• Published by, 16th Mar 2013 in category Culture & Society in English

    The Chinese are beginning to discover Switzerland as a ski destination. A group of 40 Chinese skiers is on holiday in the western Swiss village of Villars. It’s the first time that a Chinese group has booked a whole week in the resort in winter. China is said to have several million skiers among its population of 1.3 billion. The Chinese ski association says the country has about 186 possible destinations, but there is very little in the way of a dedicated skiing community in China. So people with a bit of cash to spare are looking further afield for skiing adventures.

  • Published by, 15th Mar 2013 in category Culture & Society in English

    When peasant Yang Zhifa found a piece of old terracotta as he dug a well, he thought he’d stumbled on a disused kiln which could supply him with free jars. How wrong he was: it turned out to be the first warrior of the famous Chinese terracotta army. A selection of the 2,000-year-old Qin warriors, discovered in 1974 in China’s central Shaanxi province, are now on display in Bern’s history museum.

  • Published by, 15th Mar 2013 in category Engineering / Manufacturing in English

    ABB, the leading power and automation technology group, has delivered six Resibloc® dry-type transformers rated at 5,860 kilovolt amperes (kVA) to facilitate the distribution of power to the Daocheng-Yading airport in the Sichuan Province of China. When the airport opens later this year, travelers will land and depart at an elevation of 4,411 meters - 77 meters higher than the current record held by the Bamda airport. The Daocheng-Yading regional airport will make travel easier between western Chinese cities, for example, cutting the bumpy 13-hour bus ride from Chengdu to Daoyang to one hour. With a 4,200-meter runway and four tarmacs, the airport is expecting to handle around 500,000 passengers.

  • Published by, 15th Mar 2013 in category Legal / Tax / Consulting / Services in English

    In China’s 12th-Five Year Development Plan (2011-2015), three coastal areas in Guangdong province including Qianhai in Shenzhen, Hengqin in Zhuhai and Nansha in Guangzhou have been earmarked as the key strategic development areas in the Pearl River Delta of Southern China. In this issue of News Flash, PwC highlights the overview of the two Catalogues and shares their observations and suggestions.

  • Published by, 15th Mar 2013 in category Legal / Tax / Consulting / Services in English

    A boutique culture bridging Sino-Swiss ties has been the backbone of Unitouch Services, specialising in the entry of small- and medium-sized enterprises (SMEs) into Asia and vice-versa building European inroads for Asian capital. Serving as a one-stop shop for international forays, Unitouch has been steadily serving niche Swiss and European SMEs looking to Asia for long-term growth. The company affords global experience, managerial and technical know-how to enterprises as they establish a global footprint.

  • Published by, 14th Mar 2013 in category Business in French

    One of the most important issues facing companies conducting trade with China is the subject of taxes and duties imposed on goods imported into and exported out of the country, such as value-added tax, consumption tax and customs duties. This is a complex subject, and rates and regulations differ of course from product to product, however there are general tax principles to follow, and we outline the most important issues foreign companies should be aware of below.

  • Published by SinOptic, 10th Mar 2013 in category Bilateral Relations in English

    The eighth round of negotiations on the Switzerland-China Free Trade Agreement took place in the week of 25 February 2013 in Beijing, China. The Chinese delegation was led by Mr. YAO Wenliang, Commercial Counselor, Department of International Trade and Economic Affairs, Ministry of Commerce. Head of the Swiss delegation was Ambassador Christian Etter, Delegate of the Swiss Government for Trade Agreements, State Secretariat for Economic Affairs, Federal Department of Economic Affairs, Education and Research.

  • Published by, 10th Mar 2013 in category Legal / Tax / Consulting / Services in English

    OSEC, the export, import and location promotion agency of Switzerland, supports Swiss companies in their internationalization, particularly in the inquiry and management of export opportunities abroad, and promotes Switzerland as a business location abroad. The status of Official OSEC Expert (OEE) is awarded to selected experts after an examination by OSEC. Wenfei Law, a Swiss law firm with offices in Beijing, Shanghai and Zurich, received this accreditation and is looking forward to continuing working together with OSEC.

  • Published by, 10th Mar 2013 in category Legal / Tax / Consulting / Services in English

    China’s VAT system is one of the most complex in the world. Although companies generally assume that VAT in China is “neutral”, in reality they are often net payers of VAT and can incur significant amount of VAT related costs. Our China VAT survey looks at the country’s VAT regime and how to effectively manage VAT risks and opportunities.

  • Published by China Daily, 09th Mar 2013 in category Business in English

    Forget the busloads of Chinese budget package tourists who rush to European landmarks just for a snapshot, as a new wave of Chinese are seeking niche travel products on the continent and may even buy a neat house in your neighborhood. As first-time visitors to Europe, most of whom come in package tours, still tend to buy famous stuff like Swiss watches and French perfume, the majority of spending power is moving to the free independent tourists who come to get away from it all and are more interested in more personal products like art and health products.