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Economy & Trade

China-Bulgaria Economic Ties: Trade, Investment, and Opportunities

12/21/2024

This article closely examines the bilateral trade and investment relationship between China and Bulgaria, exploring potential opportunities for future cooperation.

China’s Economy in November 2024: Mixed Signals amid Persistent Challenges

12/18/2024

China's economy showed mixed performance in November 2024, with industrial production and exports showing resilience, while retail sales and fixed asset investment underperformed, amid ongoing challenges.

Hong Kong Public Holidays 2025

12/16/2024

Hong Kong will observe 17 public holidays in 2025, including five long weekends for Lunar New Year, Ching Ming Festival, Easter, the Birthday of the Buddha, and Christmas.

China’s Central Economic Work Conference (CEWC): Key Takeaways and Priorities for 2025

12/16/2024

The 2024 China’s Central Economic Work Conference (CEWC) outlined China’s economic priorities and strategies for 2025.

China-Sweden Economic Relations: Trade, Investment, and Opportunities

12/10/2024

China and Sweden are each other’s largest trading partners in Asia and Northern Europe, with notable Swedish exports including pharmaceuticals, machinery, and transport equipment.

US-China Relations in the Biden Era: A Timeline

12/09/2024

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

Tax & Accounting

Financial Analysis and Cost Audits: Identifying Cost Inefficiencies

12/12/2024

Identifying cost inefficiencies is crucial for cost reduction, with financial analysis and cost audits serving as key tools. Cost audits also play a vital role in ensuring the sustainability of these optimization measures.

China Monthly Tax Brief: November 2024

12/06/2024

In this monthly China tax brief for November 2024, we spotlight policies and measures just announced or scheduled for implementation.

Navigating China’s Latest Export Tax Rebate Adjustments: What Are the Implications?

12/04/2024

Starting December 1, 2024, China lowers the export tax rebate rate from 13 percent to 9 percent for 209 products such as refined oil, photovoltaic products, and batteries while eliminates the rebate policy for other 59 products.

Annual Confirmation for China IIT Special Additional Deductions Starts on December 1

12/02/2024

From December 1, 2024, the annual confirmation for Individual Income Tax (IIT) special additional deductions begins. Individuals, including expatriates in China, should check their eligibility for these deductions.

E-Invoicing in China: National Rollout of Fully Digitalized E-Fapiao Starting December 1

11/26/2024

The STA has announced the nationwide rollout of fully digitalized electronic invoices, set to begin on December 1, 2024, following the success of pilot programs.

Tax Digitalization in China: Impact on Corporate Tax Risk Management

11/21/2024

This article explores the impact of tax digitalization on businesses in China, emphasizing the evolving dynamics of tax risk management, particularly regarding data supervision.

Legal & Regulatory

China Unveils Its First Set of Basic Standards for Corporate Sustainability (ESG) Disclosure

12/23/2024

In December 2024, China introduced a Basic Standards of its Corporate Sustainability Disclosure Standards, aiming to guide businesses in aligning their sustainability practices with global ESG expectations.

Closing a Company in China: General Deregistration vs. Simplified Deregistration

12/19/2024

This article highlights the differences between the general and simplified procedures when deregistering a company, explains the eligibility criteria, and clarifies common misunderstandings about these processes.

Encouraged Catalogue for Western China 2025: Trends and Opportunities

12/11/2024

China has unveiled the latest Encouraged Catalogue for Western China 2025, in a bid to lure investment into prioritized areas of its vast western region.

New Guide for Cross-Border Personal Data Transfers in the GBA: A Roadmap for Compliance and Security

12/09/2024

The Technical Committee for Information Security Technology (TC260) has released a new guide to standardize cross-border personal data transfers between the Chinese Mainland and Hong Kong within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). This guide introduces enhanced security standards and mutual recognition mechanisms, aiming to facilitate smoother data flows while ensuring robust protection of personal information.

China Expands Access for Wholly Foreign-Owned Hospitals: 9 Cities Open for Investment

12/03/2024

China's new policy allows wholly foreign-owned hospitals in 9 key cities, aiming to modernize healthcare, attract global expertise, and meet rising demand.

China Opens Doors to Foreign Investment in Cell Therapy and Wholly Foreign-Owned Hospitals in Pilot Cities

11/29/2024

China has initiated a new round of foreign investment relaxation pilots in selected cities, permitting foreign investment in cell and gene therapy as well as wholly foreign-owned hospitals.

Industries

China Expands Private Pension Scheme Nationwide Following Two-Year Pilot Program

12/13/2024

After a two-year pilot program, China has officially expanded its private pension scheme nationwide. Starting December 15, 2024, workers nationwide can participate in this supplementary pension scheme.

China Expands Access for Wholly Foreign-Owned Hospitals: 9 Cities Open for Investment

12/03/2024

China's new policy allows wholly foreign-owned hospitals in 9 key cities, aiming to modernize healthcare, attract global expertise, and meet rising demand.

Key Considerations for Entering China’s Healthcare Market

11/29/2024

The healthcare market in China presents an alluring opportunity for global investors, but it is highly regulated and fiercely competitive. We discuss key business prospects and strategic considerations for foreign investors.

China Opens Doors to Foreign Investment in Cell Therapy and Wholly Foreign-Owned Hospitals in Pilot Cities

11/29/2024

China has initiated a new round of foreign investment relaxation pilots in selected cities, permitting foreign investment in cell and gene therapy as well as wholly foreign-owned hospitals.

Capitalizing on China's Organic Boom: Certification, Trends, and Opportunities

11/27/2024

China's organic product market is the third largest globally. Understanding the certification process and trends is crucial for stakeholders looking to capitalize on the lucrative opportunities.

China's New Renewable Energy Plan: Key Insights for Businesses

11/26/2024

China's new renewable energy plan aims to significantly boost the country’s renewable energy consumption, setting ambitious targets for 2025 and 2030.

HR & Payroll

China Upgrades 144-Hour Visa-Free Transit to 10-Day Stay, Adds 21 Ports

12/17/2024

China expands visa-free transit policy from December 17, 2024, allowing eligible foreign travelers to stay up to 240 hours (10 days). The update also adds 21 ports, bringing the total to 60 across 24 provinces.

China's Visa-Free Policies: Latest Updates

12/17/2024

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.

Hong Kong Public Holidays 2025

12/16/2024

Hong Kong will observe 17 public holidays in 2025, including five long weekends for Lunar New Year, Ching Ming Festival, Easter, the Birthday of the Buddha, and Christmas.

China Expands Private Pension Scheme Nationwide Following Two-Year Pilot Program

12/13/2024

After a two-year pilot program, China has officially expanded its private pension scheme nationwide. Starting December 15, 2024, workers nationwide can participate in this supplementary pension scheme.

China’s Workforce Dynamics and Regional Trends

12/05/2024

Despite a declining working-age population, China's workforce saw a 6.9 million job increase in 2023, driven by policies re-integrating older workers.

Annual Confirmation for China IIT Special Additional Deductions Starts on December 1

12/02/2024

From December 1, 2024, the annual confirmation for Individual Income Tax (IIT) special additional deductions begins. Individuals, including expatriates in China, should check their eligibility for these deductions.

Technology

New Guide for Cross-Border Personal Data Transfers in the GBA: A Roadmap for Compliance and Security

12/09/2024

The Technical Committee for Information Security Technology (TC260) has released a new guide to standardize cross-border personal data transfers between the Chinese Mainland and Hong Kong within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). This guide introduces enhanced security standards and mutual recognition mechanisms, aiming to facilitate smoother data flows while ensuring robust protection of personal information.

US-China Relations in the Biden Era: A Timeline

12/09/2024

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

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

12/03/2024

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

E-Invoicing in China: National Rollout of Fully Digitalized E-Fapiao Starting December 1

11/26/2024

The STA has announced the nationwide rollout of fully digitalized electronic invoices, set to begin on December 1, 2024, following the success of pilot programs.

China New Pilot Program Removes Foreign Ownership Caps on Telecom and Data Centers

10/30/2024

China officially launched a new pilot program which allows 100 percent foreign ownership of data centers and value-added telecom services.

China Issues New Regulations on Network Data Security Management, Effective January 1, 2025

10/02/2024

On September 30, 2024, China announced the new Network Data Security Management Regulations, effective January 1, 2025, aimed at enhancing data security and privacy while establishing compliance requirements for both domestic and international entities.

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

November 16th, 2022 Read Article
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