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China’s Cryptocurrency and Blockchain Regulatory Environment


China’s cryptocurrency market – We give you an overview of legal regulations and tax implications in terms of Bitcoin-related business. 

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Data Protection in China


On 1 May 2018, new standards will come into force that further clarifies the data protection rules of the Cyber Security Act.

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Accounting in China


The Chinese Generally Accepted Accounting Principles (China-GAAP) are similar to the International Financial Reporting Standards (IFRS), but differ from the American accounting system (US-GAAP). Most foreign companies are unaware of these differences, and are, therefore, running the risk of non-compliance. This article intends to offer you a brief introduction to the most basic Chinese accounting […]

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China’s New Point System for Expats


On 9 September 2016, the State Administration of Foreign Experts Affairs published the reform of the current work visa system for foreigners in China. The changes will merge the various regulations for foreign specialists with the normal application procedures. The reform will also replace the current work permit booklet with a small card. Additionally, it […]

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The Annual Compliance Review – Audit in China


The deadline for the Annual Compliance Review in China is on 31 May. Although it seems that there is still a long time until the deadline, there is an incredibly huge amount of work to do before you can hand in your annual audit reports.

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New Plan for German-Sino-Hi-Tech-Park in Heidelberg


On May 2nd, 2016, representatives from the Heidelberg and the Beijing District of Haidian have signed a mutual cooperation agreement.  The agreement covers areas of research and development and to set up a joint German-Sino-Hi-Tech-Park.

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New Tax Regulations for Cross-Border E-Commerce


In March 2016, the Chinese government issued two new regulations, which have changed the taxation of imported products bought online from businesses abroad (B2C) via e-commerce platforms. Previously, cross-border online purchases for personal use were mainly treated as individual postal items and taxed as such.

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Chinese Work Visa for Foreigners


Foreigners, especially those that intend to work in China, often face the question of which visa type to apply for. Since the Chinese Central Government implemented new visa regulations in September 2013, the complexities of the application process for work visas have increased even further. The different visa categories should, therefore, be examined in detail. Since […]

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Mutual dependence between China and Germany? Part 2


In the first part of this article we explained the mutual dependence of China and Germany, it’s historic origins and recent challenges. Please click here to read part 1 of this article. The Chinese government is striving to establish China in the highest parts of the global production chain, making use of a three-step plan. […]

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Mutual dependence between China and Germany? Part 1


Glory past, dusty future?   Starting from the Chinese economic reform under Deng Xiaoping in 1978, the Chinese economy has grown at an incredible pace. It established itself as a key economic driver and particularly in the wake of the global economic and financial crisis, becoming a patron for investors across the globe. The Sino-German […]

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