May 14 – The foreign investment promotion plan for central China was released on April 30 aiming to improve the service in urban public utilities, urban finance, commerce, education, medical treatment and logistics to attract foreign investment.
The plan focuses on business-friendly policies, discounted loans, and reduced transaction costs to attract foreign investors setting up business in China’s central provinces. Continue reading
By Sophie Cerny and Jessica Tou
May 13 – Microfinance in China has the potential to be one of the leading, innovative approaches to alleviating poverty and boosting rural and regional economic development. This report will take a closer look at how the current Chinese microfinance model came about, the current outcomes of the model, and lastly the problems and solutions of the potential market, which has yet to be tapped by foreign investors. Continue reading
May 11 – The Hubei provincial government has raised monthly minimum wage levels, effective from May 1.
The notice, which was issued April 25, adjusts the minimum wage standards to between RMB900 and RMB600 and the minimum hourly wage to between RMB9 and RMB6.5 dependent on the city.
The notice also states that social security fees, housing funds, overtime wages and allowances or subsidies for meals, transportation and for working in special work environments or conditions such as night shifts, high temperatures or working underground should not be regarded as components of standard minimum wage. Continue reading
Apr. 9 – The State Administration of Foreign Exchange is implementing new pilot reforms of China’s import verification system.
Circular Huifa [2010] No. 14, released on April 2, states that seven provinces and cities including Tianjin, Jiangsu, Shandong, Hubei, Inner Mongolia, Fujian and Qingdao, will begin these pilot reforms of their import verification system from May 1, 2010. Continue reading
Jan. 22 – China Briefing just released two new titles on doing business in the country; expanding the Asia Briefing roster of invaluable resources for both the new and experienced foreign investor.
Human Resources in China
Due to the rapidly changing nature of the labor market and the laws that govern it in China, it can be very difficult for foreign investors and managers to understand how to manage human resources on the mainland. Produced in association with the human resource professionals at Direct HR, a specialist China recruitment firm, this technical guide is designed to cover the most important issues related to managing a Chinese workforce and details HR issues that both local managers in China and investors looking to establishing an office on the mainland should be aware about.
For more information on our guide to Human Resources in China, including a list of the topics covered, click here. Continue reading
Aug. 20 – China’s Western and Central inland regions have reported a surge in auto sales with growth of 33 percent for the first half year over 2008 figures, according to a report from the global market research firm, Ipsos. The industry average for China this year has been 24 percent.
More than 2.73 million new license plates were issued in China in the first five months of the year, with Shaanxi, Gansu, Ningxia, Heilongjiang, Jiangxi and Sichuan all contributing 35 percent to national growth. Shaanxi reported a growth of 110 percent in issuing license plates, compared to a 12 percent drop in Guangdong.
Jul. 20 – The complete series of China Briefing’s popular legal, tax and regional guides are now available for purchase via PDF downloads here.
Published since 2003 and regularly updated, available titles include guides to the legal procedures and investment implications of establishing Representative Offices, Wholly Foreign Owned Enterprises, Joint Ventures, Mergers & Acquisitions, Intellectual Property Rights, Transfer Pricing and the China Tax Guide.
The complete, five volume series of China’s Regional Investment Guides are also included covering China’s regions with details of investment zones and incentives, local demographics and industry facts and figures.
By Chris Devonshire-Ellis
SHANGHAI, Jul. 17 – China’s foreign direct investment and the nature of its GDP growth are showing signals of permanent change as the world gradually lifts itself out of the global recession. Dezan Shira & Associates has just released its half year figures and they make for interesting reading in terms of the analysis they present of the nature of doing business in China.
With more than 2,500 multinational clients in the country, we are able to produce a snapshot of what is going on and where. Let’s have a look at some of the behavioral traits.
Foreign Direct Investment
Across the board, FDI into China based on the number of clients we have investing in the country fell by 10 percent. There’s no real surprise there given the lack of investment dollars floating around this year, and this is in line with our budget predictions that we carried out at the back end of 2008.
Dezan Shira & Associates provide a range of services for companies looking to undertake foreign direct investment into Asia, These include corporate establishment, accounting, tax, payroll, audit and due diligence. To learn more about the firm, please contact one of our specialists at china@dezshira.com, download our corporate brochure or visit at us www.dezshira.com
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