Cash Management: Negotiating China Part I

WTO entry may not be the miracle needed to revolutionize treasury operations in China, but companies are benefiting from gradual improvements in the system. Part I of a two-part feature.

While treasurers around the region fit storm windows to their companies in preparation for the impact of world conflict, those running foreign companies in China seem a lot less pessimistic these days. Probably because they have been fighting their own localized war for the past decade a battle to make profits in a country where poor infrastructure, bureaucratic roadblocks and a healthy dash of xenophobia make corporate life a daily chore.

Two and half years ago when I visited clients...

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