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Thursday, April 30, 2009 at 2:29 AM
2:29AM

The cost of doing business gets a lot higher in China

DateThursday, April 30, 2009 at 2:29AM

CHINA: "As Factories Fail, So Does Business Law: The chaotic collapse of companies in China erodes the trust that keeps commerce moving," by Dexter Roberts, BusinessWeek, 13 April 2009.

300,000 factories closed last year in China, and when they fail, they simply beggar off any contractual commitments to other facilities and to their own labor, fueling the boom in legal actions in Chinese courts.

The big loser? Business trust, something China never had in abundance to begin with.

AuthorThomas P.M. Barnett CommentPost a Comment |
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