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Re:VC from Asia is skyrocketing by seanmcdirmid on Friday April 13, 2018 @12:00PM (#16831236)
Laws in China are not as relevant as enforcement. Enforcement is completely contextual, if they don’t like what you are doing they’ll get you on something, so as a foreign company you have to tread much more carefully when operating in China than a Chinese company.

The legal framework in China simply isn’t very developed, that doesn’t mean you can get away with whatever you want, quite the contrary, it means you never know when the government will come down on you for violating some unwritten rule.

Re:VC from Asia is skyrocketing by abhiminator on Friday April 13, 2018 @12:06PM (#16831298)
> quite the contrary, it means you never know when the government will come down on you for violating some unwritten rule.

Isn't bribing your way out of "violations" common in China?

Re:VC from Asia is skyrocketing by seanmcdirmid on Friday April 13, 2018 @01:17PM (#16831961)
Not really. You at least have to build up your guanxi before the violations occur (or brought up as a problem), once it happens, it’s too late. At anyrate, the FCPA has to be followed by American citizens as well as companies (other western companies have similar acts), so it isn’t really an option.

My point is, unless you are Chinese working for a Chinese company, don’t try to be edgy in China, follow both written and unwritten rules. Foreigners are great chickens to kill to scare the monkeys, as the Chinese idiom goes.

Re:VC from Asia is skyrocketing by lazerpants on Friday April 13, 2018 @02:16PM (#16832519)
Meh, I often saw people ignore FCPA or find ways around it when I worked in China. Really, having your 51% JV partner be someone well connected with the Party was pretty much a guarantee of success. Granted, this was a decade or so ago.