Other Briefings
Pursuing Employee Claims in China
By Maarten Roos Sept. 20 – As China evolves to the next phase of its development, authorities have taken steps to ensure that employee rights are accounted for under the tenets of the labor law. Companies are advised to take care in ensuring that hiring and firing decisions comply with signed agreements and the law […]
Foreign Investment in August Up for 13th Straight Month to US$7.6 Billion
Sept. 15 – Foreign direct investment coming into the country rose for the 13th straight month in August by 1.38 percent to US$7.602 billion despite complaints made by multinational corporations on the increasingly difficult regulatory environment in China. This brings foreign direct investment for the first eight months of the year to US$65.96 billion, an […]
Wen Pledges to Level Playing Field for Foreign Companies at World Economic Forum
Sept. 14 – In his opening remarks at the World Economic Forum in Tianjin on Monday, Chinese Premier Wen Jiabao outlined several of China’s new economic policies and highlighted the government’s new initiatives to level the playing field for foreign investors in the country. “China’s economy is now in good shape, featuring fast growth, gradual […]
Buying Out Your JV Partner – Keep Cash On Hand, Just in Case
Op-Ed Commentary: Chris Devonshire-Ellis Sept. 14 – China’s recent judicial interpretation of FIE disputes has resulted in some commentary over matters relating to the purchase of stock by partners in joint ventures. Generally speaking, in JV contracts, a right (which should be further embellished in the articles) in which the partners have the ability to […]
Understanding China’s Social Security System
By Adam Livermore Sept. 14 – The social security system in China is based upon guidelines issued by the central government, although the specifics and administration of the system is managed at the local level. This is the only practical method in a country as diverse as China, as any rigid system defining specific contributions […]
FIE Internet Sales Operations Now Need Only Provincial Approval
Sept. 10 – The Ministry of Commerce amended the administration of foreign-invested internet sales enterprises last month, moving the approval and administration of such operations from the central government to the provincial governments. Circular Shang Mo Zi [2010] No. 272, issued August 19, states that applications for establishment of foreign-invested enterprises specializing in internet sales […]
Tourism Administration Begins Processing of JV Overseas Tourism Businesses
Sept. 9 – Sino-foreign joint venture travel agencies have until the end of the month to file their applications to operate on the mainland. According to the National Tourism Administration, Sino-foreign joint venture travel agencies will need to submit their application materials to the provincial tourism administration of the local governments by September 30, 2010.
Customs Clarifies Online Monitoring Import-Export Rules for Incorporation
Sept. 7 – The General Administration of Customs has clarified issues regarding online monitoring import-export rules for incorporation during the implementation process, effective from September 1, 2010. GAC [2010] No. 55, issued on August 24, states that online monitoring import-export rules for incorporation apply to processing trade enterprises that are supervised online via electronic books […]
