{"version":"1.0","provider_name":"Focus - China Britain Business Council","provider_url":"https:\/\/focus.cbbc.org","author_name":"CBBC","author_url":"https:\/\/focus.cbbc.org\/author\/cbbc-staff\/","title":"There are two types of accounting in China: Tax or Fapiao Accounting - but one is better than the other - Focus - China Britain Business Council","type":"rich","width":600,"height":338,"html":"<blockquote class=\"wp-embedded-content\" data-secret=\"zqfjBjAcBe\"><a href=\"https:\/\/focus.cbbc.org\/there-are-two-types-of-accounting-in-china-tax-or-fapiao-accounting-but-one-is-better-than-the-other\/\">There are two types of accounting in China: Tax or Fapiao Accounting &#8211; but one is better than the other<\/a><\/blockquote><iframe sandbox=\"allow-scripts\" security=\"restricted\" src=\"https:\/\/focus.cbbc.org\/there-are-two-types-of-accounting-in-china-tax-or-fapiao-accounting-but-one-is-better-than-the-other\/embed\/#?secret=zqfjBjAcBe\" width=\"600\" height=\"338\" title=\"&#8220;There are two types of accounting in China: Tax or Fapiao Accounting &#8211; but one is better than the other&#8221; &#8212; Focus - China Britain Business Council\" data-secret=\"zqfjBjAcBe\" frameborder=\"0\" marginwidth=\"0\" marginheight=\"0\" scrolling=\"no\" class=\"wp-embedded-content\"><\/iframe><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\n\/*! This file is auto-generated *\/\n!function(d,l){\"use strict\";l.querySelector&&d.addEventListener&&\"undefined\"!=typeof URL&&(d.wp=d.wp||{},d.wp.receiveEmbedMessage||(d.wp.receiveEmbedMessage=function(e){var t=e.data;if((t||t.secret||t.message||t.value)&&!\/[^a-zA-Z0-9]\/.test(t.secret)){for(var s,r,n,a=l.querySelectorAll('iframe[data-secret=\"'+t.secret+'\"]'),o=l.querySelectorAll('blockquote[data-secret=\"'+t.secret+'\"]'),c=new RegExp(\"^https?:$\",\"i\"),i=0;i<o.length;i++)o[i].style.display=\"none\";for(i=0;i<a.length;i++)s=a[i],e.source===s.contentWindow&&(s.removeAttribute(\"style\"),\"height\"===t.message?(1e3<(r=parseInt(t.value,10))?r=1e3:~~r<200&&(r=200),s.height=r):\"link\"===t.message&&(r=new URL(s.getAttribute(\"src\")),n=new URL(t.value),c.test(n.protocol))&&n.host===r.host&&l.activeElement===s&&(d.top.location.href=t.value))}},d.addEventListener(\"message\",d.wp.receiveEmbedMessage,!1),l.addEventListener(\"DOMContentLoaded\",function(){for(var e,t,s=l.querySelectorAll(\"iframe.wp-embedded-content\"),r=0;r<s.length;r++)(t=(e=s[r]).getAttribute(\"data-secret\"))||(t=Math.random().toString(36).substring(2,12),e.src+=\"#?secret=\"+t,e.setAttribute(\"data-secret\",t)),e.contentWindow.postMessage({message:\"ready\",secret:t},\"*\")},!1)))}(window,document);\n\/\/# sourceURL=https:\/\/focus.cbbc.org\/wp-includes\/js\/wp-embed.min.js\n\/* ]]> *\/\n<\/script>\n","thumbnail_url":"https:\/\/focus.cbbc.org\/wp-content\/uploads\/2020\/11\/shutterstock_588349616.jpg","thumbnail_width":1000,"thumbnail_height":664,"description":"Some problems business\u2019 face are not easily traced back to the accounting methodology, writes Lily Li Fapiao accounting refers to recognising revenue and costs solely based on available fapiaos (the official receipts that are issued and received for goods or services in China). Accountants do not conduct bookkeeping until they issue output fapiaos or receive input fapiaos \u2013 and from there, they generate the required financial statements and calculate a&hellip;"}