In this policy update, Joe Cash explains how UK firms selling into the China market from Hong Kong or the Greater Bay Area can take additional steps to improve the extent to which their business with Mainland China is protected under PRC law Commercial dispute settlement in China is set to become (slightly) more ‘foreign company-friendly,’ following three important changes that China has made to its commercial arbitration framework. The …
Category:
Law
The State Administration for Market Regulation (SAMR)’s annual legislative plan plays a big role in shaping China’s business environment. Joe Cash runs through this year’s key takeaways It’s that time of year again: China’s market regulator has released its legislative plan for 2021. The State Administration for Market Regulation’s (SAMR’s) activities impact pretty much every company trading in China, be they foreign or domestic. Its annual legislative plan plays a …
China’s 14th Five Year Plan sets modest targets while focusing on structural reforms; science and technology development remain top priorities; and Beijing favours a holistic approach to renewable energies instead of a specific emission target, writes Torsten Weller Delegates to China’s National People’s Congress passed the 14th Five-Year Plan (FYP) and economic long term strategy out to 2035 with 99% support on 11 March, rounding out this year’s ‘two sessions’ …
The cost of hiring a British or other foreign national in China is set to grow by as much as 30% by 2022, depending on how the company structures its contracts with foreign workers. Joe Cash explains. Next year’s increased costs of employing foreign workers comes as a result of changes to the Individual Income Tax (IIT) system planned for 2022, in line with amendments to China’s tax code that …
Video: CBBC Chair Sir Sherard Cowper-Coles discusses the UK’s policy towards China with CRG In this video, Tom Tugendhat, chairman of the House of Commons Foreign Affairs Committee and head of the China Research Group, invited Sir Sherard Cowper-Coles, Chair of CBBC, to discuss the UK’s policy towards China. Emphasising that China is a very important market for UK jobs, and the British economy, Sir Sherard highlighted CBBC’s view that …
From the race to find a Covid-19 vaccine, to Huawei’s UK 5G ambitions and Xi Jinping’s focus on IP rights in China: Peter Mumford looks at some of the intellectual property stories that made the news last year China’s hunt for a Covid-19 vaccine As with all things 2020, the only place to start is with the Covid-19 pandemic and the race to find a vaccine for the virus that …
China is increasingly open to overseas tech investors and the burden of regulation is lower than ever before: You should get to know the red tape related to China’s labour laws, Cyber Security Law and others – but it doesn’t need to stand in your way China is a territory rich in potential for UK tech companies, with a hunger for technology and innovation. Yet organisations wanting to capitalise on …
It could hardly have been a busier end to 2020 for Europe’s trade negotiators. A post-Brexit agreement with the UK signed just before Christmas ended up being merely an hors d’oeuvre to what the European Commission has described as its ‘most ambitious’ deal ever with a third party – a Comprehensive Agreement on Investment (CAI) with China. At the beginning of 2020, an agreement between the European Union and China …
Yash Dubal, Director at A Y & J Solicitors explains the new UK immigration system and how it relates to business with China: Members and affiliates of CBBC will be all too aware of some of the challenges faced by organisations that do business with China arising from decisions made in Westminster. The ramifications of political decisions can sometimes be problematic. One piece of recent policy that bucks the trend, however, should …
China’s Export Control Law took effect on 1 December 2020, making it the first comprehensive and unified export control law in China. Here, Li Chengrong, Gao Xi and Lv Sixuan of Zhonglun Law Offices explain it in more detail The Export Control Law (ECL) not only draws attention to the widely-defined control list of exported items and the temporary control regime – which used to be stipulated by scattered regulations …