China's increased openness to the global economy means more opportunities for U.S. companies, says Greenberg Traurig's new Shanghai-based partner, Peter Neumann, who spoke last week at a Georgia Tech conference on doing business in China. But he warned that it's important for companies to enter the Chinese market well-informed, because the rules continue to change rapidly. China is still "a work in progress," said Neumann, who has worked in China since 1993. The most common pitfall? Taking shortcuts.
Capitalism in China Called a 'Work in Progress'
April 29, 2008