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Technically insolvent, inefficient and prone to government interference, China’s largest banks are ill prepared to compete in a more competitive market post-WTO. But foreign banks will not have it all their own way.

Recently introduced regulations on import and export contracts bring important changes to the technology licensing regime in China.

With Beijing fast becoming more sophisticated on its transfer pricing enforcement, multinationals should add China to their list of countries that require careful and constant monitoring in relation to this issue.

Helped by an intensive marketing campaign, the German automaker Audi has shed its image as a supplier of sedans for China’s senior leaders to become the premium domestic car for successful individuals.

Multinationals in China are beginning to appreciate that social responsibility means more than just writing the occasional cheque to a good cause, argues Nick Young.