For tech companies to make the most of opportunities in China, they need to understand and address the risks – here’s how China presents real opportunities for UK tech companies. Scale counts – this is a country with over 100 cities of more than a million people – and China-UK trade surpassed £70 billion in value in the 2018/2019 financial year. The Chinese government is working to drive future growth …
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WFOE
In this six-part business guide to doing business in China produced by Hawksford, we’ll give an overview of what you need to consider before entering the market. Ranging from localisation, to the legal and banking systems, to type of company set up. This series is a great jumping-off point to understand the many nuances of doing business with China. PART 6: Company set up Types of foreign investment in China …
Thousands of Wholly Foreign Owned Enterprises (WFOE) are established in China every year. But for every 3.69 companies established, one shuts down its operations and in 2018 more than 1.8 million companies were deregistered. Consulting firm Dezan Shira & Associates explain the process of closing down a Wholly Foreign-Owned Enterprise in China Overlooking the more obvious consequences that closing a company may entail in terms of staffing and strategy, problems …