As tensions rise over the U.S.-China trade war, manufacturers have begun shifting their operations from China to Southeast Asia. For most companies, however, the strategy is to diversify rather than pull out of China entirely.
China has announced significant changes to its individual income tax (IIT) regime. Many of the changes are intended to benefit Chinese citizens, but the new regulations also affect foreign workers based in China.
After trade talks between the U.S. and China collapsed last week, prospects for a trade agreement suddenly appeared dim. Behind the scenes the two superpowers are battling over which nation will dominate as transformative technologies including AI, machine learning and 5G mobility are rolled out across the globe.
A Chinese e-commerce law went into effect January 1 and requires all online businesses to register with the government, and those that sell regulated products such as drugs must obtain a license.