By Sid Mewara, Managing Director, Saks Gloweli Consulting Saks Gloweli Consulting is a management strategy consulting firm based out of Shenzhen and Hong Kong that helps clients grow their business www.saks-gloweli.com *The law of supply and demand says that if the supply of a given product of service exceeds demand, its price will decrease: if [...]
Shenzhen’s tax authority made a new announcement recently in order to better regulate tax collection from non-resident enterprises. The document underlines the taxable project filing obligations of non-resident enterprises as well as their related domestic partners, and clarifies relative filing details such as time limits. The “Announcement on Strengthening Taxable Project Registration and Filing for [...]
Some houses found near Metro lines in Bao’an and Longgang districts have increased their rents by almost 30 percent. Statistics show that rent for an 80 square meter bedroom apartment in Bao’an district is now up by 300 yuan. The director for city housing rental management said that increased demand has led to the increase [...]
The first Shenzhen Universiade Fund was officially launched last Saturday aimed at promoting the exchange between international students in science and culture. So far, there are eleven students studying locally and abroad that have benefitted from the fund through government and public donations. A state councilor and member of the Politburo of the Central Committee [...]
Shenzhen is planning to construct three financial areas around the city intending to become the national finance center by 2015. According to a reform made by the modern service industry, the three areas are Caiwuwei in Louhu District, the Central Business District in Futian and Qianhai-Houhai are in Nanshan. The centers will focus mainly on [...]
Residents will be able to see the transformation of Sea World with the opening of the Experience Center. The center is located near the Minghua ship, which is displaying plans for renovations of the Sea World complex financed by the China Merchants Property Development Co. A movie being shown outlines the history of Shekou and [...]
For the first time in three months, pork prices have dropped 0.2 percent further pushing the government’s efforts to contain inflation in three years. The third week of July saw an increase in the supply of pork and demand for the meat slowed, indicating the first decline since April. Statistics showed that pork prices in [...]
Among the major Chinese cities, Shenzhen is still on top in terms of having the highest minimum wage standard. Beijing has the highest salary, which is 13 yuan per hour. Shenzhen’s minimum wage is 1,320 yuan. During the first half of this year, 18 provinces and municipalities increased their minimum wages due in part to [...]
International funding of Chinese-listed companies may face increasing challenges in the near term following a string of allegations recently regarding fraud and accounting irregularities. Following its competitor Moody’s Investors Service, which had just released a report last week warning of “red flags” at 61 Chinese companies for accounting and governance risks, the global rating agency [...]
Prices for moon cakes have risen to ten percent due to increases in the prices of the ingredients needed to make moon cakes. Also this year fewer additives were allowed to be placed in the moon cakes because of newly imposed national regulations. Prices for a 180 gram moon cake depends on what type of [...]
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