Welcome to yet another edition of the Hongda Business Services Roundup! Before we get into the roundup I'd like to inform everyone about a date change of our WFOE 101 event. Due to unforeseen circumstances beyond our control the date has been changed from tomorrow to the 20th of February 2016. Registration will remain open until the mentioned date, so please register for what promises to be a very insightful talk next month.
We sincerely apologize for any inconvenience caused to everyone that has already registered, but we promise to send out an event reminder closer to the date. Thank you for understanding!
Now to the business at hand. This week we have a bunch of great posts lined up for you that include:
- Litigating or Arbitrating Against Chinese Companies
- Perfect place to start an e-commerce business in China? SZ's Qianhai!
- China seen posting slowest economic growth in 25 years as policy risks grow
- Business In China's Future: Relax China Work Visa Rules & Import Labor
Let's get right into it!
1) Litigating or Arbitrating Against Chinese Companies
This is the first in what will be a long series on what it takes to litigate or arbitrate successfully against Chinese companies. Disputes between foreign and Chinese companies are on the rise both because both sides on China-foreign transactions are becoming less tolerant of infractions and because China’s economy is on the decline. There is an old saying about how lawyers do well when an economy is either rising or falling, just not when it is stagnating. Put simply, litigation occurs when a company has decided that the highest and best use of a particular chunk of its time and money is to sue someone. When profits are difficult to find outside litigating, litigating becomes more likely. Companies in financial pain tend to lash out by suing or by threatening to sue and we are seeing a wealth of that these days from Chinese companies.
2) Perfect place to start an e-commerce business in China? SZ's Qianhai!
The Qianhai New District is a commercial development in Shenzhen that is set to become a major regional center of the modern service industry. The zone encourages a number of future leading industries that include:
- Finance
- Modern logistics
- Information services
- Technology
- Consulting and management
- E-commerce
E-commerce is certainly one of the industries that is flourishing, with Shenzhen becoming a pilot city of a national scheme to develop cross-border e-commerce that started online exports in November 2013 and online imports in September 2014.
The industry has experienced some exponential growth, most recently in The Qianhai New District, thanks to the increasing demand from the Chinese for quality overseas goods. The zone's close proximity to Hong Kong makes it the ideal ground for developing cross-border e-commerce, and the latest figures on this growth tell a 'big' story.
Join us as we take a look at e-commerce in the zone and just what makes it the 'perfect' place to this type of business in China!
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3) China seen posting slowest economic growth in 25 years as policy risks grow
image credit: The Economic Times
Chinese leaders have been struggling to put a floor under the economy, even as a fresh plunge in its stock markets and yuan currency have stoked worries from Washington to Wellington that conditions may be rapidly deteriorating.
Fourth-quarter gr ..
Chinese leaders have been struggling to put a floor under the economy, even as a fresh plunge in its stock markets and yuan currency have stoked worries from Washington to Wellington that conditions may be rapidly deteriorating.
Fourth-quarter gr ..
Chinese leaders have been struggling to put a floor under the economy, even as a fresh plunge in its stock markets and yuan currency have stoked worries from Washington to Wellington that conditions may be rapidly deteriorating.
Fourth-quarter gross domestic product (GDP) growth is expected to slow to 6.8 per cent from a year earlier, down from 6.9 per cent in the third quarter and the weakest since early 2009, according to analysts polled by Reuters.
Full-year growth is seen at 6.9 per cent, enviable by Western standards but China's poorest showing in a quarter of a century.
4) Business In China's Future: Relax China Work Visa Rules & Import Labor
China's shrinking workforce is well documented, and the shifting demographic from working age to elderly retired people is leading to labor shortages across the country. So with this in mind, what is the future for business in China and how can the China work visa process be adjusted to aid the situation?
In this blog we'll explore some of the data surrounding China's workforce, and what the solution may be in order to improve matters...
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That it for this week's edition of the Hongda Business Services Roundup! Please let us know about any of your thoughts regarding some of the topics we recapped this week in the comments below, or let us know about any other topics you'd like for us to cover.
Shenzhen is the place for business in China!
