The Economist: Doing Business in China
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Navigating China's Business Landscape
This book serves as a comprehensive guide to successfully conduct business in China. It covers crucial topics such as political and economic landscape, legal and tax issues, corporate governance, and social responsibility. It offers practical advice on how to establish and maintain relationships with locals and navigate cultural differences. A must-read for businesses looking to tap into the huge Chinese market.
The Economist: Doing Business in China
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Description
China is largely insulated from the worst effects of the global downturn, thanks to several factors: its banks have limited links with the international financial system; its institutional and regulatory apparatus is increasingly robust; mainland consumers enjoy low levels of debt and one of the world's highest national savings rates; and private consumption is rising steadily among the country's fast-growing middle class. China's exporters may be doing less well than they have but the domestic market offers huge opportunities, and the country's economy is expected to maintain high single-digit growth over the coming years.
China has a long history of confounding multinational companies. Many firms have relied on their strategies for developed markets to operate in mainland China: for most, this has failed and companies have been forced to revise plans to take into account the idiosyncrasies of the Chinese market. This book examines the strategies that have succeeded and those that have failed, and assesses the importance of in ensuring business success. It contains chapters on the political and economic context, how to assess the market and managing corporate expectations, corporate structures and negotiating legal and tax issues, manufacturing and distribution, making acquisitions work, dealing with corruption and financial crime, attracting and retaining talent, the importance of establishing and maintaining relationships (guanxi), corporate governance and social responsibility, China in the future.
Author: Christopher Torrens
Format: Hardback
Number of Pages: 224
Publisher: Profile Books Ltd
Publication Date: 13 Jul 2010
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Navigating China's Business Landscape
This book serves as a comprehensive guide to successfully conduct business in China. It covers crucial topics such as political and economic landscape, legal and tax issues, corporate governance, and social responsibility. It offers practical advice on how to establish and maintain relationships with locals and navigate cultural differences. A must-read for businesses looking to tap into the huge Chinese market.
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