 Understanding Entry ModesHenk R. Randau and Olga Medinskaya Chapter 24 in China Business 2.0, 2015, pp 117-120 from Springer Abstract: Abstract When China first opened its economy, foreign investment was limited to Joint Ventures with Chinese partners. Later, China’s entry to the WTO began significant changes for investors and enterprises in the country. Today, foreign investors can enter the market by forming Representative Offices, Wholly Foreign Owned Enterprises, and Joint Ventures. With its implementation of a new Company Law in 2006, China promoted flexibility in the foreign and domestic management of companies in the PRC while the latest announcements indicate that the government intends to continue to ease the setting-up requirements. But in general, business establishment in China is still a bureaucratic, complex, and lengthy process which involves contacting numerous local and national departments and translating many documents into Chinese. It remains to be seen how fast the announced reform of the company registration system which lowers the capital registration requirements and facilitates the establishment of an enterprise credit system can improve the situation. Keywords: Wholly Foreign-owned Enterprises; Latest Declaration; Domestic Management; Ministry Of Commerce (MOFCOM); National Development And Reform Commission (NDRC) (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:spr:mgmchp:978-3-319-07677-5_24 Ordering information: This item can be ordered from DOI: 10.1007/978-3-319-07677-5_24 Access Statistics for this chapter More chapters in Management for Professionals from Springer |
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