China

Should You Stop Manufacturing in China and Start Selling There?

As The Wall Street Journal jarringly reported last month, the wages for manufacturing jobs in China and the United States are starting to converge. The trend undercuts the outsourcing of manufacturing, at least to China, and we’ve seen something of a revitalization of the U.S. manufacturing sector as a result. The upshot for your business: It may be time to stop looking to China for workers and start looking there for customers.

China’s Crackdown on Corruption Triggers Concern Among Multinationals

High Street Partners Offers Command and Control Solutions for Companies Operating Overseas

July 24, 2013 – (Boston/Annapolis) – The arrest earlier this week of several China-based GlaxoSmithKline employees on charges of bribery has heightened concerns for foreign companies operating in China. HQ is generally tasked with the development and oversight of robust controls to ensure that inappropriate cultural norms don’t run afoul of increasingly tougher regulatory environments, in China and elsewhere. According to statements issued by the pharmaceutical giant, the employees in question “appear to have acted outside of our processes and controls.”

"The news that healthcare giant GlaxoSmithKline had several of their executives arrested in China is a sobering reminder to all multinationals, large or small, on the need to ensure due command and control on their overseas operations" says Larry Harding, Founder & CEO of High Street Partners.

Business Expansion Into China: Important Tax Regulation Changes and the Value Added Tax (VAT) Reform Pilot

China’s tax systems are some of the most complex in the world. Regulations change at a rapid pace, so if you’re doing business in China or planning to take the leap, make sure you have good advice and systems in place for keeping up with the regular release of important information.

Pages

Subscribe to China