| | Weekly business and foreign investment news roundup in Asia by Asia Briefing and Dezan Shira & Associates. |
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| | | | Following the initial announcement in September, China has released a detailed work plan for wholly foreign-owned hospitals in nine cities. This prompt follow-up demonstrates a strong commitment to opening up the healthcare sector and supporting foreign investment. | | | | | Effective December 1, 2024, foreign nationals entering China will no longer be required to obtain a physical ‘Foreigner’s Work Permit’. Instead, they can apply for an electronic social security card via a designated app. | | | | | Starting December 1, 2024, China has lowered the export tax rebate rate from 13 percent to 9 percent for 209 products, such as refined oil, photovoltaic products, and batteries, while eliminating the rebate policy for other 59 products. | | | | | From December 1, 2024, the annual confirmation for Individual Income Tax (IIT) special additional deductions begins. Individuals, including expatriates in China, should check their eligibility for these deductions. | | | | | Despite a declining working-age population, China’s workforce saw a 6.9 million job increase in 2023, driven by policies re-integrating older workers. | | | | | In the 2024-25 China Outbound Direct Investment (ODI) Tracker, China Briefing offers up-to-date data and insights on China’s outbound investment developments and trends. |
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COMPLIMENTARY BUSINESS RESOURCES: | | | | | With its strategic geographic position, rapidly expanding industrial infrastructure, and government initiatives aimed at enhancing the logistics environment, Vietnam offers a wealth of opportunities for both domestic and international investors. This issue of Vietnam Briefing Magazine will serve as a key resource for investors seeking to enter this dynamic market. | | | | | The ASEAN education market offers substantial foreign investment opportunities, driven by economic growth and reforms. This issue of ASEAN Briefing explores government initiatives to attract investments, highlighting emerging opportunities in Indonesia, Malaysia, Thailand, and Vietnam. | | | | | This India Briefing Magazine edition explores India’s evolving trade landscape, covering regulatory reforms, manufacturing clusters, and trade partnerships. It provides insights into structuring trading entities, leveraging industrial hubs for export production, and diversifying markets to boost competitiveness and mitigate geopolitical risks. |
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UPCOMING EVENTS FOR ASIA: | | | Webinar | Thursday, December 19, 2024 | 4:00 PM China / 9:00 AM CET / 8:00 AM UK | | | | | Webinar | Wednesday, January 22, 2025 | 4:00 PM China / 3:00 PM Vietnam / 1:30 PM India / 9:00 AM CET | | | | | Webinar, Wednesday, December 11, 2024, 2:30 PM Vietnam / 3:30 PM Singapore / 8:30 AM CET |
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