-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
China is rapidly positioning itself in the digital trade revolution
China is rapidly positioning itself as a major player in the global digital trade landscape. Vice Commerce Minister Wang Shouwen emphasized the country’s commitment to harnessing the potential of digital trade during a recent press conference on the upcoming Global Digital Trade Expo. This event is set to take place in Hangzhou, the capital of…
-
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…
-
World Bank projects 5.1% economic growth for Chinese economy
The World Bank recently unveiled its East Asia and Pacific Economic Update, offering insights into the economic prospects of the region for the coming year. Notably, the report projected a 5.1 percent growth rate for the Chinese economy in 2023. This forecast has generated significant interest due to its implications for the global economy. Aaditya…
