China Briefing News

MOF, SAT Interview on China Tax Reforms

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Apr. 25 – Newly appointed Minister of the Ministry of Finance (MOF) Lou Jiwei and Director of the State Administration of Taxation (SAT) Wang Jun were interviewed by the official central media of China on April 16 concerning the further development of the pilot reforms on the value-added tax (VAT) in lieu of business tax […]

China Clarifies the Determination of Beneficial Owners under Double Taxation Agreements

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China recently released Circular 30, aiming to avoid double-taxation and appropriately reduce tax burdens by clarifying the determination of beneficial ownership.

China Releases Access Requirements for Wine Industry

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China’s “Wine Industry Access Requirements” have been formulated by the Ministry of Industry and Information Technology and will come into effect on July 1, 2012

China’s State Council Issues Opinion on International Cooperation and Competition

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China recently released a guiding opinion identifying eight major goals and tasks, and also specifying eight protective measures to boost China’s strength in international cooperation and competitions.

Nationality Row over Qualifications for China Lawyers

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Jun. 5 – China’s Ministry of Justice is coming under the spotlight as are the roles of foreign lawyers in China following a case involving PRC-educated and qualified lawyer Stanley Cha, formerly of King & Wood, The Lawyer magazine has reported. Cha, who practiced Chinese law with both Llinks and King & Wood, served on […]

Shanghai Issues Guidelines on Wage Increases for 2012

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The Shanghai government issued a notice on May 21, specifying the government’s suggested 2012 wage increases for enterprises in Shanghai.

EU Chamber Warns of China Investment Withdrawals

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May 29 – Davide Cucino, president of the European Union Chamber of Commerce in China, has warned that the investment climate among European businesses in China is becoming increasingly negative. Citing stalled reforms and perceived discrimination, the Chamber – in conjunction with Roland Berger Strategy Consultants – found through a recently conducted survey that problems […]

China Minimum Wage Update

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Update (January 28, 2013): See our most recent – and more comprehensive – article on China’s minimum wage levels by clicking here. By Julia Gu May 25 – Recently, soaring costs in China’s traditional manufacturing clusters, including land prices, tightening environmental regulations, and wage overheads, have been posing challenges for manufacturers. The Chinese government is […]

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