The Dragon Comes Calling!

It seems everyone wants a piece of China. China was the world's number two destination for foreign investment in 2004 drawing a record US$61 billion for two years running in 2004 and 2005. With a population of 1.3 billion and GDP growth of 8.1%, China is set to be the second largest economy in the World by 2020, behind only the USA.

Having said that, the nature and extent of foreign investment allowed in China is still heavily regulated by the Chinese government. China is an enormous market abounding with opportunities, offering foreign investors in all trades a vast horizon for development. However, the business environment of China is different from other countries in many aspects such as trade laws, investment approval procedures, import-export administration and taxation. Moreover, in the process of market opening, China has been constantly amending its trade-related laws and regulations, often leaving foreign investors interested in developing the mainland market at a loss.