To WFOE or not to WFOE, that's the China question : can one go it alone in China?
|Authors||Vanhonacker, Wilfried R.|
|Summary||Equity joint ventures (EJVs) have been the dominant foreign direct investment mode to enter China. With the approval climate improving, the number of wholly foreign-owned enterprises (WFOEs) has been increasing in the last couple of years. This paper investigates in some depth the question of whether WFOEs are a realistic alternative to EJVs. The discussion focuses on strategic, legal, political, as well as operational issues and concerns.|
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