Book Review--Doing Business in Asia’s Booming “China Triangle”
The book encapsulates the ways and means of doing business with China, and the opportunities out there. It reveals how China has transformed itself for the investors by creating a friendly environment; but,nevertheless, cultural and social aspects must not be forgotten while dealing with them. The book is divided into four parts. These are: • The China Triangle, • Trading with China, • Investing in China and • Dealing with Chinese. This book on “China Triangle” encourages foreign businessmen to invest here, as it has gone through different economic reforms. China Triangle, here,stands for People’s Republic of China, Taiwan and Hong Kong. These countries are now united commercially and their people are coming together to do business. Examples of this are: • The Chinese town of Shenzhen, with skyline crammed with office towers, has been financed by Hong Kong banks. • Hong Kong firms employ five million workers in South China and 70% of the foreign investment flows into Guangdong province. • Taiwan is upgrading its production technology while Hong Kong is improving its finances, transportation,and telecommunication infrastructure. • People’s Republic of China is expanding its share in export markets and as per recent data of 2005, China already has trade surplus.
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