Foreign-invested partnerships (FIP) are seen to be essential for China to attract foreign management expertise as well as advanced technologies. They are part of China’s overall economic strategy of moving from low productivity, low value manufacturing into high productivity, high value wealth creation.
The focus of the new FIP legislation is not primarily on foreign capital since this can be provided from within China now after three decades of foreign capital inflow. But rather it also seems to provide young creative entrepreneurs with a platform to develop their ideas supported by domestic as well foreign partners.
Some recent major changes in China include:
For more information about the Foreign-Invested Partnership Company, please contact Dezan Shira & Associates' China FDI experts.