Other Briefings
Macau’s Path to Economic Diversification
By Yao Lu Oct. 22 – The free flow of goods and services, money and capital has turned Macau into one of the most liberal trading regimes in the world. This free trade approach is of vital importance to the region’s economic survival as it boasts limited natural resources and a very small domestic market. […]
Guangzhou Releases Plan for VAT Pilot Collection
Guangzhou released the “Notice on the Plan for the Pilot Collection of Value-added Tax in Lieu of Business Tax in Transportation Industry and Certain Modern Service Industries” on October 12, aiming to promote the smooth implementation of the pilot collection.
Hong Kong’s Economic Standing Amid the Global Slowdown
By Yao Lu Oct. 17 – Long known for its openness and dynamism, Hong Kong boasts one of the most advanced economies in Asia, and in the world. The city has been ranked the world’s most competitive economy for the second consecutive year by the International Institute for Management Development and the world’s freest economy […]
China Releases Circular Concerning CEPA Implementation
China released the “ Circular Concerning the Issues on Implementing the ‘Ninth Supplement to the Mainland and Hong Kong Closer Economic Partnership Arrangement’ and ‘Ninth Supplement to the Mainland and Macau Closer Economic Partnership Agreement’” on September 27. The Circular is scheduled to take effect on January 1, 2013.
VAT Reform in Guangdong Province: A Transition to Value-Added Tax
Oct. 9 – Since its invention in France in 1954, value-added tax (VAT) has been implemented widely in more than 170 countries. China joined the wave in 1979 and set up the coexistence of business tax (BT) and VAT systems in its 1994 Tax Reform. However, this coexistence has caused confusion to business enterprises due […]
Vietnam vs. China Part I: Representative Offices
When considering Asia for your business operations, establishing an initial presence in Vietnam can be more economical than doing so in China By Rosario Di Maggio Jul. 30 – Many foreign investors operating in China today are looking at Vietnam as a sort of additional “province” or alternative hub to integrate into their current Chinese […]
New Hong Kong-Shenzhen Qianhai Zone Signs Deals Worth US$35 Billion
Jul. 19 – The new financial and modern services development zone in Qianhai, a Hong Kong-Shenzhen joint venture supported by the State Council, saw 37 firms sign contracts worth a total of RMB220 billion (US$34.54 billion) with officials from Qianhai in Hong Kong on Monday, according to the Shenzhen Daily. Of the 37 firms, 12 […]
Shenzhen Issues 2012 Salary Guide
Jul. 13 – The Shenzhen Municipal Bureau of Labor and Social Insurance recently issued the “Shenzhen Municipal Human Resources Market Salary Guide (2012) (hereinafter referred to as ‘Salary Guide’).” The data in the Salary Guide is based on random surveys of employees across different industries in the city. Shenzhen’s overall high, median and low monthly […]
