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1. Language, cultural differences, guanxi, political and economic issues,.
2. Challenges: find right partner
Opportunities: big market

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1. How businesses are conducted - flexibility patience and percistance.
Cultural knowledge, as well as the importance of withholding IP's, knowing how to make Guanxi, knowing the local market, having good connections with the local companies for creating Joint Ventures, being able to create bonds with the government.
2. Challenges - IP robbery, requirements of clean policy,  problems when facing competitors, the time it takes to create good bonds when establishing joint ventures. Opportunities - 1.4 billion customers ready to purchase your product

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1. Factors:
a. Level of control
b. Resource commitment
c. Politics
d. Culture

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1) First they have to decide the method for entering into the Chinese market. it can be by directly exporting, licensing or franchising, an equity joint venture or Wholly owned subsidiaries. Each one of the above have its pros and cons. For instance, if the company rely purely on its intellectual property they should be the whole owner of the subsidiaries. On the other hand, if the company rely on mass-targeting they should find local partners in China.

2) They have to pay attention to their strategy. Itis a very important to understand the Chinese bureaucracy and how to handle the external opportunities and threats.

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lot of bureaucracy and restrictions in china, so finding the right local partner helps. hong kong has fewer restrictions and also has a better functioning economic system.

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size of economy
socio-cultural environment
geographical distance
political and legal eenvironment
transportation cost
2) Challenges:
- cultural differences
-political and legal system
-bureaucracy

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Resources they will need

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Culture, commitment,

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Finding the right business partner

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Local partner

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1. Bureaucracy, the level of trust by the local society, the desired level of control by the entering company.
2. Bureaucracy, language and cultural barriers
Opportunities: Large market, the popularity of foreign companies

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the chinese ways of doing business = culture

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1) government, intellectual property, culture, language, law, knowledge of chinese market

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Cultur

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Copyrights

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1. Culture, politics; beaucracy, language 

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1. Culture, politics; beaucracy, language 

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2. Find out the right Chines partner, Fear about intellectual property rights.