China Investment Roadmap: the Education Sector – New Issue of China Briefing Magazine

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CB August cover 250 x 350The latest issue of China Briefing Magazine, titled “China Investment Roadmap – the Education Sector“, is out now and available to subscribers as a complimentary download in the Asia Briefing Bookstore through the month of August.

Contents

  • Knowledge is Power: Understanding the Education Market in China
  • Investing in China’s Education Industry
  • China’s New NGO Law and its Impact on FDI into the Higher Education Industry

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City Spotlight: Investing in Dongguan

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By Dezan Shira & Associates
Editor: Dominik GrossalberDongguan

The Dongguan of old, focused on the manufacturing of cheap, low-tech products, is currently transforming into a new, modern hub for the production of higher value goods. As this is happening, many established light manufacturing companies, sometimes present in the city for over 20 years, are moving away. This is part of a China-wide trend as the country seeks to move up the manufacturing value chain.

In 2015, Dongguan’s high tech manufacturing industry grew by 10.2 percent and automobile manufacturing grew by 8.5 percent, reflecting the growth of value-added manufacturing in the city. Meanwhile, textiles decreased by 4.3 percent and household electrical appliance manufacturing grew by just 2.4 percent, as lower value-added industries witnessed comparatively sluggish performance.

The Dongguan government has promised to support the shift to manufacturing higher value-added products and has targeted several strategic industries as a part of this effort, including high-end electronics, biotechnology, new-generation internet, and 3D printing. Additionally,  Dongguan is seeking to become China’s center of robotics and automated manufacturing technology, positioning itself as a crucial spot of the changing landscape of Chinese manufacturing. While Dongguan’s new economic strategy is taking form, it is also interesting to look at why low-tech manufacturing is leaving in the first place and where it is going.

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Cutting Through the Red Tape: CFDA Plans to Accelerate the Review Process for Medical Devices

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By Dezan Shira & Associates
Editor: Xiao Anna Wang

On June 20, 2016, the China Food and Drug Administration (“CFDA”) proposed the “Priority Review Designation Procedure for Medical Devices (Exposure Draft)in an effort to cut through the persistent bureaucratic red tape in the registration process of medical devices and fulfill China’s rising clinical demand for medical devices.

The release of the Exposure Draft came after the State Council’s publishing of the “Opinions on the Reform of Review and Approval System for Drugs and Medical Devices” back in 2015, the focal point of which was the inefficiency of the medical device approval process. In response, the CFDA proposed a new approval mechanism – “Priority Review Designation Procedure” – and drafted the eligibilities, application and opposition procedures, as well as other requirements for joining the special treatment.

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China Market Watch: Infant Formula Market and Industrial Overcapacity Struggle

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Chinese Infant Formula Market: Study Calls Foreign Brands ‘Less Suitable’ for Chinese Babies

A recent study conducted by the state run China Central Television has called on parents to buy domestically produced infant formula over foreign brands, due to levels of certain nutrients which do not meet the specific needs of Chinese babies. The study found that eight out of 19 popular foreign infant formulas from seven different countries contained varying amounts of nutrients were inconstant with that of Chinese nutritional standards, and that if an infant were to consume such formulas over a long length of time, could develop certain health problems. Findings concluded that these problems were based on differing nutritional standards of different nations, and urged parents to consider domestic brands. The study comes after an increasing amount of parents buying infant formula overseas via online retail sites, while domestic dairy farms are suffering significant losses.

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China’s Free Trade Zones Open Further to Foreign Investment

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By Dezan Shira & Associates
Editor: Jake Liddle

Last month, the State Council announced plans to adjust regulations regarding foreign investment into the Tianjin, Shanghai, Fujian and Guangdong free trade zones (FTZs), which will significantly affect application and entry procedures.

The adjustments are split two ways – some that simplify application procedures and the operation of foreign invested or joint venture enterprises, and others that open once restricted sectors to foreign investment. Either way, it is important for investors looking to enter or already in these FTZs to be aware of these latest regulatory adjustments.

Below, we detail the industries in which previous restrictive related content or regulations have been temporarily suspended, thus allowing the involvement of foreign invested companies:

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China Outbound: Corporate Establishment in ASEAN & Investment Environment in India

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Our Latest Round-Up of Business News Affecting China-Based Businesses Investing in Asia

In this edition of China Outbound, we start with the challenging corporate establishment procedure in ASEAN nations, with a focus on the South China Sea arbitration and its implications on ASEAN investors. From there, we move to an introduction to Vietnamese product labeling requirements, as well as the country’s new decree for investment violations. Lastly, we look into India’s business environment, highlighting its new insolvency and bankruptcy bill, and the revised reinsurance rules, which was re-drafted for the third time and is expected to create new hurdle for foreign reinsurers in India.

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Human Resources and Payroll in China 2016/17 – New Publication from China Briefing

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China HR Guide 250 x 350Human Resources and Payroll in China 2016/17, the latest publication from China Briefing and Dezan Shira & Associates, is out now and available for download through the Asia Briefing Publication Store.

A firm understanding of China’s laws and regulations related to human resources and payroll management is essential for foreign investors who want to establish or are already running foreign invested entities in China, as well as to location managers and HR professionals who may need to explain complex points of China’s labor policies.

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China Regulatory Brief: Improvement on VAT Control System, Tax Certificate for Non-Local Business Activities

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SAT to Improve the Administration of the VAT Control System

On July 19, the State Administration of Taxation (SAT) issued a notice concerning the improvement of administration of the VAT control system (Shui Zong Han [2016] No.368), which requires that all Chinese tax authorities issue special tax control devices to the taxpayer, and units entrusted by the taxpayer in written form, in a timely manner. There is no restriction regarding the issuance of tax control devices only purchased in their respective province. If a taxpayer requests a service unit to install a control system to the service unit, the process should be executed within three working days, and should not be delayed for any reason. Furthermore, no fee or payment is to be charged to taxpayers for the use of the VAT control system.

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