The China Venture

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Waal, C. de (1998): Hedging your bets: minimising financial risk in the PRC, in: China Direct Investor, April 1998, 16-19. Wang, Chenguang/Zhang, Xianchu (Ed.) (1997): Introduction to Chinese Law. Wang, Yongjun (1997): Investment in China - A Question and Answer Guide on How to Do Business, CITIC Publishing House, American Management Association, New York. Wang, Z. (1996): Deutsche Direktinvestitionen in der Volksrepublik China , Berlin/Heidelberg/New York. Wegner , C. (1998): Foreign banks still restricted in scope of RMB business, in: China Direct Investor, April 1998, 23-24. Wirtschaftsmacht (1996): Deng Xiaoping. Gesammelte Werke. Wu, J. (1995): China’s Economic and Financial Reform, in: Tam, Financial Reform in China, London. Wurfel, D./Burton, B. et al. (1996): Southeast Asia in the New World Order. The Political Economy of a Dynamic Region. Macmillan Press Ltd., London. Xiaofu, L. (1996): Technology Transfer in China: Current Situations, Problems and Aspects. Tech Monitor, Mar- Apr 1996, 28-32. Xiaojuan, J. (1997): Chinese Government Policy towards Science and Technology and its Influence on the Technical Development of Industrial Enterprises. In: Feinstein, C./Howe, C. (Eds.): Chinese Technology Transfer in the 1990’s: Current Practice, Historical Problems and International Perspectives, 137-151, Edwar Elgar, London. Zahid, S.N. (ed.) (1995a): Financial Sector Development in Asia, Hong Kong/Oxford/New York. Zahid, S.N. (ed.) (1995b): Financial Sector Development in Asia - Country Studies, Manila/Oxford/New York. 158
6. Appendix 6.1 Fact Sheet People’s Republic of China 145 Capital: Beijing Population: 1.22 bn Regions: 22 provinces; 3 municipalities (Beijing, Shanghai and Tianjin); 5 autonomous regions (Guanxi, Inner Mongolia, Ningxia, Xinjiang and Tibet) Key Cities: Shanghai (13m), Beijing (10.7m), Chengdu (9.7m), Tianjin (8.9m) Ethnic Groups: Han (91.96%), Zhuang (1.37%), Manchu (0.87%) Religions: Daoism (Taoism), Buddhism, Muslim 2%-3%, Christian 1%; officially atheist, but traditionally pragmatic and eclectic Languages: Mandarin and various dialects Land Area: 9'562'000 square kilometers; arable land: 10% 145 Compare: http://www.odci.gov/cia/publications/factbook/ch.html and Business Monitor International, China & North Asia, No 8, August 1998. 159
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The China Venture: Business Environ
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Table of Contents List of Figures .
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3.2.3.2 Special Funds for Setting U
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3.4.1.1 National Culture ..........
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List of Tables TABLE 2-1: THE AREAS
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GBP Pounds Sterling GDB Guangdong D
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1. Introduction: The China Venture
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After a short discussion with the p
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co-operate with other firms, especi
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The Chinese operating legal system
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First of all, Britain’s predomina
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democratic centralism, all governme
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The courts are the state organs exe
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more than three hundred intermedia
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2.2.8 Company Law China’s first n
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Things seem have to become a lot cl
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2.3.1.1 Financial sector developmen
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securities, trading, initial public
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underdeveloped compared with market
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established in January 1996 by 59 p
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Chinese Banks Foreign Banks Financi
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system formulation has been put on
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The separation of production and co
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swap centres (see also above). From
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investors with little experience an
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them, while a branch with a shortag
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Loans, public offerings of shares,
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is often to acquire foreign capital
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2.3.3.2 Debt financing As getting t
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the approval of special authorities
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control compared to national enterp
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usiness in China and related issues
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3. Pre-Entry Strategic Consideratio
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While the testing for the general r
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of relevant contacts to suppliers a
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partner companies with free servici
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strengths which his own company lac
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Central Committee of the Communist
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environment for foreign investment
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legal and regulatory environment of
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3.2.4.3 Legal Framework for Foreign
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• China’s entry into membership
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• stipulates that advanced techno
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Government approval. Foreign invest
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Co-operative Joint Venture Status P
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Reflecting on these points the foll
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Success Factors concerning Products
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Success Factors concerning Company
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high-technology are eligible for th
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Available Distribution Channels A m
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Available Distribution Channels Mar
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Illustrative Case Studies The follo
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Which Aspects should SME's Focus on
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Strategy No. 1: Have Cash A comfort
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expenses have a detrimental effect
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As a conclusion, network oriented m
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3.2.13 Case Study: Swisstec, Lyss 3
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Page 121 and 122: developed within the SME, its impac
Page 123 and 124: 3.3.1.3 The Role of Technology Mana
Page 125 and 126: Indirect export and direct export a
Page 127 and 128: maintenance or the use of establish
Page 129 and 130: Government Central Exploiting Sales
Page 131 and 132: in the most advanced provinces and
Page 133 and 134: network through which the products
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Page 137 and 138: Chinese partners. He also began to
Page 139 and 140: orders. However, a country may also
Page 141 and 142: Germany/Switzerland China democrati
Page 143 and 144: 3.4.2.4 Conversation at the first m
Page 145 and 146: only after a certain time and even
Page 147 and 148: 3.4.3 Experiences of European Compa
Page 149 and 150: ones who atte nded a course. They s
Page 151 and 152: Another Chinese tactic is, as menti
Page 153 and 154: 4. Post-Entry Strategic Considerati
Page 155 and 156: and the other one in China. The com
Page 157 and 158: experience in operating production
Page 159 and 160: In these two cases, the companies m
Page 161 and 162: 5. References Aharoni, Y. (1966): T
Page 163 and 164: Dony, A. G. (1998): Market Entry St
Page 165 and 166: Islam, I. / Chowdhury, A. (1997): A
Page 167 and 168: Madura, J. (1993): International Fi
Page 169: Semkow, B. W. (ed.) (1995): China F
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