Recent Tax Cuts to Boost Entrepreneurship and High-Tech in China

In an attempt to stimulate innovation and entrepreneurship, China’s state council has recently announced tax cuts for small firms and high-tech companies.  The intention is that the reduction in their tax burden will spur companies to spend more cash on R&D, hiring, and business expansion. These measures come in direct response [...]

2018-12-28T19:16:50+08:00May 30th, 2018|

Developing a Strategy for Finding Local Managers for your Organization in China

Having local managers and executives can be an invaluable asset for new entrants into the Chinese market. The use of local expertise and local networks can often mean the difference between business success and failure in China. Nonetheless, finding local executives can be a major challenge, as Western-style headhunting methods are [...]

2018-12-28T19:18:01+08:00May 20th, 2018|

Attracting Top Technology Employees in China

Attracting first-rate technical talent is one of the most important ingredients of success for technology-oriented companies in China. Recruiting top technologists and engineers has become a formidable task as China pours enormous resources into advancing its technological capabilities. To help alleviate this problem, the Chinese government is developing incentive schemes to [...]

2018-12-28T19:18:59+08:00May 16th, 2018|

China’s Minimum Wage Laws

Though China’s labour markets remain competitive, most know that the days of cheap, abundant labour are over and that, if seeking inexpensive labour is your primary goal, there are better alternatives to China. With rising wages, China is gradually shifting its economic growth priorities towards the growth of the consumer market. [...]

2018-12-28T19:19:13+08:00May 4th, 2018|

Streamlining Business Registration in China: The Five-In-One-Business License

The Chinese government has simplified the process of setting up a foreign company by rolling out the five-in-one business license. This cuts a great deal of the red tape associated with the previous business registration process. In recent years, the Chinese government has publicly reiterated its stated goal to promote entrepreneurship [...]

2018-05-04T13:01:06+08:00May 4th, 2018|

China’s VAT Reforms

In 2016, the VAT, or value-added tax, became the primary indirect tax in China, phasing out the Business Tax of past few decades. China’s VAT regime is now unique in its broad coverage of industries including financial services and real estate. From the very beginning of China’s reform period until recently, [...]

2018-12-28T19:06:47+08:00April 4th, 2018|

China’s Cybersecurity Law and Compliance for Foreign Businesses

China’s Cybersecurity Law came into effect on June 1st, 2017. The law has two main purposes, known to the public. One is to facilitate a larger effort of the Chinese government to establish supervisory control over Internet content. The other major purpose is to bring China closer to international cybersecurity standards. [...]

2018-12-28T19:07:12+08:00April 4th, 2018|

Environmental Compliance for Foreign Companies in China

Compliance with environmental regulations should now be a major concern of virtually any company involved in manufacturing in China. The government is now putting teeth behind its enforcement efforts. For years, authorities did not enforce environmental laws in the interest of maintaining economic momentum. In 2017 alone, tens of thousands of [...]

2018-12-28T19:08:04+08:00April 4th, 2018|

Beijing Further Liberalises Investment in China’s Free Trade Zones

On January 9th, the State Council announced its decision to relax foreign investment restrictions in the countries free trade zones. The nation’s 11 free trade zone form a project to deepen economic reforms and encourage foreign investment. The recent announcement signals China’s commitment to maintaining foreign investor interest in China's free [...]

2018-12-28T19:09:07+08:00March 6th, 2018|

Understanding the Commercial Courts of the China One Belt One Road Initiative

China is proactively carrying out plans to establish a set of commercial courts for the One Belt One Road Initiative (OBOR), the ambitious investment project to integrate 68 countries, covering 2/3 of the global population. In the past decade, international commercial courts have played an important role in globalization. Most notably, [...]

2018-12-28T18:58:10+08:00February 15th, 2018|

How to Enter the Wine Market in China

Introduction According to the China Wine Market, as of February 2017, there are 48 million “wine lovers” in China. This is mainly due to the significant western influence in the major cities in China and also, due to the developing economy and the growing number of upper-middle class Chinese citizens. Being [...]

2018-12-28T18:51:30+08:00September 17th, 2017|

A Chinese Employee’s Real Cost

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, for instance in business development, branding, and project management. In addition, many people believe that local employees tend to require less in terms of labor [...]

2018-12-28T18:53:38+08:00September 11th, 2017|

PEO in China: Professional Employment Organization

What is a PEO (Professional Employment Organization) ? This guide explains what is a PEO (Professional Employment Organization) and which are the main factors, advantages and conditions to know before collaborating with one. This is normally a third party contracted to administer all official employment undertakings. A Professional Employment Organization (PEO) [...]

2018-12-31T18:18:34+08:00August 27th, 2017|

How to Structure a Salary Package in China?

This article explains how to structure a salary package for foreign and Chinese workers in China. In China’s labor market, foreign companies based in the mainland naturally encounter difficulties when implementing their human resources strategy. Especially so when it comes to defining their remuneration practices. While being compliant with the Chinese [...]

2018-01-18T11:00:29+08:00August 2nd, 2017|

Top 5 Booming Industries in China

This article unveils the top booming industries in China in 2017 Looking at China today, it is almost unfathomable that in 1981, 88% of its population was wallowing in hunger and poverty. Right now, China is the second largest world economy, only behind the United States. What spurred this monumental upturn [...]

2018-12-28T18:57:01+08:00July 17th, 2017|

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