Explain some of the forman and informal business rules in China

Introduction There are different business rules in different countries, same as China. As usual, business rule was divided into formal rules and informal rules. In the essay, I will try to explain some of the formal and informal business rules in China. Formal Rules Formal rules refer to the rules made by laws or government regulations, according to which firms must do or cannot do in doing business. More importantly, government often plays an important …

…rules. All in all, informal rules should be obeyed while it is in line with the formal rules. When there is a confliction between the informal rules and formal rules, you have to listen to the formal rules firstly or you will break the laws thus make troubles for yourself. The better you understand of the formal rules and informal rules of China, the more profits you can obtain when you doing business in China.