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International Law

China Briefing Blog China Briefing Blog

Provides news, analysis and commentary on economic, business and regulatory issues in China.
By Andy Scott and Chris Devonshire-Ellis

Post Frequency: 3.4/day

Last Entry: May 25, 2010 at 04:47:32

Recent Entries: 561

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China to Revise FDI Procedures

Posted on April 16, 2009
Apr. 16 - China will further revise its foreign direct investment (FDI) approval procedures in a bid to make the process efficient and channel more investments to the western and central parts of the country. Despite China’s FDI inflow slowing down for the sixth consecutive month, March figures indicate that the economy may be picking [...


Rules for Deducting Commision Expenses During Tax Filing in China Clarified

Posted on April 15, 2009
Apr. 15 - The State Administration of Taxation and the Ministry of Finance recently issued a circular clarifying the rules for deducting commission expenses during enterprise income tax filing. The circular, Caishui [2009] No. 29, was issued March 19 and sets a deduction ceiling at 15 percent of the prescribed premium income for property insurance companies [...


Hong Kong, Shenzhen and Shanghai Listed as the Most Competitive Cities in China

Posted on April 15, 2009
Apr. 15 - The seventh edition of the Blue Book on Urban Competitiveness conducted by the Chinese Academy of Social Sciences (CASS) listed Hong Kong, Shenzhen and Shanghai as the three top competitive cities in the country. The newest entrant to the top 10 is the coastal city of Qingdao; which hosted the sailing events for [...


China Industry: Apr. 16

Posted on April 15, 2009
Apr. 16 - This is a regular series of relevant industry news from around China. Air transport Chongqing Airlines, a company jointly owned by China Southern Airlines and Chongqing International Invest Co, received its first of three Airbus A319s at a ceremony held in Hamburg, Germany...


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China in Asia: Apr. 14

Posted on April 14, 2009
Apr. 14 - Here is how China has been reported across the region over the past week. China / India Border Disputes: Arunachal Pradesh With news that China has vetoed plans for an Asian Development Bank loan to India for development of the Arunachal Pradesh region, we take a look at why the region is disputed, [...


Five Year Tax Exemptions for Media and ?Cultural? Industries

Posted on April 14, 2009
Apr. 14 -The Chinese government has announced a preferential tax policy spanning five years to help boost the country’s “cultural  industries.” According to the Ministry of Finance, cultural companies will be qualified for an exemption of value-added tax, business tax or import duties from 2009 to 2013...


Rules for Chinese Overseas Investment Relaxed, Guidelines Issued

Posted on April 12, 2009
Apr. 13 - The Ministry of Commerce released its first guidelines for overseas investment by Chinese companies on Friday. The document, encompassing some twenty countries approved by the central government to receive Chinese investment, are part of the ministry?s strategy to assist Chinese companies abroad and come on the heels of last month?s relaxing of [...


China Industry: Apr. 13

Posted on April 12, 2009
Apr. 13 - This is a regular series of relevant industry news from around China. Solar power Solar power technology supplier Canadian Solar has nabbed an order to supply 80,000 solar panels of 1.6 MW in total for rural households in China?s Sichuan province...


Shanghai to Extend Financial Street Along the Bund

Posted on April 10, 2009
SHANGHAI, Apr. 10 - As part of the city’s ambitions to be an international financial and shipping center by 2020, the financial street along the Bund will be extended southward to Nanpu Bridge forming a 2.6 square kilometer zone. It will span from the south bank of Suzhou Creek in the north to Lujiabang in the [...


Whirlpool to Close Shanghai Plant and Move to Zhejiang

Posted on April 10, 2009
SHANGHAI, Apr. 10 - U.S. appliance maker, Whirlpool, is closing its washing machine plant in Shanghai and transferring to the Hisense-Whirlpool Facility in Changxing Economic Development Zone in Zhejiang Province. The move will cut 600 jobs in Shanghai but will create 900 jobs in the Zhejiang production base by the end of the year...


Establishing NGOs in China

Posted on April 10, 2009
By Christian Fleming SHANGHAI, Apr. 11 - The establishment of not-for-profit, nongovernmental organizations (NGOs) in China is becoming increasingly popular as the necessity of providing private alternatives to social, economic, political, and cultural issues becomes apparent...


Health Care Reform Offers Business Opportunities

Posted on April 09, 2009
Apr. 9 - China’s latest move to reform its health care system could provide business opportunities for technology companies, health-services providers, insurers and pharmaceutical companies looking to expand its market despite the global slowdown...


China to Standardize Rural Land-Use Transfer Rights

Posted on April 08, 2009
Apr. 8 - China is working out the details of implementing a model contract for rural land-use rights transfer to regularize farmland-use rights. The State Administration for Industry and Commerce said that the model will outline the object, time limit, payment, mode and time of payment of the deal in addition to the date of land [...


China in Asia: Apr. 8

Posted on April 08, 2009
Apr. 8 - Here is how China has been reported across the region over the past week. Asian companies are Investing More in their People Large companies across Asia are increasingly investing in human resources - attracting and keeping the best human capital as well as training them for business opportunities which they might face when the [...


China Industry: Apr. 7

Posted on April 07, 2009
Apr. 7 - This is a regular series of relevant industry news from around China. Solar power In order to stimulate the country?s solar industry, China’s Ministry of Finance will provide a subsidy of RMB20 per watt-peak for building integrated photovoltaics with a capacity of more than 50 kilowatt-peaks...


Beijing?s Car Restrictions to Continue for Another Year

Posted on April 07, 2009
Apr. 7 - Beijing’s revised restrictions on cars will continue for another year beginning April 13 and will only be enforced on weekdays not including holidays and weekends. Spokesman for the municipal committee of communications, Wang Zhaorong, said in a press conference that some of the rules were changed to make it easier for residents to [...


Forbes: Hong Kong has Friendliest Tax Regime in the Region

Posted on April 03, 2009
Apr. 3 - According to the 2009 Tax Misery and Reform Index, Hong Kong was ranked as the friendliest tax regime in the Asia-Pacific region and the third in the world. The index was done by business magazine, Forbes Asia and compared 50 jurisdictions around the world...


Zhangjiang High-Tech Park Continues to be Top Draw for FDI

Posted on April 01, 2009
SHANGHAI, Apr. 1 - Zhangjiang High-tech Park located in Pudong New Area still continues to be a top destination for FDI with a recent signing of contracts with local and international companies worth an estimated RMB4 billion. Government officials told Shanghai Daily that the investment is expected to generate more than RMB20 billion in output in [...


April Issue of China Briefing Online Now

Posted on April 01, 2009
Apr. 2 - The April issue of China Briefing magazine is online and available for download (complimentary subscription available). China’s value-added taxes contribute a large percentage of China’s annual tax revenue and account for a significant proportion of tax liabilities for many Chinese enterprises...


Foreign Investors Asked to Commit 5 Year Lockup for Bank Shares

Posted on April 01, 2009
Apr. 2 - The China Banking Regulatory Commission (CBRC) has extended the lockup period for bank shares held by foreign investors from of 3 years to 5 years or more. CBRC chairman, Liu Mingkang, was quoted by China Daily during a recent meeting held at the Chinese Academy of Social Sciences,  that if Chinese commercial [...


New Regulations on Travel Agencies Effective May 1

Posted on March 31, 2009
Mar. 31- New regulations that will allow local and foreign-owned travel agencies to run inbound and domestic tours with a lower registered capital requirement than was previously the case will take effect beginning May 1. The revised Regulations on Travel Agencies will permit foreign-owned travel agencies to set up in China with just RMB300,000 compared to [...


China in Asia: Mar. 31

Posted on March 31, 2009
Mar. 31 - Here is how China has been reported across the region over the past week. Asia To See Increased, But Lower Value M&A Deals This Year M&A activity in Asia is expected to increase over last year as more companies said they were looking to expand in the face of healthy valuations...


Chinese Protectionism vs. Political Pressure

Posted on March 31, 2009
Mar. 31 - One of the debates doing the rounds following the fallout of the Coke-Haiyuan deal is China’s attitude towards foreign investment. There have been cries of protectionism and warnings on the perils of doing business in China, and in certain quarters, an absolute belief that China is “anti-foreign takeover” doing the rounds...


China Increases Rebates on Textile, Metal Exports

Posted on March 30, 2009
Mar. 30 - Beginning April 1, tax rebate rates on selected textile, iron and steel, nonferrous metal, petrochemical, electronic information and light industrial exports will be raised. The amount of the tax rebate rate is still unavailable; pending confirmation from the State Council...


China Industry: Mar. 30

Posted on March 29, 2009
Mar. 30 - This is a regular series of relevant industry news from around China. Solar power Solar Energy Technology Support Center, a new joint venture technology project, has opened doors at the Hong Kong Science Park. The initiative is part of the “Shenzhen-Hong Kong Innovation Circle,” a cooperation agreement between Shenzhen and Hong Kong...


Beijing Rejects Local Gov?t Plans to Extend May Holidays

Posted on March 27, 2009
Mar. 27 - Beijing has rejected plans to change the May holidays after the local governments of Guangdong, Liaoning, Xinjiang Uygur Autonomous Region and Hangzhou City, Zhejiang announced an extended week in an effort to boost domestic consumption and tourism...


Guangdong Brings Back May Golden Week Holidays

Posted on March 26, 2009
Mar. 26 - The Guangdong government announced that it would bring back the May Day golden week holiday by advancing the following Saturday and Sunday and adding two days from the resident’s annual paid holiday to the three-day vacation from May 1 to 3...


China in Asia: Mar. 25

Posted on March 25, 2009
Mar. 25 - Here is how China has been reported across the region over the past week. Is this the Beginning of the Asian Century? Economists globally seem to think that emerging economies will come out of this crisis sooner and stronger than the developed economies...


Northeast Asia Regional Forum Concludes in Mongolia, Economic Cooperation Trumpeted

Posted on March 25, 2009
ULAANBAATAR, Mongolia, Mar. 25 ? Government ministers and business leaders from Northeast Asia came together with the United Nations Development Program for the 10th meeting of the Greater Tumen Initiative Consultative Commission, held in the Mongolian capital of Ulaanbaatar on March 24 and March 25...


Xinjiang to Offer First Local Government Bond Sale

Posted on March 25, 2009
Mar. 25 - The Xinjiang Uygur Autonomous Region is set to make history when it offers the first local government bond sale in the country amounting to RMB3 billion. The proceeds of the bond sale will be used to finance the economic stimulus package announced last year and reinforce schools and hospitals against earthquakes, build roads, [...


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