Doing Business in China
Doing Business in China- A Legal Perspective [pic]
[pic][pic]
Introduction
One of the oldest legal systems in the world is Chinese law. The Chinese Legal system is made up of Confucianism and Legalism. Confucianism is based on the Confucian philosophy of social control and moral education, and legalism based on codified law and criminal sanction. Since the 20th-21st century Chinese law became a mix of both traditional Chinese and western approaches. Even till this day the Peoples Republic of China are changing the laws, because many areas both inside and outside the country need to strengthen the “rule of law” in China, and also international trade and globalisation provoke transformations in many areas of the Chinese domestic law. Some people say that law is not important in China, but if you’re doing business over there Chinese law are very important. Businesses must obey the laws. Making contracts is a must and carefully drafted as this will minimise disputes and will outline clearly your obligations. If your contract is breached legal arguments will help your negotiations and will enforce the contract even more.
The Legal environment of foreign investments in China
China is one of the fastest and strongest growing economies in the world today. This is why many foreign companies are expanding their businesses and setting up in China. One of the most important aspects that will determine whether you can invest in China is the legal environment. There are many different problems in the legal system in China that will affect foreigners setting up and investing there, China has set up a legal system to promote foreign investment; this system has been strengthened by a number of domestic legislations and bilateral and multilateral agreements.
In order for China to accomplish its obligations and pledge as a new member of the World Trade Organisation (WTO), China has reformed, and made itself more open to foreign investors, it
[pic][pic]
Introduction
One of the oldest legal systems in the world is Chinese law. The Chinese Legal system is made up of Confucianism and Legalism. Confucianism is based on the Confucian philosophy of social control and moral education, and legalism based on codified law and criminal sanction. Since the 20th-21st century Chinese law became a mix of both traditional Chinese and western approaches. Even till this day the Peoples Republic of China are changing the laws, because many areas both inside and outside the country need to strengthen the “rule of law” in China, and also international trade and globalisation provoke transformations in many areas of the Chinese domestic law. Some people say that law is not important in China, but if you’re doing business over there Chinese law are very important. Businesses must obey the laws. Making contracts is a must and carefully drafted as this will minimise disputes and will outline clearly your obligations. If your contract is breached legal arguments will help your negotiations and will enforce the contract even more.
The Legal environment of foreign investments in China
China is one of the fastest and strongest growing economies in the world today. This is why many foreign companies are expanding their businesses and setting up in China. One of the most important aspects that will determine whether you can invest in China is the legal environment. There are many different problems in the legal system in China that will affect foreigners setting up and investing there, China has set up a legal system to promote foreign investment; this system has been strengthened by a number of domestic legislations and bilateral and multilateral agreements.
In order for China to accomplish its obligations and pledge as a new member of the World Trade Organisation (WTO), China has reformed, and made itself more open to foreign investors, it
Bibliography: [1] (ýV¶[Õl6RžRlQ¤[ / National Legal Administration Office, 2001).