As one of the world’s largest economies, China holds the promise of huge market potential and revenue opportunities for businesses worldwide. However, detailed planning is critical for success in China.

1. DOING
BUSINESS
INCHINA
THE NEW NORMAL

2. Countless companies
are going after
business in China.

3. As one of the world’s largest
economies, China holds the
promise of huge market potential
and revenue opportunities for
businesses worldwide.

4. However, detailed planning is
critical for success in China.
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5. China’s regulatory authorities
are increasingly diligent.
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6. They are cracking down on corruption and are
often aggressive when enforcing regulations.
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7. But it is still very
difficult to litigate in
China. Authorities
often view corruption
and fraud as internal
company control
issues.
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8. With a government focused on
building credibility, politics has
become interwoven into many
aspects of doing business in China.
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9. This extends to the legal
system. Chinese courts
are not independent from
political motivations.
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10. So compliance is absolutely essential.
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11. This is also the first generation
of Chinese nationals to work
with international companies.
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12. Robust, locally
relevant compliance
programs are critical
in letting employees
know the correct way
to do business.
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13. But beware …
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14. Compliance programs
cannot prevent corruption.
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15. They can only slow down perpetrators and
provide adequate ‘monitoring moments.’
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16. Given the corruption risks, it’s not
surprising that 52% of companies we
asked were most concerned about HR
considerations in China.
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17. Find good people to run your China operations
and stay deeply engaged with them.
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18. Ensure your local legal representative or general
managers are learning both Chinese and home
country laws.
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19. Your choice of entity structure will also
affect many things, from hiring options to
business activity restrictions.
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20. Regulated by Chinese
employment contract
law, different entities
need to adopt different
employment methods.
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21. If you fail to take this
into consideration, it
will definitely affect your
ability to hire prospective
employees in China.
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22. Know what you’re doing in china
and why before you choose the
mode of entry and entity type.
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23. You must also accept
the fact that foreign
companies are not
treated the same as
native ones.
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24. And some industries
are off-limits to foreign
investment completely.
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25. So get a deep understanding of the
political and regulatory landscape.
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26. Do a thorough risk assessment
of your business models.
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27. And adjust your business plan
to China’s five year plan.
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28. Otherwise, you will find doing
business in China very difficult.
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29. Need expert advice on planning your
operations in China?
www.radiusworldwide.com
Or visit the webinar archive for more insight
from the global growth experts.
Connect with Radius
Visit the Archive

30. Got yourself in a kerfuffle over your
loonies and toonies?
Connect with Radius:
US: +1 888 881 6576 UK: +44 (0) 203 005 5518
info@radiusww.com
www.radiusworldwide.com
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DOING
BUSINESS
INASIA
KEY INSIGHTS FOR
EXPANSION
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