Shanghai: The Economic Nexus of China
Situated in the Yangtze River Delta (YRD) in east China, Shanghai aims to be the world’s global financial and economic center and international transport hub by 2020. In this article, Rainy Yao from Dezan Shira & Associates takes a closer look at this modern metropolis with its well-developed infrastructure and sound investment environment
China Regulatory Brief: Injury Insurance in Guangzhou, Annual Inspections in Dongguan and Container Export Refunds
In this week’s China Regulatory Brief, we discuss work-related injury insurance in Guangzhou, the establishment of a workforce protection fund in the Shenzhen SEZ, the exemption of import tariffs on Australian coal, and Dongguan’s implementation of a revised timeframe for annual reporting.
Hong Kong’s Absorption into Mainland China
The recent unrest in Hong Kong is not so much directly about democracy, but the impact of decades of poor governance and neglecting the needs of Hong Kong’s population in terms of housing and commerce.
Case Study: Using the Shanghai FTZ to Access the Outbound Tourism Industry
A client in the tourism industry recently contacted Dezan Shira & Associates to advise them on how to best expand their scope of operations in the tourism industry. With the rise in income levels in China, outbound tourism has become one of the most profitable operations for travel agencies in China.
Cross-Border Forex Cash Pooling in the Shanghai FTZ
One often overlooked feature of the Shanghai FTZ is the unique advantages it affords foreign investors for transferring funds between their China domestic and overseas entities via two-way cash pooling, allowing them to deploy greater liquidity, more efficiently manage finances, or obtain a better deposit rate than in the revenue’s country of origin.
China Regulatory Brief: NOC Annual Reporting, China-Spain Trade Deals, New Measures for Domestic Delivery
In this week’s China Regulatory Brief, we discuss the coming implementation of an NOC annual reporting system, a swath of commercial deals signed last week between China and Spain, and liberalization of the domestic delivery industry in China.
Spotlight: Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone
In this article, we spotlight the Qianhai Shenzhen-Hong Kong Modern Service Industry Cooperation Zone (Qianhai), established in 2010 with the aim of serving as an experimental business zone for better interaction between Mainland China and Hong Kong in the financial, logistics, and IT services sectors.
Wuxi: The Birthplace of China’s Modern Industry
In this article, we take a look at how Wuxi is transforming itself from a textile manufacturing center into one of China’s high-tech industrial hubs.