Now the world’s second largest economy and long since the most populous nation on earth, China offers enormous opportunities for foreign companies, both as a manufacturing labor pool and increasingly, as a consumer market of seemingly endless potential.
In the 30 years since Deng Xiaoping’s “reform and opening-up” policy of 1978, China’s GDP has developed at an unprecedented rate, averaging 10 percent growth per annum. After years of red-hot economic activity, in 2013 the country’s growth slowed to 7.7 percent – a trend that continues to raise concern about the future viability of investment into “the world’s factory.”
Doing Business in China 2015 covers the following:
- Establishing and Running a Business
- Tax, Audit and Accounting
- Human Resources and Payroll
Originally published by Dezan Shira & Associates, a fellow LEA Global member.