It was observed that China has embarked an unprecedented economic growth since its economic reforms only to become the world’s second largest economy. A new path under the 12th five-year plan is implemented towards the sustainable and balanced development alongside a focus on boosting domestic consumption. This is opening new opportunities in china for industrial innovation and business expansion.
In the past, besides the cultural and language challenges, the business men have face foreign exchange restrictions, anti-trust laws, intellectual property rights and diversified people all over china. With the liberal economy, new businesses like equity joint ventures, cooperative joint venture, wholly foreign owned enterprises, joint stock companies, foreign enterprises, branches of foreign enterprises have started functioning in China.