China sees businesses and workers return to work as epidemic situation improves; Beijing announces quarantine for inbound travelers as worry over imported cases grows; and AmCham China reports pessimism among members over worsening bilateral relations
China has been issuing legislation to help companies cope with the coronavirus impact in the areas of FDI, dispute resolution, IP, social insurance and tax
In view of coronavirus outbreak, government support is offered to foreign investment projects and port charge rates are reduced. People's Bank of China issues first specifications on distributed ledger technology.
Banks and insurance companies are allowed to engage in sovereign bond futures trading
Employers are given relief from social insurance during the coronavirus period
As China looks to kickstart its economy following weeks of severe disruption, employers must balance obligations to minimize virus transmission risk and at the same time returning to normal operation as quickly as possible. What exactly must employers do before resuming operations? How can they reduce costs? Are layoffs allowed? Jonathan Isaacs, head of Baker McKenzie's China employment practice, answers your burning questions.
China promotes arbitration, mediation for virus-related business disputes; business resumption requirements clarified by State Council notice; and government offers subsidies to airlines struggling amid epidemic
Tax reliefs are offered to cope with the coronavirus
Employers' portion of medical insurance contributions is reduced during the coronavirus period
Coronavirus troubled small businesses may have their loan payments postponed, non-litigation dispute resolution is encouraged in labor disputes, and banks and insurance companies are allowed to engage in sovereign bond futures trading.
