Steve Dickinson in The Atlantic

The environment for foreign companies in China has been getting steadily tougher since 2006, when the nation came to the end of a five-year schedule of market-opening measures it pledged as the price of admission to the World Trade Organization.

“As far as I can see, this trend of focusing on the failure of the foreigners will continue for many years. It is therefore absolutely required that every company operating in China ask: Can our company operate profitably in China while complying with the strict requirements of the Chinese legal and tax system? In my own experience, very few companies ask this question. For this reason, the vast majority of foreign companies in China are operating in the face of risk that they simply do not understand. This is a mistake. No company can eliminate risk. However, every company must ask: is the reward worth the risk?”