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Friday, June 25, 2010

How not to run a business in China

How not to run a business in China - Business Week

Really good points:

The first rule for would-be entrepreneurs in China: Make sure the ownership structure of the business is clear.

Bottom line: corruption and illegal activities exist everywhere in China, but foreigners should make sure to establish corporations, pay tax, and do everything aboveboard.

It is virtually impossible for foreigners to break into these networks unless they have spent years in China.

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