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How To Handle China’s Economic Slowdown
I did an article for Forbes Magazine the other day, entitled, How American Businesses Should Deal With China’s Economic Slowdown. I’d love to just re-run it here, but I worry that doing so might violate the agreement I signed with them, and if I wait too long, it may no longer be topical or it will be too late to be of much help.
I sum up the article in the following concluding paragraph:
The key is to be proactive. If you find yourself in a bad situation with a Chinese company going under, there usually is no remedy after the fact. Bankruptcy in China generally consists of a company shutting down in the middle of the night and its owner fleeing to another town. The key to weathering China’s slowdown will be for American companies to go back to basics. Think afresh about what your company contributes to China’s economy and how that is likely to shape policy makers’ opinions. Focus on scrupulous regulatory compliance and renew your focus on due diligence at a company-to-company level. Above all, no American company doing business in China should blithely assume that a slowdown won’t affect it.
I think it is worth a read and I recommend you go here to do so.
Source: http://www.chinalawblog.com/2014/11/how-to-handle-chinas-economic-slowdown.html
