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Living in China: Shanghai expats receive security blanket
Foreigners and overseas Chinese who hold a Shanghai residence card and stay in a work contract with a Shanghai employer can now enjoy the city's social security and benefits, just as their local counterparts do: The Shanghai Human Resources and Social Security Bureau has put up a notice on its Website, stating that the policy has been in effect since October 10, 2009 [...]
Posted in China Also tagged delegate, director of the employment office, Foreigner, Hong Kong, human resources, Labor, Living In China, Living In Shanghai, medical insurance, Shanghai, Shanghai Daily, Social Issues, Social security, Social Security Bureau, taiwan, Treaty of Nanking, worker, Yangtze River Delta Leave a comment
China, Socialism & Consumer Behavior: Beijing tops the Chinese Nouveau Riche list
Recently the Hurun Research Institute published the 2009 Chinese Nouveau Riche Consumption Standard Report on the new rich in six cities: Beijing, Shanghai, Hangzhou, Shenzhen, Chengdu, and Shenyang; and the winner is: [...]
Posted in China, consumer behavior, economics, trends Also tagged bank, Beijing, Chengdu, entertainment, France, Hangzhou, holiday travel, Hurun, Italy, japan, Kyoto, Liaoning, Luxury Items, luxury products, Nouveau riche, Shanghai, Shenyang, Shenzhen, Sichuan, Spring Festival, Tokyo, United States, Yuan, Zhejiang 4 Comments
Intellectual Property: Survey shows public awareness of IPR low in China
Results of a recent survey show that while Beijing and Guangdong residents have a reasonably high awareness of the issues surrounding intellectual property rights (IPR), the majority of their fellow countrymen know little about the question [...]
Investing in China: Shanghai to launch plan to use yuan for foreign trading
Shanghai is set to be among the first to implement a pilot program to settle overseas trade using the Chinese RMB yuan to consolidate its international financial hub position, the Shanghai Financial Services Office said recently. Using the yuan as a settlement currency for international trade is a step forward to internationalizing the currency and will also boost Shanghai as an international financial hub. The city is a magnet for overseas financial players, home to the China headquarters of giants such as HSBC and Citigroup. The city also holds the mainland's bigger stock market, biggest futures market, gold, currency and interbank markets...
Posted in China, economics Also tagged Asia, Chinese Mainland, Chinese State Council, Guangdong, Hong Kong, HSBC, Shanghai, Singapore, Southeast Asia, Yangtze River, Yuan, Yunnan Leave a comment
Living in China: Shanghai foreigner influx doubles in five years
The number of expats living in Shanghai and those working in local foreign-invested enterprises almost doubled from 2002 to 2006, according to a Shanghai Federation of Trade Unions report released recently. Issued every five years, the report said there were a total of 119,876 expatriates living in the city in 2006, compared to 61,610 in 2002. The number of expats working in foreign-invested companies in the city increased from 40,076 to 76,873 over the same period...
Posted in China, trends Also tagged Average Salary, Foreigner, Hong Kong, Living In China, Living In Shanghai, real estate, Report, Shanghai, Shanghai Expats, taiwan, Yuan Leave a comment
Living in China: Shanghai heads list of expats’ favorite cities
Shanghai maintains the highest quality of life on Chinese mainland for Asian expats, but environmental pollution problem is still a concern, according to the latest survey. The Location Ranking Survey, conducted by one of the world's largest human resources organizations, ECA International, ranked Shanghai in 11th place in Asia and 78th in the world in terms of expat living conditions. The city retained its top spot among the 13 cities in Chinese mainland that included Beijing, Nanjing, Tianjin, Shenzhen, Guangzhou and Xiamen [...]
Posted in China Also tagged Air Quality, Asia, Beijing, Chinese Cities, Chinese Mainland, ECA International, General manager, Guangzhou, health services, Hong Kong, Infrastructure, Jiangsu, Jiangsu Province, Living In China, Living In Shanghai, Nanjing, pollution, Report, Shanghai, Shanghai Expats, Shenzhen, Singapore, social network, Survey Report, Taipei, Tianjin, Xiamen Leave a comment
China Enacts National Competition Law
Culminating a 13-year drafting process, on August 30 the Standing Committee of the National People's Congress enacted China's first competition law, the Anti-Monopoly Law ( [Fan Longduan Fa] ). It prohibits discriminatory and anti-competitive practices by local administrative and public bodies against products, business operators and investors from other parts of China, and Fines for monopoly agreements and abuses of dominant position may range as high as one to ten percent of the wrongdoing company's total sales volume in the relevant market during the previous year...
Posted in China, economics Also tagged Asia, Chinese Authorities, Commercial Secrets, Europe, european union, Hong Kong, intellectual property law, Intellectual Property Rights, National Development and Reform Commission, People's Republic of China, Report, SAIC, senior official, Standing Committee of the National People, State Administration, State Administration for Industry and Commerce, taiwan, United States Leave a comment
China, Socialism & Consumer Behavior: U.S. destinations target affluent Chinese tourists