In the wake of the most punishing economic downturn
in 70 years, China now features prominently in the plans
of global investors and companies searching for growth.
Having successfully navigated the financial tsunami,
China’s continued dynamism and increasingly sound
economic management track record prove attractive to
managers, investors, entrepreneurs, and consultants alike.
However, opportunity is never without risk. An increasingly
competitive business environment, coupled with growing
friction in the global trading system, signals the rise of new
transnational challenges. On a local level, corporations
must understand, implement, and adhere to a continuously
evolving rule of law.
While China’s appeal continues to grow, a new
dynamic is emerging, promising a profound shift for the
international economic and business landscape. It’s no
longer just an eye-catching domestic market of 1.3 billion
individuals. Locally-born businesses are now eager and
poised to take on the world. Be they domestic start-ups
with humble beginnings or well-established multinationals
that span the globe, China is demonstrating its value as a
partner and multiplier for businesses.
DLA Piper expects an increasingly fast evolution in
China’s legal, regulatory, and commercial environments.
Dramatic changes, heightened motivation, and a growing
willingness to assume the role of a major financial and
trading partner shape China’s progression in both policy
The fifth edition of “Doing Business in China” emphasises
our commitment to enabling clients’ success by providing
comprehensive, up-to-date industry knowledge and
insightful future forecasts. Positive feedback to earlier
editions has demonstrated its constructive value when
planning and executing business and investment strategies.
Written with our broad range of clients’ interests
in mind, the guide’s approach is extensive yet
comprehensive. Beginning with economic and regulatory
insights – such as China’s commitments to the World
Trade Organisation – we offer practical tips for
managing a multitude of situations, such as setting up a
business. We also evaluate laws affecting employment,
the environment, and taxation. In response to readers’
and clients’ requests for advice on navigating China’s
corridors of power, our government affairs team drew
upon their extensive experience to formulate tips and
tactics for effectively liaising with officials.
DLA Piper closely follows recent developments affecting
clients’ businesses. The addition of two chapters
provides analysis and approaches for responding to the
newly-implemented insolvency and restructuring, and
Corporate Social Responsibility (CSR). An amplified
focus on sustainability and anti-corruption provisions are
significant developments impacting all businesses engaged
in China, irrespective of structure or origin.
We would like to thank our partners, lawyers, and
professional support staff who have contributed to this
guide. Developed from practical experience and genuine
knowledge, their inspiring thoughts reinforce our
success as one of the leading international business law
firms in Asia.