Posted on May 14, 2019 by Keith Warburton under China, Chinese exports, Chinese yuan, U.S., United States, US China trade talks
As the US-China trade war prepares to enter its second year, experts observe tighter regulation by Beijing of the Chinese yuan. In such a situation, the yuan would hover within a narrow value range, proving that China is neither overly influenced by other nations’ efforts. At the time of writing, 1 US Dollar trades for […]
Posted on April 15, 2019 by Shanghai CPA Firm under China
(For brevity and readability consideration, we only cite part of the tax policies in report; for complete and detailed information, please refer to relevant document paper issued by China’s tax bureau.) 1. Replace business tax with value-added tax (VAT) The reform of business and VAT on May 1st 2016 had significant influences on the transportation […]
Posted on January 17, 2019 by Shanghai CPA Firm under China
In these years, there are some significant changes in IFRS, such as IFRS 15 – Revenue from contracts with customers, IFRS 16 –leases and etc. They all have impacts on the Chinese market. The PRC GAAP has some subject changes to follow up with IFRS. 1. Distinguish continuous operating net profit with terminus operating net […]
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