China labor compliance amid extreme heat is increasingly regulated. Learn how foreign companies can meet legal obligations in ...

In our Asia Transfer Pricing Brief for Q1 2025, we present the latest updates on transfer pricing in Thailand, Sri Lanka, and ...

US-China tariff rates have become increasingly complex, shaped by years of escalating trade actions and policy shifts. With overlapping measures such as Section 301 tariffs, the recent reciprocal ...

Step 1 – Prepare annual audit report Similar to the annual audit for JVs, WFOEs, and FICEs, the annual audit report for Ros should also be prepared by external licensed accounting firms and signed by ...

China ODI in numbers In the first five months of 2025, China’s total outbound direct investment (ODI) reached RMB 492.02 billion, a 1.2 percent drop year-on-year in yuan terms (US$68.47 billion in ...

COVID-19 is now a global pandemic, and in a bid to prevent a second wave of the outbreak at home, China has not given up on drastic measures to contain infections or possibility of reinfection.

However, it is important to note that imports and exports saw a month-on-month decline of 1.2 percent in October. This decline is primarily due to weak domestic demand, cautious import decisions by ...

On May 21, 2025, the Hong Kong Legislative Council passed the Stablecoins Bill (hereinafter, the “Bill”), marking a decisive shift toward a regulated stablecoin ecosystem in Asia’s premier ...

In terms of GDP, in 2016 the YRD was comparable to Germany, the PRD to Italy, and Jing-Jin-Ji to Mexico. The YRD is by far the biggest of the three clusters economically. In 2016, the YRD contributed ...

China’s labor market – the largest in the world – is undergoing a period of rapid change. As the population ages, the working-age population shrinks, and new forms of employment become more prevalent, ...

Average salaries in China have more than doubled over the last decade, following the country’s rapid growth in GDP and living standards. However, average salaries vary greatly from industry to ...

According to the Hurun 2018 China New Middle-Class Report, there were over 33.2 million middle-class households as of August 2018. The “middle class” is defined by Hurun as “Urban residents with an ...