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China is currently the world's most potential market for consumer goods. Its average annual GDP growth rate of nearly 10 percent for the last 10 years is the strongest among other major economies around the world. This is mainly due to the increase in manufacturing investment from foreign companies over the years because China is full of resources and cheap labor.
With joint ventures, foreign companies were able enter China's market easier. It really helps to have a local partner that is already familiar with the market and know the laws of doing business in China. Also, with a joint venture, it is much less capital intensive since the local partner will be contributing to the business.
Compared with other nations, China's taxation rate is not so high because of the developing country situation. The potential of the Chinese market plus the mild taxation system can be seen as an alluring factor to attract many overseas investors put more money in this goldmine to take back the......

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Approximate Word Count: 414
Approximate Pages: 2 (250 words per double-spaced page)

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