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…
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…
New Capital Rules in China
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…
China Tax Filling Calendar 2023, the State Tax Administration published the tax filing and payment deadlines for 2023, clarifying the deadlines for taxpayers.
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.
