Contents -- Contributors' notes -- Foreword -- Preface -- Introduction -- Contents of the book -- Looking ahead -- PART ONE China's macro-risk environment -- 1.1 Political risk within China -- Political realities -- China's government and its citizens -- Ethnic unrest and disturbance -- 1.2 Political risk from China internationally -- Chinese foreign policy -- Climate change and carbon emissions -- Military might -- Summary -- Notes -- 1.3 China's population and GDP growth in a global context -- Population -- Gross domestic product (GDP) -- Sector and regional analysis -- 1.4 The domestic economy -- Fixed assets investment -- Personal income, saving and expenditure -- Inflation -- Employment -- Interest rates and monetary policy -- Other macro-economic indicators -- Fast forward -- Conclusions for foreign investors -- Notes -- 1.5 Inboundforeign investment -- Foreign direct investment (FDI) -- Portfolio investment -- Notes -- 1.6 China's outbound foreign investment -- Mergers and acquisitions (M&A) -- The accumulation of oil and gas assets -- Comparative strength -- A misadventure in minerals -- Other outbound investments -- Notes -- 1.7 Foreign trade and global imbalances -- Imports and exports -- Global imbalance issues -- Notes -- PART TWO The regulatory and legal framework -- 2.1 Government structures and administration -- The structure of central government -- Role of the Communist Party -- Central government -- The legal system -- Local government -- Hints of limited change -- 2.2 Company, foreign investment and joint venture law -- A digest of Chinese company law -- Foreign invested enterprises -- The structure of JVs -- The role of lawyers in joint venture negotiations -- 2.3 Brand protection in China -- Introduction -- What is a brand? -- Brands as intellectual property assets -- The legal protection of brands.

Other methods of brand protection -- The problem of shadow companies and online piracy -- Anti-counterfeiting solutions -- The way forward -- Conclusion -- 2.4 Key developments in the corporate income tax regime -- Corporate reorganizations -- Transfer pricing -- Taxation of non-resident taxpayers -- Turnover tax reform -- 2.5 Choosing partners -- Partner availability -- Partner selection -- PART THREE Inward investment considerations -- 3.1 Accessing the emergingChina market opportunity and managing the risk -- The scale of the risk for Western manufacturers -- New products and services for the Chinese market -- Driving the innovation process -- Summary -- Note -- 3.2 Joint ventures negotiations: -- Entering JV negotiations -- The use of mission statements -- Pre-feasibility study vs business plan -- Contract negotiations -- 3.3 The use of guanxi to minimize business and regulatory risk in China -- The rationale for guanxi -- Developing government contacts -- The benefits of good government relations -- Managing opaque regulations -- Conclusion -- 3.4 Intellectual property education in China -- Background -- IPR education in primary and middle schools -- IPR education in the university -- Collaborative industry IPR education partnerships -- Future plans -- Notes -- 3.5 Transparency risks in Chinese corporate reporting -- A new approach to reporting -- Obstacles to overcome -- The benefits for the Chinese economy -- Finding the right path -- Looking ahead -- 3.6 Equity joint ventures (EJVs) vs cooperative joint ventures (CJVs) -- Return on investment -- Risk management -- Partner relationships -- PART FOUR Key sectors of Chinese business growth -- 4.1 China's automotive industry today -- In pole position: China heads the automotive grid -- The car sector -- The commercial vehicle sector -- The component sector -- Notes.

4.2 The outlook for China's automotive industry -- The government perspective -- An uncertain business climate -- Risk is a two-way street -- The future's green… or is it? -- Conclusion -- 4.3 Outsourcing: -- Strategy and its implementation -- Intellectual property protection and information security management -- Education -- Summary -- Conclusion -- Notes -- Acknowledgements -- 4.4 Integrating quality controls in enterprise risk management: -- Introduction -- Fundamentals of quality management -- Analysing the problems in China -- The case of Mattel -- Potential mitigations -- Conclusions -- Notes -- 4.5 China: the next outsourcing powerhouse -- Introduction -- Drivers for outsourcing in China -- Potential market trends -- China's strength -- Challenges for China -- Opportunities for China -- Summary -- Notes -- PART FIVE Areas of increasing operational risk -- 5.1 Risks in distance management -- Communications issues in business with China -- Participation in joint venture management -- Notes -- 5.2 Managing your supply chain risk -- Management-systems-based approach -- Managing environmental concerns -- Resilience in the supply chain -- Health, safety and welfare: responsible management -- Conclusion -- 5.3 Post-investment operational management risks -- Location, location, location! -- Need for a localized workforce -- Expatriate failure -- Cross-cultural training -- Management structure and staff development -- Reporting and regulatory risk -- Dealing with people and client and supplier management -- Common sense -- 5.4 Sustainability risk management in China -- Setting the scene -- Where are we now? -- Changes over the last five years -- Regulatory enforcement -- Sustainability risks and opportunities -- Impacts from the financial turmoil of 2009 -- Conclusions -- Reference sources -- 5.5 Creating an effective compliance programme.

The guidelines -- Red flags of fraud -- PART SIX From practical experience -- 6.1 China risks: how to identify, manage and avoid them -- China can be a risky place -- Doing business in China today -- Other commercial risks -- 6.2 Risk management challenges for importers and exporters -- The supplier search -- Checking out the supply chain -- Overall advice -- 6.3 A cautionary tale from the past -- Tianjin Management Services Corporation -- Conclusion -- 6.4 Case study highlights from current projects -- Carte Blanche Greetings Ltd -- Sassan Ceramic Designs -- Sheffield/Chengdu Blades Football Club -- Menzies Aviation -- Dulwich College, Shanghai and Beijing -- London Taxis International -- Hornby -- Charlesworth -- CEL -- Benoy -- INDEX -- Appendix I Contributors' contact list -- Appendix II International accountancy and law firms with offices in mainland china, leading Chinese law firms -- Accountancy firms: Beijing and Shanghai offices -- Law firms - Beijing and Shanghai Offices -- Chinese law firms -- Appendix III British Chambers of Comerce in China -- Appendix IV Useful business and trade organizations in the UK and China -- In the UK -- In China -- Appendix V Universities and business schools offering Chinese studies.