Doing business in China: it's far from easy.

USA Today (Magazine) | January 1, 1996| | Copyright

China is a land of 1,000,000,000-plus potential consumers, a thought that increasingly is tantalizing the imagination of CEOs across America. Yet, there are many horror stories of people who have lost their shirts (and more) in China. A Dec. 10. 1993, article in The Wall Street Journal summarized the phenomenon succinctly:

"China's economic transformation, born in a shift to free markets in 1978, is rapidly coming of age - and it has mouths watering throughout the business world.

"It also has stomachs churning. For while some foreigners may be making hay in ...

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