Other Briefings
China’s Pan Asia Gold Exchange: A New Playing Field for Speculators?
In an age when the assets of insolvent Western economies are becoming less reliable and international investors appreciate gold as a safe haven, the Chinese know it is time for them to play a larger role in the global gold market. The Pan Asia Gold Exchange – opened earlier this year allowing gold trade in China’s own local currency RMB – may make China the new epicenter of the global gold market and even trigger a bigger wave of speculative gold buying and selling.
Dongguan Clarifies Terms for IIT Declaration
The Dongguan Municipal Local Taxation Bureau issued a notice explaining certain terms in the individual income tax declaration process.
Added Employee Costs to Hurt Dalian-Based Companies
By Adam Livermore Oct. 3 – A couple of weeks ago we reported some details of the recent announcement by the Dalian Social Insurance Bureau concerning changes to the calculation base for contributions by employers. We summarize the most important points here: The basis for calculation of the company contribution will be the total previous […]
Free China Expat Culture Book Download
Sept. 30 – China Expat, China Briefing’s sister site covering all things concerning the interaction between overseas expatriates and Chinese culture, celebrates 10 years of existence this year and has released a complimentary book – “China Expat – A Decade of Writing: 2001-2011” – with a selection of articles contributed to the title over the […]
China Total Tax Burden Second Highest in World
Chinese capitalism seems long gone when viewed against actual fiscal policies Sept. 26 – China’s tax burden is the second highest globally, beaten only by France, the 2009 Tax Misery Report by Forbes has suggested. Although relatively old data, the report has not previously gained much attention. However, as China has since then raised minimum […]
China Briefing Releases New Business Guide for Shanghai and the Yangtze River Delta
Sept. 20 – China Briefing has just released the fourth edition of its regional business guide “The Yangtze River Delta: Business Guide to the Shanghai Region” – offering business-minded individuals an up-to-date reference source for all of the key issues concerning setting up and successfully operating a business in East China. With its proximity to […]
Dim Sum Bonds Set to Gain Hong Kong Popularity
Sept. 12 – Several Chinese banks, including China Construction Bank (CCB), are preparing to make use of the new offshore RMB yuan bond market – the so-called “dim sum” bonds. The launch of the first significant tranche of dim sum bonds – bonds denominated in RMB but issued in Hong Kong – is expected to […]
Shanghai Establishes SME Funds
Sept. 8 – The Shanghai Municipal Government, concerned by slow growth rates and rising cases of bankruptcies, has become the first regional government to establish funds to assist local businesses. Three funds have been set up, each of RMB1 billion (US$156.68 million) to assist small-medium local businesses obtain financing. Many local businesses have been hit […]
