China's Ministry of Finance, General Administration of Customs, and State Administration of Taxation have jointly issued Notice No. 4/2021 on additional preferential policies for the implementation of the policy notice issued by China's State Council on 8 August 2020 to promote the development of the integrated circuit and software sectors. In particular, Notice No. 4/2021 provides that qualifying integrated circuit manufacturers are exempted from import duties/tariffs on imports of equipmen…