Other Briefings
China’s New Measures to Combat Air Pollution Toughest to Date
China released the “Action Plan for Air Pollution Prevention and Control” on September 12, which puts forward the toughest-ever measures to combat the air pollution in the country. Detailed information can be found here.
China’s Coffee Industry is Brewing
Coffee first made its initial appearance in China when a French missionary in the 1890s planted beans throughout Yunnan Province. Over the next hundred years, coffee would go largely unnoticed but, as is the case with many things in China, the market has changed quite a bit over the last 20 years.
China Release Draft Plan to Develop its Online Retail Industry
Oct. 4 – China’s Ministry of Commerce (MOFCOM) held a press conference last week to outline the current development of the country’s e-commerce industry and its subsequent plans to vigorously push the sector’s growth over the next few years. Further, MOFCOM also released a draft of the “Administrative Measures for Transaction Rules of Online Retailing […]
Costs of Running a WFOE in China
Sept. 30 – WFOEs are considered resident enterprises in China and, just as other domestic companies, their profits are subject to corporate income tax (CIT), which is generally 25 percent. Businesses generally also pay either business tax (BT) or value-added tax (VAT), depending on the nature of the business. Only in special circumstances are both […]
China Solicits Comments on the New Administrative Measures for Online Commodity Trading
Sept. 20 – China’s State Administration of Industry and Commerce (SAIC) released their draft of the new “Administrative Measures for Online Commodity Trading and Relevant Services (hereinafter referred to as ‘Measures’)” on September 11 to solicit comments from the public. In 2010, the SAIC enacted the “Interim Measures for the Administration of Online Commodity Trading […]
Setting Up a Wholly Foreign-Owned Enterprise (WFOE) in China
Unlike the simpler representative office setup which is subject to a number of limitations, a WFOE can make profits and issue local invoices in RMB to its customers, which is crucial as invoices are the basis for obtaining tax deductions in China. Compared to a joint venture, a WFOE has greater freedom and independence, and can better protect its intellectual properties. It can also employ local staff directly, without obligation to employ services from employment agencies.
Regulations and Restrictions on Foreign Real Estate Property Purchases in China
Sept. 4 – China’s real estate market has seen massive development since it’s opening to private investors in the late 1990s, and in order to rein in sky-rocketing property prices the Chinese government has rolled out various regulations and policies in recent years to keep the market in check. Included in this are regulations aimed […]
China Labor Union Disrupting US$2.5 Billion U.S.-Indo M&A Deal
Indian buyers of U.S. parent “not welcome” as Shandong labor union disrupts China operations Sept. 2 – The increasing number of problematic issues facing foreign investors in China has been brought to the fore once again, this time highlighted by a disgruntled labor union. The Shandong-based Cooper Tires plant, a joint venture with local partner […]
