China Economic ReviewWith the ratio of retirees to active workers rising, China faces ever more severe problems in funding pensions benefits for retired workers. The looming crisis in China's pension system is beginning to attract more attention in the Western press – most often when retirees at state-owned enterprises stage protests to demand the payment of overdue […]
The telecoms equipment supplier China Putian Corp said it plans to build a Yn5bn industrial park in Shanghai in the next five years. The company's vice-president Bao Kangrong told China Daily that the 67-hectare park would become its national manufacturing base, covering products such as mobile communication equipment and multimedia-aided terminals. One of its first […]
One of the fastest-growing housing sectors is the serviced residence, which offers a combination of home comforts and hotel-style facilities. Foreign residents in China have never had it so good when it comes to finding a place to live. The range and availability of quality accommodation in the major cities has soared over the past […]
Insurance companies are keen to tap the Chinese market, but the public has yet to be persuaded that insurance cover is a worthwhile purchase. It was for her 13-year-old daughter that Shanghai resident Zhang Ying bought her first-ever insurance policy. The policy, which has now been running for five years, has a built-in life cover […]
The Chinese authorities are clamping down on tax avoidance, and where individuals are at fault, it's often their employer who is penalised. For those who perceive they are at risk, honesty may be the best policy. There has been a noticeable increase in tax enforcement activity in specific 'high revenue risk' areas by the Chinese […]