Xi Jinping recently suggested that China might sign a Free Trade Agreement with the world’s least developed countries. With ASEAN member states already covered under the existing agreement, the new plan would mainly target African nations.
The recent clarification by China’s tax authorities to require overseas affiliates to perform substantial business activities all but shuts the door on the practice of funneling profits to low-tax jurisdictions. In this, China is taking a tougher stance than even the OECD.
In this week’s China Regulatory Brief, we discuss record-filing procedures for foreign investment in the Free Trade Zones, liberalized bank card clearing market, simplified company name registration procedures in Shenzhen city and the new IP circuit court in the Guangdong FTZ.
While the use of robotics in China is not as widespread as in more developed countries, China is quickly picking up. With labor costs rising, replacing humans with robots is becoming an increasingly sensible proposal, especially for repetitive or precise tasks.
In this article, we go into the probation period in Chinese labor contracts. A feature that is somewhat unfamiliar to foreign investors, the probation period lets an employer pay a new employee a lower salary, and allows for a lower bar to dismissal.
The Chinese English language blog community has always been competitive, and has accordingly alternated between intelligence dissemination and occasional name-calling. Hopefully, the days of the latter are a long way behind as contributors recognize that an increasing trend of specialization is becoming key.