by Roberto Gilardino, Regional Managing Partner, APAC As we enter the last days of 2022, China lifted COVID-19 restrictions and downgraded the virus – overnight on 26 December, 2022. What’s Shaping Business Strategies in 2023. The changes leave businesses to grapple with the sudden shift, long-term impacts, and return to pre-pandemic times. Forecasting China’s economic…
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On 29 May 2022, the Shanghai Municipal government announced several measures to stablisie the local economy. Namely, the measures support small and micro companies and severely affected sectors including catering, retail, tourism and so forth. Below we summarise the announced measures for businesses in Shanghai. Deferring social insurance payment for companies in catering, retail, tourism…
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On Saturday, 16 April 2022, the Shanghai Commission of Economy and Informatization issued a guideline (‘Guideline’) for industrial enterprises to start the orderly resumption of work and production with controlled risks to prevent COVID-19 outbreaks. Overall, enterprises that are required to return to work shall implement robust controls to prevent the spread of COVID-19 and…
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