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Research shows Islam is the fastest growing religion in the world. We need to become more aware of Ramadan as well as the other practices and tenets of this religion. Here are some things you may don’t know about Islam.

  

1

Positive Outlook on Life

Islam gives a person a clear perspective on the events that happen in their life, both good and bad, as they are, in fact, tests from God. It encourages a person to understand events in the context of the overall purpose of life, which is to acknowledge God and obey Him.

 

He created humans with intellect and free will to test them as to who will choose to follow His guidance. This life is an ultimate testing ground and although we cannot control everything that happens to us, we can control how we react.

Islam encourages a person to focus on what is in their control, to be grateful to God for blessings, and to be patient during hardships. Patience or gratitude-this is the formula for a happy life.

2

Pure and Clear Concept of God

In fact, Islam is not named after its founder or the community of its birth. Islam is an attributive title that signifies obedience to God, the Creator of the Universe.

 

One of its main beauties is that it acknowledges the complete perfection, greatness, and uniqueness of God with absolutely no compromises. This is reflected in Islam’s pure teachings of the attributes of God.

3

Emphasizes Both Evidence and Faith

Islam is a religion in which faith is based on clear proof. It encourages people to use their God-given intelligence to think and ponder over their life and the universe.

 

Although this life is a test, God has provided sufficient signs and guidance to people who are open-minded and sincere to be able to acknowledge the truth.

4

Forgiveness of Sins

Islam encourages a balance between hope in God’s mercy and fear of His punishment-both of which are required to lead a positive and humble life.

 

We are born sinless but have the free will to commit sins. God created us and knows we are imperfect and commit sins, but the key is how we react to committing those mistakes.

5

Practical and Balanced Way of Life

Islam provides the right balance between faith and action, as both are required for a stable life. It provides guidance for all situations and circumstances. It is a practical religion with practical acts of worship that are designed to fulfill the spiritual, physical, psychological and social needs of people. 

 

In short, we should respect personal belief and religion in our daily life.

No matter who we are, where we go, we should pursue these small pieces of happiness in life; about truth, we should never give up the courage to find evidence; about sins, we should be brave to commit mistakes. In doing so, one will improve a lot and become a better person.

For the majority of business owners in China, you have ushered in an important thing recently. Do you remember to submit the crucial Corporate Annual Reports? It not only affects your company’s operation but your personal credit in China!

What’s Corporate Annual Report?

Each year, every company in China must submit its annual report to the Industrial and Commercial Administration within a specific time period through an online system. 

 

As soon as the deadline of annual report arrives, the reporting system will automatically shut down, and all enterprises that fail to report on time will be included in the list of abnormal operations.

And all the Annual Reports in this system are available to the public so that any company or individual can check any one of them online.

Why Should You Submit 

the Annual Report?

 

It’s stipulated that companies should submit their annual reports from January 1st to June 30th each year. Companies that fail to submit their Annual Reports within this period will be added to the “Poorly Performing Company List”. 

 

 

And if the company has been on that list for 3 years, it will be moved to the “Illegal Company List”, which, will results in…

• A lifetime record of “Illegal Company List” that cannot be eliminated.

• No way to deal with business alternation or cancellation.

  

• Poor credit record that exerts negative influences on cooperation with other enterprises.

• Long-term limits on visa applying, departure and entry, air tickets buying or high-speed rail tickets buying, or luxury hotels booking (usually 3-star or above).

 

A bad credit, so many limits!!!

 

Get A Fine

 

According to the rules, corporation will incur a penalty or other forms of punishment if it  ↓↓↓

• Do not publicize Annual Report or related information of corporation based on rules within regulated period. The penalty is 5,000-30,000 RMB.

• Fails to submit Annual Report to the government. Those who refuse to make corrections or disobeying the government will be incur a penalty. The penalty is 100-1,000 RMB.

• Withholds the truth, practices frauds when publicizes information and Annual Report. The penalty is 10,000-30,000 RMB (for illegal enterprise), or 500-5,000 RMB (for individual business).

The corporate annual report is seen as an indicator of a company’s attitude towards credit, so if you fail to submit it on time, your company will be considered to have lost its credibility and will not be trusted elsewhere, which must be torturing for you.

Why Do I Have to Submit 

the Annual Report ASAP?

There are too many companies out there.

 

According to statistics from the State Administration for Industry & Commerce, the number of registered market entities around China has reached 110 million by the end of  2018, including 34.742 million enterprises. In 2018, there were 21.4958 million new market players and 6.7 million new enterprises, an average of 18,300 new enterprises per day.

This means that this year there will be more than 100 million market entities involved in the annual report submission, which can be overwhelming for the online systems. 

 

The Annual Report Requires Professional Quality Work.

The annual report includes your company’s performance, and financial data etc. Therefore, it’s better to assign this work to professionals in this field.  

Tips From HACOS

 

Besides annual reports, there are many other tasks every year, such as: 

• Corporate income tax reports, 

• Annual foreign exchange inspection, 

• Annual joint inspection. 

If your company has the right to engage in import and export trade, you will also need to do the annual customs inspection; and if your company’s business scope includes advertising, then you’ll also need to do the annual advertisement inspection. 

 

All these annual inspections must be finished within the specified time period. Among them,

• Final settlement of the tax bureau is before May 30, 

• Industrial and Commercial Annual Audit and Joint Annual Inspection is before June 30.

Otherwise, your company’s operation and credit will be affected in 2019. 

 

As the 2018 annual report submission has begun, HACOS would like to remind you —- please remember to do the annual report and all kinds of annual inspections, which are vital for your company’s credit!

A video that appears to show a white Tesla Model S exploding in Shanghai—set to be home to the US electric car firm’s first overseas factory—has been widely shared on Chinese social media platform Weibo, prompting the company to investigate.

Shanghai

 

“We immediately sent a team on site and we’re supporting local authorities to establish the facts. From what we know now, no one was harmed,” a Tesla China spokesperson said in an email statement.

The video began circulating last night (April 21), and posts with the hashtag #Tesla self-ignites” or 特斯拉自燃, have drawn nearly 47 million views as of Monday morning.

 

The 22-second long recording showed a sedan in a parking garage emitting smoke from its chassis before exploding and bursting into flames. An Audi car was parked right next to the Model S, but it was unclear if it sustained damage. 

 

Posted by a user (link in Chinese) called Xiu Jian Cong Ye De Liu Dai from China’s northeastern Shandong Province, it showed a time stamp of Sunday around 8:15 pm local time. The user said that the explosion took place in Shanghai, and wrote in comments under the post that he obtained the video from a social media group for Tesla car owners. 

Other City

 

 

Last week, a parked Tesla in the US caught fire after being transported to a garage in Pennsylvania to examine its possible role in a fire that broke out in a garage attached to its owner’s home. Tesla has also said it is looking at that fire.

 

Similarly, on 25th last month, a Tesla car parked in the parking area, which was caught fire in the midnight. The car owner opened the Tesla APP immediately, but he only found yesterday’s vehicle state. 

 

According to Baidu, the biggest search engine in China, like Google, the results reached 6.25 million in total based on the keywords of “Tesla Model S self-ignites”(特斯拉Model S自燃).

 

The following are the Tesla accidents around the world since 2013.

▼

Tesla

 

 

The Shanghai video comes as Tesla has increased its investment in China, the firm’s biggest overseas market. Construction started earlier this year on its first overseas Gigafactory in Shanghai—the first entirely foreign-owned car plant in China. 

 

 

The plant could help it minimize effects from trade tensions between China and the US—the firm imports all the cars it sells in China from the US, paying hefty import duties compared with foreign brands manufactured in locally through joint ventures. Tesla saw revenue from China last year drop 13% compared with 2017, as tariffs increased its prices in China. 

 

Meanwhile, last month, Shanghai’s customs officials temporarily held 1,600 Model 3s over labeling issues.

Foreign businessmen in Yiwu, where China’s largest international small commodity market is located, are to be appointed as “specially invited representatives” to a politics conciliation meeting of the city people’s congress.

1

 

According to a report on Thursday by the Yiwu Shangbao, a state-run Chinese newspaper, two foreign businessmen from Turkey and Pakistan, as well as three Chinese citizens, consisting of two Uyghur representatives and an employee of an accounting firm, were appointed by the Yiwu  People’s Congress to participate in a organization called “Yizhenghui” in Chinese, which means discussions on public affairs and social management.

 

This is the first time that Zhejiang has appointed foreigners to serve in the city-level people’s Congress, according to the report. 

 

 

Sajid Iqbal from Pakistan, the president of Pakistan Chamber of Commerce in Yiwu, told the Global Times on Sunday that although he was just appointed three days ago, he has already had many conversations with local officials to help the  government and foreigners in Yiwu  solve various problems and improve the development of the city in the past 19 years. 

 

The people’s congress of the city believes this is why he can play a greater role in the development of the city. 

 

Iqbal arrived Yiwu in 2000. Married to a Chinese woman and fluent in Chinese, his experience in China makes him an “old China hand.” 

 

 

“Yiwu’s development is closely related to foreign traders, so policymaking on public affairs and social management of the city needs to hear the voices of foreigners who work and live here,” Iqbal said.

 

Iqbal said before his appointment, he and his colleagues, who can speak Chinese and other foreign languages, had already become a bridge between foreign businesspeople and Chinese people, as well as officials.

 

2

 

For instance, many foreign businesspeople cannot speak English, and very few Chinese officials can speak languages like Urdu, Hindi, and Arabic, “so we are playing a crucial role to mediate and connect the two sides,” he said. 

 

 

In the past 19 years, Iqbal said he and his colleagues have helped the city government to improve and modernize governance and public services in Yiwu. “We have solved a lot of problems together with the city government, including visa policies, communication to other countries, education for foreign children in Yiwu, and the food service industry for foreigners.”

 

Jiang Ming’ an, a law professor at Peking University, told the Global Times on Sunday that there is no legal issue with these appointments. “According to the law, there is no problem if foreigners in China participate in public affairs through discussions at politics conciliation meetings or hearings held by a city or provincial-level people’s congress.”  

 

 

Yiwu is an international trading hub. This is a good way to show China’s determination to better serve foreign traders and explore innovative policies on opening-up, he said. Foreign businessmen to join in the discussion of state affairs.