MARKET WATCH
By LIU YUNYUN
【期刊名称】北京周报（英文版） 【年(卷),期】2010(053)047 【总页数】2
TO THE POINT: Foreign companies doing business in China are now seeing an end of an era, as favorable tax policies are dropped and they will compete against domestic companies on an equal footing. Chinese property developers loaded with money are making a drop in housing prices less likely in the short term. Analysts expect the sizzling auto market in China to cool in 2011 due to a matured market and the exit of stimulus measures. A batch of genetically mod ifi ed corn imported from the United States was sent back to its origin after forbidden ingredients were found. China is speeding up its mapping business by setting up a geographic information industrial park in Beijing.
Tax Equality
China is bridging the tax burdens between domestic and foreign companies in the country, ending the decades-long favorable treatment for foreign enterprises.
China will charge foreign firms operating here with two additional taxes—a construction tax and an education surcharge—effective December 1, according to the State Council. The two measures marked
MARKET WATCH
