Central China

Taxation on Real Estate Rental Income in China

Including city-specific details on Chengdu, Guangzhou and Shenzhen

Feb. 7 – Both Chinese nationals and a foreign individuals are subject to a combination of taxes on real estate rental income: including individual income tax (IIT), business tax (BT), property tax (PT), urban maintenance and construction tax (UMCT) and an education surcharge (ES).

If simply left to adding up all those rates according to each specific tax law, the taxation on individual rental income would end up pretty high. However, in a move to energize China’s housing supply market, the Chinese government began offering some tax incentives starting in 2008. Continue reading →

Posted in Central China, Finance, Tax and Accounting, Legal and Regulatory, South China | Tagged China Business Tax, China Chengdu, China Education Surcharge, China Guangzhou, China Individual Income Tax, China Individual Rental Income, China Individual Rental Tax, China Property Tax, China Shenzhen, China Urban Maintenence and Construction Tax | Leave a comment

Free China Expat Culture Book Download

Sept. 30 – China Expat, China Briefing’s sister site covering all things concerning the interaction between overseas expatriates and Chinese culture, celebrates 10 years of existence this year and has released a complimentary book – “China Expat – A Decade of Writing: 2001-2011” – with a selection of articles contributed to the title over the past decade. The book is launched today both as a anniversary gift to China expats home and abroad, and also to celebrate China’s National Day, which falls on October 1.

“China Expat – A Decade of Writing: 2001-2011” brings together a collection of the published work of four well known expats for the first time in one volume. With articles taken from the archives of the original China Expat magazine, and more recently the online blog from the past 10 years, this collection will provide memories of days gone by, provoke exclamations of “I didn’t know that!” and inspire today’s generation of expats to get out, about and explore. In an age when blogs are mainly blah, the China Expat articles within will provoke, provide food for thought, and raise a wry smile.
Continue reading →

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A Business Guide to Western China – Local Markets and Exotic Exports

A complete overview of the trade dynamics and foreign investment opportunities from Xi’an to Xinjiang, and from Mongolia to Tibet.

Op-ed Commentary: Chris Devonshire-Ellis

Aug. 26 – China’s western regions have long held a fascination for many. The route of the ancient Silk Road, the mysteries of the orient, huge deserts, enormous mountains, a collision of religious, language and numerous tribal cultures, creating an enigmatic region not short of romance, mystery and intrigue. Continue reading →

Posted in Business, Central China, Culture and History, Economy and Politics, FDI and Foreign Trade, Markets, South China, West China | Leave a comment

China’s Second Tier Cities – the New Kids on the Block

By Nicholas Hughes

Jul. 6 – The HSBC Trade Exchange took place at the Park Hyatt Hotel in Shanghai’s World Financial Center last week from June 27 to June 30. It saw the gathering of business leaders from firms across Europe to understand more about the vast opportunities that are presented by the Chinese market.

Businesses represented at the event were either already doing business in China and were not sure how to capitalize on the new opportunities, or were seriously considering the opportunity of entering China. The guidance, advice, and exchanging of information took place in the form of a series of key-note speeches, presentation, and workshops from industry experts, FDI consultancies, and HSBC representatives. Continue reading →

Posted in Business, Central China, Economy and Politics, FDI and Foreign Trade, Markets, West China | Leave a comment

Complimentary Reports Available from China Briefing

Dec. 24 – Over the past year we’ve released a number of complimentary reports. As its the festive season and we know our readers have been very good this year, we provide a one stop shop to each of them, complete with complimentary downloads just in case you missed them the first time around. They include reports on business in China, India, Vietnam, Russia and Emerging Asia, as well as industry guides, city guides, in-depth regional overviews in addition to tourism related material. We hope you enjoy them.

Happy New Year! Continue reading →

Posted in Business, Central China, Culture and History, East China, Economy and Politics, FDI and Foreign Trade, Finance, Tax and Accounting, Legal and Regulatory, Northeast China, South China, West China | 1 Comment

China’s Fastest Growing Provinces: The Demographics

Nov. 8 – At the recent Economist China Summit, Michael Koenig and Christophe Bezu, of Bayer and Adidas respectively, emphasized that Central China would experience renewed growth and development as per capita GDP and household disposable income increased at the same time that the coastal areas experienced a slowdown.

Last week, we featured the top five fastest growing cities in China, Hefei, Baotou, Shenyang, Changchun and Hohhot. Today, we look at the five of the emerging provinces: Inner Mongolia, Shaanxi, Hunan, Jilin, Hubei. It is no real surprise that they are all inland. Continue reading →

Posted in Business, Central China, Culture and History, Economy and Politics, Northeast China, West China | 2 Comments

Is China Growing Too Big?

Op-Ed Commentary: Chris Devonshire-Ellis

Aug. 23 – For many years now, as I’ve traveled China on business, I’ve been skeptical of the GDP growth figures. From Shenzhen to Changchun and from Wuhan to Kashgar, via Chongqing, buildings have been going up, rather like mushrooms after a rain storm, as signs of the new prosperity and growth of China.

In fact, every single Chinese city, large and small, seems to have acres of new developments – but all lying empty. The giveaway is a quick evening tour of residential and business blocks. If no lights are on, why were they built? Entire development zones with no businesses. Blocks upon blocks of high rise apartments for tens of thousands of families – all unused, empty shells instead of the dream homes the advertising hoardings proclaim they are. Continue reading →

Posted in Business, Central China, Economy and Politics, FDI and Foreign Trade | 2 Comments

Chris Devonshire-Ellis: In China, White Goods Become Red

Op-Ed Commentary: Chris Devonshire-Ellis

Jul. 30 – As the central government encourages a re-balancing of the economy towards more domestic consumption, companies are finding subtleties of selling in China that will shape the way forward for foreign manufacturers doing business here. Gone are the days when a manufacturer would only sell within a region, now the focus is on getting goods to China’s massive rural population; some 900 million people, or three fourths of the total consumer market.

This means that long held wisdom in international and even China sales is being remodeled and, in some situations, rethought. Take Haier for example. Long China’s largest manufacturer of white goods – everything from washing machines to air conditioners to freezers and television sets – they are the archetypal white goods manufacturer. In a delicious twist of irony, they are finding that rural Chinese consumers prefer their products in a more auspicious shade of red. White is a color associated with death and funerals in Chinese culture. Superstitions die hard in the countryside, and red is considered a lucky color linked to fortune and wealth. Continue reading →