Foreigners work permit china

Participants at the meeting (Source: VNA) Hanoi (VNA) – Ambassador Tran Duc Binh, head of Vietnam's permanent mission to ASEAN, has attended the 9th Meeting of the Joint Council of the ASEAN – China Centre (ACC) in Xian, China. The annual meeting reviewed ACC’s activities in 2019 and approved a plan for the centre’s operations in 2020. Accordingly, the centre successfully implemented 23 projects to promote trade, investment, tourism, and education cooperation, and culture and people-to-people exchange between ASEAN member nations and China. The 2019 ASEAN-China Intelligent Industry Conference, and a programme to promote Chinese  firms’ investment in Vietnam, were held in HCM City in July 2019. Participants said the ACC’s projects should focus on supporting the realisation of decisions by the ASEAN-China Summit, including the ASEAN - China Strategic Partnership Vision 2030, … [Read more...] about Vietnam attends ASEAN – China Centre Joint Council’s meeting

A European business lobby added that its outlook on the country's regulatory environment is "bleak." China's trading partners have long complained that their companies are often compelled to hand over prized technology in exchange for access to the world's second-largest economy. Demands by the United States that China address the problem are central to the two countries' ongoing trade war, which has seen both sides pile tariffs on billions of dollars of each other's goods. The European Union Chamber of Commerce in China said on Monday that results from its annual survey showed 20 percent of members reported being compelled to transfer technology for market access, up from 10 percent two years ago. Nearly a quarter of those who reported such transfers said the practice was currently ongoing, while another 39 percent said the transfers had occurred less than two years ago. "Unfortunately, our members have reported that compelled technology transfers not only persist, but that they … [Read more...] about China’s tech transfer problem is growing, EU business group says

The meeting was the first in four decades that came amid tense relations between the United States and China. Taiwan's national security chief David Lee met White House national security adviser John Bolton earlier this month, the island's foreign affairs ministry said in a statement on Saturday. The official Central News Agency said the meeting was the first since the island and the United States ended formal diplomatic ties in 1979. China considers Taiwan a renegade province, to be reclaimed by force if necessary, and the meeting is likely to anger Beijing further with Sino-U.S. relations already tense. The diplomatic temperature has risen in recent weeks amid an escalating trade war, U.S. sanctions and China's increasingly muscular military posture in the South China Sea, where the United States also conducts freedom-of-navigation patrols. The rare meeting will be viewed by Taiwan as a sign of support from the Trump administration. Tensions have also risen between Taipei and … [Read more...] about Taiwan and US security officials hold rare meeting amid China tension

Enterprises not only want to develop market share in Vietnam but also to invest in the country so as to make use of trade advantages that Vietnam is enjoying. Attraction from export turnover According to the ministry, by November this year, there were 30 export products with export turnover of above US$1 billion, accounting for 91.6 percent of total exports, mainly focusing on key product lines, including electrics, electronics, garment and textile, footwear, plastics, computers and components. Specially, there were five products with export turnover of above $10 billion, accounting for 59.6 percent. Particularly, cellphones and components had the highest export value of $48.7 billion, accounting for 20.2 percent of total exports, an increase of 5.4 percent over the same period last year. Electronics, computers and components reached export turnover of $32.4 billion, an increase of 19.4 percent. Exports of garment and textile touched $29.9 billion, an increase of 7.8 percent. … [Read more...] about Vietnamese market attractive to foreign enterprises

S&P cut its outlook from its previous assessment of "stable" on Thursday, warning that economic rebalancing away from investment towards services was taking longer than expected.Chinese foreign ministry spokesman Hong Lei said on Friday that the country was "in the process of economic transformation" and that economic fundamentals were stable. “We hope the relevant organisation can have a comprehensive understanding of China’s economic development, and make an objective judgement,” he added at a regular briefing. Beijing posted its slowest economic growth in a quarter century last year as it grappled with a tough transition away from dependence on heavy industries toward a consumer-driven growth. Fluctuations in the exchange rate and stock markets last summer and slow progress on market reforms in state-dominated sectors undermined confidence in leaders' willingness to push for change. S&P kept its rating on Chinese sovereign bonds unchanged at … [Read more...] about China insists economy stable after S&P lowers outlook