New Capital Rules in China
China’s official Manufacturing PMI (Purchasing Managers’ Index) rose to 50.1 in January 2023 from 47.0 in December 2022, the first expansion in four months. This was due to the Lunar New Year holiday and the re-opening of businesses amid Covid-19 restrictions, which generated increased travel and spending. The NBS (National Bureau of Statistics) reported that the PMI had previously fallen…
New Shanghai Action Plan, China’s commercial hub, is taking measures to enhance its business climate with the latest iteration of the Shanghai Action Plan for Strengthening Integrated Innovation and Continuously Optimizing the Business Environment. The plan’s primary goal is to create an international-first-class economic climate with the most convenient trade and investment, outstanding administrative efficiency, standardized government services, and a…
Happy Chinese New Year! As the Lunar New Year approaches, the Sapience Pro team would like to extend our best wishes to our clients and partners. This major cultural event symbolizes the start of a new year, and we are excited about the chances and possibilities it presents. The Chinese New Year is a special occasion representing new beginnings and the…
China’s Foreign Trade Reaches New Heights in 2022 Despite Complex Global Environment
China Issued 2023 VAT Policies and Exemptions for Small Businesses. This includes an exemption for small businesses with monthly sales of 100,000 yuan or less.
China revised Foreign Trade Law and canceled the need for foreign trade operators to file and register with the commercial authorities.
