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The increasing importance of China to Australian businesses dictates the need to have a good understanding of the Chinese corporate tax system. Due to the different economic and legal environment, some provisions of the EIT Law may come as a surprise to foreign observers. This is so despite that the Chinese tax system has become more sophisticated and its government in general has strived to align its tax policies with international norms in recent years. The aim of this paper is to identify and analyse three key policy objectives of the EIT Law – namely, neutrality, competitiveness and anti-avoidance – which provide the framework for a better understanding of the regime. These policy objectives have shaped to a large extent the EIT Law in China. This paper critically evaluates how these three policy objectives were achieved through the design of key features and provisions of the EIT Law. The analysis also serves to highlight some interesting differences with their Australian counterparts wherever appropriate. [ABSTRACT FROM AUTHOR]

This article identifies and analyses five major issues relating to current antidumping and countervailing laws and practice in Australia. Given the recent conclusion of a free trade agreement between Australia and China, the article proposes to focus on Australia's antidumping and countervailing investigations against China. The article discusses whether the Australian laws and practice are consistent with the relevant WTO rules and how they may impact on the promotion of trade liberalization between Australia and China.The article concludes that all of these issues may create trade barriers to Chinese exports to Australia and hence must be dealt with to protect the enhancement of market access of Chinese exports to Australia under the Australia – China free trade initiatives. [ABSTRACT FROM AUTHOR]

This article examines Sino–Australian economic relations, and their impact on the ties between the United States and Australia. First, drawing on power transition theory, it is argued that in a post-Cold War environment, economic ties play as great a role as strategic relations in determining the orientation of third-party states. Second, it is also argued that Australia's deeper economic and commercial ties with China have usurped a role previously held by the United States. This has forced Australia to pursue a bifurcated foreign policy—one split between its economic and national security needs. Third, these deeper ties with China have generated a degree of alliance drift between Australia and the United States. As a result, there is now a significant debate in Australia over the future of both bilateral relations—even as its space for policy innovation remains limited. [ABSTRACT FROM PUBLISHER]