Business in China - 1131 Words

November 29th, 2012 International Business Doing Business in China The role of government when doing business in China is very important. It is especially important if you are from a different country, such as the United States, because the approaches to dealing with the government are much different. There are many factors in which should be considered when dealing with business related issues with the government. These include whether or not your business strategies go along with the plan the government has for Chinas development, understanding how the Chinese government interfaces with your business, and also how to deal with pressures from the government when they want you to do things you and your business don’t want to do.†¦show more content†¦There are also corrupt government officials that you potentially have to deal with. â€Å"There are a hundred corrupt officials who go unpunished for each one who is punished.† (Armbruster, 2007, pg.9) If that statement is even somewhat true, there has to be a large amount of corruption between officials which can go positively if you are doing business the wrong way but can also have negative effects. Having a China strategy is very important. A China strategy is a plan on how you are going to move your business into China and be successful. A China strategy is important because you have to know how to enter a market when going into a new environment, especially one as different as China’s. â€Å"China is no longer a third world country or an emerging economy. As the second largest and fastest growing economy in the world, soon to overtake the United States, it is a genuine force to be reckoned with. Within the past few years there has been a remarkable development inside China and the establishment of a significant middle class.† (Watson, 2011, pg. 51) You have to be able to know what you are going to do with your business once you are in China. You also have to have a backup plan in case you need to remove your compan y for any reason. What I found most interesting about doing business in China is the many different things you have to deal with compared toShow MoreRelatedBusiness in China1188 Words   |  5 PagesBusiness in China 1. 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