| Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | China’s outbound investment (ODI) is surging from already-record levels. In 2023, China’s ODI rose by 8.7 percent to reach US$177.3 billion. In the first eight months of 2024, investment from China into other countries rose by 12.5 percent year-on-year in yuan terms. | | | China has announced a significant push towards large-scale Vehicle-to-Grid (V2G) pilot projects. We discuss the opportunities that these developments present for investors while addressing the key challenges in this fast evolving market. | | | China’s tax authority has reminded taxpayers that they can apply for super deduction of R&D expenses incurred for the first three quarters of 2024 during the October filing period. We address some frequently asked questions on the filing timelines, methods of claiming the deduction, and how to complete the filing. | | | China’s Supreme People’s Court (SPC) has issued a judicial interpretation, which clarifies the tort liability compensation in labor relations and dispatches, among others. | | | China and India recorded bilateral trade worth US$136.2 billion in 2023, with a 6 percent increase observed in Indian exports to China. Both nations remain committed to deepening economic ties through mutual investment and cooperation. | | | China is New Zealand’s largest trading partner, export market, and source of imports. In 2023, the bilateral trade volume reached nearly NZ$38 billion (approx. US$23 billion), quadrupling since the free trade agreement came into effect in 2008. |
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COMPLIMENTARY BUSINESS RESOURCES: | | | 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. | | | In this issue of China Briefing magazine, we delve into the most effective cost reduction strategies observed in Chinese business practices, encompassing both immediate cost-saving measures and long-term approaches to boost operational efficiency and competitiveness. | | | 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. |
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UPCOMING EVENTS FOR ASIA: | | Conference | October 24-25, 2024 | Beijing, China | | | Webinar | Wednesday, October 23, 2024 | 4:00 PM China / 3:00 PM Vietnam / 10:00 AM CET | | | Hybrid | Friday, October 25, 2024 | 16:00-18:00 China time / 9:00-11:00 CET time |
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