 China’s publication on the Standards for Classification of Small and Medium-sized Enterprises (SMEs) were jointly promulgated by the Ministry of Industry and Information Technology, the National Bureau of Statistics, the National Development and Reform Commission, and the Ministry of Commerce on June 18, 2011.
The Standards divide small and medium-sized enterprises (SMEs) into three categories: medium, small, and mini. The classification was established based on the factors of employee size, revenue, and assets amount with the combination of 16 industry sectors.
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 When we were planning for this book, we set to use the term “Chinese company” to denote a company located in China. It was a logical choice because “Chinese” is an adjective of “China”.
Then one of the draft reviewers pointed out that a “Chinese company” also means a company owned by a Chinese individual, but the Chinese does not necessarily to be located in China.  After considerable amount of effort, Happy Customers Faster Cash China edition has been published. This book is invaluable for people practicing credit management and collection in China. Statistics of the payment behavior of Chinese companies are provided by Atradius, Huaxia Dun & Bradstreet, and RMS to help you get the real picture in China.
On May 9, 2017, the China Supreme People's Court and the Supreme People's Procuratorate jointly issued the "Interpretation on Issues Concerning the Application of Law in the Criminal Cases of Infringing Citizens' Personal Data" to further clarify the definition of personal data, clarified the conviction and sentencing standard, clarified the standard of conviction and sentencing for the illegal purchase and legitimate operations involving personal data, and clarified the calculation rules of the quantification of personal data involved. Click to read the official announcement: http://www.spp.gov.cn/xwfbh/wsfbt/201705/t20170509_190088.shtml  |
AuthorAlexander has over 25 years of experience in Business Information Management and Information Technology. Previously, he has held leadership positions in the world’s leading Business Information providers, including Managing Director of Thomson Reuters Asia, and General Manager of Dun & Bradstreet (D&B), Hong Kong and Taiwan. In addition, he personally managed Hong Kong's Commercial Credit Bureau while working with D&B, and the Consumer Credit Bureau through his directorship at TransUnion Limited. Archives
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