Other Briefings
We cover the latest economy and trade, legal and tax updates, industry insights, and HR and payroll news that are most relevant to doing business in China. Here are our top China news summaries.
Shanghai Lingang New Area Releases Whitelists for Data Export, Facilitating Cross-Border Data Flows
Shanghai’s Lingang New Area has released general data lists that will facilitate data export for companies in the automotive, biopharma, and mutual fund sectors.
Tianjin Free Trade Zone Releases China’s First Negative List for Cross-Border Data Transfer
The Tianjin Free Trade Zone has released China’s first data Negative List outlining the types of data that must undergo a security review by China’s cybersecurity bureau to be transferred out of China.
China’s New Measures to Support Foreign Investment in Sci-tech Firms
China seeks to attract sci-tech foreign investment by relaxing rules, fostering partnerships, and enhancing the investment climate.
Shenzhen’s Qianhai Cooperation Zone Expands Preferential IIT and CIT Policies
The Shenzhen Municipal Tax Bureau, Shenzhen Municipal Finance Bureau, and State Tax Administration have issued two notices broadening tax incentives for individuals and companies in the Qianhai Cooperation Zone.
China-Türkiye Trade and Investment Profile
The bilateral investment relationship between China and Türkiye is characterized by promising opportunities in various sectors, including automotive, renewable energy, and infrastructure.
China’s GDP Grows by 4.8% in the First Three Quarters of 2024
China’s GDP grew by 4.8 percent in the first three quarters of 2024, according to the NBS data. By quarter, the GDP grew by 5.3%, 4.7%, and 4.6% from Q1 to Q3, respectively.
China to Pilot Water Tax Nationwide: What Does It Mean for Businesses
Starting from December 1, 2024, China will implement a pilot water tax nationwide, replacing the current water fee charging mechanism. The cost burden of water usage for residents and general industrial and commercial activities will remain unchanged.
Transit Visa Exemptions in China: 24-Hour, 72-Hour, and 144-Hour Options
Foreign travelers have several options for transit visa exemptions when traveling through China between two different countries, including 24, 72, or 144 hour transit visa exemptions.
China’s Outbound Investment Trends: Sources, Destinations, and Key Sectors
China’s outbound investment (ODI) is surging from already-record levels. In 2023, China’s ODI rose by 8.7 percent to reach US$177.3 billion, making it the third-largest source of ODI globally.
A Guide to Minimum Wages in China (As of October 15, 2024)
Jilin and Yunnan’s new minimum wage standards will take effect October 1, 2024, both of which surpass the RMB 2,000 (US$275) mark.
SPC Interpretation: Tort Liability Compensation in Labor Relations and Dispatches
China’s Supreme People’s Court (SPC) has issued a judicial interpretation, which clarifies the tort liability compensation in labor relations and dispatches, among others.
China Tax Filing: Apply for Super Deductions of R&D Expenses for Q1-3 2024 in October
China’s tax authority reminds taxpayers that they can apply for the super deduction of R&D expenses for the first three quarters of 2024 during the October filing period.
