China
Chinese firm helps websites push pro-Beijing content: research
A Chinese company in the southern city of Shenzhen has assisted at least 123 websites operating in China but posing as local media outlets in 30 countries across Europe, Asia and Latin America to disseminate disinformation, according to a recent study.
The research lab at the University of Toronto found that Shenzhen Haimaiyunxiang Media Co. (Haimai), a public relations firm, was behind the push to promote pro-Beijing business and political “propaganda,” and vilifying reports of former United States House Speaker Nancy Pelosi and Taiwanese President Tsai Ing-wen meeting when U.S.-China and cross-strait relations were in a highly-sensitive state.
The researchers used the Domain Name System to track down these websites in a campaign named Paperwall, and to dig up the information on Haimai, which has a commercial registration in Shenzhen.
While the report is absolutely credible, it is only part of the truth based on his personal experience, Victor Ho, the former editor-in-chief of the British Columbia version of Sing Tao Daily, told Radio Free Asia.
Beijing has a long history of fighting public opinion wars overseas. There are many seemingly neutral Chinese-language media in Canada that promote Beijing’s “big foreign propaganda,” but it is difficult for ordinary people to discern, he pointed out.
Ho said Canada has numerous so-called pro-Chinese Communist Party media, or media that seem to have no relationship with the CCP, such as Ming Pao, Sing Tao Daily, Today Commercial News, Chinese Canadian Times, Dawa News, Health Times and New Star Times.
“These are all localized names in Canada. There are 20 to 30 CCP’s foreign propaganda media outlets in Canada, shaping the impressions of the Chinese community and many overseas Chinese, or Chinese Canadians, of the CCP,” said Ho.
“If you are new here and undiscerning, you could be watching the CCP’s ‘big foreign propaganda’ all the time, but thinking you are watching Canadian Chinese media. This is quite scary and shocking.”
The Paperwall report found that approximately 100 domains backlinked to Times Newswire, a “supposed newswire service.”
The discovered “fake news” network is huge, 32 of which are targeting readers in South Korea and Japan, 11 are British media, and the rest cover about 30 countries around the world.
Most of the “fake news” comes from Times Newswire, which RFA noticed dispatches press releases and news reports written in multiple languages, such as Korean, Japanese and French, covering politics, economy, culture, current affairs, and sports.
For instance, Roma Journal, which targets Italians and is not legally registered as a news outlet in Italy, often publishes information about U.S. President Joe Biden’s foreign visits. It also republished a large volume of news from Chinese mouthpiece CGTN before and after Pelosi’s visit to Taiwan in August 2022, with headlined articles like “Pelosi is short-sighted and selfish, endangering Sino-U.S. relations.” In addition, there was a video that vilified Tsai Ing-wen titled “Undercovering the Tsai scam,” and an unverified article that Taiwanese military officers only visited the U.S. to eat and have fun.
Another media, Conan Finance News, targeting British audiences, reprinted articles about Hong Kong, including those promoting the “one country, two systems.”
Researcher and author of the report Alberto Fittarelli wrote: “While the campaign’s websites enjoyed negligible exposure to date, there is a heightened risk of inadvertent amplification by the local media and target audiences, as a result of the quick multiplication of these websites and their adaptiveness to local languages and content.”
Haimai did not respond to inquiries and a listed phone number was unreachable, according to a Reuters report. The Chinese Embassy in Washington told the news agency in an email that calling pro-China content and reports “false information” and anti-China content and reports “true information” was “typical prejudice and double standards.”
Translated by RFA staff. Edited by Taejun Kang and Mike Firn.
Read the rest of this article here >>> Chinese firm helps websites push pro-Beijing content: research
China
China Implements New Policies to Boost Foreign Investment in Science and Technology Companies
China’s Ministry of Commerce announced new policy measures on April 19, 2023, to encourage foreign investment in the technology sector. The measures include facilitating bond issuance, improving the investment environment, and simplifying procedures for foreign institutions to access the Chinese market.
On April 19, 2023, China’s Ministry of Commerce (MOFCOM) along with nine other departments announced a new set of policy measures (hereinafter, “new measures”) aimed at encouraging foreign investment in its technology sector.
Among the new measures, China intends to facilitate the issuance of RMB bonds by eligible overseas institutions and encourage both domestic and foreign-invested tech companies to raise funds through bond issuance.
In this article, we offer an overview of the new measures and their broader significance in fostering international investment and driving innovation-driven growth, underscoring China’s efforts to instill confidence among foreign investors.
The new measures contain a total of sixteen points aimed at facilitating foreign investment in China’s technology sector and improving the overall investment environment.
Divided into four main chapters, the new measures address key aspects including:
Firstly, China aims to expedite the approval process for QFII and RQFII, ensuring efficient access to the Chinese market. Moreover, the government promises to simplify procedures, facilitating operational activities and fund management for foreign institutions.
This article is republished from China Briefing. Read the rest of the original article.
China Briefing is written and produced by Dezan Shira & Associates. The practice assists foreign investors into China and has done since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. Please contact the firm for assistance in China at china@dezshira.com.
China
Q1 2024 Brief on Transfer Pricing in Asia
Indonesia’s Ministry of Finance released Regulation No. 172 of 2023 on transfer pricing, consolidating various guidelines. The Directorate General of Taxes focuses on compliance, expanded arm’s length principle, and substance checks. Singapore’s Budget 2024 addresses economic challenges, operational costs, and sustainability, implementing global tax reforms like the Income Inclusion Rule and Domestic Top-up Tax.
Indonesia’s Ministry of Finance (MoF) has released Regulation No. 172 of 2023 (“PMK-172”), which prevails as a unified transfer pricing guideline. PMK-172 consolidates various transfer pricing matters that were previously covered under separate regulations, including the application of the arm’s length principle, transfer pricing documentation requirements, transfer pricing adjustments, Mutual Agreement Procedure (“MAP”), and Advance Pricing Agreements (“APA”).
The Indonesian Directorate General of Taxes (DGT) has continued to focus on compliance with the ex-ante principle, the expanded scope of transactions subject to the arm’s length principle, and the reinforcement of substance checks as part of the preliminary stage, indicating the DGT’s expectation of meticulous and well-supported transfer pricing analyses conducted by taxpayers.
In conclusion, PMK-172 reflects the Indonesian government’s commitment to addressing some of the most controversial transfer pricing issues and promoting clarity and certainty. While it brings new opportunities, it also presents challenges. Taxpayers are strongly advised to evaluate the implications of these new guidelines on their businesses in Indonesia to navigate this transformative regulatory landscape successfully.
In a significant move to bolster economic resilience and sustainability, Singapore’s Deputy Prime Minister and Minister for Finance, Mr. Lawrence Wong, unveiled the ambitious Singapore Budget 2024 on February 16, 2024. Amidst global economic fluctuations and a pressing climate crisis, the Budget strategically addresses the dual challenges of rising operational costs and the imperative for sustainable development, marking a pivotal step towards fortifying Singapore’s position as a competitive and green economy.
In anticipation of global tax reforms, Singapore’s proactive steps to implement the Income Inclusion Rule (IIR) and Domestic Top-up Tax (DTT) under the BEPS 2.0 framework demonstrate a forward-looking approach to ensure tax compliance and fairness. These measures reaffirm Singapore’s commitment to international tax standards while safeguarding its economic interests.
Transfer pricing highlights from the Singapore Budget 2024 include:
This article is republished from China Briefing. Read the rest of the original article.
China Briefing is written and produced by Dezan Shira & Associates. The practice assists foreign investors into China and has done since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. Please contact the firm for assistance in China at china@dezshira.com.
China
New Report from Dezan Shira & Associates: China Takes the Lead in Emerging Asia Manufacturing Index 2024
China has been the world’s largest manufacturer for 14 years, producing one-third of global manufacturing output. In the Emerging Asia Manufacturing Index 2024, China ranks highest among eight emerging countries in the region. Challenges for these countries include global demand disparities affecting industrial output and export orders.
Known as the “World’s Factory”, China has held the title of the world’s largest manufacturer for 14 consecutive years, starting from 2010. Its factories churn out approximately one-third of the global manufacturing output, a testament to its industrial might and capacity.
China’s dominant role as the world’s sole manufacturing power is reaffirmed in Dezan Shira & Associates’ Emerging Asia Manufacturing Index 2024 report (“EAMI 2024”), in which China secures the top spot among eight emerging countries in the Asia-Pacific region. The other seven economies are India, Indonesia, Malaysia, the Philippines, Thailand, Vietnam, and Bangladesh.
The EAMI 2024 aims to assess the potential of these eight economies, navigate the risks, and pinpoint specific factors affecting the manufacturing landscape.
In this article, we delve into the key findings of the EAMI 2024 report and navigate China’s advantages and disadvantages in the manufacturing sector, placing them within the Asia-Pacific comparative context.
Emerging Asia countries face various challenges, especially in the current phase of increased volatility, uncertainty, complexity, and ambiguity (VUCA). One notable challenge is the impact of global demand disparities on the manufacturing sector, affecting industrial output and export orders.
This article is republished from China Briefing. Read the rest of the original article.
China Briefing is written and produced by Dezan Shira & Associates. The practice assists foreign investors into China and has done since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen, and Hong Kong. Please contact the firm for assistance in China at china@dezshira.com.
- China Implements New Policies to Boost Foreign Investment in Science and Technology Companies
- Q1 2024 Brief on Transfer Pricing in Asia
- New Report from Dezan Shira & Associates: China Takes the Lead in Emerging Asia Manufacturing Index 2024
- Is journalist Vicky Xu preparing to return to China?
- Guide for Foreign Residents: Obtaining a Certificate of No Criminal Record in China
- China Unveils Plan to Upgrade Industrial Equipment
