Other Briefings
Concerns Grow over China’s Presence in Europe
By Vivian Ni Sept. 15 – Both Chinese and European newspapers have been reacting strongly to a land purchase plan in Iceland announced recently by Chinese industrialist Huang Nubo, but in different ways. While Chinese newspapers put up proud headlines highlighting the potential deal that would take up a staggering 0.3 percent of Iceland, European […]
Foreign Investors Blocked from China’s Online Payment Market?
By Vivian Ni Sept. 12 – China’s online payment market is undergoing major changes under the People’s Bank of China’s (PBC’s) requirement for a license from third party payment companies. As PBC regulations did not clarify what the threshold is for foreign investors in the field to obtain a license, foreign online payment companies will […]
Africa Welcomes China’s RMB Internationalization
By Vivian Ni Sept. 7 – More and more Chinese manufactured goods will be exported in the country’s local currency (the renminbi, or RMB), rather than in U.S. dollars, and Africa is becoming one of the first destinations to seek large scale RMB-denominated trades and investment. The progress China has made in its RMB internationalization […]
VAT General Taxpayer Status Important for FICEs
As regulations on representative offices tighten, the setting up of a FICE is becoming an increasingly popular choice for foreign investors who want to engage in import and export, as well as domestic distribution activities in China. It is critical for foreign investors to fully understand what they have to prepare in order to successfully register a FICE with the related Chinese authorities, it is also equally important for most of them to apply for the general tax (value-added tax or VAT) payer status after the completion of FICE registration so they can realize genuinely cost-effective operations.
China and U.S. Seek Closer Cooperation on Audit Oversight
By Vivian Ni Aug. 25 – The recent rash of accounting scandals associated with Chinese companies listed in the United States has caused both countries to look for more cooperation on audit oversight. Following the Sino-U.S. Symposium on Audit Oversight held last month in Beijing, recent reports indicate that officials from the China Securities Regulatory […]
Is Nokia’s China Kingdom Crashing?
Nokia, the Finnish multinational cell phone maker, may be losing its most solid stronghold – China. Faced with competition from other smartphone producers such as Apple and Samsung, Nokia’s sales in China are plummeting and local distributors are refusing to buy more of their handsets.
Where Will China Move as the Global Economy Dims?
By Vivian Ni Aug. 10 – Tightening or easing – it is the main question now facing Chinese policymakers. In China’s July economic statistics, the county’s elevated price index seems to be calling for a new round of tightening measures, but the stable yet decelerating industrial and investment growth has also been interpreted as a […]
Pearl River Delta’s Hengqin Island to Enjoy Free Trade Zone Treatment
By Vivian Ni Aug. 5 – Hengqin, the largest island in South China’s Zhuhai Special Economic Zone, is going to become a free trade zone modeled on Hong Kong. A report by Shanghai Securities News says Beijing has agreed to offer the area policies even more “special” than those given to special economic zones and […]
