Personal Comments On Taiwan . The country has become westernized in many respects over the past fifty years. Taiwan business use lower cost labor from other Asian countries, especially Mainland China. The people are reserved but very friendly and helpful once you have been introduced and get to know them. Business contacts are almost always made at offices or in restaurants, not private homes.
Foreign exchange is freely convertible both into and out of the country.
Conclusion Each business has to weigh the benefits an opportunities of the markets and potential markets in China against the current difficulties and risks of doing business in China. An incremental process with phased goals and objectives may be more prudent. Business benefits and risks can be reassessed at each stage, and management can decide whether to proceed as planned, to withdraw, or to accelerate the process.