Slower economic growth, more intense competition, growing overcapacity, a shift to services, new government priorities, and never-ending anti-corruption drives are just some of the challenges facing business leaders in China today. Gordon Orr, Director Emeritus and Senior Advisor of McKinsey and a renowned expert on contemporary economics of China responsible for establishing McKinsey’s China practice […]Read more "Mar 2016 COVER STORY: The Paradox of China – Sluggish Growth & Economic Proliferation"
It is around this time of each year when all Americans with any source of income have one particular item their mind: filing their US tax returns and making payment in taxes to the US Internal Revenue Service by the deadline of April 15. It is also a stark reminder to “US persons” – American […]Read more "Mar 2016 EDITORIAL: April 15 – A Stark Reminder of a Regressive Income Tax Policy (For Expats)"
The deadline of April 15 for filing US tax returns is approaching quickly. Although US persons – citizens and permanent residents of the United States – living abroad are allowed an automatic two-month extension of time to file their tax forms, they remain liable for payment of interest incurred on any tax not paid by […]Read more "TAXATION – A Basic Guide To Filing Your US Tax Returns"
The Linked Exchange Rate System (LERS) – introduced in 1983 to maintain “a stable exchange value of the currency of Hong Kong” through an official peg to the US dollar – has come under public scrutiny as the Hong Kong dollar weakened to a four-year low against the US dollar in what became the biggest […]Read more "FINANCE & ECONOMICS – In Defense of Hong Kong’s Currency"
The government’s proposed measures announced by Financial Secretary John C Tsang in his ninth annual Budget speech are essential steps intended to help Hong Kong maintain economic development and fiscal health, support local enterprises, cope with market volatility and safeguard employment. However, many are questioning whether the latest Budget is doing enough, given the current […]Read more "FISCAL POLICY – 2016/17 Hong Kong Budget: Business As Usual"
Hong Kong’s Financial Secretary John C Tsang has recently delivered his ninth annual Budget on government spending for the coming year – in a fashion considered nearly identical to those of the previous eight years. With the continuation of a government fiscal policy deemed conservative, there are few surprises despite a range of short-term, one-off […]Read more "FISCAL POLICY – Expenditures Amid A Pessimistic Outlook"
Earlier this year, a 30-member AmCham delegation made an exploratory trip to Zhuhai – one of the three key areas in the Guangdong Pilot Free Trade Zone – to meet with Chinese officials and business leaders and to learn more about business opportunities in a region well-positioned to become an economic powerhouse By Leon Lee […]Read more "CHINA BUSINESS – Closer Economic Partnership in PRD"