By Shawn Greene
Nov. 26 – More than 30 years after Deng Xiaoping first introduced China’s famous “one-child” policy, President Xi Jinping’s government appears set to finally relax the country’s approach to family planning. Announcing this month that many urban couples will soon be permitted to have two children under broader exemptions to the “one-child” rule, the government’s policy shift comes amidst concerns that the country’s low fertility rate and rapidly ageing population may threaten its long-term social and economic stability. Continue reading
Nov. 21 – The new issue of Asia Briefing Magazine, titled The 2014 Asia Tax Comparator, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the months of November and December.
The opportunities to sell to the Asian consumer have never been more pronounced than they are today, and those opportunities will continue to expand and develop over the next three decades. Key to understanding and accessing this massive, dynamic new consumer market is the ability to understand the underlying tax treatments. To that end, we are pleased to present our third annual “Asia Tax Comparator” as Asia Briefing Magazine’s final issue of 2013. Continue reading
There are many ideas about how Asia can be re-imagined as a whole even though it is still coming to terms with colonial era map-making and the intellectual domination of the West. Can India, situated at the heart of Asia, promote connectivities and draw the Asian economies together?
By Ambassador Neelam Deo
Nov. 21 – The growth of many Asian economies in a continent that occupies 30% of the world’s landmass, has 60% of its people, mostly young, and already produces some 25% of global output, has been so rapid in the last 20 years that it has already been vested with the collective image of the “other” in the western gaze.
There are today many ideas floating around about how an economically vibrant Asia can follow the European model, be dominated by China, or continue to grow under the leadership of the U.S. “None of the above” may, however, be the best option as we try to imagine an Asia unencumbered by colonially-devised boundaries, geographical and intellectual. Continue reading
Nov. 19 – The International Monetary Fund (IMF) has concluded its annual Article IV Consultations with Singapore, Thailand, and the Republic of Korea. Conducted annually, Article IV Consultations attempt to assess each country’s economic health and forestall future financial problems.
The results of the three Consultations were inevitably mixed.
In its report on Singapore, the IMF called upon the country to narrow its current account surplus and embraced government plans to increase public spending on infrastructure and social services. It additionally characterized the country’s financial sector as well-regulated and highly developed. Its report on South Korea was similarly supportive and stated that “many of the [economic] reforms needed…are already in train or planned.” Continue reading
May 10 – The new issue of Asia Briefing Magazine, titled An Introduction to Development Zones Across Asia, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the months of May and June.
The use of development zones in their different guises has been an effective model essentially brought to prominence by China over the past 25 years to help both foreign investors and domestic companies meet in a relationship that provides tax advantages to both. Development zones typically permit the foreign investor to bring component parts into a country for assembly without having to pay import duties. Investors may then add in locally-sourced components, assemble the final product, and warehouse it all duty free before then having the option of exporting the finished product (collecting some VAT rebates on the locally sourced portion) or entering the domestic market with a product assembled at local labor costs. Continue reading
Apr. 29 – In several recent statements both to the press, international investors, and the Indian parliament, India’s President, Prime Minister, and Finance Minister have stated that they are confident in returning to seven or eight percent annual growth as early as 2015. They have also stressed that foreign direct investment (FDI) is critical in this regard, signaling further facilitation in the times to come.
“We are confident that we will return to 7-8 percent growth bracket in the next two to three years,” said President Pranab Mukherjee on Tuesday, speaking to the IFTDO’s World Conference and Exhibition in New Delhi. “We need to revitalize investment in the country for this purpose. We welcome foreign investment which has a critical role in bringing in modern technology and globalizing our economy.”
Prime Minister Manmohan Singh recently expressed similar sentiments to the Indian Parliament. Continue reading
Mar. 6 – The second issue of our new issue Asia Briefing Magazine, titled Expanding Your China Business to India and Vietnam, is out now and will be temporarily available as a complimentary PDF download on the Asia Briefing Bookstore throughout the months of March and April.
As operational costs in China continue to rise, an increasing number of companies are looking at either relocating or moving part of their China-based facilities to lower cost markets elsewhere in emerging Asia. This makes sense since China itself is trying to move away from an export-driven economy and into a consumption-driven growth model.
Meanwhile, countries such as Vietnam are actively courting these export businesses through tax incentives and preferential policies similar to those that helped China get to where it is today. India, too, with its abundant, young and inexpensive workforce, coupled with a massive consumer market, is looking strikingly similar to China 20 years back. Continue reading
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