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Opportunities for Foreign Investors in China’s Service Industries After COVID-19

Published: June 2020

Having suffered through the worst of the COVID-19 outbreak in the initial months of the year, China now offers the world a way to move forward. Key lessons for enterprises in China include the digitization of all contact-facing operations to the utmost extent possible, refitting core company assets, redirecting resources to adapt to new market changes, and either expanding the scope of business through technology solutions or withdrawing to core operation strengths. In this edition of China Briefing Magazine, we focus on how key industries in the services sector have entered into a new normal in 2020. We also provide an overview of new opportunities available for foreign investors as a result of the disruption. Finally, we spotlight two major industries impacted by COVID-19 in China, healthcare and food and beverages.


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Operating Your China Business During a Crisis and Contagious Disease Outbreaks

Published: March 2020

Businesses across China were disrupted early this year due to the novel Covid-19 outbreak. The nature of this outbreak has led to some fast-thinking on the part of business organizations throughout the world – who have had to balance the quarantine conditions imposed with the need to resume normal work processes and await resumption of supplies. In this special edition of China Briefing magazine, we identify key concerns for business managers during such crises, including managing a remote workforce, using IT solutions to navigate business operations more efficiently and securely, and addressing the legal risks in case contractual obligations are not satisfied.


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Corporate Sustainability in China

Published: December 2019

Faced with the new reality of a slowing economy and ongoing environmental issues, China now sees sustainability as essential to ensuring long-term viability for both its economy and its citizens’ quality of life. As the issue of sustainability gains traction in China and around the world, businesses are entering into a new era of accountability. Customers, clients, stakeholders, and the government now demand businesses be accountable for polluting behavior. In this issue of China Briefing we explain how a sustainability strategy benefits your business and take a closer look at how businesses have already started shifting towards sustainability.


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How to Close a Business in China

Published: December 2019

Companies in China may want to end their operations for various reasons. Irrespective of what factors might trigger this decision to shut down the business, investors cannot simply walk away without following proper closure procedures. Not properly closing the company will not only attract stringent penalties from the government’s tax and regulatory bodies, but also do lasting damage to the reputation of the company. Moreover, the legal representative and the financial associates of the entity will face difficulty in various occasions. In this issue of China Briefing magazine, we walk foreign investors through the process of closing down their company in China.


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Ежегодный Аудит и Соответствие по Отчетности в Китае

Published: October 2019

В этом выпуске Китай Брифинг мы рассказываем иностранным компаниям о процессе ежегодного аудита и соблюдении требований от начала и до конца. Мы начнем с того, что ответим на общие вопросы, которые задают иностранные инвесторы о ежегодном аудите в Китае, потом мы предложим подробное пошаговое руководство по прохождению данного процесса. А в конце мы предложим шесть рекомендаций для бизнеса, которые позволят лучше провести ежегодный аудит и максимально использовать его возможности.


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Как Выводить Прибыль из Китая?

Published: October 2019

В этом выпуске журнала «Китай Брифинг» мы предлагаем иностранным инвесторам руководство по управлению процессом репатриации прибыли. Мы начнем с обзора наиболее распространенных методов репатриации прибыли,используемых в Китае, разберем плюсы и минусы каждого метода. Затем мы опишем проведение сложных и обширных процедур для соответствия требованиям, которые необходимы для вывода прибыли за границу. Наконец, мы проанализируем, как предприятия могут использовать Соглашение «Об избежании двойного налогообложения», чтобы максимизировать свою прибыль. Этот журнал основан на обширном опыте по упрощению и оптимизации трансграничных транзакций Дезан Шира и Партнеров.


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Back Office Automation in China

Published: October 2019

Automation in the professional services segment – the use of information technology to automate basic business processes – is making steady gains across mid- to large-size firms, increasing the ability of business leaders to transform their operational efficiency and profitability. In this issue of China Briefing, we explain how business leaders can prepare for automation by implementing simple, cost-effective solutions. We first explain the concept of services automation and how it can be used in administering back office functions. Next, we focus on what this automation of back office departments looks like, specifically for HR administration and payroll processing and finance and accounting. Lastly, we answer some frequently asked questions.


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The New Foreign Investment Law in China

Published: July 2019

China has faced a deluge of international criticism over its treatment of foreign businesses and the perceived slow pace of market opening over the past year. Looking to restore the confidence of foreign investors, China passed a new Foreign Investment Law in March this year. The law establishes a new framework to govern foreign investment in China and addresses a number of common concerns among overseas businesses. Critics, however, have questioned the extent to which the law addresses these issues in practice, pointing to the law’s at times broad and vague language. To make sense of the changes, this issue of China Briefing magazine offers a comprehensive analysis of China’s new Foreign Investment Law.


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China’s New IIT Rules: A Guide for Employers

Published: February 2019

China introduced the biggest changes to its individual income tax (IIT) system since at least 2011 with the passing of a new IIT law in 2018. The new law brought forward a host of changes to individual taxation in China, including by revising tax brackets, expanding deductibles, and altering residency rules for foreign workers. The quick and unclear rollout has left individuals and businesses scrambling to make sense of the changes. To help foreign investors and taxpayers understand the ins and outs of the updates, this issue of China Briefing offers a comprehensive guide to China’s IIT reforms.


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Annual Audit and Compliance in China

Published: December 2018

The start of a new year tends to be a hectic time for foreign companies in China. During this period, businesses must also begin to prepare their annual statutory audit – if they have not started to do so already. The answer to limiting exposure to these risks is internal control. In this issue of China Briefing magazine, we walk foreign businesses through the annual audit and compliance process from start to finish. We begin by answering the common questions that foreign investors ask about annual audit in China, before offering a comprehensive step-by-step guide to completing the process. Finally, we offer six recommendations for businesses to better conduct annual audit and make the most out of the opportunity.



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