|Local Time (LIVE):||4:55 PM|
|Local Currency:||$1 = ¥7.05|
|Business Language(s):||Mandarin & Cantonese (main languages)|
|Tax Year Dates:||1st January – 31st December|
As the fastest growing emerging market, China offers vast prospects to businesses looking to expand overseas. With an entrepreneurial economy, China is a great place to do business thanks to its low costs and population of 1.3 billion people.
China is well recognized as the manufacturing base of the world. Today, international businesses are welcomed with open arms in major sectors including energy, technology, healthcare and finance.
Despite the endless opportunities international expansion brings, we understand it isn’t always easy – especially with language barriers getting in the way. Fortunately, FMP Global can help make your transition overseas easier. We’re experts in Chinese payroll and HR and can help you maintain compliance with Chinese regulations and timelines.