RSI Corporate - Licensing

BASF taking innovation where markets are

China Daily- Zhu Wenqian

“BASF director says the firm is coasting on its long history with China to industrial glory
BASF SE’s association with China goes back all the way to 1885. Over the last 130 years, the Ludwigshafen, Germany-headquartered 150-year-old multinational, which deals mainly in chemicals, plastics, performance products, crop protection products, petrochemicals, nutrition and health products, oil and gas, has made China key to its growth and evolution.
Sanjeev Gandhi, 49, one of BASF’s executive directors, now heads the company’s operations in Greater China and Asia Pacific. A BASF veteran, Gandhi has risen through the ranks over 22 years to reach the Board of Executive Directors.”(more)

China cuts tax to boost innovation

China Daily- XINHUA

“BEIJING — China cuts more than 300 billion yuan ($46.15 billion) of taxes in 2015 to boost mass entrepreneurship and innovation, according to official data.
Among this, tax exemptions and breaks on small enterprises reached 100 billion yuan and tax cuts designed to encourage high technology development totaled 140 billion yuan, according to the State Administration of Taxation.”(more)