Scams aimed at expats in Shanghai/China
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China real estate
sell your real property in China before it is too late
0vA piece of news run on Ifeng.com caught my attention but with no surprise.
According to the news, a dozen of American individual real estate investors are selling their hotel units bought six years ago. It made news because of its sensitivity in a time people are waiting to see where the Chinese property market is heading, or put it clearly how much the prices can…
property prices facing downward pressure in first-tiered cities
0China property market is really facing a turning point now after so many years of government curbs round after round. Seeing that central government shows no sign of relenting restrictive policies, both real estate developpers and investors have been undergoing a painful psych change over the past of this year.
Not long before, there run an article on web…
Heavy maze over house prices
0News in the media has been divided in guesstimating where the house prices are going. Very often, good news and bad news appear on the same webpage, leaving readers in sway.
Confusion is thick especially in the residential property markets with transaction volume being reported to go down sharply in May which used to be a “red month†meaning golden time for…
Deed tax exemption clarified
0The China State Administration of Taxation issued on May 26, 2008 the Circular on Deed Policy relating to Assignment of Assets to Wholly Owned Subsidiary from Parent Company, clarifying a situation where deed tax is exempted.
The circular is to the effect that, where a company increases the registered capital of its wholly owned subsidiary through contributing…
SDRC new circular aiming to rein in fake investment
0On July 8, 2008 the State Development and Reform Commission issued a circular, namely, Circular on Further Strengthening and Regulating Foreign Invested Project Management (“Circularâ€), in a bid to rein in the flood of speculative hot money into China by means of fake joint venture, submission of false total investment amount or setting up shell companies…
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