It reads incredibly naive, but I wish the author the best of luck. He should however be prepared that drawbacks of Chinese way of doing business sometimes outweigh its advantages.
I don't think it's that naive. He mentioned several times that he has Chinese friends and locals who will help him. A lot of the replies here have been "don't do anything without a local" - that's exactly what he's not doing, because he knows some persons.
Oh, he has "friends." Well then, they must be perfectly trustworthy and competent, and they no doubt play by his own ethical rules, and he has nothing to worry about.
Yes, it is naive. But he'll have fun and learn a lot, so he should do it.