Dec. 14 – China Briefing has just released the fourth edition of its regional business guide “The Greater Pearl River Delta: Business Guide to South China” – 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 South China.
By leveraging its proximity to the special administrative regions of Hong Kong and Macau, the Pearl River Delta (PRD) became the “Greater PRD” – China’s manufacturing heart and a region connected not only through financial ties but through a web of government initiatives to encourage its integration. This has included Closer Economic Partnership Arrangements and massive infrastructure developments such as the Hong Kong-Zhuhai-Macau Bridge.
Having risen to prominence around the pillar cities of Guangzhou and Shenzhen, the Greater PRD today is the home of high-technology in China. While Hong Kong is the regional management center for many high-technology firms, Shenzhen, Dongguan, and Guangzhou are being joined by Zhuhai and Huizhou as centers for the manufacturing of high-technology goods.
Despite the increasing amount of manufacturing heading to other countries, the PRD region is reinventing itself and remains the first choice for many investors. Approximately 75 percent of the foreign-invested companies based in the PRD region have a primary business focus of providing goods or services to the Chinese market, according to the American Chamber of Commerce in South China’s annual Special Report on the State of Business in South China (2011).
The Greater Pearl River Delta is usually defined to include nine cities in Guangdong Province plus the special administrative regions of Hong Kong and Macau. In this regional guide, we also include the neighboring provinces of Fujian, Guangxi and Hainan.
“The Greater Pearl River Delta: Business Guide to South China (Fourth Edition)” is available for immediate PDF download on the Asia Briefing Bookstore, priced at US$40.
1. Setting the scene
2. Provinces and cities of the PRD
3. Establishing business
This guide was written in collaboration with Dezan Shira & Associates, a boutique professional services firm providing foreign direct investment business advisory, tax, accounting, payroll and due diligence services for multinational clients in China. In South China, the firm maintains offices in Hong Kong, Shenzhen, Guangzhou, and Zhongshan. For more information on conducting business in China, please contact firstname.lastname@example.org, visit www.dezshira.com, or download the firm’s brochure here.
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Through the “The China Tax Guide”, in 2009, I came to know about tax treaties regarding the withholding tax; which meant my business paid extra taxes in 2008. Upon sending this information to the local tax office, they were surprise as me to learn about this treaty and they couldn’t find it in their laws, so they contacted the city tax office, who wasn’t aware and contacted the provincial tax office who didn’t know about the treaty as well, until we arrived to Beijing tax office who confirmed the treaty and informed the subordinate tax offices to reimburse the tax, so a half million RMB was recovered through a publication that cost $50.
hi, i want to buy . how can i purchase it?
Hi Helen. You can purchase this book at our online bookstore here: http://www.asiabriefingmedia.com/store/index.php?main_page=product_info&cPath=98_72_90&products_id=573 . Thanks for your interest.
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