Machinery Export Quota from Italy to China
According to the data by the Ministry of Economic Development of the Italian Republic, the total volume of foreign trade between China and Italy in January, 2016 was € 3.257 billion, with year-on-year growth (the same below) of 1.2%. The volume of Italy’s export to China was € 608 million, dropped by 12.0%; in comparison, the v...
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Expatriate Employment in China: Dealing with Laws and Practical Requirements
Accompany with the rapid development of the foreign direct investment in China, there are more and more foreigners coming into China to work. However, lots of foreign employees did not go through the legal formalities before their employment in China; in such cases, it is difficult for the Court to confirm the employment relationship...
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Russian Love Chinese Smartphones
It is not a surprise, that Chinese smartphones nowadays are growing popularity not only in Russia, but all over the world. According to one of the biggest Russian mobile phone retailer, Svyaznoy, the most popular smartphones in Russian audience are Chinese-brands smartphones, among which Lenovo and ZTE.
In January-February of this...
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Patents in India
India adheres to the Paris Convention (1883-1976), the PCT Treaty (1970), and the Budapest Treaty for the International recognition of the deposit of microorganism for patent purposes of 1977. Since from 1967, India is also a member of WIPO.
At national level, India enacted a law on patents (Patent Act, dating back to 1970, with ...
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China’s Reformation of VAT: Focus on financial and construction/real estate industry and lifestyle services
On 18 March 2016, Executive Meetings of the State Council decided to expand the scope of the Value Added Tax (VAT) and replace Business Tax (BT) with VAT since May 1st 2016. Therefore, more industries including construction, real estate, financial services and lifestyle service, such as food and beverage, hospitality and healthcare, ...
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BIG CHALLENGE OF CHINA’S MANUFACTURING INDUSTRY
It is known that since 2014, China’s real economy keeps decreasing and the investment in manufacturing industry has been falling. However, we are glad to see that China's manufacturing activity rebounded in March to its highest level since last August, thanks to the government's continued structural reforms, as from the diagram bel...
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China’s Overseas Investments and Some Legal Issues
China’s outward FDI grew by 13.3% in 2015, hitting a historical high of USD 139.5 billion; and China’s outbound investment is expected to grow by more than 10%, and maintain a sustainable high growth for the next five years, as shown in the report Going Out – the global dream of a manufacturing power – 2016 China Outbound Inv...
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