The 10 Biggest Problems With Doing Business In China

It helps to remember that China and US are the two most unique countries in the world but toward opposite directions. Hardware and tangible stuff aside, in all “soft” aspects China is a laggard behind anyone else, including Thailand. Asians are of two types: the Japanese model that relies on collective efforts and the Chinese model that maximizes family interests. US on the other hand is the most individualistic society even among the Westerners. That is why the world is so interesting a place right now as the two extremes are competing, sometimes thinking about cooperation.

Bottom line: this is a $150 to $200 billion market for U.S. companies, and will probably be much more. So pay attention to these problems, you can probably make bank if you have solutions.

#10 Market access for the services sector (financial, legal, information, telecom)

#9 Discrimination

#8 Transparency

#7 Restrictions on inbound investments (i.e. ownership limits)

#6 Standards and conformity assessment

#5 Intellectual property rights enforcement

#4 Competition with Chinese companies (state-owned and private)

#3 Cost increases, including labor, materials, and inflation

#2 Administrative licensing, including difficulties gaining business licenses and product approvals

#1 Human resources: Talent recruitment and retention


via The 10 Biggest Problems With Doing Business In China.

This entry was posted in China Economy, The Untold China Stories. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s