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BUSINESS OPPORTUNITIES IN CHINA FOR FOREIGNERS - CBC GROUP

 Looking back at 2020, it has been an extremely special year for any country in the world. A virus brought about precipitous global economic contraction and slow recovery. And now, China, the world's best-controlled country in terms of the epidemic, is steadily making progress in its economic recovery. Even, shortly after the Chinese Lunar New Year holiday, several foreign investment projects are already in full swing. For example, in the city of Huizhou in Guangdong province, ground was broken for a wholly-owned chemical plant by US energy giant Exxon Mobil Corporation, with a total investment of around US$10 billion. In Zhanjiang, another city in the province, German chemical giant BASF SE is pushing ahead with its Verbund project, a "first" for a wholly foreign-owned company in China's heavy chemical industry. In addition, China Business Consultants CBC Group, which provides both China Market Entry services and China Business Consulting Services, indicated China i
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HOW TO PICK THE RIGHT PAYROLL SERVICE FOR YOUR BUSINESS IN CHINA

What is Financial Outsourcing? financial outsourcing is the process of breaking down the entire financial management activity into a number of modules according to the needs of the enterprise, such as general ledger accounting, current account management, China Payroll Outsourcing Services , fixed asset management, Payroll & HR Services in China, tax reporting, Tax Advisor and other modules, and outsourcing the parts of these modules that the enterprise is not good at managing or does not have a comparative advantage to professional organizations that are leading the industry in this area. While this is the accepted definition of financial outsourcing, it does also help companies to improve the efficiency of their basic services. However, outsourcing can mean delegating parts of a function to an external organization, rather than handing it within the company’s internal management processes. Although the majority of Corporate Accounting Firms in China is carried out by qualified
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