Expat taxes + E-learning + Mineral water + Andreas Fulda + Petra Sigmund
Taxes in China are to be equalized between expats and locals in the coming year, as Finn Mayer-Kuckuk reports. What seems like a fair solution turns out to be a major annoyance for expats in Beijing or Shanghai: If rents or language courses are no longer tax-deductible, this would definitely have an impact on the state of their wallets. And that's not all: The changes will also have serious consequences for the respective employers in America and Europe.
E-learning in China is currently experiencing a real boom. In 2020 alone, around €6.5 billion were invested in this industry – more than in the past ten years combined. Frank Sieren shows that this is primarily about more equity between the glittering metropolises and the dusty hinterland. However, the prevailing gold-rush mood should not make people overconfident: Even in this industry, companies are not immune to setbacks.
China is one of the largest beverage markets in the world. According to the China Commercial Industrial Research Institute, this market could be worth a whopping ¥1.3 trillion ($198 billion) by 2024. Ning Wang shows how Genki from Beijing and Nongfu Spring are responding to the desire for modern beverages, especially among young Chinese.