Send or Receive Money in China

| August 16th, 2016

As economy globalizes, and working permits gradually become easier to obtain, the need to move money between bank accounts in different countries grows. Businesses and individual clients are constantly seeking for the most efficient and price effective method to move their funds globally, and the answer isn’t always straightforward. There is no one specific method which can be considered the best way to transfer money abroad – the selection has to be made on a per-case basis.

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China’s "Naked Marriage" prove not all brides demand premarital payout

| May 17th, 2013

Popular Chinese TV series ‘Naked Wedding’ (literally ‘Naked Marriage Era’) explores the rising ‘naked marriage’ trend in China.

Media stories about Chinese marriage trends read like an endless refrain on the subject of materialism. In last few years, reports by NPR, the Telegraph, the National, and the New York Times have focused on the enormous financial transactions that precede the nuptials of China’s younger, materialistic generation and keep its poor men single. Tales of staggering dowries and “bride prices” depict couples […]Read more…

How much are multinational companies dependent on China?

| April 21st, 2012

From Netease:

Report on Wednesday said, the ambitious Starbucks is continuously expanding in China, but customers staying in Starbucks not leaving is a major obstacle of expanding in China – “Customers love these shops too much, they sit there for hour after hour, and sometimes without buying any coffee at all.”  In fact, although these multinational companies have amazing rate of expanding in China, looking at the sales numbers comparing with total global sales, China is still relatively a small market, […]Read more…

“Residents only pay 111 RMB/month for housing” Says China Statistics Bureau

| May 5th, 2011

From 21st Century Economic Report via Yahoo

Statistics Bureau said Chinese monthly expenditure of residential housing is 111 Yuan, which caused controversy

Key information: the result issued by China Statistics Bureau recently shows that the average monthly expenditure of one citizen is 1,123 Yuan, among which housing expenditure only costs 111 yuan, lower than expenses of food, transportation, communication, education, entertainment and clothing.

Is 3,000 personal income tax exemptions too high or too low?

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Who was behind the panic buying of salt?

| April 2nd, 2011

From Netease: translated by Roy

Last 2 weeks, some cities in China were running short on salt due to the earthquake in Japan. March 17, salt in some supermarket was snatched within an hour. People felt depressed facing the empty salt shelf.

The earthquake in Japan caused the nuclear crisis. With the rumors like “Iodized salt can protect people from radioactivity”, “Chinese salt will be polluted by radiation.” spreading on the Internet and cell phones, people in China all joined into the […]Read more…