China Briefing News

We cover the latest economy and trade, legal and tax updates, industry insights, and HR and payroll news that are most relevant to doing business in China. Here are our top China news summaries.

China’s Foreign Minister Wang Yi to Visit Australia for Trade and Technology Talks

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Chinese Foreign Minister Wang Yi is expected to visit Australia in late March, which will boost trade diplomacy between the two nations.

China Sets 2024 GDP Growth Target at “Around 5%”: Key Highlights from the Two Sessions

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China has released the 2024 Government Work Report, the most important policy document of the year, setting a broad range of economic and development tasks.

China’s “24 Measures” to Attract Foreign Investment: Progress Report

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Six months after China announced 24 measures to optimize the foreign investment environment in the country, we discuss the progress made.

Hong Kong Budget 2024-2025 – Government Implements New Tax Arrangements and Extends Funding Schemes

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The 2024-25 Hong Kong Budget introduces new tax arrangements to raise public funds and extends support policies for companies and individuals.

What to Expect for the 2024 Two Sessions – GDP Growth Target and Policy Agenda

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The 2024 Two Sessions will start on Monday, March 4. This year’s meetings are particularly highly anticipated, with everyone watching closely to see how the Chinese government intends to support growth.

Navigating the Impact of OpenAI’s Sora on China’s AI Industry

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Sora, OpenAI’s groundbreaking text-to-video model, has sparked both excitement and caution in China’s tech industry.

China’s Dairy Industry – Market Trends and Opportunities

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The dairy industry in China has grown to become the second largest in the world, presenting a myriad of new opportunities for investors.

Hong Kong Removed from EU Watchlist Following Changes to Regulations on Foreign-Sourced Income

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Under new rules on foreign-sourced income exemption, MNEs that don’t meet certain substance requirements may be taxed on some types of income derived overseas.

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