Other Briefings
Approval for China Outsourcing Services Decentralized to Provincial Gov’t
Nov. 3 – The Chinese government is continuing its recent trend of devolving the power of approval to local governments by handing over the approval for outsourcing services to provincial governments. The Ministry of Commerce issues a new business circular on September 15 that addresses the particular delegation of approval to provincial governments, and also […]
China Kicks Off Once-a-Decade Population Census
Nov. 2 – China began the colossal task of taking its sixth nationwide census on Monday in a project that will last from November 1 to November 10 and which will refresh China’s demographic figures. The national census, which is taken every 10 years, last put China’s population at 1.295 billion people. With China having […]
New Issue of China Briefing: Mergers and Aquisitions in China
Nov. 1 – In the November issue of China Briefing Magazine we look at mergers and acquisitions in China. Continued reforms and a rebounding economy following the Global Financial Crisis are fueling mergers and acquisitions in China. With M&A activity on the rise – there were several large deals in the industrial, financial and technology […]
China Adopts Social Insurance Law, Workers Given Right to Transfer Pension
Oct. 29 – China’s top legislature voted yesterday to allow workers in China the right to transfer their basic pension insurance accounts from one residence to another. The Social Insurance Law, which will take effect on July 1, 2011, aims to prevent the improper use of social security funds and also promises a new endowment […]
China WFOEs: It’s Not Standard Law, It’s Getting the Finance and Tax Right
By Chris Devonshire-Ellis and Richard Hoffmann Oct. 22 – One of the frustrating issues about advising corporate clients in China is how many of them, prior to seeing our firm, are so often badly advised on the China establishment procedures. Far too often, assumptions are taken that setting up a wholly foreign-owned enterprise (WFOE), for […]
China’s Plenum on Next Five Year Plan? Actually, More of the Same
Op-Ed Commentary: Chris Devonshire-Ellis Oct. 19 – The Chinese Central Government has just released its commentary on the discussions held on the working report delivered by President Hu Jintao, who has been responsible for the drafting of the next five-year plan. That plan, in typical long-winded style, is known officially as the “Communist Party of […]
China’s Leaders Approve Next Five Year Plan
October 19 – China’s leaders met in Beijing over the weekend to discuss the country’s 12th five-year plan, which will focus on developing more sustainable economic growth. After concluding the four-day meeting, the Chinese government announced on Monday that it had successfully drafted and approved the new plan, but the complete text will likely not […]
U.S. Business, China and the Foreign Corrupt Practices Act
By Dezan Shira & Associates Oct. 14 – With the news that the U.S. Securities and Exchange Commission has established an office in San Francisco to specifically examine FCPA violations, and as we mentioned in our article on guanxi last week, it is prudent to examine what the Foreign Corrupt Practices Act is and how […]
