Deloitte Doing Business in China 2020

10 Dec 2020

In the wake of unprecedented events of 2020, Deloitte provides insights on how to navigate opportunities in China.

The Doing Business in China 2020 handbook comes at an important moment for foreign investors. In the wake of a pandemic and rising geo-political tensions, the global trade environment has changed and the world markets are in an unprecedented period of uncertainty. In response, multinationals have to think differently about how and where they do business. As we move towards a post-pandemic world, companies in search of growth or diversification need to adapt.

The most recent version of Deloitte’s Doing Business in China 2020 report offers an in-depth review of the Chinese economy and business environment.

Key takeaways

The Insight Report presented the following observations:

2020 is the final year of the implementation of China’s 13th Five-Year Plan, and the 14th Five-Year Planning period (2021-2025) will be the key transitional period for China to move forward from a moderately prosperous society to realising socialist modernisation

High-level opening up (to encourage foreign investment), improved business environment, regional coordinated development, people’s livelihood, innovation driven development and ecological environment will be the focuses of the 14th FiveYear Plan

China has participated in the international tax reforms and the BEPS Action Plan. The move signifies a shift towards moving China in line with international practices

To help foreign invested enterprise withstand the economic impacts of the COVID-19 outbreak and stabilise foreign trade and investment, Chinese government announced multi-pronged tax and non-tax measures.

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