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China’s consumer market and its increasingly sophisticated taste is a tempting prospect for many foreign retailers. Despite a shortage of shop space, problems of distribution, questions over money supply and prohibitive import restrictions, foreign companies are still succeeding in reaching the mass of Chinese buyers.

Although there is much still to be done, there are signs that Vice-Premier Zhu Rongji’s economic reforms are beginning to have a positive effect, says consultant Batey Burn.

China has announced its intention to launch two new state banks next year,

CITIC Pacific, the Hong Kong-listed arm of the China International Trust and Investment Corporation,

The recovery of debts is often fraught with difficulties, but the Chinese government is gradually introducing a system of courtroom arbitration that will at least be familiar to Western plaintiffs. Arbitration experts Lovell White Durrant offer a guide to the system.