China News: China and what to do? De-couple, de-risk, or what?
In the last couple of months, the news from and or about China was not very favourable. Too many voices, and too many opinions but no clear picture as to how to keep the business with China going. As a matter of fact, de-coupling from China is no option! But what does China want from us? To provide a clearer picture and some guidance the European Chamber of Commerce in China has released its European Business in China Position Paper 2023/2024 (Position Paper 2023/2024), shedding light on the perplexing messages emanating from Chinese authorities. This contradictory messaging has left European businesses uncertain about the nature of China's desired relationship with them.
According to the Commissioner's Office of China's Foreign Ministry in the Hong Kong S.A.R, starting March 15, 2021, travelers who have received Chinese COVID-19 vaccines (Sinovac) and obtained the vaccination certificate will enjoy facilitation for visa applications.
Due to the recent increase of COVID-19 cases domestically and the coming Chinese New Year holiday, many places in China have tightened local travel policies and are encouraging people to avoid unnecessary travel during the holiday.
In order to enter China at present, a self-employed person needs a valid M visa. This visa is valid in most cases 180 days and is issued primarily to entrepreneurs who want to pursue economic or commercial activities. Such as visiting clients, factories or trade fairs.
It is also possible to enter most provinces with a Z-VISA. These are issued to employees and are valid for 30 days. Within these 30 days, the worker must apply for a work and residence permit, which is usually a formality. This permit must be valid for at least 90 days and can be valid for a maximum of 5 years.
In order to sell products commercially on the Chinese market, many products require mandatory CCC certification.
The requirement and the certification itself are comparable with the CE marking in the European Economic Area (EEA), both certifications indicate that the product fulfills all health and safety requirements.
China News: How COVID-19 affected global supply chains
The COVID-19 pandemic has hit the business world in an unprecedented scale and speed. It has caused the closures of business, the stoppage of factory outputs, and the disruption to global manufacturing industries and their supply networks.
China News: China's Economic Outlook in Six Charts
China’s economic growth is moderating and is projected to be 6.2 percent in 2019. In its latest annual assessment of China’s economy, the IMF found the quality of growth had improved in three ways in 2018. First, the pace of debt accumulation had slowed. Second, the financial system is better regulated and supervised. Finally, the current account surplus is no longer excessive. But trade tensions cloud the outlook, and reforms need to deepen if this progress is to be continued.
China News: China's role in the Asian century of globalization
The re-emergence of Asia is among the most important shifts that will occur in our lifetimes. Next year, in purchasing power parity (PPP) terms, Asian economies will become larger than the rest of the world combined for the first time since the 19th century. Not only is Asia growing richer; as it becomes more integrated, it is also coalescing as a constructive force for global governance.
China News: What China’s period of rapid growth means for the rest of the world
The changes China’s economy has undergone over the last decade are sweeping, unprecedented, and essential. The world would be far better served by an effort to understand them than by attempting to prove that the country’s achievements are less impressive than they are.
China News: The Chinese economy is slowing down – but that’s not necessarily a bad thing
The days of 10% annual growth for the Chinese economy have ended, as was inevitable. But there is good reason to believe that the real story is not the slowdown, but the shift in Chinese output from quantity to quality.
China News: An update on production costs on the Mainland
To some extent, the upward pressure on export prices is likely to persist in 2012. While weakening demand in overseas markets will translate into downward price pressure on Chinese exports, the continued rise in labour costs on the Chinese mainland, an unremitting revaluation of the RMB and the still-high prices of crude oil and certain… » read more