China Economic Roundup – August 2023
China’s economic data for August indicates an encouraging trend towards stabilizing growth and suggests improving conditions. Surpassing expectations, industrial output and retail sales have exhibited robust growth, sparking renewed confidence in the Chinese economy’s ability to achieve its annual growth target. However, there are still challenges waiting ahead.
How to Stay Compliant with China’s Labeling Requirements for Imported Food
We discuss the relevant laws, national standards, and market guidelines that impact China’s food labeling requirements for importers.
China Public Holiday 2023 Schedule
The final week-long public holiday arrangement of 2023 is just around the corner. Have you begun to make plans for your business? This year, the National Day holiday spans from September 29 to October 6, coinciding with the Mid-Autumn Festival within the same timeframe.
China Amends Civil Procedure Law: Impact on Foreign Companies
A new amendment to China’s Civil Procedure Law expands the jurisdiction of Chinese courts, making it easier for foreign-related cases to be heard in China. Foreign firms and new China-bound investors are advised to familiarize themselves with the fine print of the law.
Entering China’s Infant Formula Market: Regulations, Opportunities, and Challenges
China’s infant formula market is expanding thanks to a growing middle class, declining breastfeeding rates, and evolving policies. In this article, we explore strategies for foreign companies to enter and thrive in this market.
China’s Proposed Measures to Ease Cross-Border Data Management for MNCs
We provide an overview of the current cross-border data transfer requirements and China’s initiatives to facilitate cross-border data management for multinational corporations (MNCs).
China Announces New Additional VAT Deduction for Advanced Manufacturing Companies
China’s tax authorities have announced a new additional 5% VAT deduction for companies in the advanced manufacturing sector.
China’s New Draft VAT Law – How is it Different from Previous Tax Regulations?
The new draft version of the China VAT law makes some major changes to existing tax regulation. Here’s how it could impact businesses.