Setting Up a Business in China

Setting up a business in China

Although recently introduced laws and regulations are making it easier for foreigners to set up a business in China, statistics from the World Bank show that China can still be a very challenging destination for foreign businesses.

Below are some World Bank figures from 2007 which show China's world ranking in terms of ease of doing business:

Ease of...	2007 rank
Starting a Business	128
Dealing with Licenses	175
Getting Credit	94
Paying Taxes	173

CLICK TO OPEN THE WORLD BANK'S DATA SHEET ON DOING BUSINESS IN CHINA

The World Bank rates China overall in terms of doing business as the 83rd most difficult economy to operate in. By way of comparison, they rank Australia as number one, Italy at 53rd, Canada at number 7 and the U.S.A. and the U.K. at 3 and 6 respectively.

As you can see, foreign entrants face a very steep learning curve indeed when approaching China.

Sino Strategic's rare combination of International management and local Chinese know-how can help you avoid the many "traps" involved in opening up your China operation. Please feel free to contact us for a confidential chat about your China plans.