The State Council has approved the 2024 Negative List for Foreign Investment Access, further opening up its manufacturing, telecommunication, education, and healthcare sectors.
Per the July 2024 data, Chinese industrial output experienced a deceleration, with growth slowing compared to previous months. However, this was offset by a notable surge in consumer spending and foreign trade.
China aims to increase its urbanization rate to nearly 70 percent in the next five years, up from 66.16 percent in 2023. Each 1 percentage point increase results in over RMB 200 billion (US$28 billion) in new consumer demand annually.
Hunan's new minimum wage standards, effective September 1, 2024, will see the highest rate reach RMB 2,100, making it the 24th province to surpass the RMB 2,000 mark.
Using a separate domain name for your China business can help enhance accessibility, ensure compliance with local laws, and provide a better user experience for customers.
The Guide to HR Compliance and Best Practices in China explains key considerations for foreign employers from hiring to staff management and compliance with legislative updates and data security laws.
This publication explores Singapore's business landscape in 2024: Economic growth, strategic advantages, and investment opportunities for foreign companies in this resilient Asian hub.
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