Business in China

China's new entrepreneurial class is growing -- and companies like McDonald's and KFC are vying to pick the best and brightest for their franchises. In preparation for entering the World Trade Organization, China is adopting standardized franchise regulations. Now that China seems to be adopting the rule of law, all sorts of good and entirely predictable things are happening on the trade front. Among them: Western companies are no longer afraid they will lose their …

…is a strange phenomenon that is more than hundreds of factories producing the same products, and the style and techniques are similar. They became the competitors each other. That is bad condition for small business growing up. Fortunately, Chinese government care intellectual property rights more than before. So more and more foreign company are likely to invest in China, like some Franchises Corporation. Otherwise, Chinese entrepreneurs are rewarded for innovation and industriousness and calculated risk.