| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | In the first three quarters of 2024, China's GDP grew 4.8 percent year-on-year to RMB 94,974.6 billion (US$13,004.3 billion). Industrial output (of enterprises above the designated size) rose by 5.8 percent, and per capita disposable income increased by 5.2 percent, with a real growth of 4.9 percent after inflation. | | | | | China will implement new regulations on the export control of dual-use items starting December 1, 2024. The new regulations consolidate China’s existing export control rules and introduced a unified licensing mechanism. | | | | | China’s educational technology (EdTech) market reached US$133.9 billion in 2023. With a projected compound annual growth rate exceeding six percent through 2028, the sector presents significant growth potential. | | | | | The 2024 China International Import Expo (CIIE) will be held from November 5-10. This article provides a comprehensive guide on how foreign businesses and investors can participate. | | | | | Starting from December 1, 2024, China will implement a pilot water tax nationwide, replacing the current water fee charging mechanism. The cost burden of water usage will increase for high water-consuming industries and specific areas. | | | | | In Q3 2024, China's manufacturing GDP reached RMB 12.4832 trillion, accounting for 37.2 percent of total GDP. In September, manufacturing added value grew by 5.4 percent, the Manufacturing Purchasing Managers Index (PMI) was 49.8 percent, and industrial export delivery value was RMB 1.4099 billion, reflecting a 3.4 percent year-on-year growth. | | | | | The bilateral investment relationship between China and Türkiye presents significant opportunities across multiple sectors, including automotive, renewable energy, and infrastructure. In 2023, the total trade volume between the two countries reached US$43.4 billion. |
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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: | | | Hybrid | Friday, October 25, 2024 | 16:00-18:00 China time / 9:00-11:00 CET time | | | | | Webinar | Wednesday, October 30, 2024 | 9:00 AM Los Angeles / 11:00 AM Chicago / 12:00 PM New York / 5:00 PM Brussels | | | | | In-Person, Shanghai | Thursday, October 31, 2024 | 16:00-18:00 China / 19:00-21:00 AEDT |
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