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Insights

China Economic Outlook 2025

China’s economic outlook for 2025 signals a year of transformation, marked by shifts towards high-tech production, consumption-driven growth, and sustainable development. With GDP expected to grow by at least 5%, government policies are focusing on stimulating domestic demand, stabilizing the property sector, and expanding green energy and healthcare industries. Key initiatives include consumer trade-in programs, fiscal stimulus, and monetary easing. While global trade tensions pose challenges, China’s strategic diversification and policy adaptability position it for resilience. As 2025 unfolds, China remains committed to innovation, high-quality growth, and economic stability.

20 February, 2025

Latest Insights

Guangdong’s Maritime Economy: Leading in the Nation for 29 Consecutive Years

15 June, 2024

The “Guangdong Maritime Economy Development Report (2024)” highlights that Guangdong has held the top spot in China’s maritime economy for 29 years. In 2023, its maritime GDP was 1.87781 trillion RMB, comprising 13.8% of the regional GDP. The maritime industry, including emerging sectors like marine pharmaceuticals and renewable energy, contributed significantly to regional growth. Technological advancements and international cooperation, particularly in the Guangdong-Hong Kong-Macao Greater Bay Area, have bolstered its maritime sector’s robust performance.

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China-Ecuador Free Trade Agreement Takes Effect on 1 May 2024

15 June, 2024

The China-Ecuador Free Trade Agreement, which took effect on May 1, 2024, marks a significant advancement in economic relations between the two nations. By immediately eliminating tariffs on 60% of goods, with plans to extend this to 90%, the agreement opens up expansive trade and investment opportunities. This treaty not only facilitates a reduction in trade barriers but also promotes economic growth and cooperation. The immediate impact is seen in sectors ranging from agriculture in Ecuador to manufacturing in China, fostering a dynamic economic partnership.

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Regulatory Updates

Dong Business in China

Our China Guides comprise a series of informative articles that provide insights on efficiently handling the compliance responsibilities and administrative formalities associated with establishing and scaling up your business in Mainland China.

China Focus

Dong Business in Hong Kong

Are you looking to setting up a company in Hong Kong? Checkout our a series of comprehensive guides on how to set up and operate a business in Hong Kong.

Hong Kong Focus
Expanding your business into

Greater Bay Area

The Greater Bay Area (GBA) of China presents vast opportunities for businesses seeking to expand their operations in the region. The GBA comprises nine cities in Guangdong Province, Hong Kong, and Macau, with a combined population of over 70 million and a GDP of approximately USD 1.6 trillion. It is a critical part of China’s economic development strategy, aimed at creating a world-class metropolis and driving economic growth in the region.

We have a series of informative articles that delve into the various business opportunities available in the GBA. These articles cover a wide range of industries, including finance, technology, logistics, and tourism, among others. We provide insights on the GBA’s market potential, investment incentives, regulatory environment, and emerging trends that businesses can capitalize on.

Greater Bay Area Focus
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China Pushes for Nationwide Adoption of Fully Digitalised E-Invoices

Effective 1 December 2024, China’s State Administration of Taxation (SAT) has implemented fully digitalised e-invoices, or e-fapiao, nationwide. This initiative simplifies invoicing processes, replacing traditional paper-based invoices with a streamlined digital format featuring 17 key elements, including a unique 20-digit identification code. Legally equivalent to paper invoices, the e-invoice reduces administrative burden and enhances tax compliance. The move underscores China’s commitment to modernizing tax administration while promoting efficiency and standardization for businesses and consumers. By eliminating the need for duplicate copies, the digital system improves usability and supports the broader digital transformation of the country’s financial ecosystem.

More on "Finance and Taxation"

Market Entry, Industry Updates and More...

Promoting High-Quality Development: Interpretation of New Policies for the Financial Leasing Industry in Shanghai’s Lin-gang Special Area

On December 12, 2024, the Lin-gang Special Area of the Shanghai Free Trade Zone introduced new measures to promote high-quality financial leasing development. These policies aim to enhance competitiveness through optimized business environments, financial support, and industry-specific incentives. Key areas of focus include civil aviation, medical equipment, and green leasing, alongside fostering cross-border innovation and talent development. Effective from January 1, 2025, these measures will shape a dynamic financial leasing ecosystem. Companies should leverage these policies, strengthen financial partnerships, and expand internationally to maximize growth opportunities, especially under the Belt and Road Initiative.

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CW CPA is a professional advisory and CPA firm offering accounting and financial reporting, audit and assurance, corporate secretarial, HR process outsourcing, tax advisory and China consulting services, with offices in Hong Kong, Shenzhen, Guangzhou and Shanghai in China, Barcelona in Spain, London in the UK, Bogotá in Colombia, Belo Horizonte and São Paulo in Brazil. CW CPA is a member of Allinial Global, an award-winning association of legally independent accounting and consulting firms whose members collaborate to bring their clients best-in-class solutions. 

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