China Tax Filling Calendar 2023, the State Tax Administration published the tax filing and payment deadlines for 2023, clarifying the deadlines for taxpayers.
China revised Foreign Trade Law and canceled the need for foreign trade operators to file and register with the commercial authorities.
Sapience Pro, together with Shanghai Lingang Jinshan No.2 Industrial Zone, Shanghai Carbon Valley Green Bay R&D Base Industrial Development Co., and the Shanghai Institute of Chemical Industry, organized an online sharing on R&D Safety and Environmental Protection Construction Management. The event was a great success, with close to 100 local & overseas participants. The attendees were mainly leaders from chemical companies…
According to the National Health Commission, China will remove quarantine rules for all passengers traveling to China beginning January 8, 2023. The health authority said in a statement that COVID-19 would also be downgraded to Category B from the current Category A, meaning that quarantine will no longer be enforced. According to the National Health Commission, China will refer to…
China’s industrial sector is demonstrating a significant rebound, marking a phase of economic stabilization and recovery. This positive trend is reflected in the consistent rise in profits across various industrial firms, as reported by the National Bureau of Statistics (NBS). Accompanying these industrial shifts are strategic adjustments in foreign workforce policies and new initiatives in Beijing’s service sector, further indicating…
In a landmark decision, China has announced a visa-free entry policy for citizens of six European countries – France, Germany, Italy, the Netherlands, Spain – and Malaysia, signaling a significant shift in its international engagement strategy. This policy, effective from December 1, 2023, to November 30, 2024, allows holders of ordinary passports from these nations to enter China for various…
China’s economic landscape continues to attract robust foreign investment, offering promising growth opportunities for international companies. State-level economic and technological development zones in China have lured over 30,000 foreign-funded enterprises. These zones, crucial to China’s integration into the global industrial ecosystem, generated a regional GDP of 15 trillion yuan last year. On the other side, a recent survey involving 700…
China’s industrial sector has seen a 7.7% increase in profits in the third quarter of 2023, reversing a decline observed over five previous quarters. According to the National Bureau of Statistics (NBS), this surge suggests an improving economic landscape aided by policy measures. In the first nine months, overall industrial profits dropped by 9%, a decrease that has steadily narrowed…
China has recently joined the Apostille Convention, effective from November 7, 2023. This development streamlines the international circulation of public documents between China and 122 other member countries. The Apostille certification will now replace the previously required dual authentication process, significantly reducing processing time. Highlights China joined the Apostille Convention on March 8, 2023. New process eliminates dual authentication requirements.…
The latest economic indicators from China provide an optimistic picture of its economic landscape. Declining producer prices, stable consumer inflation, and a modest drop in foreign trade all point to ongoing stabilization. Key Points Producer Price Index (PPI) declined by 2.5% year-on-year in September, improving from a 3% decline in August. Consumer Price Index (CPI) remained flat year-on-year but rose…
In the third quarter of 2023, Small and Medium-sized Enterprises (SMEs) in China have shown signs of recovery, as indicated by a marginal increase in the SME Development Index to 89.2. Concurrently, China’s Golden Week saw a remarkable surge in consumer spending, notably in tourism and retail sectors. Key Points SME Development Index: The Q3 2023 Index increased to 89.2…
China has been making efforts to ease travel restrictions and attract international visitors. Below are the critical points about Chinese visa policies for foreign travelers, including regional exemptions and updated policies as of October 2023. 72/144-Hour Visa-Free Transit Eligibility: Citizens of specific European countries, America, Oceania, and Asia are eligible Requirements: A valid international travel document and a connecting ticket…
Summary Recent figures from the National Bureau of Statistics (NBS) indicate that China’s economy bounced back in September 2023, with robust growth across various sectors. The manufacturing industry and retail sales, in particular, have spearheaded this impressive recovery. The latest figures from the National Bureau of Statistics (NBS) suggest that China’s economy has shown promising signs of recovery in September…
China’s Economy in H1 2023 demonstrated strength and resilience, showcasing a 2.1% YoY growth in foreign trade and an impressive 3.7% YoY increase in exports. The ASEAN bloc retained its position as China’s primary trading partner, underlying the strategic importance of this regional bloc in China’s foreign trade landscape. Remarkably, the nation witnessed a 21.6% YoY surge in automobile exports, primarily driven by the booming new energy vehicles (NEVs) market. Meanwhile, the country experienced mild inflation, with the Consumer Price Index (CPI) remaining flat in June 2023. The Producer Price Index (PPI), however, saw a notable decline of 5.4% YoY in June, the sharpest drop in over seven years. Despite this, China emerged as the world’s leader in IPO activity, and Shanghai saw a significant boost in consumer confidence, pointing towards an optimistic economic future.
