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China has a long history of confounding multinational companies. Many firms’ strategies for China have 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, with chapters on the political and economic context, how to assess the market and manage corporate expectations and structures, how to negotiate legal and tax issues, manufacturing and distribution, making acquisitions, dealing with corruption and financial crime, attracting and retaining talent, the importance of establishing and maintaining relationships (guanxi), corporate governance and social responsibility, and the China of the future.
With many businesses experiencing sluggish growth or even decline in their traditional markets, China seems to offer the chance of heady growth. For those who get their approach right it does, but there are many obstacles to be negotiated on the road to success. This book explores the difficulties of doing business in China and how to take best advantage of the opportunities that exist to achieve the level of success that every business aims for in China but not that many achieve. Contents: Making it work in China • The political and economic context • Assessing the market: pre-market entry • Investment risk: dealing with regulations and operational challenges • Setting up: corporate structures and tax issues • Making acquisitions work • Human resources: attracting and retaining talent • Dealing with corruption and financial crime • Corporate governance and social responsibility • Future China • Notes and References • Appendices: Facts and figures • CCP politburo standing committee members, 2010 • Glossary • International Law firms • Recommended reading.
ISBN - 9781846682810
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Pages : 224
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