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strategy

Beijing Announces Visa and FDI Incentives to Attract Foreign Talent

Beijing has announced new visa, residency, and foreign investment incentives in ...

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finance

China to Simplify Business Registration for Foreign Investors

China will simplify business registration procedures for foreign-invested ...

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profile

Resurgent Chinese visitors offset lethargic tourism sector

A resurgence of Chinese visitors is a highlight for the domestic tourism sector, which ...

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commentary

Former New Zealand ambassador to China reflects on his time in...

We first visited Beijing in October 1976, just a few weeks after the death of Chairman ...

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general

Mandarin language assistants welcomed

Forty eight Mandarin Language Assistants were officially welcomed to New Zealand ...

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Tax and Finance

China to Simplify Business Registration for Foreign Investors

China to Simplify Business Registration for Foreign ...

China will simplify business registration procedures for foreign-invested enterprises in a bid to spur foreign investment, Premier Li Keqiang announced following a State Council meeting on May 16. The measures, which will go into effect on June 30, 2018, include the “One Window, One Form” policy...

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China Slashes VAT Rates in US$64 Billion Tax Cut

China Slashes VAT Rates in US$64 Billion Tax Cut

China will cut value-added tax (VAT) rates for businesses in the manufacturing, transportation, construction, telecommunication, and agricultural sectors, according to Premier Li Keqiang. The cuts – which came into effect on May 1, 2018 – are expected to slash taxes by RMB 240 billion...

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Profit Repatriation from China

Profit Repatriation from China

For foreign companies with subsidiaries in China, profit repatriation from their subsidiaries has always been an important and challenging issue. China maintains a strict system of foreign exchange controls, meaning funds flowing into and out of China are tightly regulated. It is important for foreign investors to...

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China’s Reduced VAT Rates

China’s Reduced VAT Rates

China recently lowered its value-added tax (VAT) rates, as part of an RMB 400 billion (US$64 billion) tax cut package. China's Ministry of Finance (MOF) and the State Administration of Taxation (SAT) recently released the Circular about Adjusting the Rates on Value-added Tax, which explain the...

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Understanding Legal Proceedings in China

Understanding Legal Proceedings in China

For foreign investors running businesses in China, it is very likely that they would find themselves feeling wronged by another party who has failed to live up to their end of a contract. Many foreign business owners hesitate to enter litigation in China because they assume that the legal process in China is a time consuming...

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China widens economic influence

China widens economic influence

Beijing’s ‘One Belt, One Road’ is a small phrase with major ambitions. Noel McNamara explains what it means for New Zealand exporters and global trade. In response to expected flat world trade growth abroad and moderating economic activity at home, China is packaging a series of initiatives to help...

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Tax Benefits of Changing from an RO to a WFOE

Tax Benefits of Changing from an RO to a WFOE

There are many reasons why setting up a Representative Office (RO) in China is beneficial for a company, with the simplicity and low cost of the registration process being among the most attractive. If a company is beginning its venture into China or only wants a research/support post then an RO is a great way to get started....

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What to expect from China’s new investment laws

What to expect from China’s new investment laws

On 19 January 2015 MOFCOM issued a draft of the PRC Foreign Investment Law for public comment (FIL). Below we highlight key features of the new foreign investment regime. While the road to the actual passage of the FIL will likely take at least another eighteen months, it is clear that once adopted, the FIL’s impact...

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Qualifying for DTA Benefits in China

Qualifying for DTA Benefits in China

China has made great strides in the past five years in building up its regulation in the area of double taxation avoidance, as well as implementation assurance techniques, but qualifying for DTA benefits remains a complex procedure. The first step is to determine whether you are a tax resident of a country that has an...

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Economic linkages between New Zealand and China

Economic linkages between New Zealand and China

The Reserve Bank of New Zealand published an Analytical Note on “Economic linkages between New Zealand and China” in October 2014. Over the past several decades, China’s share of global output and trade – and of trade with New Zealand – has increased rapidly. This note outlines some of the ways...

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China Corporate Bond Market Overtakes the U.S. as World’s Biggest

China Corporate Bond Market Overtakes the U.S. as ...

China has overtaken the United States as home to the world’s biggest corporate borrowers, with some US$14 trillion of debt, says a report newly issued by Standard & Poor’s. The report predicts that China will absorb 30 percent of all global debt over the next five years and that the Asia-Pacific region will...

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Price volatility signals the yuan is closer to becoming a global currency

Price volatility signals the yuan is closer to becoming a ...

By Gordon French, Asia-Pacific head of global banking and markets at HSBC. Gordon French says even with the current capital controls, it has become an attractive asset. The recent dip in the value of the Chinese currency surprised many in the markets, but it shouldn't have. The renminbi occupies a position all of its...

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