Expert en matière de la Chine

Ernie Tadla

La nourriture est importante dans toutes les cultures, mais en Chine, elle joue un rôle primordial comme outil pour le visage et le guanxi.

Manger d'affaires est où le guanxi est établi. Connaître une autre personne et pour établir la confiance, mangeant ensemble est nécessaire. Les Chinois ne mangent pas à leurs bureaux, et ils ne se précipitent pas dehors au joint de prêt-à-manger le plus proche. C'est un instant spécifique pour parler et finir par connaître l'autre personne. Typiquement, des affaires ne sont pas discutées. Cela est fait au cours des nombreuses réunions d'affaires.

Le banquet d'affaires est le pinacle du bâtiment de guanxi, célébrant, et ou honorant des invités. Lisez le reste du « chapitre sept de la Chine : Diner en Chine » ou signalent un commentaire

Par le maréchal Taplits

China has been trying to stem an ever growing trade surplus, manage domestic inflation, move development from the coastal areas to the inland areas and decrease its dependence on heavily polluting industries.

Because of these objectives, manufacturing in China is becoming more expensive as China adds in hidden (and sometimes not so hidden) costs into the sourcing equation. 

Here are the top 4 reasons you can expect costs to continue to rise in 2008:

1. Reduced VAT Refund

When Chinese manufacturers purchase goods domestically for use in manufacturing, they pay a VAT (value added tax). For people in the United States or others who are not familiar with the term VAT, it’s essentially a sales tax. Historically, the Chinese government allowed for generous VAT refunds if the final manufactured product is for export. However, as of July 1, 2007, China has changed its refund formula. Many products have had their VAT refunds completely eliminated and many others have been reduced. Since Chinese factories typically take these VAT rebates into account when calculating profit margins, the reduction or elimination of them is likely to… Read the rest of “4 Reasons Sourcing from China will be More Expensive in 2008″ or post a comment

Getting prepared for your annual audit inspection

By Chris Devonshire-Ellis

All foreign invested businesses in China are required to prepare annual financial statements, including balance sheets and income statements for their annual Chinese audit. Such accounts must be in accordance with the Chinese accounting standards for business enterprises – there are now no differences between standards for domestic and foreign enterprises. Foreign companies, including their legally responsible persons, must take full responsibility for the truthfulness, legitimacy and completeness of these financial statements. These documents must be completed ahead of the submission of consolidated accounts for tax purposes by the end of April every year, for the financial calendar year ending the previous December 31.

These statements will be used for computing the taxable and distributable profit. Accordingly, an annual audit by a firm of certified public accountants registered in the PRC is required under Chinese law.

There are a number of areas where you need to take particular care and where there are some differences between Chinese and Western accounting practice. These are guidelines only as every business is Read the rest of “China’s audit regulations – Filings shortly due” or post a comment

Shanghai Traffic

I recalled two phenomena from living in Richmond, B.C., for twenty-seven years.
 
The influx of Orientals from Hong Kong, Taiwan and Mainland China changed the population mix among Caucasian, East Indian and Chinese.

The Chinese drivers soon overtook women drivers as the ones to beware of on the roads. Their unpredictability, ignorance of common courtesies of the road, their seeming inattention to driving between the lines and at normal speeds, etc.

I took these prejudices with me to Shanghai. Traffic was horrific! Cars, taxis, buses, trucks, vans, motor-scooters, bicycles all drove at break-neck speeds really close to each other. There were no traffic-lane lines and traffic lights were ignored.

Lovy, with her new lease on life and zest for excitement and adventure, would stride confidently, purposefully, and safely through the maze. Read the rest of “China Chapter Six: Shanghai Traffic and Chinese Medicine” or post a comment

By Cliff Sosnow, Robert Kwauk and Elysia Van Zeyl

As China’s role on the international stage grows, its trade practices have attracted increased scrutiny from the international community.

In recent years, a number of complaints have been made to the World Trade Organization (WTO) concerning the Government of China’s involvement in the marketplace and, in particular, the wide range of alleged subsidies — most of which are indirect — offered to domestic producers and exporters by the Government of China. Recently, these complaints have crystallized into the establishment of a WTO panel at the request of the United States and Mexico to examine the existence and impact of subsidies that are alleged to have unfairly boosted Chinese exports and skewed Chinese buying decisions to favour Chinese-made products. Read the rest of “Spotlight on Chinese Subsidies” or post a comment