answersLogoWhite

0

because China is communist and not a free market system

User Avatar

Wiki User

17y ago

What else can I help you with?

Related Questions

Are there mountains in western China?

yes there are mountains in western china


How many small businesses fail within two years?

The reason most small businesses fail within two years is that they are under capitalized.


What percentage of small businesses fail within the first 5 years?

Roughly 50 of small businesses fail within the first 5 years.


What is China's climate?

hot in the southern of china but cold in the western of china


How did ancient China fail?

they died


What is a very large desert in western China?

The Taklamakan Desert is in western China.


What skill western businesses learn to have successful business in china?

Western businesses often learn the importance of building strong relationships and trust, known as "guanxi," when operating in China. They also adapt to the local market by understanding cultural nuances and consumer preferences, which can differ significantly from Western norms. Additionally, flexibility and patience are crucial, as navigating the regulatory landscape and negotiating practices can be complex. Lastly, investing in local talent and management can enhance their success in the Chinese market.


Is China in the Western or Eastern Hemisphere?

western hemisphere


What percentage of new businesses fail in the first year?

50%


What percentage of of new businesses fail the first year?

50%


How many businesses fail in the first 3 years?

Eight out of every ten new businesses fail in the three years. This is for a variety of reasons most often a lack of planning for cash flow.


Is china in the western culture?

No. China is an Asian culture .