Market entry and operations in China

Part II of the book brings readers up to date on the regulation and mechanics of foreign trade as both tariff and non- tariff barriers are lowered further or withdrawn in stages over the coming years .

Parts Three and Four will be more familiar to readers of previous editions of Doing Business with China . In Part III, essential briefings are given by two British law firms practising in China, Herbert Smith and Denton Wilde Sapte, on the regulatory and reporting requirements for setting up business entities and investing directly in China.

The Beijing office of PricewaterhouseCoopers has updated its previous chapters on accounting and auditing requirements, taxation and the differences between PRC Accounting Regulations and International Accounting Standards. Finally, in Part III, CCPIT Patents Trademark Law Office has provided trademark and patent administration guidance.

Part IV, although familiar, focuses more thoroughly than before on the marketing and business development aspects of doing business successfully in China. For corporate readers who have taken the primary decision to engage in the Chinese market as importers, exporters or investors, we urge you to treat the whole of Part IV as required background reading.

Part V is intended specifically for those businesses whose involvement will include the opening and operation of bank accounts in China in local and/or foreign currency. As restrictions on the activities of authorised foreign banks in handling RMB accounts are lifted over the next five years, the increased competition in banking will cause Chinese banks to conform more closely to international best practice. Part V concludes with an overview of the organisation and supervision of China's securities market.