Internal Control for Day-to-Day Operations in China
The issues that arise in day-to-day business in China present a unique business environment for implementing internal control. Here, we outline areas where companies in China are often exposed to fraud, and present practical internal controls to mitigate exposure.
Electronic Contracts in China Can Improve Efficiency with Strong Controls
For companies that want to cut costs, and make operations more efficient, electronic contracts seem to be an attractive alternative for traditional paper contracts that can be difficult to organize and store. In this, we look at the legal aspects of electronic contracts, and how best to use of them.
New Retail in China: a Growth Engine for the Retail Industry
New Retail bridges e-commerce, physical retail, and logistics in order to improve the efficiency of selling and buying, and China is at the forefront of this new trend. In this article, we look at how traditional retailers can avoid becoming obsolete, and the opportunities New Retail has for foreign investors.
China-Africa Relations: At a Crossroads?
After over 15 years of rapidly expanding economic and political exchanges, China-Africa relations are changing. In this article, we take an in-depth look at trade and investment dynamics between China and Africa, focusing on infrastructure, natural resources, and manufacturing.
What Does Corruption in Your China QC Inspection Process Look Like?
Most countries in the Asia Pacific region – including China – come in the bottom of Transparency International’s latest Corruption Perception Index, a concern for many importers. In this article, we look at how corruption typically appears and some specific problems you are likely to face when it permeates your China operations.
China Regulatory Brief: FTZ Foreign Investment Negative List, Environmental Pollution Liability Insurance
In this week’s China Regulatory Brief, we look at the new cybersecurity law’s critical network equipment catalogue, the new negative list for foreign investment in free trade zones, and the rules for environmental pollution liability insurance.
Setting Up a WFOE in China: a Step-by-Step Guide
Over the last few years, there have been a number of changes to the WFOE establishment process. The new considerations for investors are advantageous, widening the scope of investment and speeding up the application process. Here, we provide a step by step guide to setting up a WFOE in China.
Luxury Stores in China Are Making Moves on WeChat
About 92 percent of top luxury brands in China now have an account on the messaging app WeChat, compared to only about half that in 2014. In this article, we examine the innovative methods luxury brands are using to market their products on WeChat.