The Opening Up and economic reform policies adopted by China over thirty years ago ushered in such an era of unprecedented economic growth that today China’s economy ranks as the second largest in the world. Since the opening up process began, China’s GDP has grown over 1000 percent, and the economy continues to average 10% growth per year. China is the world’s single largest exporter and second largest importer. Poverty is declining and a new middle class is emerging.
Recognizing the opportunity posed by China, hundreds of thousands of foreign companies, large and small, have entered China.
And tens of thousands of them, large and small, have failed.
The reasons for failure are manifold—bad product, bad management, bad marketing, bad advice, bad partner selection, bad contracts, bad government relations, bad responses to shifting market needs, unrealistic expectations—the list goes on and on.
Often the failure is not in product or service quality, but in a failure to adapt to local needs and customs. Our record of assisting companies in distress has proven that we have the right combination of experience, background and business savvy to help foreign-owned Chinese enterprises either right their ship or divest with maximum value.
IPO Pang has helped many foreign enterprises weather their Chinese storms, and we can help you too. We welcome you to contact IPO Pang about your situation, our services, and your options.