The End to China’s COVID-Zero Policy
The zero-COVID measures enforced by China had been seen to be effective for a period of time, but as the world learned to live with COVID China had upheld the stringent measures. The measures, which had an impact on businesses and individuals, had restricted travel and impacted global supply chains . With the recent developments […]
China 2022 Q4 Results – Stable National Economy Manages Pressures
The year-on-year growth rate for the fourth quarter of 2022 increased by 2.9%, while the quarter-on-quarter GDP for the same quarter remain unchanged from the third quarter. Under the leadership of the CPC Central Committee and State Council, the economy of China maintained stability while responding successfully to internal and external challenges in the global […]
What to Expect From China in 2023
Globally 2022 has been a difficult economic period to navigate with so many headwinds prevailing. China had additional restrictions to manage with the implementation of its zero-Covid policies. Businesses became even more risk averse, most opting for a cash conservation approach to preserve much needed liquidity. Covid policies impacted staff, supply chains, logistics, manufacturing, productivity and […]
Banking in China
What is a Business Bank Account? A business bank account is a bank account used by business owners to carry out corporate transactions, in addition to being a separate account that allows businesses to effectively manage their finances and tax obligations. While business bank accounts operate similarly to a standard personal bank account, users often […]
Tax Rate in China
In accordance with Chinese tax legislation, every company operating a subsidiary in the country is obligated to fulfill monthly tax filings and other related requirements. Compliance with local standards for tax legislation is imperative to maintaining control and minimizing risk for your business in China. This article will go over the primary types of applicable […]
ERP Systems in China
If you work in finance, accounting or in the business arena in general you may have come across the term ERP, but what does it actually mean? ERP systems are growing in popularity as they offer many benefits compared to more traditional methods of managing data. In China, more foreign business managers are looking into […]
Challenges of Doing Business in China
Planning to invest in or open a business in China? Here are some of the challenges to expect when doing business in the Chinese market in 2023. How Easy Is It to Do Business in China? Despite the challenges posed by COVID, for a long time China managed to maintain the strength of its economy […]
Re-assessing Business Strategy China
The global economic outlook continues to be challenging, with energy supply uncertainty in Europe along with rising inflation and the lack of forecasted growth. However, with the COVID-19 restrictions, the property market crisis and other issues arising, there are additional headwinds that face businesses operating in China. In this article, we will examine 4 strategic […]
Decoupling from China
Since 2020 the landscape for business globally has been redefined. Weaknesses on a global level have been exposed, from failures on the governance front to frailties in supply chains and human resource practices that needed to be adjusted. It has also provided a strong contrast in examples of what constitutes great partnerships, whether it be […]
China Q3 Report 2022
After having been delayed for nearly a week due to the Chinese Communist Party Congress, there was a lot of speculation around the quarterly results and what they may reflect. The Q3 results for 2022, which were released on the morning of the 24th of October, reflected a sharp rebound in the GDP, faster than […]
