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The latest requirement to apply to work in China: the Certificate of No Criminal Conviction

The latest requirement to apply to work in China: the Certificate of No Criminal Conviction

Imagine: you have discovered an exciting new opportunity to work in and experience China – something you have wished to do for some time. You’ve booked your flights, arranged accommodation and finalised procedures with your new employers. Only a couple more steps: your employment license and ‘Z’ […]

Let’s Talk Accounting -What Foreign Invested Enterprises (FIE) should know about accounting in China and its principle differences from international accounting standards

Let’s Talk Accounting -What Foreign Invested Enterprises (FIE) should know about accounting in China and its principle differences from international accounting standards

Small enterprises, large multinational firms, joint ventures, branches, subsidiaries and etc. cannot escape one of the most important aspects of business operation- accounting. As an FIE, it is even more crucial to understand the New Chinese Accounting Standards (known as New PRC GAAP or ASBE) in order […]

Networking with Chinese Characteristics: Guanxi

Networking with Chinese Characteristics: Guanxi

Guanxi: the cultural and social necessity of doing business in China  The Chinese term “Guanxi” has a reputation that precedes itself. The West has a colorful range of names for it: bribery, dirty work, kissing ass, buying the connections, bending the rules, taking a shortcut, the Chinese […]

The People’s Republic of Fapiaos- the Chinese invoice system and how closely it is intertwined with your life in China

The People’s Republic of Fapiaos- the Chinese invoice system and how closely it is intertwined with your life in China

Consider this scenario: thankfully, you have navigated your way in a Chinese taxi to arrive at your destination. As you say goodbye to the driver, he flips up the meter sign to “vacant” and you hear that familiar clicking sound a small piece of paper is being […]

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