Expats in China: still non-taxable allowances
China is now the world's fastest-growing major economy, according to the World Bank, counting a gross domestic product that in 2021 increased by 8.1% compared to the 2020, accelerating from the growth rate of 2.2%. Its rapid rise of China is the result of a precise leadership choice that in recent years has aimed to encourage investm...
European Companies Doing Business in China: The Complications Which Ultimately Lead to the Rewards
With the recent conclusion of the Beijing 2022 Winter Games further showcasing the attractiveness and unifying quality sport can have across nations, witnessing the hosts hand the flag over to their European counterparts for the Milano Cortina 2026 Winter Games, with the motto of "Duality, Together", very fitting for the sporting sp...
A Tale of Four Regions-Part 1
Covering an area of approximately 9.6 million square kilometers, China is the world's third largest country, along with world’s biggest population, 1.4 billion. China is so big that the gaps among different places across China are so wide that it is often said that one province in China is like equivalent to a country in Europe (Ch...
A Tale of Four Regions-Part 2
China’s COVID Policy & Integration
It would be remiss not to mention that as of March 21st, 2022, the Chinese Mainland has been experiencing a considerable spike in COVID-19 infections (although official figures are still considerably lower than in other countries throughout...
China’s Regulation and Protection of Data-Compliance Requirements: Opportunities for Investors
Data and privacy protection have been some of the most uniquely modern and rapidly evolving global concerns of the 21st Century. Equally sharing this common concern, China is placing a focal point of the government's work in establishing a uniform and comprehensive cybersecurity policy for...
Carbon Neutrality & China
Achieving carbon neutrality in recent years has become a key policy objective for the Chinese government and has been taking shape in the form a series of domestic policy shifts, yet the path to carbon neutrality remains riddled with obstacles. Within this context, the European Chamber of Commerce in ...
Cause for Dispute
China’s reliance on SOEs continues despite reform commitments
When contemplating the 20th anniversary of China’s accession to the World Trade Organization (WTO), which brought about much publicised and historical changes to the Chinese economy amid domestic political reforms, it would be remiss no...
Obligations under the Personal Information Protection Law
The second version of the draft Personal Information Protection Law (PIPL or the Draft) period for public consultation is now closed. With personal information data increasingly a hot button topic globally amid cybersecurity investigations into popular apps...
Private Equity in China
Geo-political tensions, strong policy moves and a global pandemic have given rise to shifts in the private equity (PE) market in China for foreign investors, with industry sources reporting a steady decline in new international investors or even divestiture of China holdings. However, there may be light at the end of the tunnel. In t...
Data Protection in China: A 21st Century Zeitgeist
According to Satya Nadella, CEO Microsoft, the pandemic has accelerated digital transformation by almost a decade. The digital era has come to be.
Globally, there has been a push toward more robust rules to protect consumer data and privacy, as well as to safeguard important information from corruption, compromise or loss, and Chi...