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25 Aug 2010

More China Business Insight

by Carey Chambers, dragonbn.com

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Still trying to get your head around the challenges of doing business in China? Here's some insight from a China business law expert that might help.

Dan Harris is author of the widely read and highly respected China Law Blog. This week he shared some of his knowledge in an interview with The Beijinger.

Among the valuable information:

"We are not fans of joint ventures in China, or anywhere for that matter, because the local party almost always ends up holding a much better hand…"

"The problem with guanxi is that there is always going to be someone higher up than your contact and that person higher up may at some point call you to account for your failure to follow the laws to the letter."

"unless you are a massive organization that can afford to have multiple attorneys in-house, you cannot realistically expect to be able to pay your lawyers enough to monitor every law that applies to your particular business."

Read the full interview at:

http://www.thebeijinger.com/blog/2010/08/22/Blogging-the-...


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