China’s 2023 economy is set to beat targets after a year of robust GDP growth unleashed by the lifting of COVID-19 restricitions.
China is preparing for the World Bank’s new Business Ready (“B-READY”) ease of doing business report. Big cities include Shanghai, Beijing, and Shenzhen have released a range of policy measures in 2023 to improve the business and investment environment for both foreign and domestic companies.
In our November China Monthly Tax Brief, explore new local government tax and subsidy incentives targeting high-quality investments.
We discuss how digital recruitment practices optimize candidate selection and HR processes, and can be leveraged by China-based firms.
We discuss the China annual compliance procedures and their timeline in 2024 for foreign invested enterprises and representative offices.
China’s cybersecurity regulator has issued draft measures mandating companies to report network security incidents. Feedback is being solicited till January 7, 2024.
From January 8, 2023, China resumed the issuance of passports for Chinese citizens, ordinary visas and residence permits for foreigners, as well as tourist visa exemption for short-term travelers.
Dongguan sets deadlines for applying Greater Bay Area Individual Income Tax Subsidy (GBA IIT subsidy) for 2020-2022.