreign Language Signs in Public Places on November 29, 2023. It was reviewed and adopted by the Seventh Meeting of the Standing Committee of the Fourteenth Guangdong Provincial People’s Congress on December 28, 2023. It is hereby promulgated and will take effect from February 1, 2024 onwards.
  • To fully implement decisions and arrangements of the Communist Party of China (CPC) Central Committee and the State Council, reduce institutional costs, and boost the confidence and growth of market entities, Guangzhou Municipal Tax Service has formulated the Measures of Guangzhou Municipal Tax Service, State Taxation Administration for Taxpayer Facilitation and Business Environment Improvement in 2022 for tax and fee payers.
  • As determined by the people’s government of any province, autonomous region, or municipality directly under the Central Government in light of the realities of the local region and in accordance with macroeconomic regulation needs, the resource tax, urban maintenance and construction tax, property tax, urban land use tax, stamp tax (excluding stamp tax for securities trading), farmland occupation tax, educational surtax, and local education surcharges of small-scale VAT taxpayers, small low-profit enterprises and individual industrial and commercial households may be subject to a reduction of up to 50% of the tax payable.
  • In order to implement the decision and deployment of the CPC Central Committee and the State Council, effectively protect the basic livelihood of the people, and help enterprises to overcome difficulties, upon the consent of the People s Government of Guangdong Province, the Notice of the National Healthcare Security Administration, National Development and Reform Commission, Ministry of Finance, and State Taxation Administration on the Temporary Deferred Payment of Corporate Contributions to Basic Medical Insurance for Employees (YBF [2022] No. 21) is hereby forwarded to you. In line with the actual situation in our province, the following work requirements are proposed for implementation.
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