Our collection of resources based on what we have learned on the ground
Resources
Q&A
When does a company need to apply for their special license in China?
- February 2015
- Free Access
Application for special licenses usually takes place after the name pre-approval step but before a company establishment application is submitted to the Ministry of Commerce (MOFCOM). MOFCOM will check that the applicant has obtained the relevant lic...
Q&A
Which enterprises need to obtain a Production License in China?
- February 2015
- Free Access
Enterprises must obtain a product license for the manufacture, sale or commercial use of certain industrial products in China. According to the administrative regulations on production licensing of industrial products promulgated by China’s Sta...
Q&A
How have wages for Chinese people developed in China and what does the future lo...
- February 2015
- Free Access
In recent years, the Chinese government has been pushing for pay increases to retain public support and boost domestic consumption. Wages have also risen as millions of Chinese move from the countryside into the cities, and as employers struggle to f...
Q&A
Where do tier-two and three consumers spend their money in China?
- February 2015
- Free Access
According to Nielsen, a leading global provider of information and insights into human behavior, the top four areas where tier-two and three consumers are spending their spare cash are: new clothing, dining out, education funds and into saving deposi...
Q&A
What is the outline of China?s retail sector right now?
- February 2015
- Free Access
Currently, China’s retail sector is fragmented. Small independent stores dominate the retail landscape, with the top 100 retailers accounting for only 11 percent of total retail sales. For a long time, companies only set up stores in the downto...
Q&A
What are the requirements for setting up a foreign-invested commercial enterpris...
- February 2015
- Free Access
To set up a retail store in China, foreign investors must first (or concurrently) register a foreign-invested commercial enterprise. According to the 2004 FICE regulations, setting up a FICE requires applicants to meet the following criteria: Have...
Q&A
What is the minimum amount of capital needed to establish a foreign-invested com...
- February 2015
- Free Access
While in theory the new Company Law suggest that a FICE may be established with US$1 of capita, in practice, this is not a good idea for the following reason: a FICE’s capital should cover its pre-operational expenses (including rental fees, ta...
Q&A
How long is the application process to establish a foreign-invested commercial e...
- February 2015
- Free Access
Depending on the region of registration, planned business scope, and complexity of the business plan, the application process to establish a FICE generally takes five to six months and can be divided into two parts: pre-registration, i.e., what happe...
Q&A
How can a company in China concurrently establish a foreign-invested commercial ...
- February 2015
- Free Access
Where the foreign investor wishes to apply for the opening of a shop concurrently with the establishment of the FICE, the proposed shop must conform to the urban and commercial development plans of the city where it is situated, for which a document ...
Q&A
What do foreign investors setting up a retail business in China need to know abo...
- February 2015
- Free Access
The labor market in China is much more fast-paced and dynamic than that of Western countries. This means that Chinese talent is more volatile, faster to change their jobs and has higher expectation to a continuous career and salary development.
Q&A
What are the current laws regarding wage increase in China?
- February 2015
- Free Access
According to China's Employment Promotion Plan, the minimum wage in each jurisdiction in China must be increased at least once every two years; meanwhile, the 2011-15 Five-year Plan stipulates an average increase of 13 percent per year. As of ...
Q&A
How is the luxury goods industry in China likely to develop in the coming years?...
- February 2015
- Free Access
As the ratio of middle-class and affluent Chinese expands, the luxury goods market will grow apace through 2020. By 2013, Chinese consumers accounted for 47 percent of global luxury good sales, spending about US$102 billion for the year. Today the s...
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