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China’s Rural Revitalization Strategy: Opportunities for Investment

2022-03-10
China’s Rural Revitalization Strategy is a core component of the government’s goals to promote more balanced economic and social development and to eliminate poverty. While many foreign investors set their eyes on China’s developed urban metropolises, a significant amount of the country still lives in rural areas. We discuss the key investment and business opportunities for foreign companies aligning with the goals of China’s rural revitalization program.

Featured Business News

Vietnam Briefing

Vietnam’s Health Supplement Market: Trends, Opportunities, Market Entry

06/13/2022

Vietnam’s health supplement market is seeing a rapid increase due to the country’s demand for health-related and personal care products. In this article, Vietnam Briefing gives an overview of the health supplement market including industry drivers, challenges, and market entry options and requirements for investors.

ASEAN Briefing

Establishing a Representative Office in Thailand

08/11/2022

A representative office is the ideal business entity for foreign investors who are exploring the Thai market. The RO can be 100 percent foreign-owned and can provide up to two work permits for foreign employees. RO are not allowed to earn income while operating in Thailand and thus is not subject to corporate income tax. The RO’s activities are restricted to market research, finding new partnerships, and other forms of information gathering.

ASEAN Briefing

2023 Foreign Investment Opportunities in The Philippines

08/09/2022

The Philippines has been a consistent recipient of Chinese investment for some time, and its geostrategic position – Hong Kong is just an hour’s flight away – has made it a hub for many red-chip Chinese investors. This, coupled with extensive infrastructure connectivity plans, better uniting the country, and the development of numerous free trade zones is seeing the country attract increasing numbers of foreign investors. Taking advantage of the infrastructure build presents cash-flow operational and profit-making opportunities for those quick off the mark.

China Briefing

Camping and Outdoor Activity – Tapping into China’s Hottest New Travel Trend

08/10/2022

In China, camping and outdoor activities are booming. The popularity of camping reflects a long-term rise in interest in outdoor sports and activities, as well as a trend toward short-haul and local travel driven by the pandemic. The budding industry presents a host of new opportunities in the outdoor activities industries. We discuss the trends and drivers behind the growing preference for camping in China and how investors can tap into the various related market segments.

China Briefing

Tourism in China: 2022 Trends and Investment Opportunities

08/09/2022

The COVID-19 pandemic continues to impact Chinese tourism, more so because of the country’s zero-Covid policy. New trends have emerged – which has seen a surge in domestic tourism and changing travel preferences among various demographic categories. In this article, we explore how China’s indigenous tourism market is diversifying, successfully catering to the lifestyles of Gen Z and young families, and touch on the prospects for the return of China outbound tourism. We also offer insights for foreign businesses interested in China’s tourism sector and its allied service industries like retail and sustainability.

Vietnam Briefing

Vietnam’s Emerging Cosmetics Industry: Strong Potential for Market Growth

08/09/2022

Vietnam’s cosmetics market is rather young, yet is one of the most dynamic in the region. As living standards in Vietnam grow, Vietnamese consumers are becoming more aware of personal care and beauty products besides satisfying basic needs. With a market value of up to US$ 2.3 billion in 2021, Vietnam Briefing analyses the current situation, opportunities, and challenges for businesses entering this industry.

The Bigger Picture

Silk Road Briefing

China-Kyrgyzstan-Uzbekistan-Afghanistan Corridor Proposed

08/11/2022

Uzbekistan has proposed the launch of a new Central Asian “China-Kyrgyzstan-Uzbekistan-Afghanistan” transport corridor, according to Uzbekistan’s national railway company Temir Yullari. Such a route would link Afghanistan to South Asia and the INSTC.

Russia Briefing

How Will The Russian Economy Perform To 2025? Report Issued By The Russian Centre For Macroeconomic Analysis & Short-Term Forecasting

08/11/2022

The Russian economy will attain planned GDP growth levels by 2025 and by 2030 will progress in the range of 2.2 – 2.7%, which is close to pre-2022 targets, according to the new macro forecast of the Russian Centre For Macroeconomic Analysis & Short-Term Forecasting (CMASF).

Silk Road Briefing

China, Saudi Arabia Announce Massive Strategic Partnership Energy Agreement

08/10/2022

The scale and scope of the China-Saudi MoU is significant, covering deep and broad co-operation in refining and petrochemical integration, engineering, procurement and construction, oilfield services, upstream and downstream technologies, carbon capture and hydrogen processes. The development of the King Salman Energy Park is also likely to spill over into other manufacturing sectors over time. The agreement links China's Belt & Road Initiative with the Saudi Vision 2030 National Development Plan and bodes well for UAE based services and product suppliers.

Russia Briefing

The Chinese RMB Yuan Has Become Russia’s Reserve Currency. This Is What It Means.

08/10/2022

Last year, prior to the Ukraine conflict, the demand for the Chinese RMB Yuan on the Moscow Exchange was rather muted, utilized mainly by small traders involved in cross-border transactions, themselves still recovering after lengthy shutdowns on the Russia-China border due to strict Covid regulations. By July this year, it has transformed to become the third most demanded foreign currency in Russia after the US dollar and the Euro.

Our firm Dezan Shira & Associates provides legal, tax and operational advisory across Asia.
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