16 NOVEMBER 2022View in Browser
 
 
 

This week's primary foreign investment news
from our ASEAN, China, India, Russia, Belt & Road and Vietnam Briefings.
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HEADLINES:

Curated by Chris Devonshire-Ellis

This week we analyze the underlying US-China trade currents rippling out from the Biden-Xi meeting at the G20 in Bali, have a complimentary China 2023 Accounting, Tax & Audit Compliance Guide for you, and examine the development of the new China Metaverse.

In ASEAN we look at the mega-infrastructure projects China has just committed to, essentially linking China, Cambodia, Vietnam and Thailand via a massive rail loop, look at obtaining Ecommerce Market Access to Indian consumers, and examine the 13 new proposed members for BRICS – a development that will significantly alter global trade flows and supply chains. We complete the week with our usual BRI global investment overview.

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US & CHINA
US-China Trade and Investment the Winner After Biden-Xi G20 Meeting
The US Secretary of State, Antony Blinken, is set to visit Beijing following an apparently cordial meeting in Bali between US and China Presidents Biden and Xi. Their three-hour personal meeting was followed through with a number of specific points concerning areas of political stress, with both sides seemingly keen to walk back on a number of issues of concern. Trade is likely to be the ultimate winner; we highlight the prospects for this as well as the outstanding political areas as they were discussed.
 
CHINA
Building China’s Virtual World – The New Action Plan for Metaverse Technology
China’s top industry planner has released a new action plan for developing virtual reality in China. The action plan outlines key targets for the development of technologies related to the metaverse up until the year 2026 and proposes key tasks and measures for developing the industry. We discuss the significance of the plan and look at what the role of foreign investors may be in the future of China’s metaverse.
 
A Quick Guide to Accounting and Audit in China 2023 – New Publication from China Briefing
China Briefing’s A Quick Guide to Accounting and Audit in China 2023 is produced in collaboration with the accounting and audit experts at Dezan Shira & Associates and aims to walk foreign businesses through the annual audit and compliance process from start to finish. The guide covers the following: Chinese accounting standards; Annual audit in China; Annual compliance requirements in China. This practical and easy-to-understand guidebook will be of invaluable use to all executives involved in handling company finances concerning China, including: Chief Executive Officers; Chief Financial Officers; and Accounting Managers. Complimentary download.
 
ASEAN
China Announces New ASEAN Belt & Road Initiative Projects Centered Around Cambodia
The 2022 ASEAN summit took place at the Cambodian capital Phnom Penh, this past weekend, with China as an official guest. At the event, Chinese Premier Li Keqiang announced Beijing’s approval of Chinese investment in significant infrastructure projects in the ASEAN region. Among these is a US$1.6 billion expressway to be built from Phnom Penh to Bavet, at the Cambodian-Vietnamese border, and financial support for a rail link between Phnom Penh, Bangkok, and Vientiane, Laos, from which a high-speed rail link has already been constructed into China.
 
INDIA
E-Commerce in India: Sector Profile and Step-by-Step Guide on Selling Online
Spurred by increasing smartphone penetration, an expanding internet user base, and rising consumer wealth, e-commerce platforms have revolutionized the way business is done in India. Estimated to be currently at 25% of the total organized retail market, India’s online retail segment is projected to reach a 37% share by 2030. Such growth trends and shifting consumer patterns create highly attractive opportunities for foreign companies that may have previously hesitated to enter the country’s traditional retail space. We discuss market entry options for foreign investors in this market.
 
BRICS
The New Candidate Countries For BRICS Expansion
If accepted, the new proposed BRICS members would create an entity with a GDP 30% larger than the United States, over 50% of the global population and in control of 60% of global gas reserves.
 
RUSSIA
Sberbank In Discussions For China Banking Operational License
Would ease transactional difficulties for Russian investors in China.
 
BELT & ROAD INITIATIVE
Belt And Road Weekly Investor Intelligence #107
All the latest international news from across China’s Belt and Road Initiative.
 
 
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UPCOMING EVENTS IN THIS MONTH
 
China's Greater Bay Area: Accessing Latest Business Subsidies in 2022
Webinar | November 17, 2022 | 4:00 PM China / 3:00 PM Vietnam / 9:00 AM CET
 
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Webinar | Wednesday, November 23, 2022 | 4:00 PM China / 3:00 PM Vietnam / 9:00 AM CET
 
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Webinar | November 24, 2022 | 4:00 PM China / 3:00 PM Vietnam / 9:00 AM CET
 
China Market Entry Strategies: China Britain Trade Expo
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Business of IP Asia Forum
Business Forum | December 1-2, 2022 | Hong Kong & Online
 
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Webinar | Monday, December 5, 2022 | 10:00 - 11:15 Italian Time / 17:00 - 18:15 China Time
 
Opportunities in Indonesia's Special Economic Zones: Choosing the Ideal Location (Eastern Standard Time)
Webinar | December 8, 2022 | 10:00 AM PST / 1:00 PM EST
 
Big in Asia Conference 2022 - Estonia
Conference | December 8, 2022 | 9:30 - 17:00 Eastern European Time Zone
 
 
 
 
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