china complicated risks big opportunities
Free market principles,however,shape the country's business environment. This transformation has yielded astonishing results. Over the past 30 year, China has prospered more form globalization than any other country. lts people harve moved from mud hut to high rises, companies have moved from woefully run state-owned enterprises to world-class multinationals, it has accumulated the great-eat financial reserves in the world, and it has outsmarted, outlasted, and outperformed many on the world stage. consequently, many see china's ascendency as a global event without parallel.
The siren call of china
compelling incentives attract foreign investors to china. the 1980s saw a gold rush by MNEs, ranging from manufacturing ventures and export processing to licensing