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    China JV Quality Problems: Time to Increase the Permissible Value of the Foreign Partner’s Brand

    By Chris Devonshire-Ellis Dec. 26 – 2008 has brought with it an apparently never-ending slew of problematic quality issues from MNC’s with substantial JVs in China, with no signs either that this is set to end anytime soon nor any pointers to the phenomena being industry specific. While international management must also carry part of[…..]

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    China to Establish Social Security Fund

    Dec. 23 – China announced plans Monday to establish a social security number system for the welfare of its citizens. State media reported on Tuesday that the draft of the social insurance law was discussed by the Standing Committee of the 11th National People’s Congress, the country’s top legislature, on Monday. According to the draft,[…..]

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    China Raises Money Supply to Help Liquidity

    Dec. 15 – China’s State Council has announced that it would increase money supply growth from 16 percent to 17 percent to stabilize the capital market and aid the slowing economy. The new figure is 3 to 4 percentage points above the total growth of economic output and consumer prices. The measure comes three days[…..]

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    China M&A, with Linguistics Attached Please

    By Chris Devonshire-Ellis Dec. 3 – The recent approval of InBev’s acquisition of Anheuser-Busch by China’s Ministry of Commerce (MOC) has caused some consternation amongst M&A lawyers in China. Being the first major deal to be subjected to China’s enhanced anti-monopoly laws which require MOC approval for deals that affect China-based businesses, the decision by[…..]

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    Economist: China to Increase Individual Income Tax Threshhold

    Nov. 24 – China’s leading economist said that the government has decided to increase the individual income tax threshold to spur domestic consumption. Peking University professor Zhou Qiren told China Daily that the aggressive tax-reduction measures at corporate and personal levels aims to stimulate slowing domestic demand caused by the global economic crisis. “As far[…..]

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    Top Chinese Official Says Unemployment Situation Critical

    Nov. 21 – A top Chinese official has warned that the country is facing critical unemployment problems brought about by the global credit crisis. China’s social security minister, Yin Weimin, announced measures to control rising unemployment.These include providing information on job vacancies and offering additional training for workers going back home. Government agencies will also[…..]

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    China Approves Tax Cuts, Rebates to Support Textile Industry

    Nov. 21 – China has approved new tax cuts and rebates for the textile industry as part of government measures to support slowing exports. Export tax rebates on textile products will be increased to 17 percent. The 21st Century Business Herald reported that the proposal to increase tax rebates was approved during the State Council’s[…..]

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    Shandong, Hubei Rule No Layoffs Without Approval

    Nov. 18 – Companies based in Shandong and Hubei provinces are now required to apply for approval from their local human resources and social security authorities before a layoff of 40 or more workers. The regulation amends on the national labor contract law implemented last January. According to the national labor contract law, companies that[…..]

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