Over the past several years, U.S. companies have raced to capitalize on the potential of China's burgeoning marketplace--establishing more than 20,000 joint ventures and wholly foreign-owned enterprises in mainland China and pouring an estimated $48 billion into the country, according to the U.S.-China Economic and Security Review Commission.
Seduced by the tremendous promise of doing business in China, many of those companies rushed in without a firm grasp on the tumultuous legal and regulatory situation they would face when trying to set up shop there. One thing those companies quickly learned is that the law in China is rarely as it seems. "The China Report" gives you an overview of China's rapidly evolving legal landscape and some of the major challenges U.S. companies need to be aware of as they establish a foothold in this unfamiliar territory.
