Academic journal article International Advances in Economic Research

Business with China: An Overview of Opportunities and Challenges

Academic journal article International Advances in Economic Research

Business with China: An Overview of Opportunities and Challenges

Article excerpt

Keywords Business in China * Market reforms * Unfree economy

JEL F01 * F14 * F20 * O10 * O57

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The paper examines the elements contributing to China's reform, including pro-market reforms ("open door" policy and production and sales of goods according to market forces), economic growth (7.5 to 9.5%), and the rate (60.87% and significance contributing to 50% of exports) of FDI in China. Investment challenges include: corruption (3 to 5%, but up to 20% of GDP), mostly "unfree" economy (Economic Freedom Index, 2006), low ranking in ease of doing business (World Bank Group, 2006), undervalued Yuan, and lack of proper intellectual property rights.

The research points to positive indicators, such as: China's economic development growth (i.e., GDP growth at 9.9% in mainland and 12.4% in Zhejiang); China's entry in the World Trade Organization (WTO)--relaxing foreign investment restrictions; infrastructure development--transit, energy, and telecommunications; and the impact of the market reform--China's economic growth rate among the highest recorded during the past three decades. …

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