We cover the latest economy and trade, legal and tax updates, industry insights, and HR and payroll news that are most relevant to doing business in China. Here are our top China news summaries.
Shanghai Lingang New Area Releases Whitelists for Data Export, Facilitating Cross-Border Data Flows
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.
Tianjin Free Trade Zone Releases China’s First Negative List for Cross-Border Data Transfer
The Tianjin Free Trade Zone has released China’s first data Negative List outlining the types of data that must undergo a security review by China’s cybersecurity bureau to be transferred out of China.
China’s New Measures to Support Foreign Investment in Sci-tech Firms
China seeks to attract sci-tech foreign investment by relaxing rules, fostering partnerships, and enhancing the investment climate.
Shenzhen’s Qianhai Cooperation Zone Expands Preferential IIT and CIT Policies
The Shenzhen Municipal Tax Bureau, Shenzhen Municipal Finance Bureau, and State Tax Administration have issued two notices broadening tax incentives for individuals and companies in the Qianhai Cooperation Zone.
2024 China National Day Holiday Guide: Rest Days, Work Schedule, and Overtime Pay
The 2024 China National Day holiday is just around the corner. This article outlines the official holiday and work adjustment schedule released by the Chinese government, as well as the guidelines for salary payments and overtime pay during this period.
China-Australia Economic Ties: Trade, Investment, and Latest Updates
We discuss the China-Australia bilateral relationship and future possibilities and challenges facing trade and investments between the two markets.
China-Finland Economic Ties: Trade and Investment Highlights
China and Finland have established a robust economic partnership driven by bilateral trade and investment, focusing on key sectors like technology, clean energy, and sustainable development. Despite recent trade challenges, both countries continue to strengthen ties through innovation and collaborative projects.
China-Switzerland Economic Ties: Trade and Investment Highlights
China and Switzerland’s economic ties have grown, with trade exceeding RMB 416.93 billion (US$57.34 billion) in 2023. The Free Trade Agreement, currently under update, strengthens key sectors like pharmaceuticals, machinery, and luxury goods.
China-Thailand Economic Ties: Trade and Investment Opportunities
China and Thailand maintain a robust economic relationship, with bilateral trade reaching US$126.3 billion in 2023. China is Thailand’s largest trading partner and top foreign investor, supported by partnerships such as the ASEAN-China FTA and RCEP.
Accounting Digitalization in China: Managing the Impact of Fully Digitalized E-Fapiao and the New Accounting Law
China’s accounting is transforming with digitalization of the e-fapiao and the new Accounting Law, improving efficiency and compliance. Enterprises must adopt digital tools for accurate financial management and regulatory adherence.
Navigating China’s F&B Market: Key Growth Trends and Opportunities
China’s F&B market offers significant growth opportunities, attracting foreign companies despite intense competition. Success depends on adapting to evolving consumer trends and driving innovation.
China’s August 2024 Economy: Record Export Growth Amid Domestic Challenges
In August, China saw a notable surge in exports, highlighting strength in foreign trade, while industrial production and fixed asset investment lagged overall.