The Robotics Industry in China

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By I-Ting Shelly Lin

Industrial-robots

 

China has been the world’s largest industrial robot market for four consecutive years. In 2016, China had a total sales volume of almost 90,000 units – a 27 percent increase compared to 2015 and representing 30 percent of the global market.

According to the International Federation of Robotics (IFR), China has had the most industrial robots in operation globally since 2016. By 2020, China is expected to produce 150,000 industrial robot units and have 950,300 industrial robots in operation.

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Taxes in ASEAN, e-Commerce in India, and Textiles in Vietnam – Asia Investment Brief

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Our weekly round up of other news affecting foreign investors throughout Asia:

ASEAN BRIEFING

The 2018/19 ASEAN Tax Comparator

The latest issue of ASEAN Briefing Magazine titled, “The 2018/19 ASEAN Tax Comparator“, is out now and available to subscribers as a complimentary download in the Asia Briefing Publication Store.

INDIA BRIEFING

e-Commerce in India: Market Trends and Regulations

In this article, we discuss some of the major drivers shaping the momentum in favor of e-commerce in India, as well as key legal and regulatory considerations for online businesses.

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Cross Border e-Commerce in China: Regulatory Updates and Trends

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By Dezan Shira & Associates
Editor: Qian Zhou

With cross border e-Commerce (CBEC) taking an increasing bigger share of the total import and export market, it is of no surprise that the government has taken CBEC regulations more seriously. As consumer complaints and industry speculation over unfair competition increase, regulatory authorities have taken notice.

Foreign companies seeking to pursue business opportunities in China’s booming CBEC market, especially those do not have a business entity in China, need to closely examine the fast changing CBEC rules and regulations.

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Withholding Corporate Income Tax in China

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By Dezan Shira & Associates

In China, withholding Corporate Income Tax (CIT) is applied to the following China-sourced incomes derived by non-resident enterprises without establishments in China, or to that derived by non-resident enterprises with establishments in China but whose income is not related to these establishments:

  • Dividends, bonuses, and other equity investment proceeds;
  • Interests, rents, and royalties and income from the transfer of property; and
  • Any other incomes subject to CIT obtained by non-resident enterprises.

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China to Shorten Business Registration and Construction Project Approval Processes

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By I-Ting Shelly Lin

China-Regulatory-Brief

 

On May 2, China’s State Council announced plans to shorten the business registration process for newly-established companies from 20 days to 8.5 days and to reduce the approval time for construction projects from 200+ days to 120 days.

Expedited business registration will first be implemented in municipalities directly under the central government (Beijing, Chongqing, Tianjin, and Shanghai), planned cities, sub-provincial cities, and provincial capitals this year. These regions include Dalian, Guangzhou, Hangzhou, Qingdao, Ningbo, Xiamen, and Shenzhen, among many others.

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Cloud Technology in China: What Businesses Need to Know

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By Bradley Dunseith

Cloud-computing-China

 

China’s cloud technology industry is expected to grow to US$103 billion by 2020 as companies continue to digitize their business data and internal systems. The growing demand for cloud technology has led to both domestic and foreign IT companies rolling out new cloud services for Chinese consumers and businesses.

Data centres in China are not connected internationally as they are in nearly every other country. Local laws and regulations in China create both unique challenges and important considerations for businesses migrating and managing cloud technology in the country.

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FinTech in Singapore, Tourism in India, and Internet Regulations in Vietnam – Asia Investment Brief

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Our weekly round up of other news affecting foreign investors throughout Asia:

ASEAN BRIEFING

Singapore Announces New FinTech Fast Track Initiative

Last week, the Intellectual Property Office of Singapore (IPOS) launched a new financial technology (FinTech) Fast Track initiative that provides an expedited patent application-to-grant process for financial technology innovations.

INDIA BRIEFING

India’s Tourism Sector: New Investment Opportunities Emerge as Market Segments Widen

India’s travel and tourism industry generated US$91.3 billion (Rs 5,949 billion) in 2017, and is projected to double over the next decade. Foreign spending alone accounted for US$26 billion (Rs 1,961 billion) last year.

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China Eases Foreign Ownership Limits of Securities and Fund Management Firms

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By Alexander Chipman Koty

Guangzhou-finance

 

China recently released a series of measures to ease foreign investment restrictions in the securities, fund management, insurance, and banking industries.

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