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Economy & Trade

China, Japan, South Korea Hope to Restart Trilateral Summit, Possibly Next Year

11/28/2023

The foreign ministers of China, Japan, and South Korea recently met in Busan to discuss common regional concerns, in particular security issues linked with Washington DC and Pyongyang & made a case for restarting their annual trilateral summit.

China 2024 FDI Trends - New Report from Dezan Shira & Associates

11/27/2023

Analyzing data from 2022 and 2023, we explore the evolving trends in China's FDI inflows. In the coming years, this shift is expected to see potentially hundreds of billions of dollars in investments flowing into China from the Middle East, more specifically, the Gulf Cooperation Council (GCC) markets.

Moving Production to Inland China - An Alternative to Reshoring

11/20/2023

China's vast inland region offers a compelling alternative to third country reshoring for companies seeking lower production costs.

Xi-Biden Meeting: “Productive” Talks Lead to Increased Cooperation in Key Areas

11/16/2023

The first in-person meeting between the two heads of state in a year led to commitments to increase cooperation on climate, AI, counternarcotics, and military affairs.

The 2023 Xi-Biden Meeting: A Summary of the Discussions and Future Trends

11/16/2023

The high-profile meeting between China’s President Xi Jinping and US President Joe Biden in underway. This Op-ed article from Chris Devonshire-Ellis discusses the underlying issues at stake.

US-China Relations in the Biden Era: A Timeline

11/16/2023

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

Tax & Accounting

A Guide to Accounting and Audit in China 2024 – New Publication from China Briefing

11/28/2023

In A Quick Guide to Accounting and Audit in China 2024, we highlight the importance of audit and compliance process to businesses to survive and thrive in a growing volatile, unexpected, complex, and ambiguous (VUCA) world.

Greater Bay Area Preferential IIT Subsidy for Foreign Talent in 2023 (Dongguan City Opens Application)

11/28/2023

Dongguan has opened the GBA IIT subsidy application this year on November 15, 2023. The application can be submitted through the designated system until December 25, 2023, after which the system will close.

Making Outbound Payments from China to Overseas Headquarters: Challenges and Common Risks

11/23/2023

We discuss the challenges and common mistakes associated with outbound payments from China, focusing on non-trade foreign exchange payments. Outbound payments receive close scrutiny from China's tax and foreign exchange authorities.

How to Localize Your Global ERP to China

11/21/2023

Localized configurations are necessary when expanding your global ERP to China, either to meet local mandatory requirements or to secure optimal outcomes for your China operations.

Asia Transfer Pricing Brief: Q3 2023

11/17/2023

In our first Asia Transfer Pricing Brief, for Q3 2023, we provide the latest transfer pricing updates from Singapore, Malaysia, and India.

China Monthly Tax Brief: October 2023

11/07/2023

In October 2023, seven provinces and cities in China, including Beijing, Hunan, Shandong, Anhui, Qinghai, Ningxia, and Guizhou, announced pilot programs for fully digitalized e-fapiao. We discuss how companies can prepare in this month's China tax brief.

Legal & Regulatory

New Inspection Regime for Hong Kong Companies: Phase 3 from December 27, 2023

11/27/2023

Phase 3 of Hong Kong's New Inspection Regine will commence on December 27, 2023. Concerned individuals can apply to the Companies Registry to withhold their relevant information from public inspection.

China Cybersecurity and Data Protection Regulations - 2023 Recap and 2024 Outlook

11/22/2023

How have data protection regulations developed over the past year? We summarize the latest developments and discuss the future outlook of China's data regulations.

Apostille Convention Officially Takes Effect in China on November 7

11/15/2023

China's accession to the Convention simplifies authentication procedures required to use foreign documents for administrative matters in China. The Apostille Convention officially took effect in China on November 7, 2023.

Company Supervisors in China - Obligations, Liabilities and Legal Requirements

11/14/2023

Company supervisors play an important role in corporate governance in China and are a requirement for all almost all companies operating in the country.

China Travel Update - Customs Scraps Health Declaration Requirement for All Travelers from November 1

11/02/2023

Travelers leaving and entering China no longer need to fill in the Health Declaration Card as the last of the COVID-era travel requirements is lifted.

Cross-Border Dispute Resolution in China – New Issue of China Briefing Magazine

10/26/2023

In this edition of China Briefing Magazine, we introduce common scenarios where disputes may arise, challenges faced by foreign investors, as well as practical tips for optimal resolution within the Chinese context.

Industries

Understanding China’s New-Type Industrialization: An Explainer

11/29/2023

We discuss why China's new-type industrialization thrust is an opportune time for foreign businesses and investors looking to expand their presence in the Chinese market.

China's Outdoor Sports Industry: Growth Potential, Trends, and Opportunities

11/24/2023

We break down the factors driving growth in China's outdoor sports industry, including local preferences and demographic-linked habits. Foreign brands face growing competition from China firms but can customers at the premium and entry-level segments.

China's Machine Tool Industry: Market Trends and Opportunities

10/17/2023

China's machine tool industry, with a market value surpassing RMB 200 billion (approximately US$27.86 billion), heavily depends on foreign imports, creating diverse opportunities for global collaboration and investment, bolstered by substantial government incentives.

Investing in China's Multi-Billion-Dollar Pet Industry – Mongolia’s Opportunity to Shine

10/13/2023

China’s booming pet market implies huge opportunity to Mongolia’s pet food production and luxury pet fashion sectors.

Industrial Internet in China: How Policies Enable Latest Stage of Industry 4.0

10/13/2023

The Industrial Internet in China is viewed as a critical tool to foster technological advancements and high-end manufacturing. It has played a pivotal role in enhancing the output across the primary, secondary, and tertiary sectors of the economy.

China Releases Three-Year Action Plan for Metaverse Industry Development

09/25/2023

China unveiled a new metaverse action plan aimed at boosting economic growth, job creation, and innovation through intelligence technologies. We'll explore the plan's key points and its potential impact on China's economy and businesses.

HR & Payroll

Traveling to China After Reopening - What’s Changed?

11/29/2023

We offer the latest advice on traveling to China since the lifting of COVID-19 restrictions, from visas to testing to travel precautions.

China's Visa-Free Policies: Latest Updates

11/28/2023

With borders open again, we look at all of the China visa-free policies that are currently in place and clarify who is eligible to benefit from them.

Greater Bay Area Preferential IIT Subsidy for Foreign Talent in 2023 (Dongguan City Opens Application)

11/28/2023

Dongguan has opened the GBA IIT subsidy application this year on November 15, 2023. The application can be submitted through the designated system until December 25, 2023, after which the system will close.

China Visa-Free Entry from December 1, 2023, to November 30, 2024: See Country List

11/24/2023

China has announced a unilateral visa-free entry policy for holders of ordinary passports from France, Germany, Italy, the Netherlands, Spain, and Malaysia, during the period from December 1, 2023, to November 30, 2024.

China's 72/144-Hour Visa-Free Transit Policy Expanded To 54 Countries, Norway Added

11/17/2023

China’s 72/144-hour visa-free transit policy has been expanded to 54 countries. Norway was added to the list starting from November 17, 2023.

Employees Leave Management in Guangdong: New Regulations

11/10/2023

We address FAQs on the updated regulation on employees leave management in Guangdong, effective retrospectively from July 1, 2023.

Technology

Understanding China’s New-Type Industrialization: An Explainer

11/29/2023

We discuss why China's new-type industrialization thrust is an opportune time for foreign businesses and investors looking to expand their presence in the Chinese market.

China Cybersecurity and Data Protection Regulations - 2023 Recap and 2024 Outlook

11/22/2023

How have data protection regulations developed over the past year? We summarize the latest developments and discuss the future outlook of China's data regulations.

How to Localize Your Global ERP to China

11/21/2023

Localized configurations are necessary when expanding your global ERP to China, either to meet local mandatory requirements or to secure optimal outcomes for your China operations.

US-China Relations in the Biden Era: A Timeline

11/16/2023

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

China Monthly Tax Brief: October 2023

11/07/2023

In October 2023, seven provinces and cities in China, including Beijing, Hunan, Shandong, Anhui, Qinghai, Ningxia, and Guizhou, announced pilot programs for fully digitalized e-fapiao. We discuss how companies can prepare in this month's China tax brief.

E-Invoicing in China 2023: Expansion of the Fully Digitalized E-Fapiao Program (Updated)

11/07/2023

We discuss the expansion of e-invoicing in China as the digital e-fapiao program widens its pilot roll-out with unique features.

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The BRICS is Expanding, Should The United States Be Concerned?

November 16th, 2022 Read Article
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