With Chinese President Xi Jinping’s India visit having come to an end, it is an opportune moment to draw some conclusions about the directions both are heading, including developments that will have a significant impact on foreign manufacturers and investors in China.
Asia Briefing and Dezan Shira & Associates are pleased to announce the forthcoming publication of Tax, Accounting, and Audit in China 2014-2015, our most up-to-date and comprehensive guide to taxation in China (preview available).
One often overlooked feature of the Shanghai FTZ is the unique advantages it affords foreign investors for transferring funds between their China domestic and overseas entities via two-way cash pooling, allowing them to deploy greater liquidity, more efficiently manage finances, or obtain a better deposit rate than in the revenue’s country of origin.
Over the next five to ten years, China will increase the size of its general aviation fleet by roughly 30 percent annually, a total value of $159 billion, leading to considerable opportunities for foreign investment in the country’s aerospace and aviation industry.
Several major cities in Guangdong, including Shenzhen, Dongguan and Guangzhou, recently released details on their average wages in 2013, which are used as the base figures to calculate the minimum and maximum contributions to social insurance and housing funds for employees.