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Doing Business in China by Jane Menzies

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Chapter 2

Exploring the Trade and Investment Environment in China

China’s trade and investment framework has significantly, but gradually, changed since Deng Xiaoping’s “Open Door Policy,” in 1978. Developing from little or no trade and investment in the late 1970s to an economy, which is the largest exporter in the world,1 is a remarkable achievement. China is now both a capital importer and exporter. Over the next two decades, it is expected that the world will continue to see many dragon multinational enterprises (MNEs), competing directly with the best of the best. Understanding the trade and investment framework is an important first stage in understanding the Chinese business environment. The aim of this chapter is to present the trade ...

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