Dundar F. Kocoaglu
Management of Engineering and Technology
Doing business or setting up a new business in The People's Republic of China is not an easy task for investors from the United States or European countries. It is a complex and time-consuming task, and once the joint venture is created, there is no guarantee of success or even survival. The People's Republic of China has it's own set of rules and business laws which are quite different from those in the west. During the last decade, there have been many changes in policy in areas that make it easier for investors to do business with China. The government of The People's Republic of China is trying to maintain an open door policy, developing foreign trade and economic and technical exchanges, and welcoming foreign investors to make investments into China. It has been stated in the Constitution of the People's Republic of China that the People's Republic of China permits foreign enterprises, other foreign economic organizations or foreign individuals to invest in China or to undertake various forms of economic cooperation with Chinese enterprises or other Chinese economic organizations. However, there are still a lot of barriers in the way of political, logistic, operational and financial barriers for investors to overcome. Yet, joint ventures promise to be perhaps the most important form of economic interaction between the U.S. and China. The success or failure of the growing list of U.S. - Chinese joint ventures is of vital importance to the larger economic, diplomatic, and social relationship between the two countries.
Baker, Andy; Gildow, Dan; Heath, Danen; Kwong, Wah-Ying; Posovich, Mike; and Zhang, Rick, "Doing Business in the People's Republic of China" (1994). Engineering and Technology Management Student Projects. 1240.