Doing Business With China

by Reuvid, Jonathan; Yong, Li; Li, Yong

• ISBN13: 9781905050086
• ISBN10: 1905050089
• Edition: 5th
• Format: Hardcover
• Copyright: 2005-10-30
• Publisher: Gmb Pub Ltd

Summary

This revised fifth edition of Doing Business with China has been updated to take into account key changes in the legal and fiscal environment. It remains the most comprehensive guide available to all aspects of commercial engagement in China. It focuses on developments in China's business and regulatory environment over the past four years since WTO entry and on the key industry sectors where China is already a global player or which offer good opportunities for foreign investment and trade. In addition, the guide provides authoritative insight into accounting, auditing and taxation practices; banking, foreign exchange and corporate finance; and marketing issues which are unique to the Chinese markets. Revisions include updates to chapter's on economic performance and outlook, China's Securities Market and sector reports on China's automotive indutry, banking, oil and gas and steel production and core minerals.

Table of Contents

Preface	xv
Lord Brittan
Forewords	xvii
Sir Digby Jones
Shen Jueren, Honorary Chairman, China Association of International Trade and Former Vice Minister of MOFTEC (now MOFCOM)	xix
Introduction	xxi
Jonathan Reuvid
Li Yong
About the Editors	xxiv
Editorial Associates	xxv
Map	xxvi
PART ONE: CHINA'S ECONOMY AND ADMINISTRATION
China's Economic Performance and Outlook	3	(7)
Jonathan Reuvid
China as a WTO Member: Systemic Issues	10	(6)
Craig Pouncey
Lode van den Hende
Herbert Smith
The Chinese Government Structure	16	(10)
Li Yong
China's Consumer Market	26	(17)
Li Yong
Liu Baocheng
Jonathan Reuvid
Developing Statistics in China	43	(10)
Du Xishuang
PART TWO: CHINA WITHIN THE WTO
The Opening up of the Chinese Market as a WTO Member	53	(5)
Craig Pouncey
Lode van den Hende
Herbert Smith
Foreign Trade Activity and its Administration	58	(7)
Li Yong
China's Exchange Control System	65	(9)
Ma Shabo
Li Yong
Freight Forwarding in China	74	(7)
Liu Baocheng
PART THREE: LEGAL ASPECTS OF FOREIGN COMPANY OPERATIONS IN CHINA
Foreign-Invested Enterprises and Alternative Business Structures	81	(9)
Gary Lock
Brinton M Scott
Herbert Smith
Employment Law for Chinese and Foreign Nationals	90	(3)
Gary Lock
Brinton M Scott
Herbert Smith
Intellectual Property Rights in China	93	(4)
Franck Desevedavy
Trademark and Patent Application and Protection in China	97	(12)
Fan Weimin
Environmental Due Diligence	109	(4)
Olivier Dubuis
Whui Min Chang
Commercial Dispute Resolution	113	(6)
Gary Lock
Brinton M Scott
Herbert Smith
PART FOUR: ACCOUNTING, AUDITING AND TAXATION IN CHINA
Accounting and Auditing Requirements and Practices	119	(4)
Yvonne Kam
Taxation Issues	123	(6)
Kelvin Lee
Differences between the PRC Accounting Regulations and International Reporting Standards	129	(22)
Yvonne Kam
PART FIVE: MARKET ENTRY AND BUSINESS DEVELOPMENT IN CHINA
Revisiting Chinese Cultural Roots	151	(7)
Liu Baocheng
Cultural Differences and Clashes in Communication	158	(9)
Li Yong
Liu Baocheng
Networking Practice in China	167	(12)
Wei-ping Wu
Li Yong
Due Diligence for Market Entrants	179	(10)
Li Yong
Jonathan Reuvid
Partner Selection and Negotiations	189	(9)
Jonathan Reuvid
Using Education and Training as a Strategic Marketing Tool in Winning International Business	198	(6)
Richard Hill
Employing Staff in China	204	(4)
Li Yong
Distribution in China	208	(7)
Liu Baocheng
Jonathan Reuvid
How the CBBC Operates	215	(6)
Humphrey Keenlyside
PART SIX: MARKETING ISSUES IN CHINA
Industrial and Commercial Market Research	221	(6)
Li Yong
Growing Consumerism Strategies for the China Market	227	(6)
TS Chan
Wei-ping Wu
Marketing Consumer Products in China	233	(5)
Li Yong
Brand Management and Publicity	238	(6)
Li Yong
Effective Public Relations	244	(11)
Li Yong
PART SEVEN: BANKING, FOREIGN EXCHANGE TRANSACTIONS AND CORPORATE FINANCE
Banking Services for Foreign Invested Enterprises (FIEs)	255	(5)
A Practical Guide to China's Currency and Payments System	260	(4)
Import and Export Financing in China	264	(7)
China's Securities Market	271	(9)
Jonathan Reurid
Mergers and Acquisitions: Acquiring a Business in China	280	(5)
Olivier Dubuis
Whui Min Chang
Mergers and Acquisitions Due Diligence	285	(5)
Olivier Dubuis
Whui Min Chang
Venture Capital Investment in China	290	(13)
Jonsson Yinya Li
PART EIGHT: KEY SECTOR REPORTS AND NOTES
China's Automotive Industry: Automobiles	303	(9)
Mark Norcliffe
Automotive Components	312	(10)
Liu Baocheng
Che Yanhua
Jonathan Reuvid
China's Automotive Industry: Commercial Vehicles	322	(5)
Mark Norcliffe
Banking: The Domestic Banks	327	(5)
Jonathan Reuvid
Banking: Foreign Bank Investment	332	(3)
Jonathan Reuvid
Computer Technology and IT	335	(3)
Jonathan Reuvid
Consumables	338	(3)
Jonathan Reuvid
Energy	341	(3)
Jonathan Reuvid
China's Insurance Market	344	(9)
Liu Baocheng
Jonathan Reuvid
The Media Market	353	(2)
Jonathan Reuvid
Oil and Gas	355	(4)
Jonathan Reuvid
The Petrochemical Industry	359	(6)
Li Yong
Promotional Advertising	365	(5)
Li Yong
Retailing	370	(7)
Li Yong
Chen Congcong
Jonathan Reuvid
Steel Production and Core Minerals	377	(3)
Jonathan Reuvid
Telecommunications	380	(2)
Jonathan Reuvid
Travel and Tourism	382	(29)
Jonathan Reuvid
Appendices
Contributors Contact Details	387	(4)
Directory of Local Authorities of Commerce with Responsibilities for Foreign Trade and Economic Cooperation	391	(6)
Commercial Offices of PRC Embassies Worldwide	397	(14)
Index	411