Other Briefings
Guangdong Streamlines the Registration Process for Foreign-Funded Companies
A new streamlined registration and approval process for foreign-funded companies will be run across nine cities along the Pearl River Delta. The newly revamped procedures are currently being trialed in Dongguan, Foshan, and Guangzhou.
South China’s Gaolan Port Economic Development Zone Promoted to NETDZ
Apr. 10 – In late March, China’s State Council approved the promotion of the Gaolan Port Economic Development Zone to become the first national economic and technology development zone (NETDZ) on the west bank of the Pearl River Delta. The newly-promoted zone has been named the “Zhuhai Economic and Technological Development Zone.” Gaolan is roughly […]
Shanghai Issues Trial Procedures for Consolidated CIT Payments by Headquarters
Shanghai’s state and local tax bureaus have issued trial procedures applicable to headquarters in Shanghai that operate trans-regionally and pay CIT on a consolidated basis. It provides for the materials that these headquarters should submit for the filing of branches’ allocation proportion of CIT.
China’s Headquarters Economy: A New Path towards Industrial Upgradation
By Vivian Ni Mar. 15 – China, the world’s largest production base, is no longer satisfied with lying at the lower levels of global supply chains and holding just the manufacturing arms of MNCs. Instead, the country has begun offering a warmer welcome to foreign-invested enterprises (FIEs) that actually bring their “brains.” Foreign-invested headquarters (HQs) […]
AmCham South China 2012 Special Business Report
“2012 Special Report on the State of Business in South China” and “White Paper” on the business environment in China now available GUANGZHOU, Mar. 2 – The American Chamber of Commerce in South China launched its annual “2012 Special Report on the State of Business in South China” as well as its “White Paper” covering […]
Following Shanghai, Beijing to Roll out VAT Reform in July
Following the experiment in Shanghai, the Chinese government has approved Beijing to become the second city that implements a value-added tax reform pilot scheme, according to the state-run China National Radio.
Update: Minimum Wage Hikes Across China
A number of local governments have decided to raise their minimum wage levels to new 2012 standards, in an effort to put up with the national annual minimum wage growth target of 13 percent set up in China’s latest 12th Five-year Plan on employment improvement.
China Approves 12th Five-Year Plan for Western Regions
By Julia Gu Feb. 27 – China’s State Council announced last week that it has approved the 12th Five-Year Plan for Further Promoting the Economy of the Western Regions (“the Plan”), a step that is aimed at narrowing the gap between the country’s wealthy coastal provinces and its under-developed western regions. Specifically, the Plan will […]
