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New Guide to Payment Services in China available
The Payment & Clearing Association of China has released its latest Guide to Payment Services in China. This comprehensive guide provides valuable insights into the landscape of payment services in China, making it an essential resource for anyone who plans to visit China. The Guide covers several payment options such as mobile payments, bank cards,…
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Media Scope Group licenses China Insights on open license
Media Scope Group is thrilled to announce that we are licensing China Insights on an open license. China Insights is an open knowledge base with resources related to China, serving as a reliable source of information on Chinese society, culture, business, and innovation. We are committed to building global commons by using public licenses and…
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Revised Company Law of China: 2024
The revised Company Law of China, approved on December 29, 2023, is set to be implemented from July 1, 2024. This law primarily aims at Enhancing the Structure of Corporate Governance, Refining the System of Shareholder Contributions, and Regulating the Procedures for Company Deregistration. It is expected to significantly influence the daily compliance activities of…
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Organizing the delegation of the Embassy of China
Introduction As the global business landscape is evolving rapidly, establishing international partnerships and exploring new markets is crucial for growth. Media Scope Group, a strategic communications firm, was recently presented with a unique challenge: to organize a delegation for the Embassy of China. The primary objective of this delegation was to attract innovative companies to…
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The rise of Chinese cities in high-quality scientific research
The global landscape of scientific research is undergoing a significant transformation, with Chinese cities rapidly ascending in the production of high-quality research. This shift is evidenced by the latest global ranking of top science cities by Nature Index. The “Leading 200 Science Cities” list The “Leading 200 Science Cities” list, maintained by the academic journal…
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RMB valuation anticipated ro rise moderately
The recent strengthening of the Chinese renminbi (RMB) against the US dollar reflects strong market confidence in the potential of China’s economic recovery and the improving outlook of the external environment. This upward momentum of the Chinese currency is likely to continue for the next few months, experts said on Tuesday. After rising 800 basis…
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China’s Outbound Direct Investment surges in the first 10 months of 2023
China’s non-financial outbound direct investment (ODI) witnessed robust growth, increasing by 17.3 percent year on year to 736.2 billion yuan in the first 10 months of the year, according to official data released by the Ministry of Commerce. In U.S. dollar terms, the ODI reached 104.74 billion U.S. dollars during this period, marking an 11…
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SAFE data shows balanced cross-border capital flows in China
According to data from the State Administration of Foreign Exchange (SAFE), China’s cross-border capital flows became more balanced in October 2023. The net inflows under trade in goods increased by 52% from September, which continued to play an important role in stabilizing cross-border capital flows. Wang Chunying, deputy director and spokesperson of the SAFE, stated…
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Website for the UAE-China Chamber of Commerce
The UAE-China Chamber of Commerce was in need of establishing its digital presence to reach its target audience. The chamber also needed a membership application system that was compliant with local privacy laws in China and UAE. The chamber has decided to turn to Media Scope Group to find the solution to its needs. Problem…
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Cruise tourism in China is on the rise
In a post-pandemic rebound, China’s cruise tourism industry is witnessing a surge in activity, marked by the departure of numerous cruise ships from various ports in the country. Among these, the “Mediterranea,” operated by Adora Cruises, embarked on a voyage from Tianjin on September 30, 2023. This cruise, characterized by its unique Mediterranean-style experience, global…
