Six Key Points Regarding China’s Tax Reforms in 2012
According to the “Report on the Implementation of Central and Local Budgets for 2011 and on Draft Central and Local Budgets for 2012” presented to the National People’s Congress on March 5, China’s key tax reforms in 2012 will focus on six specific types of taxes,...
Comparison of the Regulatory Frameworks in Canada versus China for Public Companies
This blog post will provide a general overview of the regulatory frameworks that govern the securities and capital markets in both Canada and China. Canada In Canada, political authority is divided between the country-wide federal government and regionally within...
Franchising in China – More Enforcement Coming
China now has more than 4,500 franchise systems, more than any other country in the world. However franchising in China is still in a growth stage and there are a number of abuses and complaints that are too common. On January 10, 2012 MOFCOM issued the “关于 ‘十二五’...
Book review: China in the 21st Century – What everyone needs to know
A few decades ago, only a handful of experts in international affairs would have predicted – and believed possible – the rising of China to its current status of superpower. The “Reform and Opening” policies implemented in the late seventies contributed to...