China’s market – sensible people acting insensibly
"The allure of a China where one sells one of something to every person in the country can make otherwise sensible people act insensibly."
Grant Newsham is a Risk Mitigation Advisor and the CEO of its affiliated, "3rd Rail," non-profit organization published this piece in Asia Times. Mr. Newsham addresses the brutal realities facing U.S. businesses operating in China along with the often naive approach, lacking even minimal common sense, that many U.S. operations fall into. For those companies or investors, the "allure" of doing business in China overrides business risks that would be absolutely unacceptable elsewhere: unenforceable contracts, unfair trade practices, elusive property rights, strongarming and theft of technology and intellectual property,... for starters.