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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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    UNDP Report:China Should Provide Basic Public Services for All Its Citizens

    Nov. 17 – According to the China Human Development Report 2007/08 called “Access for All: Basic Public Services for 1.3 Billion People,” the country should hasten the process of providing basic public services for all its citizens. The report was commissioned by the United Nations Development Programme and researched by the China Institute for Reform[…..]

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    Foreigners in Shanghai Required to Renew Residence Certificates by November 30

    SHANGHAI, Nov. 17 – Shanghai’s exit-entry administration announced that foreign residents will need to renew their residence registration certificates at police stations by November 30. The city is set to issue a new version of the certificate starting October 1. Residence registration certificates are necessary for applying, changing or extending visa and residence permits. Foreign[…..]

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    China’s First Specialist Financial Court Opens in Pudong

    SHANGHAI, Nov. 14 – China’s first court dealing exclusively with financial disputes opened yesterday in the Pudong district of Shanghai. The area is home to a specially created development zone, Lujiazui, which deals exclusively with banks and financial institutions, housing many of the primary global and Chinese players, such as HSBC, Citibank, the Bank of[…..]

Showing 8 of 1661 articles