Business chiefs eye China profits – John Willman
From the Globe and Mail:
World business leaders overwhelmingly see China as an opportunity for their companies, according to a survey of top executives in Europe, North America and Asia Pacific – but most also fear Chinese competitors will steal their business secrets.
Hay Group , the management consultancy, found that 83 per cent of the business chiefs wanted to cash in on China’s fast-growing appetite for imported goods and services.
The majority were already established in China or had plans to be there within the next five years. But the executives were concerned about the Chinese business environment, with poor protection of intellectual property the biggest worry. Other perceived barriers to success in China included corruption , bureaucracy and the opaque legal system .
See also today’s International Herald Tribune article, about the “chasm between deal-making styles in China and in Europe and the United States.”