2. Emerging Markets: China. Long-term investment projects such as electrical power generation require a thorough understanding of all attributes of doing business in that country, including import/export restrictions, labor relations, supplier financing, tax rules, depreciation schedules, currency properties and restrictions, sources of short-term and long-term debt, to name a few. China is currently the focus of investment and market penetration strategies of multinational firms worldwide. Using the Web (you might start with the following Web sites), build a database on doing business in China, and prepare an update of many of the factors such as average receiv- ables outstanding and currency convertibility dis- cussed in this chapter. Ministry of Foreign Trade and Economic Cooperation, PRC http://www.chinamarket.com.cn/ China Investment Trust & Investment Corporation http://www.citic.com/

ChinaNet Investment Pages http://www.business-china.com/invest