Other Briefings
The 50-50 Sino-Foreign JV as a Success Story
Op-Ed Commentary: Chris Devonshire-Ellis Apr. 20 – China-focused legal wisdom generally has it that 50-50 joint venture structures in China are always a very poor choice and are to be avoided. While stories and tales of awful investments having been made by foreigners in China who have had their fingers well and truly burnt are […]
Notice on Overseas VAT Refunds Released for Tianjin
TIANJIN, Apr. 19 – China has issued a circular concerning export value-added tax refunds for vessels transferred overseas under finance leases in Tianjin, effective April 1 and for a pilot run period of one year. Circular Caishui [2010] No. 24, jointly released on March 30 by the Ministry of Commerce, the State Administration of Taxation […]
Chris Devonshire-Ellis: Local Political Involvement When Liquidating China Based Assets
Op-Ed Commentary: Chris Devonshire-Ellis Apr. 19 – The old China bug-bear of due diligence and fully understanding the investment risks has come back to haunt the foreign investors in Hunan Taizinai, in a case that once again explains the difficulties of gaining control over liquidation of companies with assets in China. Taizinai, backed by Goldman […]
SAT Issues Admin Measures for VAT General Taxpayers
Apr. 16 – To enhance the management for general taxpayers of value-added tax in China, the State Administration of Taxation issued “The Management Approach for VAT General Taxpayers” on April 7. The notice, Guoshuifa [2010] No. 40, clarifies that “small wholesale businesses” refer to enterprises with a maximum registered capital of RMB800,000 and a maximum […]
China’s GDP Rises 11.9 Percent in Q1, CPI Up 2.2 Percent
Apr. 15 – China’s economy grew at an accelerated rate of 11.9 percent year on year in the first quarter of 2010 to US$1.19 trillion, 5.7 percentage points higher than the corresponding period the previous year, according to the National Bureau of Statistics. The economy grew at the fastest rate in nearly three years and […]
China’s FDI Statistics Up 7.7 Percent in the First Quarter of 2010
Apr. 15 – Foreign direct investment to China increased 7.7 percent year on year in the first quarter of 2010, up to US$23.44 billion, according to figures released by the Ministry of Commerce. The number of newly-established foreign-funded enterprises amounted to 5,459 in the past three months, an increase of 19.87 percent from the corresponding […]
ADB Raises China’s GDP Growth Forecast to 9.6%, Highlights Challenges
Apr. 14 – The Asian Development Bank released its Asia Development Outlook 2010 on Tuesday, raising China’s GDP growth forecast to 9.6 percent, up from the 8.9 percent estimate made last September. The bank lowered its forecast for 2011 to 9.1 percent in anticipation of expected monetary tightening policies. The growth rate for fixed asset […]
AmCham China-American Bar Association Representative Office Legal and Tax Seminar
BEIJING, Apr. 14 – With the status of China-based representative offices going through tax and regulatory changes, AmCham China and the American Bar Association are jointly holding an event in Beijing to examine the regulations governing foreign representative offices. The event, which will be held on Tuesday, April 20 from 3:30-5:30 p.m. in the AmCham […]
