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Economy & Trade

China’s Third Plenum – Key Takeaways for Foreign Investors 

07/25/2024

The Third Plenum vowed to implement myriad reform policies by 2029 to grow the economy, improve the private sector, boost foreign investment, reform the tax regime, and more.

EU-China Relations After the 2024 European Elections: A Timeline

07/25/2024

Timeline tracking key developments affecting EU-China relations, including trade and business engagement, under the new European Parliament.

Trump v Biden: How Will the 2024 Presidential Election Outcome Impact US-China Relations?

07/21/2024

As Trump and Biden vie for a second term in office, we discuss the potential impact of the 2024 US election on trade, diplomacy, and doing business with China.

China’s GDP Expands 5% in H1 2024

07/17/2024

China’s GDP expanded by 5.0 percent during the first half of 2024, aligning with the economic target set at the beginning of the year.

China’s Third Plenum: What to Watch for Foreign Investors

07/10/2024

The Third Plenary Session of the 20th Central Committee, held from July 15 to 18 in Beijing, is expected to unveil new economic policies and reforms.

China Reopening After COVID: Latest Developments and Business Advisory

07/10/2024

Our daily updates on the latest events as they occur, together with ongoing advisory on how best to manage your China business exposure during COVID-19.

Tax & Accounting

China Offers Special Equipment Tax Incentive for Green and Digital Development

07/23/2024

The new incentive allows companies to deduct investments in digital and smart upgrades of special equipment from their corporate income tax.

Tax Audit in China: A Complete Guide

07/11/2024

In this article, we provide a comprehensive guide to tax audits in China, including typical processes, recent trends, as well as practical case studies.

China Monthly Tax Brief: June 2024

07/05/2024

Highlights from this monthly China tax brief include the increased duty-free quotas for Hong Kong and Macao residents entering the mainland, the tax policy regarding temporary import repair in the Shanghai FTZ, and Shenzhen's new measures to attract foreign investment.

Understanding IFRS 18: Key Updates for Financial Statement Presentation and Disclosure

06/11/2024

The new IFRS 18 standard will impact all entities applying IFRS, influencing how they present and disclose financial performance. In this article, we explore the essential aspects of IFRS 18 and guide entities on the necessary steps to prepare for this upcoming standard.

China Monthly Tax Brief: May 2024

06/03/2024

Highlights from this monthly China tax brief include the new beneficiary owner reporting rules to be effective from November 1, 2024, the expanded tax incentives in the Qianhai Cooperation Zone, and the advance tax ruling measures implemented in Beijing and Maoning City.

Tax Implications for Businesses Under China's New Company Law

05/31/2024

Under the New Company Law, companies and stakeholders face new tax implications. Ahead of its implementation, thorough understanding, staying informed, and consulting legal and tax experts are essential for proactive risk management.

Legal & Regulatory

China’s New Ethical Guidelines for Human Genome Editing Research

07/22/2024

China's new Ethical Guidelines for Human Genome Editing emphasize regulations to address ethical concerns and ensure responsible research.

Unlocking Opportunities: Hainan’s 2024 Encouraged Industries Revealed

07/19/2024

Hainan has officially launched the 2024 catalogue of encouraged industries, featuring 33 new additions compared to the 2020 edition.

Draft Standards for Personal Information Protection Compliance Audits - Key Guidelines for Companies

07/18/2024

The new draft standards provide useful guidance for companies in China to carry out personal information protection compliance audits proposed under draft measures in 2023.

China’s Regulatory Adjustments to Unlock Service Sector Potential in Six Cities

07/12/2024

China approved regulatory adjustments in six cities to open the service sector and attract foreign investment in medical institutions, eldercare facilities, tourism, entertainment, and telecommunication services.

Complying with New Registered Capital Rules under China's Revised Company Law

07/08/2024

Companies established before the new company law took effect on July 1, 2024, should note the timeline to adapt to the new registered capital rules in China.

China Issues Judicial Interpretations on the New Company Law's Applicability and Retrospective Effect

07/02/2024

The final version of the 2023 China Company Law came into effect July 1, 2024 and the Supreme People's Court has issued judicial interpretations regarding the application and effectiveness of the Company Law. While adhering to the principle that laws do not apply retroactively, the Interpretations clarify situations where provisions of the New Company Law take precedence.

Industries

China's Futuristic Industries: Investment Prospects in the Emerging Low-Altitude Economy

07/24/2024

Key regions like Guangdong, Shenzhen, and Chengdu are spearheading development through substantial investments and regulatory support, despite challenges in infrastructure and safety.

China’s New Ethical Guidelines for Human Genome Editing Research

07/22/2024

China's new Ethical Guidelines for Human Genome Editing emphasize regulations to address ethical concerns and ensure responsible research.

China's Health Supplements Market: Trends and Opportunities for Businesses

07/16/2024

China's health supplements market, valued at US$45.5 billion in 2023, is growing rapidly due to increased health awareness post-COVID-19, with strong demand across vitamins, herbal products, sports nutrition, and weight management. We explore the latest trends and market dynamics.

China’s Booming Weight Management Market: Outlook and Trends

07/09/2024

Both established domestic and international companies, alongside emerging players, are employing innovative strategies to cater to China's weight management market, despite facing regulatory and competitive hurdles.

China’s Industry Clusters - A Comprehensive Overview

07/04/2024

China's industry clusters foster economic growth by enhancing efficiency, innovation, and competitiveness through geographic concentration of interconnected businesses, suppliers, and institutions.

Investing in China’s Wearable Medical Devices Market: Trends and Opportunities

06/26/2024

We provide an overview of China's wearable medical devices industry and deliver insights on emerging market trends and investment opportunities.

HR & Payroll

China Announces Several Measures to Facilitate Hotel Accommodation for Overseas Personnel

07/26/2024

New measures in China aim to simplify access to hotel accommodations for overseas travelers by removing barriers and enhancing services.

China Expands the 144-Hour Visa-Free Transit Policy to 37 Ports - A Complete Guide

07/15/2024

China has expanded the 144-hour visa-free transit to 37 ports, with Zhengzhou in Henan Province and 8 more cities in Yunnan Province being able to benefit from this policy as of July 15, 2024.

China's Visa-Free Policies: Latest Updates

07/15/2024

In this aritcle, we look at all of the China visa-free policies that are currently in place and clarify who is eligible to benefit from them.

China Offers 5-Year Mainland Travel Permit to Non-Chinese Hong Kong and Macao Permanent Residents

07/03/2024

Starting July 10, 2024, a five-year multi-entry travel permit can be applied by non-Chinese permanent residents of Hong Kong and Macao, to facilitate travel to the Chinese mainland.

Navigating China’s New Employment Trends and Implications

07/02/2024

New employment trends are emerging in China's labor market amid structural challenges. Businesses should stay agile, invest in talent, and adapt to changing market dynamics to accommodate the implications. 

Maternity Leave in China: A Complete Guide

06/25/2024

In this article, we explore the duration of maternity leave in China’s major provinces, delve into the complexity of maternity allowance management, and highlight considerations specific to foreign female employees.

Technology

EU-China Relations After the 2024 European Elections: A Timeline

07/25/2024

Timeline tracking key developments affecting EU-China relations, including trade and business engagement, under the new European Parliament.

Draft Standards for Personal Information Protection Compliance Audits - Key Guidelines for Companies

07/18/2024

The new draft standards provide useful guidance for companies in China to carry out personal information protection compliance audits proposed under draft measures in 2023.

US-China Relations in the Biden Era: A Timeline

06/27/2024

Timeline tracking key developments affecting US-China bilateral trade and business engagement under the Joe Biden administration.

New Data Security Risk Assessment Rules for Industry and Information Technology Sectors

06/13/2024

New trial rules clarify data security risk assessments requirements for companies processing core and important data in the industrial and IT fields.

China Releases New Draft Regulations on Generative AI

05/30/2024

China is striving to regulate generative AI while promoting innovation and technological advancement. The NISSTC has issued draft regulations outlining security measures for generative AI service providers, underscoring China's commitment to responsible AI development.

Shanghai Lingang New Area Releases Whitelists for Data Export, Facilitating Cross-Border Data Flows

05/22/2024

Shanghai's Lingang New Area has released general data lists that will facilitate data export for companies in the automotive, biopharma, and mutual fund sectors.

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