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    1. Business News
      In recent years, Guangdong has made great efforts to push forward its cross-border e-commerce industry, such as issuing preferential policies, setting up related industrial clusters and offering specific services to facilitate enterprises to explore global market. Up to now, the province has saw fruitful achievements in this new business mode.
      The 53rd China International Furniture Fair (CIFF) opened at the Canton Fair Complex in Guangzhou on Monday, March 18. Hailed as the world's largest home furnishing fair with the entire industry chain, the exhibition this year covers a total area of 850,000 square meters with 91 exhibition halls and has attracted over 4,700 brands, marking a historic high in scale.
      The Singapore Session of the 10th China (Guangzhou) International Investment Annual Conference was held on March 12th, attracting over 70 representatives from government departments, technology innovation companies, and business associations.
      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.
      Policies Interpretation

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