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会計監査
会計監査
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移転価格
移転価格
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税務監査
税務監査
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税務訴訟
税務訴訟
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アドバンス・ルーリング
アドバンス・ルーリング
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租税条約に関する申請
租税条約に関する申請
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税務代理人
税務代理人
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外国籍個人総合所得税申告
外国籍個人総合所得税申告
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労働許可申請代行
労働許可申請代行
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台湾投資相談・外国人投資申請
台湾投資相談・外国人投資申請
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合併及び買収
合併及び買収
How do you assess the outlook for China’s economy?
There have been a lot of interesting developments in China’s economy lately, such as the tightening of liquidity in the market and controlling the so-called ‘shadow banking’ practices. But the new leadership of China appears to be in good control of the economy and its development towards a more sustainable model of growth. GDP expansion slowed to 7.5% in Q2 but the general outlook for the Chinese economy is still excellent, particularly in comparison with the rest of the world.
What are the main advantages of working in China?
It is a country with very good infrastructure and a consistent supply of skilled labour. While many questioned the one party system and the tendency towards ‘macro’ control from the government, its commitment to maintain stability and its overall effectiveness in maintaining growth still provide the best opportunity for global businesses. The ever increasing purchasing power of the general population in also crucial for corporations looking to expand their global revenue base.
What should business leaders be aware of when investing in China?
International businesses looking to invest in China need to be appreciative of the different culture —particularly local values and business protocols. Also, China’s regulatory requirements bring an additional layer of compliance requirements. Business leaders need to find knowledgeable advisers to help interpret the differences, bridge the gaps and facilitate entry into China. Localisation also needs to happen along the way to ensure long-term sustainability within China.
Discover more about investing in China on the Grant Thornton China website.