Dec 1 – China has ended tax allowances for foreign companies and brought the tax rates on them in line with taxes on domestic companies. Dec 1 – The National Development and Reform Commission reduced the prices of 17 antibiotics and drugs for cardiovascular disease by 19% on average. The top economic planner, which had 26 drug price cuts since 1997, estimated the policy will cut the nation's medicine bill by ¥2 billion a year. Nov 30 – China's cabinet decided to slap a 110% tax on fertilizer exports in the final month of 2010 to ease domestic shortages. Nov 28 – The National Tourism Administration released guidelines encouraging Chinese hotels to expand overseas via mergers and acquisitions and IPO.