Risk strategies for the Chinese market
Monday, June 30th, 2008
The June issue of Risk Management Magazine, published by the Risk and Insurance Management Society, includes an article written by Technomic Asia’s Kent Kedl that discusses strategies for managing risk in Chinese business operations.
From the article:
Although foreign companies have had a presence in China since the mid-1980s, China’s reputation as a risky place to do business has not abated. Rather, in some ways, it has increased over time from the regulatory changes in the 1990s through today’s concerns over the quality and safety of Chinese-made products.
Certainly, there are legal and financial tactics that companies use to manage risks in China, and companies should take every precaution to insure that they are on solid ground. There are some broader risk management imperatives, however, that companies should also consider as they establish their China strategies.
Read the full article.