(This article will be updated regularly. It was last updated on August 5, 2022. The COVID-19 data is as of 24:00 on the previous day.)
Cumulative confirmed cases: 229,913; Cumulative recovered: 223,139; Cumulative deaths: 5,226 Vaccination rate: 89.7% (1.264901 billion people fully vaccinated as of July 22, 2022)
On September 23, 2020, China’s Ministry of Foreign Affair (MFA) released the Announcement on Entry by Foreign Nationals Holding Valid Chinese Residence Permits of Three Categories. From 0 a.m., September 28, 2020, foreigners with valid residence permits for work, personal matters, and reunion, have been allowed enter the country without needing to re-apply for new visas. If the above residence permits expired – after March 28, 2020 – the holders can re-apply for relevant visas by presenting the expired residence permits and relevant materials to the Chinese embassies or consulates. The re-application must be on the condition that the purpose of the holders’ visit to China is unchanged. China had suspended the entry of most foreign nationals from March 28, 2020 as a disease control strategy to contain and eliminate the spread of coronavirus (COVID-19) within its territory. While most businesses in China restarted operations in March, once the COVID spread had slowed down to manageable levels, many employers, especially small business owners, remained under big pressure to sustain operating costs and maintain cash flow due to the impact of the outbreak. At the same time, the global spread of COVID-19, including poorly contained outbreaks in several countries, has necessitated the world’s biggest ever technology experiments to establish new work arrangements as businesses seek to effectively utilize their employees, minimize physical contact, and navigate the temporary international travel bans in place. Throughout the year, businesses across the world have had to make almost real-time decisions to guarantee the very survival of their firms and operational continuity and sustainability, and have adapted to sudden changes based on limited knowledge and/or resources. The decisions, made during the initial recovery period, will now likely become permanent. They include shifts to digitize workflows and customer relationships, reduction of global business exposure and localization strategies, upgrades, upskilling, and retooling of key resources, investments in new technology and areas depending on the shifts in business strategy, and a stronger focus on staff well-being to offset the pressures of living and working amid an ongoing pandemic. Going forward, companies must keep continuous track of their business health and exposure to any new waves of the outbreak, both, in China and across the world. Firms should start planning their 2021 budgets now while keeping in mind the wait for a COVID vaccine. The pandemic has dented economic growth and greatly influenced consumption behavior and the pace of supply-demand recovery, which will affect sales forecasts. Global businesses should check on the viability of receiving shipments on time and make contingency plans if in doubt as well as monitor for market demand and industry trends. Finally, it may not all be bad news. There are always winners and losers during difficult times. Well prepared and managed businesses will survive and ultimately gain market share in the longer term. Now is the time to plan ahead and implement decisions based on the insights gained over the last several months. Strategies may need to be revisited along shorter timelines with shifting goalposts. It is, however, important to establish company bottom lines and communicate these clearly across the organization; risk mitigation strategies are also necessary for the survival and stability of operations. Companies should ensure their China operations are in compliance with local regulations and communications are aligned between HQ and local offices. Meanwhile, if your business needs advice on operational, tax, legal, HR, or technology solutions, please contact our China offices at email@example.com. As companies in China continue to grapple with HR, legal, technology, operational, and tax concerns due to the unprecedented implications of the pandemic, we address how to manage these uncertainties through our rolling coverage of the latest COVID-19 developments and practical advisory on China Briefing. Some of our latest resources are mentioned below for your easy reference:
About Us China Briefing is written and produced by Dezan Shira & Associates. The practice assists foreign investors into China and has done since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. Please contact the firm for assistance in China at firstname.lastname@example.org. We also maintain offices assisting foreign investors in Vietnam, Indonesia, Singapore, The Philippines, Malaysia, and Thailand in addition to our practices in India and Russia and our trade research facilities along the Belt & Road Initiative.
Previous Article « Investing in Zhuhai: Industry, Economics, and Policy
Next Article US-China Relations in the Biden-Era: A Timeline »
Doing Business in China 2022 is designed to introduce the fundamentals of investing in China. Compiled by the professionals at Dezan Shira & Associates in...
China remains the world’s hottest market for several industries, with high prospects for growth, innovation, and investment. Alongside the optimistic...
China’s transition to a green, low-carbon, and circular economy will have far-reaching socioeconomic, industrial, and business impact as economic and...
Dezan Shira & Associates helps
businesses establish, maintain,
and grow their operations.
Stay Ahead of the curve in Emerging Asia. Our subscription service offers regular regulatory updates,
including the most recent legal, tax and accounting changes that affect your business.