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Accounting in China can be hard work. Juggling daily transactions, long-term expense reports, annual tax compliance audits and the like can be nigh-impossible for the non-expert, but, often, small businesses don’t have the financial resources to support a full-time accountant. Recently, tech start-up MEGI has attempted to alleviate the burden of an in-house financial analyst by creating one of the first virtual CFOs.

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Labor contract, labor rights, legal advice, consulting, ECOVIS Beijing

To many expats, Chinese forms of personnel management often seem exotic and sometimes outright autocratic. When working and living in China, it is hard to ignore the daily morning roll calls of restaurant or barber shop staffs on the sidewalk, where shop managers admonish underperforming employees or the entire personnel vociferously intones the company anthem. However, most foreigners in China have learnt to accept the distinctive leadership style of Chinese managers, even if they strive to implement a more participatory and less militaristic style in their own firms. 

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Many investment experts see China’s health service industry as one of the most neglected and promising sectors for investment in China, which could offer great opportunities for foreign investors. An ageing demographic, caused by the infamous one-child policy and a wealthier and more urban population, demands a development of the Chinese health care system and its services.

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Achtung (Attention)! The world voted, and the best country in the world is (drum roll please...) Germany! — the U.S. comes in fourth and P.R. China ranks 17th. That’s according to the inaugural “Best Countries” ranking from U.S. News & World Report, the University of Pennsylvania’s Wharton School and global brand consultants BAV Consulting, which came out at beginning of this year. 

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German chancellor Angela Merkel visited China from June 12th to 14th, and presided, together with Chinese Premier Li Keqiang, over the 4th Round of Sino-German Government Consultations. This exchange mechanism at the cabinet level was first established in 2010 and is the only such institution between China and a country of the European Union. 

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China wants to become a global leader the fields of high technology and environmental protection. At the national congress of the China Association for Science and Technology, which was held on May 30th, 2016 in Beijing, Xi Jinping declared that China wants to join the rank of advanced nations in terms of technological progress by 2020 and become the leading global innovator by 2030.

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ECOVIS Beijing - international professionalism at your fingertips

ECOVIS is an internationally active consulting firm, specialized on accounting, audit, tax and legal advisory for SMEs, that employs more than 4,500 people in over 56 countries. At ECOVIS Beijing, our advisory activities are tailored to the requirements of internationally active enterprises who require tax advisors, accountants, auditors and lawyers in China. Working independently, objectively and absolutely reliably, we value mutual trust and long-term personal support in the partnerships with our clients above all. Because of our high quality standards and our commitment to long term customer satisfaction, ECOVIS Beijing is the trusted partner of several embassies and chambers of commerce in China. Not only do we assist your business in maneuvering China’s legal landscape, we will also help you setup the optimal tax structure. Our tax experts and legal advisors work together closely to ensure that our clients can reap the highest profits from our in-depth knowledge and always receive the newest updates first to adjust their business faster than others. At ECOVIS Beijing, we are proud to have a young, enthusiastic and fast-growing team of highly qualified lawyers, accountants, auditors, and consultants with international background that is fluent in English, Chinese or German. With several years of experience and profound practical knowledge we support our clients from China and overseas in every situation.

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ECOVIS Beijing
Room 1105, No. 5 DRC Building, No. 19 Dongfang East Road, 

Chaoyang District, Beijing, 100600

 

 

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