With vast opportunities for business in technology, luxury goods, engineering, healthcare, finance, etc. Mainland China should rank top of the list for global expansion or investment.
Reasons to do business in Mainland China include:
- Access to an economic powerhouse
- Emerging innovation leader
- Proximity to world-class manufacturing
- Lower-cost labor force
Like all markets in Asia, Mainland China has unique business and cultural traits that shape a company’s experience in the city. Here is a list of challenges foreign business may face when expanding in Mainland China:
- Government policy and regulations
- Complex tax system
- Rigid payroll compliance
- Rigorous foreign exchange control
- Locally based accounting
- Types of visas
- Registering a business
- Employment considerations
- Business etiquette