Getting Started

China is relatively restrictive when it comes to setting up businesses although this is changing. The government is keen to attract foreign investment but most are in the form of joint ventures (JV) between foreign and Chinese companies. This is particularly true in such industries such as the media. Other sectors, such as that of telecommunications service providers, cannot even be minority-owned by foreigners, while telecommunications equipment makers are usually all joint ventures. This is not to say there are no exceptions. Many smaller foreign companies have succeeded in setting up wholly owned foreign enterprises. It is increasingly common for a foreign investor to begin with a JV partner to facilitate setting up a business and dealing with government officials. more

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