| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | On September 30, 2024, China announced the new Network Data Security Management Regulations, effective next year. These regulations will significantly impact how businesses handle data, with stricter guidelines for personal information protection and cross-border transfers, ultimately providing individuals with greater control over their data rights. | | | | | Zhejiang recently increased its paid marriage leave to 13 days from three days, to encourage marriage and support population growth. We introduce the changes stipulated in Zhejiang’s new regulations and provide a complete table of marriage leave across China’s major provinces. | | | | | 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. | | | | | The economic interdependence between China and Australia remains strong, and shared interests in areas such as e-commerce, sustainability, and climate change offer emerging avenues for cooperation. While strategic differences persist, both nations have shown a willingness to engage constructively and rebuild their economic partnership. | | | | | As China’s third-largest trading partner in the Nordic region, Finland has maintained a trade surplus with China, which has been its largest trading partner in Asia for over two decades. Major Finnish corporations, including Nokia, Wärtsilä, UPM-Kymmene, Stora Enso, and KONE, have established substantial investment projects in China. Concurrently, Chinese investments in Finland have been on the rise, reflecting a deepening economic interdependence. | | | | | In 2023, bilateral trade reached approximately RMB 416.93 billion (US$57.34 billion), with China accounting for significant Swiss exports, particularly in pharmaceuticals and machinery. Swiss companies such as Nestlé, Novartis, and UBS have made substantial investments in China, contributing to a diverse range of industries. |
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COMPLIMENTARY BUSINESS RESOURCES: |  | | | As Vietnam boosts its global trade role, this Vietnam Briefing edition covers key import-export regulations, customs procedures, on-spot export regimes, and VAT rules, along with insights on documentation, processing times, and VAT refunds. | | | | | This issue of ASEAN Briefing offers an overview of Indonesia's labor market, covering local employment laws, key trends, and emerging sectors, providing insights into workforce dynamics and opportunities in the country. | | | | | India's service sector drives growth and attracts FDI with its market potential, skilled labor, and policies. This issue explores performance, key FDI segments, and strategies for foreign firms. |
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UPCOMING EVENTS FOR ASIA: | | | In-Person & Online | Wednesday 15 October 2024 | International Chamber House, Level 5, 121 Exhibition Street, Melbourne | 3.00pm - 4.30pm AEDT / 12:00 pm - 1:30pm China Time | | | | | Webinar | Tuesday, October 15, 2024 | 4:00 PM China / 3:00 PM Vietnam / 10:00 AM CEST / 9:00 AM UK | | | | | Hybrid | Friday, October 25, 2024 | 16:00-18:00 China time / 9:00-11:00 CET time |
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