For foreign companies, hiring Chinese nationals can be a good decision business-wise as these employees bring the potential for strong added value in several job functions...
Since that passage of the 2008 Enterprise Income Tax Law, the system of corporate tax in China now has foreign and domestic companies under the same tax regime, eliminating the previous bifurcated system.
During recent years, China's workforce has drastically transitioned from a reliance on state-owned enterprises to handling the forces of today's market economy much more independently.
Many foreign companies will find that China’s employment termination law prioritizes employee job security, making contract termination more difficult than in other countries.