PHC Advisory Tax and Accounting

🇨🇳 𝐒𝐡𝐚𝐧𝐠𝐡𝐚𝐢'𝐬 𝐄𝐜𝐨𝐧𝐨𝐦𝐲 𝐆𝐫𝐨𝐰𝐬 𝟓.𝟔% 𝐢𝐧 𝐅𝐢𝐫𝐬𝐭 𝐇𝐚𝐥𝐟, 𝐁𝐞𝐚𝐭𝐢𝐧𝐠 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐏𝐚𝐜𝐞

July 20 -- Shanghai's gross domestic product expanded 5.6 percent year on year in the first half of 2026 at constant prices, outpacing the national average by 0.9 percentage point as growth in industry, finance, and information technology services continued to strengthen.

Read the full article at:
https://www.yicaiglobal.com/news/shanghais-economy-grows-56-in-first-half-beating-national-pace

Visit our official website if you would like to learn more about our tax & accounting services: https://phcadvisory.com

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A Company of DP Group

🇨🇳 𝐂𝐡𝐢𝐧𝐚'𝐬 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐭𝐫𝐚𝐝𝐞 𝐬𝐮𝐫𝐠𝐞𝐬 𝟏𝟔.𝟗% 𝐢𝐧 𝐇𝟏

China's foreign trade grew by 16.9 percent on a yearly basis to 25.47 trillion yuan ($3.76 trillion) in the first half of 2026, according to data released by the General Administration of Customs (GAC) on Tuesday.

Read the full article at:
https://www.chinadaily.com.cn/a/202607/14/WS6a55a9c2a310986e2b4652bd.html

Visit our official website if you would like to learn more about our tax & accounting services: https://phcadvisory.com

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A Company of DP Group

🇨🇳 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐀𝐧𝐧𝐮𝐚𝐥 𝐔𝐩𝐝𝐚𝐭𝐞𝐬 𝐨𝐟 𝐒𝐨𝐜𝐢𝐚𝐥 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐂𝐨𝐧𝐭𝐫𝐢𝐛𝐮𝐭𝐢𝐨𝐧 𝐁𝐚𝐬𝐞

In China, social insurance contributions are generally calculated based on employees' salary income, subject to the lower and upper limits announced by local authorities. According to the PRC Social Insurance Law, employers are required to declare and pay social insurance contributions in full and on time, while the employee portion should be withheld and paid by the employer. Click to read full article.

Also available in:
Italiano: https://www.phcadvisory.com/ita/index/Lists/show/catid/5/id/357.html
中文: https://www.phcadvisory.com/cn/index/Lists/show/catid/5/id/368.html

At PHC Advisory Tax & Accounting, we can offer your business in China full support on relevant tax & accounting matters. Schedule a call with us at [email protected] to get more info!

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A Company of DP Group

Compliance Management and Annual Updates of Social Insurance Contribution Base-NEWS-PHC ADVISORY PHC is specialized in Accounting, Tax and Financial Services, and provides such to enterprises belonging to different countries and industries. Our Mission is to help our Clients achieve their goals, by supporting them with a team of professionals.

🇨🇳 𝐂𝐡𝐢𝐧𝐞𝐬𝐞 𝐀𝐮𝐭𝐨𝐦𝐚𝐤𝐞𝐫𝐬 𝐒𝐮𝐫𝐩𝐚𝐬𝐬 𝐉𝐚𝐩𝐚𝐧𝐞𝐬𝐞 𝐏𝐞𝐞𝐫𝐬 𝐢𝐧 𝐄𝐮𝐫𝐨𝐩𝐞𝐚𝐧 𝐍𝐞𝐰 𝐂𝐚𝐫 𝐑𝐞𝐠𝐢𝐬𝐭𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐅𝐢𝐫𝐬𝐭 𝐓𝐢𝐦𝐞 𝐢𝐧 𝐌𝐚𝐲

July 6 -- Chinese automakers overtook their Japanese rivals in monthly new car registrations in Europe for the first time in May to take a 12 percent market share in a new milestone for the global automotive industry as it shifts to electric power.

Read the full article at:
https://www.yicaiglobal.com/news/chinese-carmakers-surpass-japanese-peers-in-europe-by-new-vehicle-registrations-for-first-time-in-may

Visit our official website if you would like to learn more about our tax & accounting services: https://phcadvisory.com

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A Company of DP Group

🇨🇳 𝐀 𝐁𝐫𝐢𝐞𝐟 𝐓𝐚𝐱 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐟 𝐚𝐧 𝐎𝐟𝐟𝐬𝐡𝐨𝐫𝐞 𝐂𝐫𝐨𝐬𝐬-𝐁𝐨𝐫𝐝𝐞𝐫 𝐓𝐫𝐚𝐧𝐬𝐚𝐜𝐭𝐢𝐨𝐧 ("𝐁𝐨𝐭𝐡 𝐄𝐧𝐝𝐬 𝐎𝐮𝐭𝐬𝐢𝐝𝐞 𝐂𝐡𝐢𝐧𝐚")

A Shanghai-based company ("Company A") secured a major contract from an Italian customer to supply a complete set of equipment and perform installation services. As Company A has no legal entity or operational presence in Europe, it subcontracted the entire project to a local Italian supplier ("Supplier B"), who procured the equipment locally and completed the on-site installation in Italy. Click to read full article.

Also available in:
Italiano: https://www.phcadvisory.com/ita/index/Lists/show/catid/5/id/356.html
中文: https://www.phcadvisory.com/cn/index/Lists/show/catid/5/id/367.html

At PHC Advisory Tax & Accounting, we can offer your business in China full support on relevant tax & accounting matters. Schedule a call with us at [email protected] to get more info!

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A Company of DP Group

A Brief Tax Analysis of an Offshore Cross-Border Transaction ("Both Ends Outside China")-NEWS-PHC ADVISORY PHC is specialized in Accounting, Tax and Financial Services, and provides such to enterprises belonging to different countries and industries. Our Mission is to help our Clients achieve their goals, by supporting them with a team of professionals.

🇨🇳 𝐈𝐧𝐭𝐞𝐫𝐩𝐫𝐞𝐭𝐚𝐭𝐢𝐨𝐧 𝐨𝐟 𝐅𝐢𝐯𝐞 𝐊𝐞𝐲 𝐑𝐞𝐯𝐢𝐬𝐢𝐨𝐧𝐬 𝐮𝐧𝐝𝐞𝐫 𝐭𝐡𝐞 𝐍𝐞𝐰 𝐕𝐀𝐓 𝐋𝐚𝐰

China's Value-Added Tax Law ("VAT Law") and its Implementing Regulations came into force on 1 January 2026. Subsequently, the Ministry of Finance and the State Taxation Administration issued a series of supporting announcements to ensure smooth implementation. As VAT represents China's largest source of tax revenue, the rollout of the new VAT Law and its supporting policies will positively improve the tax and business environment and support high-quality economic development. Click to read full article.

Also available in:
Italiano: https://www.phcadvisory.com/index/Lists/show/catid/5/id/390.html
中文:

At PHC Advisory Tax & Accounting, we can offer your business in China full support on relevant tax & accounting matters. Schedule a call with us at [email protected] to get more info!

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A Company of DP Group

Interpretation of Five Key Revisions under the New VAT Law-NEWS-PHC ADVISORY PHC is specialized in Accounting, Tax and Financial Services, and provides such to enterprises belonging to different countries and industries. Our Mission is to help our Clients achieve their goals, by supporting them with a team of professionals.

🇨🇳 𝐂𝐡𝐢𝐧𝐚’𝐬 𝐀𝐈 𝐁𝐨𝐨𝐦 𝐏𝐨𝐰𝐞𝐫𝐬 𝐘𝐚𝐧𝐠𝐭𝐳𝐞 𝐑𝐢𝐯𝐞𝐫 𝐃𝐞𝐥𝐭𝐚 𝐓𝐫𝐚𝐝𝐞 𝐭𝐨 𝐑𝐞𝐜𝐨𝐫𝐝 𝐇𝐢𝐠𝐡 𝐢𝐧 𝐅𝐢𝐫𝐬𝐭 𝐅𝐢𝐯𝐞 𝐌𝐨𝐧𝐭𝐡𝐬

June 26 -- China’s most economically dynamic region, the Yangtze River Delta region which comprises Shanghai as well as Jiangsu, Zhejiang and Anhui provinces, recorded a historic high in import and export value in the first five months thanks to strong growth in trade linked to the artificial intelligence industrial chain.

Read the full article at:
https://www.yicaiglobal.com/news/chinas-ai-boom-powers-yangtze-river-delta-trade-to-record-high-in-first-five-months

Visit our official website if you would like to learn more about our tax & accounting services: https://phcadvisory.com

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A Company of DP Group

🇨🇳 𝐂𝐡𝐢𝐧𝐚’𝐬 𝐁𝐥𝐮𝐞-𝐂𝐨𝐥𝐥𝐚𝐫 𝐖𝐚𝐠𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐁𝐞𝐚𝐭𝐬 𝐖𝐡𝐢𝐭𝐞-𝐂𝐨𝐥𝐥𝐚𝐫 𝐏𝐚𝐲 𝐟𝐨𝐫 𝐒𝐢𝐱𝐭𝐡 𝐘𝐞𝐚𝐫 𝐚𝐬 𝐅𝐥𝐞𝐱𝐢𝐛𝐥𝐞 𝐖𝐨𝐫𝐤𝐟𝐨𝐫𝐜𝐞 𝐓𝐨𝐩𝐬 𝟑𝟎𝟎 𝐌𝐥𝐧

June 5 -- China's labor market is undergoing some significant structural changes as the income of blue-collar workers such as food delivery riders and maternity caregivers has increased faster than that of white-collar workers for six consecutive years, steadily narrowing the wage gap between the two groups, according to a new industry report.

Read the full article at:
https://www.yicaiglobal.com/news/chinas-blue-collar-wage-growth-beats-white-collar-pay-for-sixth-year-as-flexible-workforce-tops-300-mln

Visit our official website if you would like to learn more about our tax & accounting services: https://phcadvisory.com

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A Company of DP Group

🇮🇳 𝐈𝐧𝐝𝐢𝐚 𝐄𝐱𝐩𝐚𝐧𝐝𝐬 𝐅𝐨𝐫𝐞𝐢𝐠𝐧 𝐏𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐢𝐨𝐧 𝐢𝐧 𝐄𝐪𝐮𝐢𝐭𝐲 𝐚𝐧𝐝 𝐆𝐨𝐯𝐞𝐫𝐧𝐦𝐞𝐧𝐭 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐞𝐬

In a significant step towards deepening India's capital markets and enhancing the country's attractiveness as a global investment destination, the Union Minister for Finance and Corporate Affairs, in the Union Budget for FY 2026–27, announced a series of measures aimed at liberalising foreign portfolio investment norms and facilitating greater participation by overseas investors in both equity and debt markets. Click to read full article.

Also available in:
Italiano: https://www.phcadvisory.com/ita/index/Lists/show/catid/5/id/354.html
中文: https://www.phcadvisory.com/cn/index/Lists/show/catid/5/id/362.html

At PHC Advisory Tax & Accounting, we can offer your business in China full support on relevant tax & accounting matters. Schedule a call with us at [email protected] to get more info!

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A Company of DP Group

India Expands Foreign Participation in Equity and Government Securities Markets-NEWS-PHC ADVISORY PHC is specialized in Accounting, Tax and Financial Services, and provides such to enterprises belonging to different countries and industries. Our Mission is to help our Clients achieve their goals, by supporting them with a team of professionals.

🇨🇳 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐨𝐧 𝐋𝐨𝐧𝐠-𝐭𝐞𝐫𝐦 𝐨𝐫 𝐒𝐡𝐨𝐫𝐭-𝐭𝐞𝐫𝐦 𝐃𝐞𝐛𝐭 𝐢𝐧 𝐭𝐡𝐞 𝐂𝐮𝐫𝐫𝐞𝐧𝐭 𝐄𝐜𝐨𝐧𝐨𝐦𝐲

Entities use various forms of short-term and long-term debt in their capital structures. Common forms of short-term debt include short-term notes payable, commercial paper. Long-term debt may include long-term notes payable, debentures, bonds, and fiancé leases. Click to read full article.

Also available in:
Italiano: https://www.phcadvisory.com/ita/index/Lists/show/catid/5/id/353.html
中文: https://www.phcadvisory.com/cn/index/Lists/show/catid/5/id/361.html

At PHC Advisory Tax & Accounting, we can offer your business in China full support on relevant tax & accounting matters. Schedule a call with us at [email protected] to get more info!

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A Company of DP Group

Analysis on Long-term or Short-term Debt in the Current Economy-NEWS-PHC ADVISORY PHC is specialized in Accounting, Tax and Financial Services, and provides such to enterprises belonging to different countries and industries. Our Mission is to help our Clients achieve their goals, by supporting them with a team of professionals.