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.

Shanghai Lingang New Area Releases Whitelists for Data Export, Facilitating Cross-Border Data Flows

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Shanghai’s Lingang New Area has released general data lists that will facilitate data export for companies in the automotive, biopharma, and mutual fund sectors.

Tianjin Free Trade Zone Releases China’s First Negative List for Cross-Border Data Transfer

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The Tianjin Free Trade Zone has released China’s first data Negative List outlining the types of data that must undergo a security review by China’s cybersecurity bureau to be transferred out of China.

China’s New Measures to Support Foreign Investment in Sci-tech Firms

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China seeks to attract sci-tech foreign investment by relaxing rules, fostering partnerships, and enhancing the investment climate.

Shenzhen’s Qianhai Cooperation Zone Expands Preferential IIT and CIT Policies

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The Shenzhen Municipal Tax Bureau, Shenzhen Municipal Finance Bureau, and State Tax Administration have issued two notices broadening tax incentives for individuals and companies in the Qianhai Cooperation Zone.

China Expands Access for Wholly Foreign-Owned Hospitals: 9 Cities Open for Investment

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China’s new policy allows wholly foreign-owned hospitals in 9 key cities, aiming to modernize healthcare, attract global expertise, and meet rising demand.

China Outbound Direct Invest (ODI) Tracker: 2024-25

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In the 2024-25 China Outbound Direct Investment (ODI) Tracker, China Briefing offers up-to-date data and insights on China’s outbound investment developments and trends.

Annual Confirmation for China IIT Special Additional Deductions Starts on December 1

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From December 1, 2024, the annual confirmation for Individual Income Tax (IIT) special additional deductions begins. Individuals, including expatriates in China, should check their eligibility for these deductions.

Key Considerations for Entering China’s Healthcare Market

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The healthcare market in China presents an alluring opportunity for global investors, but it is highly regulated and fiercely competitive. We discuss key business prospects and strategic considerations for foreign investors.

China Opens Doors to Foreign Investment in Cell Therapy and Wholly Foreign-Owned Hospitals in Pilot Cities

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China has initiated a new round of foreign investment relaxation pilots in selected cities, permitting foreign investment in cell and gene therapy as well as wholly foreign-owned hospitals.

China-Denmark Trade and Investment Relations: Key Developments and Opportunities

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The growing trade and investment relationship between China and Denmark not only reflects mutual economic interests but also highlights the complementary strengths of each nation.

Integration of Foreigner’s Work Permit with Social Security Card: What You Need to Know

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Effective December 1, 2024, foreign nationals entering China will no longer be required to obtain a physical Foreigner’s Work Permit. Instead, they can apply for an electronic social security card via a designated app.

Capitalizing on China’s Organic Boom: Certification, Trends, and Opportunities

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China’s organic product market is the third largest globally. Understanding the certification process and trends is crucial for stakeholders looking to capitalize on the lucrative opportunities.

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