Other Briefings
An Introduction to Industrial Parks in Zhejiang Province
Large scale industrial parks play a vital role in foreign investments in China. Not only can foreign businesses benefit from the financial incentives offered by the government to invest at these locations, but the parks are often centrally located – making it convenient for employees and clients alike in terms of its daily operations.
China Law Deskbook – New Monthly Updates
Feb. 28 – The China Law Deskbook is published by the American Bar Association, and written by James Zimmerman, managing partner in Beijing with Squire Sanders Dempsey. It is the definitive bible on China law and should be on every in-house legal counsel desk concerned with business in China. The book is now being augmented […]
Dalian Sees Outsourcing Industry Boom
Feb. 28 – As one of China’s “21 outsourcing model cities,” Dalian’s software and service industry reported total sales revenues of US$8.1 billion and export revenues of US$1.8 billion last year, a respective 33.75 percent and 28.6 percent increase from a year earlier. The industry is also providing over 100,000 jobs in the northeastern Chinese […]
Hong Kong to Increase Preferential Tax Treatment for Dependent Family Members
Feb. 28 – The Financial Secretary of Hong Kong John Tsang presented the 2011-12 government budget on February 23, 2010, in which he proposed to increase the allowance for maintaining dependent parents/grandparents by 20 percent. This would increase the allowance for maintaining dependent parents/grandparents aged 60 or above from the present HKD30,000 to HKD36,000, while […]
Hong Kong Budget 2011/2012 – Complimentary Report
RSM Nelson Wheeler have just released their latest newsletter highlighting the Hong Kong budget for the next 12 months. Hong Kong’s Financial Secretary, John Tsang, delivered his budget speech to the Legislative Council in Hong Kong yesterday. The report details the following:
Does the ‘Taobao Effect’ Threaten Retailing in China?
Feb. 24 – Our good friends at DDMA, a Shanghai-based market research firm, have released a report revealing that what Chinese people and companies say about products online is the number one influence on one-third of all retail sales in Shanghai – worth a total value of US$34 billion. The influence of online information on […]
Shenzhen Housing Fund to Impact Foreign Companies
The Shenzhen municipal government recently issued a new circular dictating that many entities operating in the city will have to start contributing to the monthly housing fund.
Migrant Workers in China Demand More from Employers
Feb. 11 – Increasing militancy over labor conditions and terms by migrant workers in China is having a serious impact on South China-based businesses, as many migrant workers are refusing to return from the Chinese New Year vacation unless their demands are met. With workers becoming increasingly aware of their rights under the Labor Law, […]
