Chinese Companies Go Global: Recent Progress

The policy for Chinese companies going global was launched in 1999 as a call to encourage outward direction investment (ODI) in line with national strategic objectives. In particular, the policy was intended to accelerate the acquisition of foreign technology and expertise. Other goals include managing overcapacity in the Chinese market, improving [...]

2019-03-20T21:40:26+08:00July 10th, 2018|

China’s Data Protection Rules: Navigating Compliance

China’s first comprehensive system of rules for data protection is included in the Cyber Security Law, which came into effect June 2017.  These rules govern the collection of personal data over information networks. Data protection within China is becoming a more politicized issue.  Chinese consumers, in fact, appear to have some [...]

2019-03-20T21:39:59+08:00June 7th, 2018|

How to Revive the Chinese Manufacturing Industry?

The Chinese manufacturing industry will face challenges in the near future. How to maintain the competitiveness of the manufacturing industry in the global market, while transforming the country from a large production center into a large and advanced manufacturing power is the government's primary task. The slowdown in growth of the [...]

2018-12-28T19:16:04+08:00June 3rd, 2018|

China’s Manufacturing Output Grew Sharply

Chinese manufacturing activity surged in December 2017, according to an independent indicator released Tuesday by the media group Caixin. This contradicts the government figure showing a slight slowdown in manufacturing growth. The Purchasing Managers' Index (PMI), calculated independently by IHS Markit and published by Caixin, stood at 51.5 last month versus [...]

2018-12-28T19:16:39+08:00May 30th, 2018|

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|

China’s Economic Reforms in 2018: Will Progress Pick Up?

Looming economic reforms in China are once again creating fanfare, prompting outside observers to ask what will come of China's economic reforms in 2018. At the Davos Forum in January 2018, Xi Jinping’s top economic adviser and Politburo member, Liu He told audience members to expect big progress on China's economic [...]

2018-12-28T19:05:58+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|

The Business Implications of China’s Social Credit System

China is in the process of rolling out its so-called social credit system, which will mobilize a vast system of omnipresent data collection to form rating system of businesses and individuals covering a wide variety of areas of interest to the Chinese authorities. While China will soon require companies to hand [...]

2018-12-28T19:07:40+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|

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