China's Ministry of Finance and State Administration of Taxation have jointly issued Announcement No. 13 of 2021, which provides an increased R&D super deduction for manufacturing enterprises. This includes an increased deduction of 200% (additional 100%) for R&D expenses actually incurred by manufacturing enterprise in conducting R&D activities that have not resulted in intangible assets with effect from 1 January 2021. Where the R&D activities of the manufacturing enterpris…