Business with China 与中国业务

03/06/2012

Amazing....Jazak Allah!!!!

IN THE NAME OF ALLAH MOST GRACIOUS MOST MERCIFUL. All praise is due to the Lord of the world ALLAH, peace and blessing is upon his Messenger Muhammad(S.A.W) ...

13/02/2012

Foreign Law Firms in China – 2012 Listings
Foreign law firms practicing China law, and advising clients on the same, must be registered and licensed by China’s Ministry of Justice, which also acts as the regulatory body. As of December 31, 2011, there were 208 licensed foreign law offices in China – please find the complete list below. A detailed list (in Chinese) is also provided by the Ministry of Justice on their official web site.

Contents include the name of the firm, its country of origin, the date the China license was issued, and the firm’s web site (when applicable). We recommend for legal indemnity, legal insurance, and regulatory issues that foreign companies in China only use the services of China-registered practices.

Foreign firms authorized by the Chinese Ministry of Justice have to go through a rigorous application process, including capitalization of their China offices, a strict overview of their international competencies and thorough vetting procedures including legal references as to their suitability and good standing from the regulatory body in their own country.

Overseas law firms advising on matters of China law who are not registered with the Ministry of Justice are not authorized by the Chinese regulatory authorities to do so. The consequences of this can obviously be serious, in terms of the legitimacy of advice given, legal insurance considerations and misrepresentation issues.

13/02/2012

Citibank Permitted to Issue Credit Cards in China
U.S.-based financial services corporation Citigroup announced on Monday that it has obtained government approval to issue its own credit cards in China. It is hoped that Beijing’s recent decision indicates that the country will be more willing to open up its banking industry to foreign financial institutions in the near future.

Citigroup – operating 13 corporate bank branches and 46 consumer outlets in the world’s most populous nation – is the first Western bank authorized to issue credit cards in Mainland China. Hong Kong-based Bank of East Asia, the only other non-mainland credit card issuer in the country, was allowed to tap into the China market back in 2008.

08/02/2012

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05/02/2012

China Now Has Third Highest Labor Costs in Emerging Asia! by annie
An average worker in China costs more than the average worker in any other emerging Asian economy, save Malaysia and Thailand, when considered in terms of combined salary and welfare payments, China Briefing has found.

Conducting a review of minimum labor costs, determined by the legal minimum amount stipulated in 15 different countries, and added together with the pertinent mandatory welfare payments due, it is apparent that since the introduction of the revised labor law in 2008, China’s workers are now amongst some of the best paid in Asia

05/02/2012

At the eighth annual World Famous Brands Assembly (WFBA) recently held in Jakarta, Indonesia, the U.S.-China Economic Trade and Investment General Chamber of Commerce, the Europe-America-Asia Cooperation Union for Investment in Industry and Commerce, and the World Cities and World Business Research Association jointly released a list of the “2011 Top 50 Chinese Cities with Strongest Investment Potential.” by annie

05/02/2012

Twenty Years Ago, Deng Changed China Forever! by annie
President Hu and Premier Wen do not enjoy the kind of near-absolute power of the late Deng Xiaoping, who was unchallenged in carrying out his reforms in the 1980s and early 1990s. It seems that until and unless [Deng's successor] Jiang Zemin steps down to let Hu and Wen wield real power, mainland China's reforms can hardly make rapid progress. Beijing's power struggle is still being played out.

05/02/2012

My name is Annie Teng, i am from china, new admin of this page. thanks

31/01/2012

new year in china!!!

21/01/2012

I wish all my Chinese friends who are in Dubai now happy new year! Good luck in 2012!!!
新春大吉，万事如意，财源广进，年年有余，岁岁平安，恭喜发财！！！