π South Korea Delays Virtual Asset Taxation By Two Years
#SouthKorea #VirtualAssetTax #TaxAmendment #Cryptocurrency #HanDuckSoo #StateCouncil
According to PANews, South Korea's acting President Han Duck-soo intends to announce a tax amendment during the state council meeting on December 24. This amendment includes a two-year postponement of the planned taxation on virtual assets.#SouthKorea #VirtualAssetTax #TaxAmendment #Cryptocurrency #HanDuckSoo #StateCouncil
π China Intensifies Measures Against Tobacco Smuggling Using New Technologies
#China #TobaccoSmuggling #NewTechnologies #RiskControl #InternationalParcels #VirtualCurrency #IllegalActivities #StateCouncil #PANews
According to PANews, the General Office of the State Council has recently issued an opinion on combating illegal activities related to tobacco across the entire chain. The document emphasizes strengthening risk control over transportation vehicles and international parcels involved in tobacco-related activities. It also calls for enhanced analysis and judgment on illegal activities conducted through foreign-registered websites and virtual currency transactions involving tobacco products. The initiative aims to precisely target and combat tobacco smuggling using new technologies and channels.#China #TobaccoSmuggling #NewTechnologies #RiskControl #InternationalParcels #VirtualCurrency #IllegalActivities #StateCouncil #PANews
π China to Implement New Tariff Adjustment Plan in 2026
#China #TariffAdjustment #2026 #StateCouncil #ImportTax #GreenTransformation #MedicalProducts #TechnologicalComponents #BionicRobots #BioAviationKerosene #LeastDevelopedCountries #ASEAN #PreferentialTaxRates
According to PANews, the State Council Tariff Commission has announced the '2026 Tariff Adjustment Plan,' set to take effect on January 1, 2026. This adjustment aims to promote high-quality development, optimize tariff item settings, and continue the implementation of agreement and preferential tax rates.
Key aspects of the plan include the application of provisional import tax rates lower than the most-favored-nation rates on 935 items. These items encompass critical technological components, resources for green transformation, and medical products.
The plan also involves the removal of provisional import tax rates on certain goods, reverting to the most-favored-nation rates for products such as micro motors and printing machines.
Additionally, new tariff items have been introduced, including intelligent bionic robots and bio-aviation kerosene, bringing the total number of tariff items to 8,972.
Furthermore, the plan continues to offer zero-tariff treatment on all products for 43 least-developed countries and applies preferential tax rates to imports from some ASEAN member countries.#China #TariffAdjustment #2026 #StateCouncil #ImportTax #GreenTransformation #MedicalProducts #TechnologicalComponents #BionicRobots #BioAviationKerosene #LeastDevelopedCountries #ASEAN #PreferentialTaxRates
π China to Enhance National Power Market with Blockchain Technology
#China #NationalPowerMarket #BlockchainTechnology #GreenPower #Certification #StateCouncil #EnergyζΉι© #θ½ζΊζΉι©
The State Council General Office has issued implementation opinions on improving the national unified power market system. According to ChainCatcher, the document emphasizes the need to strengthen various functions of the power market and accelerate the establishment of a green power consumption certification mechanism. It also highlights the comprehensive introduction of blockchain technology to conduct full-chain certification for green power production and consumption.#China #NationalPowerMarket #BlockchainTechnology #GreenPower #Certification #StateCouncil #EnergyζΉι© #θ½ζΊζΉι©
π AI TRENDS | Joe Tsai Highlights China's AI Application Potential
#AI #China #ArtificialIntelligence #AIApplications #NS3AI #StateCouncil #AIAdoption #MarketOpportunities #JoeTsai
Joe Tsai emphasized that China's most significant opportunity in artificial intelligence lies in its applications. According to NS3.AI, the State Council has set an ambitious target for AI agents and intelligent terminals to achieve over 90% adoption by 2030. Tsai noted that the primary aim of AI development is to foster widespread adoption, which can lead to substantial social benefits and create large market opportunities.#AI #China #ArtificialIntelligence #AIApplications #NS3AI #StateCouncil #AIAdoption #MarketOpportunities #JoeTsai