In this article, we look into the economic relationship between New York and China. New York State is increasingly reliant on China as a consumer of services and manufactured goods. In 2014, New York exported approximately US$4 billion to China, making it the state’s sixth largest export market.
One of the most challenging tasks for foreign investors in China might be to fully understand the financial statements prepared for their entities. In this article, we walk investors through the accounting practice in China, as well as explain the differences between China’s tax system and Chinese GAAP.
China reduces social security contributions for employers, Shanghai promotes the creation of start-up incubators, Beijing facilitates the buying of apartments by expats and asset appraisal companies no longer need a minimum registered capital.
The rapid development of China’s aviation industry has created new investment opportunities for foreign companies looking to enter the Chinese market. As China continues to develop its aviation industry, airport construction has also attracted the attention of the government.
Cascade Asia reports every month on labor development in China, with July featuring high temperature subsidies for employees during the summer months, and policies to encourage migrant workers to return home and set up small businesses.
Building a Chinese version of your company’s website is the first step in any e-commerce strategy. A strong website, tailored to the Chinese consumer, will give your business more credibility as customers search for products on a search engine or e-commerce platform.