China Business Services
REVIEW Q3 2014 
In This Issue

The holiday season has already started and, as we look forward to Christmas and the New Year, it is a good time to look back at the 3rd Quarter. 

Below are some picks of recent news, along with some of my recent articles on managing risk in China - in the hope that you can look forward to a risk-reduced 2015...

Jeremy Gordon
News Picks
Rule of law is a Xi Jinping power grab (FT)
World needs to understand China's 'new normal' growth (China Daily)
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Risky Business In China. A Guide To Due Diligence by Jeremy  Gordon

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BUSINESS IN CHINA: RISKS & OPPORTUNITIES
"Current sentiment is that business risk is as high as it has ever been." (Risky Business in China, 2014). 

Why is there so much negativity? What can businesses do about it? My view is that rapid and fundamental changes to China's political, economic and social environment have changed the nature of opportunities and risks for international business in China. There are certainly opportunities, especially in emerging sectors, services and around consumption and outbound investment. But for many established players, it is the risks that grab the attention. Businesses need to understand and adapt to the new reality of doing business in China.

I addressed these issues in a recent talk at Chatham House which can be heard as a podcast here, alongside a SlideShare presentation and article...See more here.
TALKING & READING RISK
The launch of "Risky Business in China" at Asia House

China Law Blog's Dan Harris on 
Risky Business in China"THE Book on China Risks: This is as fine a business book as you can find on China. 
Gordon...lays out the risks businesses face by doing busin
ess in China and with China, and then he very systematically discusses what you can do to reduce those risks. Though not written as a how to, the information is so good and so detailed in here, that it becomes one. I have put this book on my list of must-read books for anyone planning to get involved with China. Most importantly, it made for an absolutely riveting read."

Singapore Symposium: Jeremy Gordon will be speaking on risk management in China at Singapore Management University's China Due Diligence Symposium on 28 January.

Updates: You can keep up with current China risk business issues on the Risky Business in China LinkedIn Group, or scan the QR code (see below left) for relevant social media and ordering links. 

RISKS WITH "CHINESE CHARACTERISTICS"

Some China risks come with "Chinese characteristics". They range from cultural traditions to corporate structures...and the role of government and the rule of law. Adapting to these characteristics is essential for success in China.

 

As I note in "Risky Business in China": "In addition to globally-present risks such as fraud, bribery and corruption, there are some features of Chinese cultural, economic and business life that can create confusion and increase risk for the uninitiated, and which require the re-focusing of the average pair of western reading glasses if they are to be seen clearly. 

 

When they are misread, or completely ignored (as is still all-too-often the case) by foreigners trying to do business (or plan or evaluate due diligence) in China, there can be negative consequences"...read the full article here.

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