Enterprises entitled to the current additional pretax deduction of 75% for research and development expenses are allowed to apply for 100% deduction, and it will become a long-term institutional arrangement.
China will fully align with the international high-standard market regulation system and establish a new system for higher-level open economy.
The Regional Comprehensive Economic Partnership entered into force in the Philippines on June 2, marking a milestone with the world's largest free trade pact being fully effective for all 15 member countries.
