China Briefing News

China’s Economy in November 2024: Mixed Signals amid Persistent Challenges

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China’s economy showed mixed performance in November 2024, with industrial production and exports showing resilience, while retail sales and fixed asset investment underperformed, amid ongoing challenges.

China Upgrades 144-Hour Visa-Free Transit to 10-Day Stay, Adds 21 Ports

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China expands visa-free transit policy from December 17, 2024, allowing eligible foreign travelers to stay up to 240 hours (10 days). The update also adds 21 ports, bringing the total to 60 across 24 provinces.

Hong Kong Public Holidays 2025

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Hong Kong will observe 17 public holidays in 2025, including five long weekends for Lunar New Year, Ching Ming Festival, Easter, the Birthday of the Buddha, and Christmas.

China’s Central Economic Work Conference (CEWC): Key Takeaways and Priorities for 2025

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The 2024 China’s Central Economic Work Conference (CEWC) outlined China’s economic priorities and strategies for 2025.

China Expands Private Pension Scheme Nationwide Following Two-Year Pilot Program

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After a two-year pilot program, China has officially expanded its private pension scheme nationwide. Starting December 15, 2024, workers nationwide can participate in this supplementary pension scheme.

Financial Analysis and Cost Audits: Identifying Cost Inefficiencies

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Identifying cost inefficiencies is crucial for cost reduction, with financial analysis and cost audits serving as key tools. Cost audits also play a vital role in ensuring the sustainability of these optimization measures.

Encouraged Catalogue for Western China 2025: Trends and Opportunities

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China has unveiled the latest Encouraged Catalogue for Western China 2025, in a bid to lure investment into prioritized areas of its vast western region.

New Guide for Cross-Border Personal Data Transfers in the GBA: A Roadmap for Compliance and Security

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The Technical Committee for Information Security Technology (TC260) has released a new guide to standardize cross-border personal data transfers between the Chinese Mainland and Hong Kong within the Guangdong-Hong Kong-Macao Greater Bay Area (GBA). This guide introduces enhanced security standards and mutual recognition mechanisms, aiming to facilitate smoother data flows while ensuring robust protection of personal information.

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