Category Archive For "News"
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A Shrinking Workforce Prompts China to Raise its Retirement Age
Amidst the shrinking workforce, China will be raising its retirement age for the first time in decades. Men’s retirement age will be 63, women’s retirement age will be 55, and the retirement age for white-collar positions will be 58. The updated retirement age will take effect at the start of 2025. This Pacific Prime article …
What Foreign Residents Need to Know About China’s Mortgage Rate Cut
China’s central bank announced a mortgage rate cut for homebuyers on 29 September 2024. Following this announcement, Chinese banks are expected to lower mortgage rates for existing home loans by October 31. The cut came in an effort to boost the sluggish sales in the Chinese property market. Foreigners who have studied or worked in …
Shanghai First to Offer RSV Vaccine for Newborns in China
Roughly a month ago, on the 11th of July, China’s National Medical Products Administration gave regulatory clearance for CSPC Pharmaceutical Group’s respiratory syncytial virus (RSV) vaccine (SYS6016) to conduct clinical trials in China. Do you know the significance of this vaccine for the newborns in China? Wonder how you can avoid paying vaccination expenses out-of-pocket? …
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What You Need to Know About China’s New Company Law
China’s new Company Law which was passed by the Standing Committee of the National People’s Congress (NPCSC) of China on 29 December 2023 will take effect on 1 July 2024. The new “Company Law” features a total of 15 chapters and 266 articles. In this Pacific Prime article, we will cover the some of the …
China-Thailand Sign A Mutual Visa-Waiver Agreement
On the 28th of January 2024, China and Thailand inked a mutual visa-waiver agreement in Bangkok, Thailand. China’s Foreign Minister Mr. Wang Yi met with Thailand’s Foreign Minister Mr. Parnpree Bahiddha-Nukara and came to a consensus after rigorous and continuous communication and negotiation. In this Pacific Prime article, we will explore the China-Thailand visa waiver …