As a result, government gives businesses the rights they have. Haley said companies ought to also consider hiring staff for the long haul. Because business in China is based on relationships, employees can't expect to change jobs every two or three years, Haley said. For example, if an executive leaves, there will be a little bit of a holdover, but then you basically have to start over. Even choosing a city in which to operate could be troublesome.
Many provinces ignore China's federal government.
As a result, insurers would need to get a license from China, and promises from the province. Haley said of insurers looking to enter China. Companies looking for a quick change in culture and business could wait a long time-and lose more than they expect, even if the country changes its laws.