17 NOVEMBER 2021View in Browser
 
 
 

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

 
 

HEADLINES: This week's update is dominated by Chinese politics, with Xi Jinping and US President Biden holding talks, the much-anticipated ‘Sixth Plenum’ just finishing, internal party jostling over who gets to sit on China’s Politburo in 2022, and some frank opinions on behalf of the UK concerning Xinjiang. Taken together, one can detect the signs of some thawing of Western attitudes to China.

In trade, we provide a brand new, unique report giving data insights into where US and European capital is currently flowing into Asia and China, look at China tax incentives and how bilateral trade is developing with Russia, look at tax incentives for investors in Singapore, the benefits for Vietnam in the RCEP free trade agreement and why Bangladesh is becoming an ASEAN+1.


Click here to go straight to the main news page, or if you think your colleagues
should be receiving this then please forward this to a friend and let them know.

Subscriptions are available here
 
 
 
 
ASIA INVESTMENT RESEARCH
New Asia Investment Research Report: Q3 2021 Global Investment Flows Into China And Asia
Tracking where the money is heading is an excellent way to find new investment trends and where the returns are likely to be found. In this brand new report, Asia Investment Research looks at where capital is flowing from the United States and EU into China and Asia, the volumes, companies and projects involved. Essential reading for Asia financial analysts.
 
 
CHINA TRADE
China's Tax Incentives: An Overview Of Key Schemes
China’s tax incentives are preferential tax policies offered by its local and/or central governments to incentivize or encourage a particular economic activity or to support disadvantaged business owners or individuals. From the investor’s perspective, these tax incentives are legitimate tools for reasonable tax planning and cost savings. Also, it is a useful indicator of market trends and government priorities.
 
China-Russia Bilateral Trade Up 30.9% Over 2020
Russo-Chinese trade turnover from January to October 2021 grew by 30.9% year on year, reaching US$115.66 billion, China’s General Customs Administration reported on Sunday. That indicates a predicted 2021 total trade turnover of about US$140 billion for the year. Chinese exports to Russia increased 30.6%, to about US$52.9 billion in value during the first ten months of 2021, while Chinese imports of Russian goods and services to China grew by 31.2%, to US$62.76 billion.
 
 
CHINA POLITICS
Cooperation Meets Competition As Biden And Xi Hold Talks
Trade will be strong, but ideological differences will continue to impact on solving globally important problems. Where the mutual rhetoric doesn’t match is in understanding each other’s ideologies. This could become problematic. Over the past two years, in speeches held both mutually and apart, the two sides have been very consistent when it comes to both dealing with each other and handling global issues. China has stressed the need for ‘cooperation’ while the United States has avoided that and stressed ‘competition’. These are opposites when it comes to strategic thinking. Competition is good, right?
 
China's Sixth Plenum: What Happened?
Nearly 350 members and alternate members of the CCP Central Committee have gathered in Beijing since November 8 to review the Resolution on Major Achievements and Historical Experience of the CPC’s 100 Years of Endeavors, which has been touted as being of “historical significance” and is only the third such resolution since the CCP’s foundation 100 years ago.
 
China's Next Politburo: The Candidates
Who are the candidates expected to take China into the 2030s?
More Chinese political consolidation can be expected as it will shortly be choosing the Politburo candidates for the 20th Party Congress, which starts from October next year. That will appoint China’s most senior leaders for the coming five years and possibly longer. They will, in effect, be some of the most powerful men in the world, and will ultimately be responsible for driving China into the 2030’s. So, who are these people?
 
British Government Rejects Claims Of Genocide In Xinjiang And Imposing Sanctions On China
The British Government issued a formal response (November 14) to the Foreign Affairs Committee’s request into Xinjiang. When such reports are published the Government has 60 days to provide a reply, either accepting or rejecting the recommendations put before them. This mechanism acts as a bellwether concerning current thinking towards policy on stated subjects. The Government refused to declare the situation in Xinjiang as genocide and rejected a call for a ban on cotton imports from Xinjiang or sanctions on all goods and companies associated with the region.
 
 
ASEAN
Business And Tax Incentives For Foreign Investors In Singapore
With one of the world’s most business-friendly tax regimes, Singapore has emerged as a major financial and economic hub in Asia. Investors are also drawn by the efficient and cost-effective process to incorporate a company, and the country’s transparent legal system. Companies setting up in Singapore are eligible for various business and tax incentives that can help reduce their final corporate income tax rate.
 
RCEP: New Opportunities For Foreign Investors In Vietnam
The Regional Comprehensive Economic Partnership (RCEP) will officially come into force on January 1, 2022. RCEP further builds on free trade agreements within ASEAN and will build on economic integration and shape future trade policy. As Vietnam is a party to several trade agreements, joining the RCEP will further help it reduce trade barriers and improve market access for its goods.
 
Bangladesh's Mega-Projects Are Projecting The Country To Be A Major Asian 2022 Economy
Bangladesh’s ability to attract and invest capital into its infrastructure needs has massively increased during the past two-three years with global investors looking at the country as a solid investment. The country sits between ASEAN and the India-Centric SAARC, provides Himalayan and China access, which together with a welcoming foreign investment regime are seeing the country develop as a South-Asian supply chain hub. Bangladesh is where South-East Asia meets the Himalaya and the Indian sub-continent. Collectively, these are markets of over 2 billion people. Bangladesh is becoming an ASEAN+1.
 
 
THE BELT AND ROAD INITIATIVE
China's Belt And Road & Beyond
All the latest international news about the BRI, including competitors, finance, infrastructure plans and climate change issues.
 
 
 
Not subscribed to Asia Weekly Briefing? Subscription is complimentary. Please click here
 
 
UPCOMING EVENTS IN THIS MONTH
 
Ready for 2022: Health Checks for a Compliant, Risk-Controlled, and Efficient Business
Webinar | November 24, 2021 | 5:00 PM China Time / 4:00 PM Vietnam / 10:00 AM CET
 
China's FY2021 Annual Audit: What's New and How to Prepare?
Webinar | November 25, 16:00 China Time / 15:00 Vietnam / 9:00 AM CET
 
Attractive Policies of Free Trade Zones from an HR Perspective
Conference | December 2nd | 14:00 - 17:30
 
Business of IP Asia Forum 2021
Conference | December 2-3, 2021 | 10:00 AM HKT
 
India’s Emerging Sectors in 2022
Webinar | December 9, 2021 | 2:30 PM India Time / 4:00 PM Vietnam / 5:00 PM China
 
 
 
 
For daily alerts, follow us on social
 
 
 
UnsubscribeAbout us
 
©1992-2021 Dezan Shira & Associates All Rights Reserved.