China’s entry into the World Trade Organization (WTO) in 2001 was seen by investors who were used to fair play and the relative ease of investing money in the Western Hemisphere as an opportunity that could make them thousands or even millions of dollars in the long term.
Many investors faced pitfalls, as they, in their exuberance to find a new venue for their investment money, had not studied the market and were faced with pitfalls, impediments, and complications not experienced in any other markets worldwide.
“Lack of knowledge of the Chinese laws and administrative regulations, and the cultural difference between China and Western countries as well as the language barriers will increase the challenge faced by foreign companies and investors,” according to an entry on the PRLog website, a press release distribution service.
