SCS Newsletter No.7 - 21st Aug. 2009

Due to the recent financial crisis, China has made more efforts to develop its internal markets instead of the expansion worldwide, which is interpreted by the construction of infrastructure ongoing almost everywhere in the country, and all kinds of measures taken to stimulate consumption. Thanks to the great demand in local market and the constructions financed by government, China just reported the exciting GDP records as respectively 6.1%, 7.1% for the first two quarters (according to National Bureau of Statistics of China).

SCS provides a variety of office spaces starting from open desks to small, middle and large independent office rooms. The usual rental fees include:

• Office furniture (desks, chairs, cabinet, etc.)
• Utility fees (i.e. electricity, air conditioning, toilets, drinking water supply)
• Office cleaning service
• Independent phone line (excl. communication fees)
• Free broadband internet connection access
• Office decoration
• Access to business machines
• Free access to shared public conference rooms

Meanwhile, client can also use SCS employee hosting service, which is the best solution to start and test the market without the investment of registering a legal entity in the first place. The SCS provides a recognized address and actual office space for a first staff and initial activities. In this way clients may begin with market understanding, channel development, after sales services or supplier selection, purchasing and quality control.

SCS and its experts take responsibility for the following:

• Payment of the employee's salary and social welfare payment
• Managing the employee's petty cash, expenses reimbursement according to agreed budgets
• Coaching on administrative issues
• Bridging gap with staff due to cultural or other misunderstandings and maintain confidence between HQs and employees
• Laying-off of employees upon notice and negotiation of laying-off costs
• Monthly accounting of costs