Waigaoqiao area in Shanghai free-trade zone in Pudong, Shanghai. China is attempting to expand its use of free-trade zones to attract foreign investment. Photo: Xinhua

China to offer tax and housing subsidies to lure foreign talent to Shanghai free-trade zone, sources say

  • Shanghai government to issue 50 new rules this week for its expanded free-trade zone to attract foreign investment and talent
  • Among the benefits on offer will be income tax subsidies to offset the difference between higher tax rates in Shanghai than in Hong Kong
Topic |   Shanghai free-trade zone

TOP PICKS

Waigaoqiao area in Shanghai free-trade zone in Pudong, Shanghai. China is attempting to expand its use of free-trade zones to attract foreign investment. Photo: Xinhua
READ FULL ARTICLE
Employees work on the production line of a factory manufacturing fashion accessories in Sihong county, Jiangsu province, China March 27, 2019. Photo: Reuters

China’s industrial profits bounce back in July, but long-term view remains negative amid trade war escalation

  • Profits at China’s large industrial firms recovered in July, posting year-on-year growth of 2.6 per cent, following a decline of 3.1 per cent slump in June
  • However the overall picture is negative, with total industrial profits down 1.7 per cent so far this year, led by an 8.1 per cent slump by state sector firms
Topic |   China economy

TOP PICKS

Employees work on the production line of a factory manufacturing fashion accessories in Sihong county, Jiangsu province, China March 27, 2019. Photo: Reuters
READ FULL ARTICLE