Articles

How not to miss the deadline? The statute of limitations in China

The statute of limitations on claims is a classic institution of civil law that applies universally among various legal systems. With this in mind, Chinese legal system is no exception. It is easy to succumb to the misconception that a well-known institution translates one-to-one in China. However, are we sure it does? Read more

How to verify a business entity in China?

We advise on how to verify a Chinese company before entering into cooperation with it. There are scammers in China, just like there are scammers in Poland, Czechia, Slovakia, and Hungary. It has always been this way and will probably always be. The entrepreneurs finds themselves in a decidedly uncomfortable moment when they have to make significant transactions in a place where they feel unsure. To some extent, it should be expected that this moment is the best time for potential fraud. How not to be deceived in this case? All it takes is a bit of common sense and knowledge about how some institutions operate in the People's Republic of China. Read more

What are the Chinese investing in? – the nature of Chinese investments in Central Europe

Over the past few decades, China has transformed from a developing country into an economic powerhouse that is actively engaged in investing abroad. Although we often hear about China's numerous investments and domination in Africa, the Middle Kingdom also remains an active investor on the European market. Read more

AVERAGE SALARIES IN CHINA

Since January 2024, the minimum wage in Czechia, Slovakia Poland has once again increased. In Central and Eastern Europe, the minimum wage is set at the central level and remains the same throughout the country. In China, it is regulated at the provincial level and varies depending on the region, and even the city. This year in Shanghai, the highest monthly minimum wage was increased to 2,690 RMB (approximately 347.10 EUR), while the highest hourly rate of 26.4 RMB (approximately 3.41 EUR) applies in Beijing. Therefore, despite the economic development of the People's Republic of China, labor costs in China, from the perspective of the minimum wage, still remain low. Read more