Developing your business in china is not an easy task and there are various issues you should consider and find the solutions, such as: protecting intellectual property, establishing Chinese partnerships and adopting the right business strategy and so on. The following are some basics coming from professional business law firms and promoted by experienced Chinese lawyer you should follow and practice to ensure your business healthily developing in china.
1. Foreign companies should avoid directly bringing western business ideas into the Chinese business which means that the business ideas perform well in western countries may be unsuitable for the Chinese business situation and some business ideas are not always transferable.
2. If you are going to develop selling business to the Chinese consumers, you should tailor the products specifically to them, besides, you have to consider the average GDP per person in china and then price your products.
3. During the past decades, china has improved much in its’ IP protection, however, you still have to pay attention to whether a national patent is as secure as an international one, and make sure if the Chinese legal system will protect and enforce the patent rights which must be complex and torturous.
4. Of course there are many opportunities for overseas doing business in china, such as health care, food, education, entertainment and services that cater to the aging population. The above are some suggestions from China law firm.