Article at a glance:
The stability of China's banking system, intellectual-property protection, and the country's trade commitments are top-of-mind issues for senior managers of multinationals operating in China. In this broad-ranging overview, McKinsey offers a perspective on the issues most important to foreign businesses already there, contemplating expansion, or considering whether to jump in for the first time.
The take-away
Banks in China, especially in the commercial sector, are in better shape than many people believe them to be, despite concerns about the amount of bad debt many are carrying. As for trade, China takes its commitments to the World Trade Organization very seriously, and though regulatory and other barriers to foreign investment persist in some sectors, they are coming down quickly in others.