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Understanding the Harmonized System (HS) for your import-export China Business
A growing number of foreign companies is looking to start or increase their import-export business in China. Classifying and declaring...


Rapidly aging population is forcing China to reform pension system
Due to its rapidly aging demographics, the Chinese government has made the reform of its pension and retirement system a national...


Despite efforts to protect IP in China and shorter registration period, challenges remain
Last year, the Chinese government issued amendments to the Patent Law, Copyright Law, and Criminal Law, as well as other measures aimed...


Digital yuan is slowly gaining popularity through new user-friendly app
The Chinese government has increased its efforts to establish a strong digital currency, by recently launching an application that users...


Beijing continues to reinforce its First-Store and First-Launch economies
If your business is looking to open its first store in China, this may be the perfect time to do it. Last March, the Beijing Municipal...


Market entity registration and administration in China simplified by new regulations
Since March 1, 2022, a new regulation regarding the registration and administration procedures for all types of market entities in China...


Chinese authorities establish cybersecurity framework for cross-border data transfers
The Cyberspace Affairs Commission (CAC) of China published this past July the Measures on Security Assessment of Cross-Border Data...


Companies should pay more attention to green compliance in China
The Chinese government is determined to transform the country into a green, low-carbon, and circular economy. Foreign companies doing...


New Stamp Tax Law in China comes into effect, changing rates and creating new exemptions
The new Stamp Tax (ST) Law in China, effective since July 1, 2022, has been updated to simplify the existing system of taxation, as well...


Fully digitalized e-fapiao will bring more efficiency and transparency to invoice system in China
Foreign companies doing business in China are most likely familiar with the term fapiao, which refers to the Chinese invoice system. This...


Closing a company in China, a long and complicated process
There are many reasons why a company in China may decide to close its doors. It is not always easy for foreign investors to compete with...


Companies in China can now opt for dormant status to overcome unpredicted difficulties
In the past, a company in China facing difficulties or other uncertain circumstances had to choose between closing its doors permanently...


Foreign business professionals are slowly returning to China
After more than two years with a strict “Zero Covid” policy to prevent the spread of the virus, China has eased some rules and entry...


How to choose the correct route to enter the Chinese market
With over 1.4 billion people, China has become one of the most active and interesting markets on the globe. Attracted by these massive...


China’s New Rules on Import and Export Food Safety are now in effect
The COVID-19 pandemic has made Chinese authorities more vigilant regarding food imports into the country. Since January 1, 2022, a series...


Chinese government expands and extends “Tax and Fee reduction” policies
The Chinese authorities have decided to take additional measures to implement more tax and fee reduction policies to better stabilize the...


Changes in China’s Urban Maintenance and Construction Tax Law (UMCT)
Effective September 1, 2021, the new Urban Maintenance and Construction Tax Law (UMCT), as well as three supporting regulations,...


How the Taxpayer Rating System in China in China can affect foreign companies
Foreign companies operating in China can benefit greatly from the Taxpayer Rating System in China; a good tax credit rating and enjoy...


China implements simplified deregistration process to facilitate market exit
Attracted by the rapid growth of the Chinese economy, many foreign companies have expanded their business operations in China. Though the...


How privacy law in China will impact employment management process
The Personal Information Protection Law (PIPL), designed to protect the privacy rights of individuals living in China, will have a...
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