Doing Business with China

ISBN: 1905050089
EAN: 2147483647

Year: 2003
Pages: 648

Authors: Lord Brittan

BUY ON AMAZON

Table of Contents
BackCover
Doing Business with China, Fourth Edition
Foreword
Introduction
China s resilient economy
Market entry and operations in China
Market segmentation
Appendices
Acknowledgements
China Association of International Trade
Preface: China, the EU and the WTO after Chinese accession
Preface
Editorial Associates
Part I: China s Economy and Administration System
Chapter 1.1: China s Economic Performance and Outlook
Chapter 1.2: Changes in the Laws and Regulations Regarding Foreign Investment in China
Key changes in laws and regulations concerning foreign direct investment since 2001
Trends in China s foreign investment policies in 2002
Chapter 1.3: China as a WTO Member: Systemic Issues
What is the WTO?
Import and export of goods
Trade in services
Intellectual property
WTO dispute settlement and China as a litigant
Conclusion
Chapter 1.4: China s Commitments to the WTO - a Chinese Perspective
Uniform administration of trade policy
Transparency of trade policy
Providing opportunities for judicial review to the affected parties
Progressively liberalizing the right to trade
Abiding by the WTO agreements on state trading
Non-tariff measures
Removing export subsidies
Implementing the agreement on trade-related investment measures
Accepting the transitional review mechanism
Chapter 1.5: Chinese Government Structure
The new government structure
State Council
Government hierarchy
Chapter 1.6: China s Prospering Private Sector
Steady growth in numbers and obvious strengthening
Larger concentration in eastern China and higher growth in western China
Larger share of non-state business in cities and townships and faster growth in numbers
Industrial structure further adjusted and the share of the service industry on the rise
Individual industrial and commercial proprietors are more concentrated in commerce and trade, privately-run enterprises in manufacturing
The limited liability company is the main form of private businesses while sole proprietorship has grown very slowly
Chapter 1.7: China s Consumer Market
Consumer demographics
Consumption pattern
The Chinese consumer market
Selected markets in China
Globalization of the Chinese consumer market
Chapter 1.8: The Restructure and Development of China s State-owned Enterprises
Chapter 1.9: Developing Statistics in China
Functions of government statistics and the statistical system in China
Statistical surveys organized and implemented by the National Bureau of Statistics
National Economic Accounting System
Publication and provision of statistical data
Statistical analysis
Objectives of future reform
Part II: China s Foreign Trade Within the WTO
Chapter 2.1: Key Issues in the Development of China s Foreign Trade
To carry out the winning through quality strategy for enhanced competitiveness in the world market
To seriously renovate the operating environment for China s exports
Chapter 2.2: China as a WTO Member: the Opening-up of the Chinese Market
Trading rights
Abolition of discriminatory measures and practices
Import tariff reductions and removal of quota restrictions
Telecommunications
Distribution services
Construction services
Banking services
Courier services
Insurance
The need to tread carefully
Chapter 2.3: The Deregulation of Foreign Trade within the WTO
Eliminating non-tariff measures progressively
Administration of the tariff rate quota regime
Supplement 1 to Chapter 2.3
Supplement 2 to Chapter 2.3
Chapter 2.4: China s External Cooperation of Agriculture after the Entry into WTO
Opportunities and challenges for China s external cooperation of agriculture after the entry into the WTO
Propositions regarding the strengthening of China s external cooperation and opening up of agriculture
Chapter 2.5: The Opening-up of the Service Sector in China
Banking
Insurance
Security industries
Audio and video products
Distribution service
Tourism
Transportation
Chapter 2.6: Foreign Trade Activity and its Administration
Types of players in the field
The impact of the WTO on China s foreign trade activities
Conclusion
Chapter 2.7: The Changing Role of China s State-owned Foreign Trade Enterprises
To accelerate the reforms of SFTEs is an important step for the development of China s foreign-related economy and trade
New environment for SFTEs after China s entry into the WTO
Conclusion
Chapter 2.8: China s Tariff Regime after WTO Accession
Chapter 2.9: Import and Export Financing in China
Eximbank and China s foreign trade
China s import and export financing after WTO entry
Supplement 1 to Chapter 2.9
The Export - Import Bank of China Articles of Association
Chapter 2.10: China s Exchange Control System
Trends of development in China s foreign exchange control regime
Control over the foreign exchange of foreign resident organizations
China s foreign exchange regime after WTO accession
Chapter 2.11: Freight Forwarding in China
Freight traffic
Freight forwarding documentation
Part III: Foreign Company Operations in China
Chapter 3.1: Setting up Business in the People s Republic of China
Alternative business structures
Employment law for Chinese and foreign nationals
Intellectual property: well-known trademarks
Commercial dispute resolution
Chapter 3.2: Foreign Direct Investment Vehicles in China
Regulation of FDI
Technology licensingassignment to China
Cooperative joint ventures
Equity joint ventures
Wholly foreign-owned enterprises
Holding (investment) companies
Foreign-invested joint stock companies
Branches of foreign companies
Privatization, mergers and acquisitions of SOEs
Additional matters
Checklist for a joint venture contract:
Annexes:
Mandatory provisions for technology licences:
Prohibited provisions in technology licences:
Major legislation relevant to FDI
Chapter 3.3: Accounting and Auditing Requirements and Practices in the People s Republic of China
Setting accounting standards
The conceptual framework
Forms and contents of financial statements
Accounting concepts and bases
Auditing requirements
Auditing profession, standards and forms of audit report
Conclusions
Chapter 3.4: Taxation Issues
Income tax on non-resident enterprises
Individual income tax on foreign nationals
Chapter 3.5: Comparison of Auditing Requirements and Practices in the People s Republic of China with International Accounting Standards
Development of accounting regulations in China
International Accounting Standards
Conclusion
Chapter 3.6: Trademark and Patent Application and Protection in China
Patent procurement
Enforcement
Trademark enforcement
Patent enforcement
Border enforcement by Customs
Part IV: Market Entry and Business Development in China
Chapter 4.1: Discovering Chinese Cultural Roots
Cultural roots
Cultural attitudes
Tips for doing business with China
Precautions
Chapter 4.2: Cultural Differences and Clashes in Communication
China as a member of the international community
Anecdotal analysis of the differences between Chinese and western cultures
Sources of cultural clashes in communication
Managing cross-cultural differences for cross-cultural advantage
Chapter 4.3: Networking Practice in China
Business networks in China and overseas Chinese communities
The framework of Chinese business networks
Business networks and Chinese cultural values
Trustmistrust
Face, hierarchy and power distance
Reciprocity
Timelong term orientation
Harmony
Implications and recommendations
References and bibliography
Chapter 4.4: Due Diligence for Market Entrants
Where is the market?
Identifying your business partner
How to assess your business partner
Key terms and conditions in an import contract
How to manage sales and distribution effectively - selection of agents and distributors
How to source from China
Dealing with language problems to achieve best possible communications
Building an in-house China team
Using the services of advisers
Chapter 4.5: Joint Venture Contract Negotiations and Approvals
Negotiating the joint venture agreement, draft contract and articles of association
The approvals and registration process
Chapter 4.6: Employing Staff in China
Employing staff in representative offices
Employment in joint ventures and wholly foreign-owned enterprises
Chapter 4.7: Industrial and Commercial Market Research
Industrial market research
General practices and methodologies in industrial market research
Consumer market research
Differences in the research environment
The research industry and research organizations in China
Recommendations for market research in China
Why employ local research organizations?
Chapter 4.8: Growing Consumerism Strategies for the China Market
Introduction
Method
Discussion and conclusion
References and bibliography
Chapter 4.9: Marketing Consumer Products in China
Pricing practices
Sales practices
Advertising practices
Promotion practices
Branding practices
Chapter 4.10: Developments in Chinese Logistics
Logistics infrastructure
Huge potential demand for logistics
Third-party logistics
Challenges ahead
Chapter 4.11: Brand Management and Publicity
Advertising
Panding your reach in China with Sino-World Sincerity
Chapter 4.12: Effective Public Relations
Micro public relations
Macro public relations
Part V: Banking, Foreign Exchange Transactions and the Regulation of Securities
Chapter 5.1: Banking Services for Foreign Investment Enterprises (FIEs)
Schedule for easing of restrictions
Basic bank accounts in China
Trade services in China
Trade trends after WTO entry
The Payments infrastructure
Conclusion
Chapter 5.2: Foreign Exchange Administration Systems in China
Framework of China s foreign exchange administration system
Income in foreign currencies under current account should be remitted back through designated banks
Verification of import payments and export proceeds (VIEP)
Control over capital accounts
Evolution of the RMB exchange Rate mechanism
Macro-management system of balance of payments
Supervision and control of foreign exchange operations in the financial institutions
A foreign exchange system suitable for a socialist market economy
Chapter 5.3: China s Securities Market
New dynamics faced by China following WTO accession
Future development trends
Supplement 1 to Chapter 5.3
Part VI: Sectors of Opportunity
Chapter 6.1: Automobile and Motorcycle Industries
Segmentation of the passenger car market
Geographical dispersion of the market
Automobile manufacturing
Impact of China s WTO entry
Chapter 6.2: Automotive Components
Market structure
Major issues in the auto-parts after market
Recommendations on market research and segmentation
Market entry
Chapter 6.3: Commercial Vehicles
Bus manufacturing
Truck manufacturing
Impact of China s WTO entry
Chapter 6.4: The Engineering Plastics Industry
Polyamides (PA)
Polycarbonates (PC)
Polyoxymethylene (POM)
Thermoplastic polyester
Modified polyphenylene oxide (MPPO)
Special engineering plastics
Chapter 6.5: The Food Additives Industry
Trends in product lines
Chapter 6.6: Insurance
Legal and regulatory framework
Unfolding potential
Foreign insurance firms in China
Changes under the WTO commitments
Conclusion
Chapter 6.7: IT and the Internet
The Internet industry
Chapter 6.8: Mining
Foreign investment in China s mining industry
Impact of WTO accession on China s mining industry
Challenges ahead
Opportunities
Chapter 6.9: The Paints and Coatings Industry
Condition of producers
Import and export trade
Problems and recommendations
Chapter 6.10: The Petrochemical Industry
Chapter 6.11: Pharmaceuticals
Chapter 6.12: Professional Services
Legal services (CPC 861)
Accounting, auditing and bookkeeping services (CPC 862)
Taxation services (CPC 8630)
Medical and dental services (CPC 9312)
Chapter 6.13: Promotional Advertising
The media
Advertising companies
Most advertised products and services
The emergence of Internet advertising (e-advertising)
The regulatory environment
WTO commitments
Chapter 6.14: Retailing
Market snapshots
Opportunities as a result of China s WTO accession
Chapter 6.15: Synthetic Rubber
Market supply and demand
Import and export trade
Capital construction and technical renovation
Chapter 6.16: Telecommunications
WTO: China s telecommunications commitments
The ATT Joint Venture
Future development
Chapter 6.17: Tourism
Part VII: Local Economies - the 49 Provinces, Autonomous Regions, Leading Cities and Special Administrative Regions
Chapter 7.1: Beijing
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.2: Tianjin
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.3: Hebei Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.4: Shanxi Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.5: Inner Mongolia Autonomous Region
Resources
Infrastructure
Foreign trade
Use of foreign capital
Investment priority and opportunities
Chapter 7.6: Liaoning Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.7: Jilin Province
Resources
Infrastructure
Foreign trade
Utilization of foreign direct investment
Chapter 7.8: Heilongjiang Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.9: Jiangsu Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.10: Shanghai
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.11: Zhejiang Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.12: Anhui Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.13: Fujian Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.14: Jiangxi Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.15: Shandong Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.16: Henan Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.17: Hubei Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.18: Hunan Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.19: Guangdong Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.20: Guangxi Zhuang Autonomous Region
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.21: Hainan Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.22: Chongqing
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.23: Sichuan Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.24: Guizhou Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.25: Yunnan Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.26: Tibet Autonomous Region
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.27: Shaanxi Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.28: Gansu Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.29: Qinghai Province
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.30: Ningxia Hui Autonomous Region
Resources
Infrastructure
Foreign trade
Utilization of foreign investment
Chapter 7.31: Xinjiang Uygur Autonomous Region
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.32: Dalian City
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.33: Qinhuangdao
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Euro-Industrial Park
Chapter 7.34: Yantai
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.35: Qingdao City
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.36: Lianyungang City
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.37: Nantong City
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.38: Ningbo City
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.39: Wenzhou City
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.40: Fuzhou City
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.41: Guangzhou City
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.42: Zhanjiang City
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.43: Beihai City
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.44: Shenzhen City
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.45: Zhuhai City
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.46: Shantou City
Resources
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.47: Xiamen City
Infrastructure
Foreign trade
Utilization of foreign capital
Chapter 7.48: Macao - a Second Window to China
Transport
Industries
Construction and real estate
The future
Chapter 7.49: Hong Kong - China s Special Administrative Region
Appendices Part One
Appendix 1.1: China s Top 500 Foreign-Invested Enterprises (2000 - 2001)
Appendix 1.2: China s Top 100 Largest State-designated Companies for Liaison with the State Economic and Trade Commission in 2000
Appendix 1.3: China s Top 500 Private Enterprises (2000)
China s Top 500 Private Enterprises, Part II
Appendix 1.4: Savings by Residents in Urban and Rural Areas (100 million yuan)
Appendix 1.5: Gross Domestic Product
Appendix 1.6: Gross Domestic Product by Region
Appendix 1.7: Utilization of Foreign Capital
Appendix 1.8: Total Value of Imports and Exports
Appendix 1.9: Balance of Foreign Debts
Appendix 1.10: Gold and Foreign Exchange Reserves
Appendix 1.11: Total Investment in Fixed Assets
Appendix 1.12: Money Supply at the Year-end
Appendix 1.13: Basic Statistics of National Population Censuses since the Founding of the People s Republic of China
Appendix 1.14: Employment
Appendix 1.15: Population and Its Composition
Appendix 1.16: Population Distribution by Urban, Rural Residence and Region
Appendix 1.17: Savings by Residents in Urban and Rural Areas (Year-end)
Appendix 1.18: Basic Conditions of Urban Households
Appendix 1.19: Average Exchange Rate of RMB Yuan Against Main Convertible Currencies (Middle Rate)
Appendices Part Two
Appendix 2.1: China s Top 100 Import and Export Enterprises by Value
Appendix 2.2: Official Holidays and Traditional Festivals in China
Official Chinese festivals
Traditional festivals
Appendices Part Three
Appendix 3.1: Contract Law of the People s Republic of China
Chapter 2: Conclusion Of Contracts
Chapter 3: Effectiveness Of Contracts
Chapter 4: Performance Of Contracts
Chapter 5: Modification And Assignment Of Contracts
Chapter 6: Termination Of The Rights And Obligations Of Contracts
Chapter 7: Liability For Breach Of Contracts
Chapter 8: Miscellaneous Provisions
Chapter 10: Contracts For Supply And Use Of Electricity, Water, Gas Or Heating
Chapter 11: Contracts For Donation
Chapter 14: Contracts For Financial Lease
Chapter 16: Contracts For Construction Projects
Chapter 17: Contracts For Transportation
Chapter 18: Contracts For Technology
Chapter 20: Contracts For Warehousing
Chapter 21: Contracts For Commission
Chapter 22: Contracts For Brokerage
Chapter 23: Contracts For Intermediation
Appendix 3.2: Basic Commercial Transactions
Application for and use of a credit card in China
Renting a car in Beijing
Important points of attention when signing a contract
Appendices Part Four
Appendix 4.1: A Shares Listed on Shanghai Stock Exchange
A Shares, Part II
Appendix 4.2: A Shares Listed on Shenzhen Stock Exchange
A Shares, Part II
Appendix 4.3: B Shares Listed on Shanghai Stock Exchange
Appendix 4.4: B Shares Listed on Shenzhen Stock Exchange
Appendix 4.5: H Shares Listed on Hong Kong Stock Exchange
Appendix 4.6: Organization Structure of China Securities Regulatory Commission
General Appendices
Appendix I: Editorial Contributors - Contact Details
Appendix II: Directory of Local Authorities of Foreign Trade and Economic Cooperation
Special Commissioner s offices of the Ministry of Foreign Trade and Economic Cooperation in 16 cities
Appendix III: Commercial Offices of PRC Embassies Worldwide
Appendix IV: PRC Accounting Standards and Financial Regulations vs IAS and US GAAP
Index
Index_B
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Index_I
Index_J
Index_K
Index_L
Index_M
Index_N
Index_O
Index_P
Index_Q
Index_R
Index_S
Index_T
Index_U
Index_V
Index_W
Index_X
Index_Y
Index_Z
List of Figures
List of Tables