Individual Income Tax for Expats in China
China’s Individual Income Tax (IIT) Law stipulates that all individuals working and deriving income from within the territory of China are subject to IIT. While Chinese nationals are taxed on all income sourced both domestically and overseas, non-Chinese nationals are...
Why the Rise of Robots Will Hit Developing Countries Hardest
In spite of the anti-globalization rhetoric offshoring isn’t the main culprit for the decline of manufacturing jobs. A 2015 Ball State analysis found that 87 percent of American manufacturing job losses over the preceding decade could be attributed to automation...
Preventing a US-China Trade War
The escalated tensions between the U.S. and China are raising concerns about a potential trade war. The fact is that the business relationship between the U.S. and China is vibrant and mutually beneficial, for the most part. American companies are...
Busting US-China Trade Deficit Myths
Without doubt, there are problems in the U.S.-China trade relationship. However, the current officially reported U.S.-China trade numbers are grossly inaccurate. They are based on outdated methods of data collection and calculation that were agreed to in the aftermath of...
USCBC 2017 Congressional District Export Report
The US-China Business Council’s 2017 reports on state and congressional district exports are out and their findings are clear – though China’s economic growth rate is slowing, it remains an important market for US exports and continues to provide growing...
USCBC Hosts Business Roundtable with Zhejiang Party Secretary Che Jun
Zhejiang Province Party Secretary Che Jun and a large delegation of Zhejiang officials and business representatives met with US-China Business Council (USCBC) members in Washington, DC, on August 25 to discuss trade and investment opportunities. The delegation included senior representatives...
Shanghai Revises Minimum Wage and Social Insurance Contribution Rates
The Shanghai Municipal Bureau of Human Resources & Social Security recently released its annual minimum wage adjustments for 2017, as well as the associated changes to employee benefits. The adjustments, which came into effect on April 1, affect minimum wages,...
LGBTQ+ in the Chinese Workplace: Fostering an Inclusive Environment
As awareness of LGBTQ+ issues in China rises, employers are facing newfound scrutiny over their treatment of sexual minorities. Employers have the opportunity to establish safe work environments for LGBTQ+ employees, and become leaders in China’s changing social climate. Doing...
One Belt One Road Initiative: Its Meaning and Significance
The “One Belt One Road” (OBOR) initiative, first announced in 2013 by Chinese President Xi Jinping, is an extremely ambitious and far-reaching initiative with significant potential to improve the social and economic structure in Asia, Europe, and northeastern Africa, where...
Officials Reverse Course on Cross-border Ecommerce
Providing a small amount of stability in a year of significant changes for cross-border ecommerce, the Chinese government recently halted a move to increase regulation — and costs — of foreign goods purchased online by consumers in China. Observers believe...