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Showing posts with the label Doing business in China

Doing Business in China: Myths and Truths

Many people have got the following facts wrong about doing business in China: 1. Doing Business in China is NOT about Doing Business with the Chinese Only This is because there are many non-China Chinese and many non-Chinese especially in major cities like Shanghai, Beijing, Guangzhou and Shenzhen.  2. Doing Business in China is NOT about Doing Business with the China Government or Communists This is because there are many private sector businesses in China that one can do business with.  Also, although the Communist Party of China governs China, there is very little communist-type of governance in business as the whole economy has been run like capitalist system since 1979 3. It is hard to take out money made from doing business in China. There is no restriction on the amount of money that foreigners can take out from China, except of the limit of 20,000 RMB cash at the airports. Almost every bank in the world has branches in China, so you can freely transfer money in and o