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BEIJING, July 18 (Xinhua) -- The Ministry of Public Security has promised a series of favorable policies for skilled foreign workers in the pilot free trade zone in south China's Guangdong Province.
Among the 16 measures are simplified permanent residence application procedures and fast-track approvals for skilled foreign workers in the zone, support for foreign students' start-ups, accelerated visas and residency application channels for overseas Chinese and lower thresholds for investors in the zone to apply for permanent residency, according to a ministry statement released on Monday.
"These new exit-entry policies and measures are based on the free trade zone's urgent demand for high-caliber foreign talent, overseas Chinese returning to start businesses, young foreign students and investors to realize innovation-driven development of the zone," the ministry said.
Other measures include allowing foreigners who meet salary and taxation standards to apply for permanent residency, a fast track from work permits to permanent residency for high-caliber talent, and visa exemptions for personnel from certain countries within specified times at Guangdong customs.
The measures will take effect on Aug. 1, the ministry said.
BEIJING http://www.hockeygoldenknightsshop.com/authentic-deryk-engelland-golden-knights-jersey/ , May 9 (Xinhua) -- Local governments have issued less debt this year following measures to ease the country's mounting debt burden, data showed Tuesday.
In the first four months of 2017, local governments raised 799.4 billion yuan (116 billion U.S. dollars) through 178 instances of debt issuance, down from the 2.02 trillion yuan raised in 296 issuances a year ago http://www.hockeygoldenknightsshop.com/authentic-david-perron-golden-knights-jersey/ , according to data compiled by Wind, a financial information provider.
China's authorities have stepped up efforts to rein in financial risks, promising to correct irregular fundraising behavior by local governments.
In a statement released last week, the Ministry of Finance (MOF) asked provincial authorities to examine their financing practices and rectify all irregularities by the end of July. Progress will be tracked by MOF supervisors.
The measures taken to standardize the financing channels of local governments will help to expose hidden debt http://www.hockeygoldenknightsshop.com/authentic-colin-miller-golden-knights-jersey/ , and a clear boundary between local governments and their financing vehicles will improve China's bond yield curve, making it more market-oriented, said Zheng Lianghai, an analyst with Dongxing Securities.
With continued government action against high leverage http://www.hockeygoldenknightsshop.com/authentic-cody-eakin-golden-knights-jersey/ , the growth of local debt issuance will likely slow further, analysts predicted.
Decorations set to greet upcoming Belt and Road Forum in Beijing
Victory in Europe Day commemorated in Berlin
Outgoing French President Hollande meets Merkel in Berlin
British PM attends election campaign at Int'l Aviation Academy in Norwich
Chinese submersible explores turbidity current in South China Sea
Straw art gala held in E China's Shandong
Xinjiang Int'l Grand Bazaar held in Urumqi, NW China
8th China Peking Opera art festival to be held in Nanjing
Investing overseas can help a firm protect its domestic market in three different ways. The first is to establish foreign operations in countries where the firm has major clients (Ball et al., 61 http://www.hockeygoldenknightsshop.com/authentic-clayton-stoner-golden-knights-jersey/ , 2006). For example, if a U.S. firm has many customers in France, establishing subsidiaries in France to service those customers will prevent competition by similar firms in France from acquiring those customers.
This strengthens the U.S. firm because they now have the opportunity to prove that they can service customers in France as well. This strategy is not very risky because the domestic firm already has customers in the foreign country. Rather than attacking the foreign market, the domestic firm is just defending itself from foreign competitors.
The second way a firm can protect its domestic market by investing overseas is to attack the foreign market in the hopes that the foreign firm will be so focused on defending its local market that it will lessen its efforts to gain customers in the domestic firm's market (Dell et al. http://www.hockeygoldenknightsshop.com/authentic-brendan-leipsic-golden-knights-jersey/ , 61, 2006).
For example, if Domestic Firm A sells a similar product or service as Foreign Firm B, DFA can begin operations in FFB's country in the hopes of taking away some of FFB's customers http://www.hockeygoldenknightsshop.com/authentic-brayden-mcnabb-golden-knights-jersey/ , and causing FFB to focus on keeping its own share of its domestic market. While FFB is being attacked in its own country, DFA can work on gaining more of its own domestic market away from FFB.
This technique is really one of deceptive distraction and is much riskier than the previous example because in this scenario the domestic firm must spend some resources "distracting" the foreign firm, and some resources on gaining a larger portion of its domestic market. Both of these tactics must be done at once if the plan is to succeed.
The final reason that investing overseas can strengthen a firm's domestic market has to do with costs of production. If a foreign firm can produce the same product at a lower cost than a domestic firm, and sell that product at a lower price (by exporting it) in the domestic country http://www.hockeygoldenknightsshop.com/authentic-brandon-pirri-golden-knights-jersey/ , then the domestic firm is at a disadvantage.
One way to become more competitive is to outsource part or all of a firm's production to the "cheaper" foreign country and continue to resell the product in the domestic firm's country (Ball et al., 61, 2006). Outsourcing allows the domestic firm to utilize the lower production costs in the foreign country while remaining competitive in its domestic market. This strategy is also not very risky because it is lowering the firm's costs while defending its domestic market against foreign competition. Rather than spending more of its resources, the aim of this technique is to reduce costs and gain resources.
Although considered controversial http://www.hockeygoldenknightsshop.com/authentic-brad-hunt-golden-knights-jersey/ , outsourcing continues. Wholesale Jerseys From China Wholesale Cheap Jerseys Jerseys Free Shipping NHL Jerseys Wholesale MLB Jerseys Wholesale Adidas NHL Jerseys Wholsale Nike NFL Jerseys China Nike NFL Jerseys China College Jerseys Wholesale Custom Jerseys China |
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