Doing Business with China
...manufacturers-This would be a great business to have in China. Many designers world- wide could contract out the production of making their clothes. The clothing industry is on a rampage, plus this would open the door for more employment opportunities in the country. Electronics- this is a booming commodity around the world. China would prosper greatly by being able manufacture all types of electronics. They would be able to do the work themselves and not have to outsource it, therefore saving the company more money. Hotel Chains- would be another successful business. China is one of the most touristic countries in Asia. All tourists need a place to stay and by opening up a chain of hotels would be profitable to the economy. 2. What are the challenges and risks associated with doing business in China? Risks in doing business in China is that its has over populated therefore it has cause an increase in the prices of the commodities it produces. The exchange rate policy for the Chinese currency has changed, by doing so it has affected them economically. A challenge for non-Chinese companies would have to abide by the laws and regulations of China, which are very different from most countries. Counterfiting problems, cultural differences, la...