It Is Late to Enter China

In: Business and Management

Submitted By 14325
Words 893
Pages 4
Critique Paper

Is it too late to enter China by Edward Tse the Chairman of Booz & Company, Greater China and the author of the China Strategy: Harnessing the Power of the World’s Fastest-Growing Economy? China is a tough market and the competitors may have gotten their first by the biggest mistake would be choosing not to invest in China by Edward Tse.
Summary of article
While many other countries have slipped into an economic coma, China is humming alone with Goldman Sachs Projecting that the economy will grow by more than 11% in 2010. On the other hand, these are not happy times for many foreign investors. in the other article, James McGregor, a consultant and former Chairman of the American Chamber of Commerce in China, voiced some of the problems vexing foreign investors: competition from inexpensive knockoffs: rivalry from state –owned enterprise that enjoy special advantages and seemingly duplicate government policies such as the selective enforcement of World Trade Organization norms. In the sector that any company may enter, China is awash with competitors, both local and foreign. Lock at the figure: the number of private companies in China shot up from 140,000 in 1992 to 6.6 million by end of 2008 even the as the number of foreign corporate grew to 435,000. Of the Fortune 500 companies, about 480 are already in China. This makes for a marketplace in which Chinese and foreign companies battle for survival.
Although it may be scary to consider entering, what is arguably the world is most complicated and competitive market, the notion that it is not necessary to do so is misguided. Few Western Company prepared for the speed of China’s recovery. At the same time, doing business in China does not mean what it used to.
The main global issue in China is the China Context, they is official China, Competitive China and Consumer China. Official…...

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