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by 9oliYQjP
5810 days ago
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China's great until you have to go to court there and realize you're being totally screwed over because your opponent has an "in" with the government. There are countries like Australia and Canada that strike a nice middle ground between too much and too little regulation, have decent, stable economies right now, and solid relationships with China in the case you want to partner with a company there. But I've heard too many horror stories from entrepreneurs getting burned in China to want to put all my chips in that stack. |
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I had a girlfriend who was working at a Chinese media company five years ago, and her company said something unpleasant (true) things about an important company in the local province. The mayor called up the newspaper, and was pressuring them... it turned out alright in the end, but it was a minor headache.
If you're doing business somewhere where political influence plays in court, you should just factor that into the cost of doing business and take the mayor out to eat once in a while and do something nice for a local charity or university. The small time/money to be invested in that is still probably less than the costs of compliance in more regulated places (who also have corrupt laws, but the corruption is further upstream - see AirBNB... hotels don't pay off the judge, they pay off the governor).