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GDP Growth Accelerates, FDI Levels Robust, and Avocado Sales Booming – China Market Watch

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China’s GDP growth accelerates for first time since 2010

China’s GDP grew by 6.9 percent in 2017, according to the National Bureau of Statistics. In nominal terms, GDP increased by 11.2 percent to reach a total value of RMB 82.7 trillion (US$12.86 trillion). The 6.9 percent growth rate outperformed the official GDP growth target of “6.5 percent, or higher if possible in practice”.

The stronger-than-expected performance brings to an end six consecutive years of declining GDP growth rates. In 2016, China’s GDP grew at 6.7 percent – its slowest rate in 26 years.

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Digital FTZ in Malaysia, FDI Policy in India, and Minimum Wages in Russia – Asia Investment Brief

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

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Malaysia’s Digital Free Trade Zone

Malaysia’s Digital Free Trade Zone (DFTZ) seeks to establish Malaysia as a leading logistics center for global marketplaces by opening opportunities for companies both in Malaysia and other ASEAN countries.

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India’s FDI Policy Amended: Single Brand Retail, Medical Devices Win Big

The federal government approved major amendments to India’s FDI Policy on January 10 to ease doing business and remove unintended obstacles for investments in certain industries. Major beneficiaries include single brand retailers and the medical devices industry, with the government providing more clarity on compliance requirements and easing the investment process.

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The Philippines in 2018, Lower Tier Cities in India, and Tariff Cuts in Vietnam – Asia Investment Brief

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The Philippines’ Investment Outlook 2018

With an average growth rate of 6.3 percent over the past five years, the Philippines is now among the fastest growing economies in Asia. Read more about the Philippines’ latest FDI trends and outlook for 2018.

INDIA BRIEFING

India’s Tier II and Tier III Cities: Are They Right for Your Business?

Indian cities are classified purely on the basis of their population size. Accordingly, foreign companies that are interested in locating in a Tier II or Tier III Indian city should carefully consider their options.

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Labor Contracts in Thailand, Israeli Investment in India, and ASEAN Autos in Vietnam – Asia Investment Brief

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Thai Labor Contracts: What You Need to Know

While Thailand does not mandate a written agreement between the employer and an employee, it does impose strict labor regulations with regards to working terms and conditions. In practice, therefore, it is advisable for employers to set out written terms and conditions of employment to avoid legal disputes.

INDIA BRIEFING

Israeli Investment in India

Israeli investments in technology have typically favored Western nations where cultural barriers and price sensitivity play a diminished role. However, India’s burgeoning startup ecosystem and push for innovation is attracting Israeli tech companies who see potential in India’s rapid digitization.

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Carbon Trading System Approved, Preferential Cross-border e-Commerce Policies Announced – China Market Watch

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China approves carbon emissions trading scheme

China has approved plans for its much anticipated carbon emissions trading system, which, when launched, will be the largest in the world.

The system will initially cover 1,700 utilities, including heavily polluting power plants, before expanding to other sectors of the economy, such as chemicals plants and civil aviation. While the 1,700 utilities are significantly fewer than the 6,000 that regulators previously considered, it still represents one of the world’s most ambitious carbon pricing schemes.

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Tax Reform in the Philippines, Aadhaar Card for Expats in India – Asia Investment Brief

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The Philippines’ New Tax Reform Package Approved

The Philippines’ much awaited tax reform package or Tax Reform for Acceleration and Inclusion (TRAIN) was signed into law recently, paving the way for a simpler and fairer tax regime in the country.

INDIA BRIEFING

The Aadhaar Card in India: What Expatriates Need to Know

The Aadhaar is a 12-digit unique identification number issued by the federal body – Unique Identification Authority of India (UIDAI) – to all residents of India, as directed by the Aadhaar Act, 2016. It contains biometric information – thumb print and iris scan. Thus, the Aadhaar number serves as a universal proof of identity and address – but does not equate to Indian citizenship.

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Myanmar’s New Companies Law, India’s Disabilities Act, Vietnam’s Central Highlands – Asia Investment Brief

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Myanmar’s New Companies Law

On December 6, 2017, Myanmar’s President U Htin Kyaw approved the new Myanmar Companies Act, 2017, replacing the country’s century-old Companies Act of 1914. The new law seeks to modernize corporate governance in Myanmar in line with international best practices.

INDIA BRIEFING

The Disabilities Act in India: What Employers Need to Know

The Rights of Persons with Disabilities Act, 2016 along with the Rules (for implementation) have recently been enacted by the federal government. The new law protects disabled persons in India from various forms of discrimination, ensures their access to equal employment opportunities, and enhances their societal participation.

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ASEAN’s FTAs, Expats in India, and Vietnam’s FDI Strategy – Asia Investment Brief

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ASEAN’s Free Trade Agreements: An Overview

The Association of Southeast Asian Nations (ASEAN) has signed several FTAs with some of the major economies in the Asia-Pacific region. In this article, we provide a broad overview of some of ASEAN’s FTAs and highlight the overall benefits they offer.

INDIA BRIEFING

Expatriates in India: Visa, Work Culture, Socioeconomic, and Payroll Considerations

India is the second most favored destination for expatriates that want to work in the emerging markets. Here we discuss India’s living and working environment, and briefly touch on its HR and payroll laws as applicable to foreign nationals working in the country.

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