ChinaBlogTweets Twitter Updates for 16-11-2014

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ChinaBlogTweets Twitter Updates for 09-11-2014

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Webinar: How to Avoid Business Risk in China

Related entries: Business Issues, Due Diligence, General, Jeremy Gordon, News, Risk & Law, Risky Business In China, Strategy

“Doing business in China involves a series of challenges and risks that international companies need to address carefully in order to achieve success in the market. Some may face bribery, business fraud, anti-trust investigations or procurement bans from government and state-owned enterprises. Thus re-evaluating your China risk exposure, and adjusting your business strategies in order to continue to benefit from the opportunities offered by the China market is crucial. A new book written by Jeremy Gordon Risky Business in China demonstrates how a strategic approach to risk management and due diligence can not only reduce business risk in China, but also provide excellent business intelligence to support negotiations and business relationships.

In this context, the EU SME Centre is hosting a webinar that will shed light on the new reality of China risk and provide a guide to avoiding the pitfalls of doing business in China for EU SMEs. This webinar will:

1. Introduce China context and challenges for EU SMEs
2. Analyse business risks with Chinese characteristics
3. Explain due diligence approaches & applications
4. Suggest due diligence toolkit & checklist
5. Present the new risk reality for EU SMEs in China”

(From the EU SME Centre Youtube video).

See below for a recording of the webinar:

Reviews of “Risky Business in China”

“At the heart of this book lies the contradiction between the reality that investing and operating in China is a risky business but that China is simply too big to ignore. Any business person would do well to read this excellent brief on the perils of dealing with China’s…business landscape.” Tim Clissold, author, Mr. China

“THE Book on China Risks: This is as fine a business book as you can find on China. Gordon…lays out the risks businesses face by doing business in China and with China, and then he very systematically discusses what you can do to reduce those risks. Though not written as a how to, the information is so good and so detailed in here, that it becomes one. I have put this book on my list of must-read books for anyone planning to get involved with China. Most importantly, it made for an absolutely riveting read.” Dan Harris of Harris Moure / China Law Blog

Order “Risky Business in China” on Amazon.

Risky Business in China

ChinaBlogTweets Twitter Updates for 02-11-2014

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ChinaBlogTweets Twitter Updates for 26-10-2014

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Business in China: Risks and Opportunities

Related entries: Announcements & Events, Business Issues, Due Diligence, General, Jeremy Gordon, News, Risky Business In China, Strategy

Risk in China needs more attention, and a more strategic response. This was a key message from “Risky Business in China” author (and China Business Services director) Jeremy Gordon, in a recent talk at London’s Chatham House:

“Current sentiment is that business risk is as high as it has ever been” (Risky Business in China).

“Why is there so much negativity? What can businesses do about it? My view is that rapid and fundamental changes to China’s political, economic and social environment have changed the nature of opportunities and risks for international business in China. There are certainly opportunities…But for many established players, it is the risks that grab the attention.

It is not all bad news – nothing in China is ever black and white – but the risks need to be managed. Businesses need to understand and adapt to the new reality of doing business in China – grasp the opportunities, but avoid getting burnt!”

For the full talk see the SlideShare and podcast links below.

The presentation can be seen here, alongside the audio here (and below).

SlideShare Presentation

Business in China: Risks and Opportunities (Chatham House talk) from Jeremy Gordon

Podcast of the full talk

ChinaBlogTweets Twitter Updates for 19-10-2014

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Webinar: How to Avoid Business Risk in China

Related entries: Announcements & Events, Business Issues, Due Diligence, General, Jeremy Gordon, Risk & Law, Risky Business In China, Strategy

An EU SME Centre Webinar, 28 October, 2014: How to Avoid Business Risk in China: A Guide to Due Diligence for EU SMEs.

Doing business in China involves a series of challenges and risks that international companies need to address carefully in order to achieve success in the market. Some may face bribery, business fraud, anti-trust investigations or procurement bans from government and state-owned enterprises. Thus re-evaluating your China risk exposure, and adjusting your business strategies in order to continue to benefit from the opportunities offered by the China market is crucial. A new book written by Jeremy Gordon, Risky Business in China, demonstrates how a strategic approach to risk management and due diligence can not only reduce business risk in China, but also provide excellent business intelligence to support negotiations and business relationships.

See more details here.

About the Speaker

Jeremy Gordon, Author of “Risky Business in China, a Guide to Due Diligence”.

Jeremy Gordon has worked with government departments, financial institutions and major corporates on strategy, risk and business development in China over the past 20 years. First in Hong Kong as an officer with Britain’s Brigade of Gurkhas, he gained China trade and investment experience with a diversified Hong Kong-based group, and went on to establish the consulting company China Business Services in 2002. His book, “Risky Business in China”, was published by Palgrave Macmillan in 2014.

“At the heart of this book lies the contradiction between the reality that investing and operating in China is a risky business but that China is simply too big to ignore. Any business person would do well to read this excellent brief on the perils of dealing with China’s vast and endlessly fascinating business landscape.”
Tim Clissold, author, Mr. China.

Jeremy Gordon has also been the Honorary Secretary and a Committee Member of the 48 Group Club, and a UK Trade and Investment Business Specialist for mainland China, Taiwan and Hong Kong. He is a Director of China Edge, a consultancy focused on Chinese consumers, and a Trustee of Mothers’ Bridge of Love, a charity that supports disadvantaged Chinese children.

Jeremy Gordon at China Edge

Event: Business in China – Risks and Opportunities

Related entries: Announcements & Events, General, Jeremy Gordon, Risk & Law, Risky Business In China

In light of China’s economic reforms and a high-profile anti-corruption campaign, the speaker (Jeremy Gordon, author of Risky Business in China) will argue that fundamental political, economic and social shifts have changed the nature of opportunities and risks for foreign businesses in China.

Event: Business in China – Risks and Opportunities
Date – 23 October, 2014
Location – Chatham House, London

See more at: http://www.chathamhouse.org/event/business-china-risks-and-opportunities.

Jeremy Gordon is a director of China Business Services and China Edge, and author of “Risky Business in China, a Guide to Due Diligence” (Palgrave, September 2014)

Risky Business in China

China’s Risk Reality

Related entries: Business Issues, Due Diligence, General, Jeremy Gordon, Risk & Law, Risky Business In China, Strategy

Things can change quickly in China, but the need to adapt is no longer just about maximising the market opportunity – it is also increasingly about managing risks. Recent, widely reported cases have covered Anti-Monopoly Law (AML) investigations into companies such as Qualcomm, Microsoft, Audi and Mercedes-Benz, as well as government procurement bans on foreign software, IT and consulting services. Aston Martin, KFC, McDonald’s and others have suffered supply chain failures, whilst companies such as GSK endured corporate scandals. Foreign executives have been detained and jailed, while other companies have fallen victim to more traditional accounting frauds. Caterpillar lost hundreds of millions of dollars in 2013 following its purchase of ERA Mining Machinery.

A wide range of risks clearly need to be taken into account when assessing the China business landscape, but much of the latest news has been focused on the AML investigations that have been launched into the activities of foreign companies. These investigations have prompted much discussion about the country’s (perhaps political) rule of law and “level” playing field. The European Chamber of Commerce in China recently issued a strong statement saying that it has “received numerous alarming anecdotal accounts from a number of sectors that administrative intimidation tactics are being used to impel companies to accept punishments and remedies without full hearings…the European business community is also increasingly considering the question of whether foreign companies are being disproportionately targeted in the investigations”…

(See the full post on LinkedIn)

The article is by Jeremy Gordon, a director of China Business Services and China Edge, and author of “Risky Business in China, a Guide to Due Diligence” (Palgrave, September 2014).

Jeremy will be speaking about business risk in China at Chatham House on 23 October.

This article originally appeared in the October 2014 edition of China-Britain Business Focus, the magazine of the China-Britain Business Council and the British Chamber of Commerce in China, and is part of a China risk series on LinkedIn.