Chapter 17. Managing Risks in China

In This Chapter

  • Setting up financial controls

  • Managing legal risks and resolving disputes

  • Protecting intellectual property

  • Watching out for environmental liabilities

  • Insuring against risks

The best way to deal with risk is to hire experienced professionals to help implement control programs. Although good help costs money, this chapter should clarify the trade-off between spending a little money now and possibly spending big money later. The first step to good risk management is taking a good look at what you’re getting yourself into.

We could write volumes on managing in China, but that’s beyond the scope of this book. This chapter gives you the big picture of the risks foreign businesses commonly face. It also gives you some simple strategies to lessen those risks. We cover major areas of risk and talk about insurance options and strategies.

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