In this issue of China Briefing, we shed light on the practice of accounting in China. We start out by introducing the reader to the development of the Chinese accounting standards, and their main differences compared to international standards. Next, we explore an important aspect of accounting for foreign investors in China, the use of foreign currency. We conclude this issue with an interview with one of Dezan Shira & Associates’ Senior Managers on some of the key concerns foreign investors might have when it comes to outsourcing accounting and bookkeeping.
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