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 Issues 24 New Measures to Attract Foreign Investment

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China’s legislature has released a new action plan outlining measures to boost foreign investment in the country.

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.

2024 Guidelines for Foreigners to Live and Work in China

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The updated guidelines released by China’s Ministry of Commerce outline essential procedures and considerations for foreign businesspersons living and working in China, covering accommodations, visas, work permits, and emergency protocols.

China-Germany Bilateral Direct Investment: Trends and Outlook

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China and Germany remain important investment partners, despite the mutual decline in FDI flows registered in 2023. We analyze recent trends and discuss the sectors that continue to drive bilateral investment.

China Lifts Tariffs on Australian Wine Imports, Amid Improving Trade Ties

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China announced the lifting of the tariffs imposed on Australia wine imports, marking a significant turning point in China-Australia trade relations after years of tension. We look at the significance and implications of this decision.

Shanghai Introduces New Guidelines for Cosmetic Advertising

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Shanghai issued New Guidelines for cosmetics advertising, which cover aspects such as product classification, efficacy claims, and endorsement activities. We present key highlights.

Decoding China 2024 Green Industry Catalogue: Key Takeaways

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China has issued the 2024 version of its Green Industry Catalogue, a key reference document for government entities and departments to devise supportive policies for the advancement of green sectors in the country. We provide key details.

China Adopts New Regulations to Facilitate Cross-Border Data Flows 

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Nre regulations from China’s cybersecurity regulator significantly facilitate cross-border data transfer processes for foreign companies by lowering compliance burdens.

Navigating Hong Kong’s Annual Employer’s Return: Compliance and Best Practices

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The peaking season for the Annual Employer’s Return filing in Hong Kong is approaching. Hong Kong employers are advised to start preparations early and allocate sufficient resources to meet this tight deadline.

Highlights from China FM Wang Yi’s Visit to New Zealand and Australia

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China FM Wang Yi’s visit to New Zealand and Australia underscores efforts to strengthen economic ties and address differences.

Tax Filing for Outbound Payments in China: A Complete Guide

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When an individual or organization in China makes a single outbound payment to overseas entities that exceeds the equivalent of US$50,000, the payer must complete tax filing for outbound payments with the local branch of the STA, with limited exceptions.

China’s January – February 2024 Economic Roundup

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January and February economic indicators show a strong start to China’s economy in 2024, with growth in industrial output and recovery in foreign trade.

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