China Briefing News



Guangxi Clarifies Tax Management on Major Construction Projects (Sep 6)
Sept. 6 – The Guangxi provincial tax bureau released a notice on Aug. 27 clarifying tax management on major construction projects, effective from October 1, 2010. Major construction projects include projects promoted at the regional and prefecture levels, real estate development projects, and ones which local tax authorities deem should be included. According to the notice, enterprises [...]


Relocation Costs from China to India and Vietnam (Sep 3)
Op-Ed Commentary: Chris Devonshire-Ellis Sept. 3 – One of the issues that crops up time and again in China is of course the labor law, which has had the effect of marginally increasing salaries, but more importantly, locking businesses in to retaining their workers. That’s a typical socialist political move – workers rights, and also suits [...]


West China: Why FDI Should Consider the Region (Sep 2)
Op-Ed Commentary: Chris Devonshire-Ellis Sept. 2 – Following the conclusion of our series of articles about investing in China’s western regions, I believe that foreign investors would do well to look at these emerging markets in China. As sales markets in the United States and Europe remain stagnant following the global recession and growth remains slow, [...]


New Foreign-managed Hotel to Open in Tibet (Sep 2)
Sept. 2 – Beijing has approved the development of a new five star hotel in Tibet, the first to be developed there since the pull-out of the Lhasa Holiday Inn several years ago. The hotel, to be built by listed company Tibetan Tourism, will be located in the remote town of Pai, in the beautiful Yarlung [...]


China Industry: Sept. 2 (Sep 2)
Sept. 2 – This is a regular series of relevant industry news from around China. Air transport China Southern Airlines will commence additional flights to Australia from October 31. The company will boost the number of daily flights between Guangzhou and Sydney from the current one to two. China Southern will also start flying seven times a [...]


New Special Economic Zone in Yili, Near Kazakhstan Border (Sep 1)
Sept. 1 – China has ratified a new special economic zone in Yili, in northwestern Xinjiang near the border with Kazakhstan. The area is already China’s only Kazakh autonomous prefecture, populated mainly by ethnic Kazakhs. The prefecture has a total population of four million with about 500,000 living in the city of Yining, also known [...]


CIRC Clarifies Local Insurance Clauses and Premiums for Property Insurance Companies (Sep 1)
Sept. 1 – China’s insurance regulator recently clarified several issues regarding local insurance clauses and premiums related to property insurance companies. The China Insurance Regulatory Commission issued Baojiantingfa [2010] No. 61 on August 3, stipulating that all insurance companies will sort local insurance clauses and premiums, which were submitted to the local branches of the [...]


New Issue of China Briefing: Employment Overheads in China’s Social Security System (Sep 1)
Sept. 1 – In the September issue of China Briefing we look at China’s social security regime and the five social insurance funds that enterprises in China must contribute to: pension, medical insurance, unemployment insurance, maternity insurance, and occupational injury insurance. We also look at the housing fund, another mandatory fund that both employers and employees [...]


Investing in Yunnan: ASEAN, Adventure Tourism, Myanmar and India’s Elephant in the Backyard (Aug 31)
By Chris Devonshire-Ellis Aug. 31 – Yunnan has always been an enigmatic province; encompassing four major Chinese minorities influenced by Vietnam, India, Burma and Tibet, and home to the very eastern end of the Himalayan ranges, it is never a simple region to categorize. However, due to booming trade with the Association of Southeast Asian Nations (ASEAN) [...]


SAT Clarifies Offset of Accumulative Losses after Cancellation of Consolidated CIT Payments (Aug 31)
Aug. 31 – The State Administration of Taxation recently released a notice regarding the handling of corporate income tax on the accumulative loss of the previous years after the cancellation of consolidated payments, effective from January 1, 2009. According to the notice, after canceling consolidated payments of CIT, a corporate group is allowed to allocate the [...]