An in-depth understanding of business and legal issues that pertain to international transactions and investment generally is critical. Practical insights gained from real experiences are perhaps more important than in many other areas of law. Understanding of Chinese Business Environment.
China is a more difficult environment in which to do business than most other countries.
China is moving rapidly from a socialist economy to one in which much of the economy is market driven and in private hands. Understanding Chinese Culture. Chinese culture is perhaps more different from the United States culture than any other in the world. Obviously, a foreign business must comply with Chinese law to the extent it applies. Moreover, most forms of foreign investment in China require prior approvals of one or more governmental entities.