Hiring Employees in China: 3 Options for Global Employers
Velocity Global
NOVEMBER 29, 2022
China has the world’s largest economy. Its annual GDP growth rate has averaged 9% over the past 60 years and reached an all-time high of 18.3% in 2021. Such incredible economic growth offers multiple benefits for business expansion into the Chinese market. However, hiring employees in China poses many challenges for foreign companies. China has its own complex array of labor laws, and failing to comply with these laws can result in fees, back pay, or even the loss of your business license.
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