For American businesses, the idea of a joint venture in China can be met with skepticism, but that shouldn’t be the case.
In fact, Gerard Baynham and Peregrine Worsthorne purport that more U.S.-China joint ventures could be quite beneficial in bolstering China’s middle class and closing the budget deficit for the U.S. government.
In their article U.S.-China joint ventures could be key to closing federal budget deficit, Baynham and Worsthorne discuss briefly the history of U.S.-China business and go on to give examples of successful joint ventures.
We’ll have our own example of a burgeoning U.S.-China joint venture at our April 18 China Executive Round Table. Learn more by clicking here.
In their annual report released recently, the American Chamber of Commerce in Shanghai found that the biggest challenge to their survey respondents — mostly small- and medium-sized American enterprises — found rising costs, HR challenges and an ever-changing regulatory environment to be their biggest challenges. Further, the best way to overcome these profit-leaching obstacles is to stay informed.