The China City & Industry Report: A Guide for U.S. Exporters 2017, a new publication from U.S. Commercial Service, is now available through the Asia Briefing Publication Store for complimentary download. With content provided by the professionals at Dezan Shira & Associates and published by Asia Briefing, this 140 page guide provides a close look at 19 of China’s most commercially important cities and 16 of its best prospect industries for U.S. exporters, with focus on market demand, trade opportunities, and prospects for investors.
In 2015, China experienced its lowest economic growth rate in more than a quarter century with real GDP growth decelerating to 6.9 percent. China’s newly approved 13th Five-Year Plan (2016-2020) calls for ambitious policy reforms in order to “comprehensively build a moderately prosperous society” by doubling 2010 GDP and per capita incomes by 2020.
With respect to trade, U.S. good exports to China in 2015 were $116.2 billion, down 6.1 percent from the previous year. U.S. exports of services to China were an estimated $42.5 billion in 2014 (the latest data available). Although significant market access barriers exist for foreign firms, U.S. foreign direct investment in China was $65.8 billion in 2014 (the latest data available), a 9.8 percent increase from 2013.
Despite this slower and managed growth, China remains an extremely attractive market for many U.S. companies. U.S. small and mid-sized enterprises (SMEs) in particular are major beneficiaries of China’s economic growth and increasingly consumer-oriented society.
Asia Briefing Ltd. is a subsidiary of Dezan Shira & Associates. Dezan Shira is a specialist foreign direct investment practice, providing corporate establishment, business advisory, tax advisory and compliance, accounting, payroll, due diligence and financial review services to multinationals investing in China, Hong Kong, India, Vietnam, Singapore and the rest of ASEAN. For further information, please email email@example.com or visit www.dezshira.com.
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Dezan Shira & Associates Brochure
Dezan Shira & Associates is a pan-Asia, multi-disciplinary professional services firm, providing legal, tax and operational advisory to international corporate investors. Operational throughout China, ASEAN and India, our mission is to guide foreign companies through Asia’s complex regulatory environment and assist them with all aspects of establishing, maintaining and growing their business operations in the region. This brochure provides an overview of the services and expertise Dezan Shira & Associates can provide.
An Introduction to Doing Business in China 2017
Doing Business in China 2017 is designed to introduce the fundamentals of investing in China. Compiled by the professionals at Dezan Shira & Associates in January 2017, this comprehensive guide is ideal not only for businesses looking to enter the Chinese market, but also for companies who already have a presence here and want to keep up-to-date with the most recent and relevant policy changes.
Navigating HR Audits in China
Recent changes in China’s labor market have underscored the importance of having both an efficient HR system and a satisfied and reliable workforce, and the HR audit is a useful tool to ensure this. In this issue of China Briefing magazine, we provide a guide for conducting HR audits in China. We analyze why the HR audit is especially important for foreign companies operating in the country, and then detail the different HR audit models and procedures that are available to firms.