Other Briefings
Guangdong to Upgrade Processing Trade Cities
Apr. 20 – According to the Economic Development Outline of the Pearl River Delta (2008-2020), the government of Guangdong has announced its intention to accelerate the upgrading of processing trade cities. Given the high volume of processing trade businesses in Guangzhou, Shenzhen, Foshan, Huizhou, Dongguan and Zhongshan, the government has decided to upgrade the six […]
CBRC to Promote Foreign Bank Supervision
Apr. 20 – The China Banking Regulatory Commission (CBRC) recently held a conference in Beijing emphasizing the importance of supervising and minimizing the risk of foreign banks in cross-border transactions and to further improve regulatory measures, according to Liu Mingkuang, Chairman of the CBRC. For some foreign banks in China, the management mechanism has not […]
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 […]
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 […]
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 […]
