China has diminished limits on foreign businesses with its new negative list for 11 free trade zones. That includes accounting, writes Beida accounting professor Paul Gillis at his weblog, although most foreign accounting firms had already workarounds for most legal limitations of the past, he adds.
Category Archives: government
US president Trump seems to have been on a warpath with China. Political analyst Arthur Kroeber, author of China’s Economy: What Everyone Needs to Know® expects no real action, but – like mostly – symbolic action against his Mar-a-Lago friend Xi Jinping, he tells in the Chicago Tribune.
Religious groups in China have had different degrees of success, depending on their relations with the authorities. Among the Buddhist Fo Guang Shan, has been the most successful, writes author Ian Johnson of The Souls of China: The Return of Religion After Mao in the New York Times. Has Fo Guang Shan changed China, or is China changing Buddhism, he asks.
China is bringing more of its private companies to heel, both domestically and their international investments. Peking University accounting professor Paul Gillis sees it as an effort by president Xi Jinping to consolidate its power, he tells the VOA.
Tesla was the latest to announce the building of its car plant in Shanghai, but self-driving and electric cars are making many inroads in China. Shanghai-based lawyer Mark Schaub gives for Lexology an overview of the latest regulations to facilitate this trend. China seems to be late follow the latests developments, but catching up fast, he says.
Overseas investments by private Chinese companies have become under unprecedented scrutiny, causing a severe drop over the first quarter of 2017. Political analyst Shaun Rein has never seen such a political pressure before, he tells the South China Morning Post.
What is China up to is a question that is more often asked than answered. Journalist Howard French’s book Everything Under the Heavens: How the Past Helps Shape China’s Push for Global Power certainly has not the most benign take on the country’s ambitions. Fellow author Ian Johnson reviews the book for Chinafile.
China imposed a 100% tax for transfers of foreign players to loss-making soccer clubs – in fact all. A desperate measure that shows China is very far away from playing, less alone winning the World Cup, as president Xi Jinping wants it, says Beijing-based soccer expert Rowan Simons at Sky News.
China’s auditing regulators have issued temporary bans for the Chinese affiliate of BDO and Ruihua, the Chinese affiliate of both Crowe Horwath and RSM, over the past few months. Harsh measures to get auditing firms in line, even for international standards. Beida auditing professor Paul Gillis has his doubts, he writes at his weblog.
The China Food and Drug Administration (“CFDA”) has released in April a draft regulation for supervision of so-called health food. Shanghai-based lawyer Mark Schaub of King & Wood Mallesons sees it as an open way to discuss a new system of filing, and less registration, he writes in Lexology.