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Staff members of Asian Trekking, a Nepal-based mountaineering company, participate in a training session on Jan 17 in Kathmandu, Nepal. [NIRANJAN SHRESTHA/ASSOCIATED PRESS]

Startups and small online retailers would be faced with managing compliance over multiple jurisdictions where as small retailers would only have to comply to taxes in the jursdicition where they are located. The question is would the new inbalance created be unmanagible and stifle growth?

State Grid is the country's main power supplier and runs the majority of the nation's electricity distribution networks.

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State Grid Corp of China, among the country's first batch of innovative enterprises and the only national innovation and entrepreneurship demonstration base in the energy sector, is beefing up efforts to promote the mass entrepreneurship and innovation.

State Councilor and Foreign Minister Wang Yi (fifth from left) poses with ministerial-level officials from members of the Association of Southeast Asian Nations at the ASEAN-China Ministerial Meeting in Bangkok, Thailand, July 31, 2019. [Photo/Xinhua]

Starting in June this year, MSCI will include about 236 large-cap A-shares in the emerging markets index, a move that analysts said could bring large inflows of foreign funds to boost the value of A-shares.

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Standard Bank, Africa's largest lender, and Industrial and Commercial Bank of China, the country's largest lender, have teamed up to extend loans and foreign exchange services to Chinese companies operating in African countries that are participating in the Belt and Road Initiative.

Starting on Dec 1, China will carry out trial programs separating operation permits from business licenses in all pilot FTZs in a move to further expand market access. The procedures for approval of 442 items are expected to be streamlined.

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Starting in the second quarter of 2019, the company's CEO and several employees engaged in certain misconduct, including fabricating certain transactions, amounting to around 2.2 billion yuan, according to an internal investigation from Luckin Coffee.

Starting July 1, Hainan increased its annual tax-free shopping quota from 30,000 yuan (,570) to 100,000 yuan per person. The range of duty-free goods has also expanded from 38 categories to 45, while the previous tax-free limit of 8,000 yuan for a single product has been lifted.