AGN Country Portals

Doing Business in China

Published June 2016.

China is world's most populated country, with 1.381 billion people, an income category of Upper middle Income.

The economy slows down to GDP growth of 7%, the lowest in last 25 years. Several factors are converging to slow China's growth, including debt overhang from its credit-fuelled stimulus program, industrial overcapacity, inefficient allocation of capital by state-owned banks, and the slow recovery of China's trading partners. This slow recovery in manufacturing will continue; however, hi-tech, service and environmental protection, etc., will be strengthened in the years to come with preferential policies nationwide.

Anti-corruption campaigns result with impacting changes on the way business is done, with a more cautious approach to business.  

In 2014 China was the world's top destination for foreign direct investment in some sectors, and broad sectors of the economy remain closed to foreign investors.
The new government of President XI Jinping has signalled a greater willingness to undertake reforms that focus on China's long-term economic health, including giving the market a more decisive role in allocating resources. In 2014, China agreed to begin limiting carbon dioxide emissions by 2030.

The macroeconomic reforms of China are complex, and need professional and skilled advice to strategize and implement. There are many different opinions about the need and ways to reform, but there is no doubt that China will continue to open up to the outside world.

The World Bank has Ranked China as the 90th country in the Ease of Doing Business Report, 2015 (out of 189).

China is still very attractive for foreign companies, with nearly one-third of those companies deriving more than half of their Chinese revenues from locally designed, developed and tailored products and services.  With the growth of China's consumption capacity, the country has been the No. 1 market in auto industry, mobile and mobile netizen, computer games, etc., and will be No. 1 in the film industry.
The United States and China continued to work in 2014 towards narrowing differences and reaching agreement on the text of a high standard Bilateral Investment Treaty (BIT) that would enhance fairness, openness, and transparency in China.

Relationships with international businesses continue. In order to avoid the 'redundancy' risk of the use of static data about various countries, this portal incorporates various live data feeds from:

• The Organisation for Economic Cooperation and Development (OECD)
• The World Bank
• The observatory of Economic Complexity


The intention is to provide access to live information extracted from the regularly refreshed databases maintained by these organisations.

 

 

Use the navigations buttons below to access to more live data:
Inflation, Development indicators, Exports, Trade Balance, and more.

OECD Country Comparison Portal

The window below is a direct feed of regularly updated information from the OECD. It provides data concerning everything from GDP growth, fiscal balance, investment, and unemployment rates to consumption, import volume and export volume. The window allows comparisons between China and other countries of the OECD average for these factors.

Inflation (CPI)

Total, Annual growth rate (%)

World Bank Development Indicators

The window below is a feed from the World Bank website and shows the primary World Bank collection of development indicators, compiled from officially-recognized international sources. It presents the most current and accurate Chinese and global development data available, and includes national, regional and global estimates. Amongst others it covers critical areas of Agriculture & Rural Development, Climate Change, Economy & Growth, Education, Energy & Mining, Environment, External Debt, Health, Infrastructure and Labor & Social Protection

Exports

This graph is taken from The Observatory of Economic Complexity (OEC). Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code.

This graph shows volumes of goods exported from China.

Imports

This graph is taken from The Observatory of Economic Complexity (OEC). Products, represented by rectangles, are drawn from the 775 individual product classes found in the Standardized International Trade Code.

This graph shows volumes of goods imported into China.

Trade Balance

This graph is taken from The Observatory of Economic Complexity (OEC).

This graph illustrates the subsequent trade balance of exports and imports to and from China.

Destinations

This graph is taken from The Observatory of Economic Complexity (OEC).

This graph shows the destinations of goods and services by country.

 

Business Opportunities in Asia Pacific:

AUSSIE TECH – BIG OPPORTUNITIES FOR DIRECT INVESTMENT     (Jan 2018)

There are huge opportunities for AGN technology clients in Australia. Between 2014 and 2020, the contribution of digital technologies to Australia's economy is forecast to grow 75% to A$139 billion.

Almost all of this growth (97%) is predicted to take place in a range of traditional sectors such as financial services, agribusiness, life sciences, resources and energy. The Australian government warmly welcomes foreign investment in the some critical areas.

find the firm best prepared to serve you

Vietnam features at No3 in the top 5 best countries to invest in     (August 2016)

Recently free trade agreements have been signed with the European Union and 11 members of the Trans Pacific Partnership (TPP). Most economic indicators show resilience and point towards a continued and pro-longed period of growth. 
As a rising middle class country Vietnam offers many interesting business opportunities. Vietnamese population is a young one with the average age of the Vietnamese people being around 29. Due to the Confucian way of thinking education is highly valued and these young people have a reputation for being very eager to learn and are hard workers. English is the most commonly used language for educational studies and so the language barrier is not often an issue. Economic growth is stable and the country enjoys a stable political environment.

find the firm best prepared to serve you

Top 5 Foreign Direct Investment     (June 2016)

Foreign Direct Investment (FDI) accounts for approximately 11% of global GDP and more than 80 million jobs worldwide. There are four critical motivators that drive companies to pursue direct investment in foreign countries: 
Natural resource seeking, which speaks for itself. Market-seeking e.g. to gain access to new customers. Efficiency-seeking to reduce production costs by gaining access to new technologies or competitively priced inputs, and finally strategic-asset seeking such as valuable brands, new technologies, or distribution channels.

THE TOP 5 BEST COUNTRIES TO INVEST ARE: 
NO 5 - IRELAND - Many viewed Ireland's tax environment as one of the best in the world, scoring just behind Luxembourg and Panama. Business starts ups get 3 years tax free and then move to a 12.5% rate, which is practically half the global average.  
NO 4 - INDONESIA - Due to oil and massive reserves of other natural resources Indonesia has one of the biggest economies in the world. The Indonesian government are pursuing a radical agenda of reforms to assist FDI.
NO 3 - VIETNAM - Recently free trade agreements have been signed with the European Union and 11 members of the Trans Pacific Partnership (TPP).
Most economic indicators show resilience and point towards a good period of growth. 
NO 2 - SINGAPORE - Educated citizens and intellectual property protection law, along with large ex-pat communities make Singapore an attractive launch pad into the broader Asia region.
NO 1 - INDIA - Recently outperforming china as the top recipient of FDI in 2015, the governments campaigns to create favorable investment conditions in 25 key sectors, and the hugely successful Make in India campaign, have both contributed to India taking the number 1 slot.  

find the firm best prepared to serve you

Big boost for business Start Ups in India...?     (March 2016)

If you are looking for ways to develop your business in India, or you are seeking a supportive environment in which to innovate, this might be an option.  
The Start-up India Action Plan is a set of structural and regulatory reforms designed to protect start ups in the face of aggressive anti competitive strategies from large established corporates.  

A ‘startup’ is judged to be an entity that is headquartered in India and was started less than five years ago. It needs to have an annual turnover less than US$3.7 million. It can be foreign owned, or initiated by entrepreneurs from outside of India.   

find the firm best prepared to serve you

Make in India...     (October 2015)

If you’re looking to expand your manufacturing capacity, you’re a retailer seeking new markets, a supplier in health, rail or infrastructure – India may have just become a very attractive option for you. 
The government is offering 100% foreign direct investment and 100% tax exemption in critical sectors.

Businesses that could benefit include those in: defense, medical, telecoms, single-brand retail, petroleum refining, tea plantation, credit, reconstruction, railway infrastructure and all the areas detailed below. 

find the firm best prepared to serve you

Tax Publications:

TRANSFER PRICING 2018

Countries Comparison

A collection of transfer pricing summaries of countries in the Asia Pacific Region

read full publication
 
TAX CARDS 2018

Countries Comparison

General Guide to Asia Pacific Countries Tax Facts

read full publication
 
ASIA PACIFIC TAXPRESSO - 2018

A quarterly Tax Publication

1st Issue - 2018

 

AGN News:


January 2018

Global Connect

AGN International Executive Office has coordinated with an organisation called “DFK International,” which, like AGN, is a high-quality, client-centered global accounting association. In order to make sure we always have the best resources for our members we are now able to call upon DFK firms, and vice versa. This provides the opportunity to further expand your connections with professionals, experts and referral sources

If you need a specific type of expertise anywhere in the world, contact your Regional Director and she will be able to make the right connection. 

read more
 

January 2018

New Chair for International Business Development Committee

The AGN International Business Development Committee (IBDC) names Tony Sokic of Adams & Miles in Toronto, Canada as new leader.

read more
 

AGN Firms in the country

China
China Regal Assets Appraisal Co. Ltd
Room 1604, Tower A
Fenglan International Center
No 32 Xizhimen North Street, Haidan Dist
Beijing 100082
Time Zone: GMT +8
Phone: (+86 10) 6655 3366
EMail: contact@chinaregal.com.cn
China Regal Certified Tax Agent Co.Ltd.
Room 1604,Tower A
Fenglan Internaitonal Center
No. 32 Xizhimen North Street, Haidian D.
Beijing 100082
Time Zone:
Phone: (+86 10) 6655 3366
EMail: contact@crcpa.cn
China Regal CPAs
Room 1604, Tower A,Fenglan international
Center, No. 32 Xizhimen North Street
Haidian District
Beijing 100082
Time Zone:
Phone: (+86 10) 6655 3366
EMail: richard.he@crcpa.cn
China Regal CPAs
Floor 3 Equipment Tower
No. 1418 Construction Street
Chaoyang District
Changchun City
Jilin PRC 130061
Jilin Province
Time Zone: GMT +8
Phone: (+86 0431) 8852 2556
EMail: contact@crcpa.com.cn
China Regal CPAs
Room 413
Xinhuashudian Building
No.18 Nanyingzi Street
Chengde Hebei Province 067000
Time Zone: GMT +8
Phone: (+86 0314) 2259 208
EMail: contact@chinaregal.com.cn
China Regal CPAs
81 Zhongshansilu
Shangqingsi
Yuzhongqu District
ChongQing 400015
Time Zone: GMT +8
Phone: (+86 023) 6360 5312
EMail: contact@chinaregal.com.cn
China Regal CPAs
South No. 2 Room
Floor 7, No. 1 Building
Gaoxin Jishu, Chuangyeyuan
No. 611 Gongyelu
Fujian (Xiamen)
Fujian Province
Time Zone: GMT +8
Phone: (+86 0591) 8767 9119
EMail: contact@chinaregal.com.cn
China Regal CPAs
Room 614-620, Gate G
Guangdongruanjianyuan
No. 11 Caipinlu
Kexuecheng
Guangdong (Guangzhou) PRC 510663
Time Zone: GMT +8
Phone: (+86 020) 3203 1536
EMail: contact@chinaregal.com.cn
China Regal CPAs
Floor 1, Linyeting, No 2688
Ganjiang Street, Honggutan District
Nanchang City
Jiangxi Province 330038
Time Zone: GMT +8
Phone: (+86 891) 6626 188
EMail: contact@crcpa.cn
China Regal CPAs
Room 1305, Unit 1 Building 11
Zhuoyuejuyuan Intersection between
Beijing Road and Lianmeng Road
Kunming Yunnan Province
Yunnan (Kunming) PRC 650224
Time Zone: GMT +8
Phone: (+86 0871) 3522 393
EMail: contact@chinaregal.com.cn
China Regal CPAs
Room 1201, Gate 2, Xibei Building 51
Beian Block, Fenghuang North Street
Xingqing District, Yingchuan City
Ningxia Municipality 750001
Time Zone:
Phone: (+86 951) 513 1868
EMail: contact@crcpa.cn
China Regal CPAs
1 Libaisi Street
Shizong District, Jinan City
Shandong Province 250012
Time Zone: GMT +8
Phone: (+86 531) 8612 0688
EMail: contact@chinaregal.com.cn
China Regal CPAs
Room 1202, Unit 1, Building 2,
Jintai Garden , No 54 Shanda North Road
Licheng District, Jinan City
Shandong Province 250199
Time Zone:
Phone: (+86 0531) 6231 7269 5118
EMail: contact@crcpa.cn
China Regal CPAs
Floor 3, ShangjianJu, No 1159
West Road Fangongting
Qingzhou City
Shanfdong Province 262550
Time Zone:
Phone: (+86 551) 3622 068
EMail: contact@crcpa.cn
China Regal CPAs
Room 1004
Jinhai Building
No 9. Lane 89
Changning District
Shanghai PRC 200052
Time Zone: GMT +8
Phone: (+86 021) 6283 0878
EMail: contact@chinaregal.com.cn
China Regal CPAs
Room 1004, Jinhai Building
No. 9 Lane 89, Anshun Road
Changning District
Shanghai 200052
Time Zone: GMT +8
Phone: (+86 21) 6283 0878
EMail: contact@chinaregal.com.cn
China Regal CPAs
Room 823, Shenzhenjiali Center
Renmin Nanlu
Luohu District
Shenzhen Guangdong 518001
Time Zone:
Phone: (+86 0315) 6258 765
EMail:
China Regal CPAs
No. 33, Floor 8, Xiyatu Building
69 Xi'annanlu, Jinniu District
Chengdu
Sichuan province PRC 610072
Time Zone: GMT +8
Phone: (+86 28) 8776 6805
EMail: contact@chinaregal.com.cn
China Regal CPAs
Building 3, Yard 67, Kezi Duwei Road
Kashi City
Xinjiang Manicipality 844000
Time Zone:
Phone: (+86 10) 6655 3366
EMail: contact@crcpa.cn
China Regal CPAs
Room 2504, Unit 2, North North Building
Kunlun Block, No 159, Shayibake District
Wulumuqi City
Xinjing Municipality 830000
Time Zone:
Phone:
EMail: contact@crcpa.cn
Fiducia Management Consultants
The Exchange Beijing, Room 1110
Jinghui Mansion, No.118
Jianguo Road B, Chaoyang District
Beijing, China 100027
Time Zone:
Phone: +86 10 8523 6308
EMail: tmueller@fiducia-china.com
Fiducia Management Consultants
227 Huangpi North Road, Unit 604-605
Central Plaza, Huangpu District
Shanghai China 200003
Time Zone:
Phone: +86 21 6389 8288
EMail: tmueller@fiducia-china.com
Fiducia Management Consultants
Unit 8, 13/F Shun Hing Square
Di Wang Commercial Centre, 5002
Shen Nan Dong Road
Shenzhen, China 518008
Time Zone: GMT +8
Phone: +86 755 8329 2303
EMail: tmueller@fiducia-china.com
Shanghai Linfang Certified Tax Agents Co., Ltd
15F Hechuan Building
450 Caoyang Road
Shanghai 200063
Time Zone:
Phone: (+86 21) 6095 2899
EMail: grace.zhang@linfang.com