David Nealis President Ceres Ltd. |
China Implements
Stricter Immigration Law
Foreigners who are
caught residing or working illegally in mainland China will be detained between
five and 15 days and could face fines and deportation, as stipulated by a new
immigration law. The new regulation, which takes effect today, provides harsher
punishments for foreigners who illegally enter, live, or work in China.
Employers would also be fined up to RMB100, 000 (US$ 16,310). The Ministry of
Public Security said that last year some 47,100 foreigners were caught
violating the old immigration law, according to Chinese state runs media.
I understand that
the job market here is contracting rapidly, but I think putting pressure on the
foreigners here who work on the fringes, teaching English and other various
jobs while they spend a year or 2 in China will not greatly improve the Chinese
job market and China will lose the soft skills that these people bring to the
market here.
China, the world’s 2nd largest
economy, continues to be the most important market for companies looking
for growth and Chinese companies continue to globalize by investing and selling
their products in new markets; what is your company’s strategy for
engaging China?
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Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
Trading futures and options involves the risk of loss. You should consider carefully whether futures or options are appropriate to your financial situation. You must review the customer account agreement and risk disclosure prior to establishing an account. Only risk capital should be used when trading futures or options. Investors could lose more than their initial investment. Past results are not necessarily indicative of futures results. The risk of loss in trading futures or options can be substantial, carefully consider the inherent risks of such an investment in light of your financial condition.
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