… Why China is a Problem [#legitimacy]…
Posted by paulfromwloh on Wednesday,January 18th,2017
.. it is still that simple — China is a totalitarian nation , one that is run by the Communist Party . It is a central fact that cannot be ignored ..
.. anyone who does business of any kind in the P.R.C. has to understand that . There is no effective ” rule of law ” in China . To protect one ‘ s rights , one has to negotiate contracts very , very carefully . To wit , you have to make sure that your rights are protected by a third party [arbitration] , or by the courts of athird party nation , such as the U.S. , Britain , OR Australia , for example ..
.. so , what do you do ? Move very carefully is one way to handle it . Another is to not do business in the P.R.C. at all . The latter is the course that I would choose ..