Question: Bill Moss and several other small bu: joined a trade mission to China to ex opportunities there. The group learned population of 1.3 billion and is the export market for small and medium-Average annual income for farmers k mately $413 per person; typical urba $1,322, with an average of $3,442 prosperous cities like Shanghai. In al Chinese software market grows by 31 number of Internet users quadruples the demand for management consult creasing especially information tech: Members of the group were surprise(of people who had cell phones and n Internet, especially in large urban ten Shanghai, and Guangzhou. On the doe that counterfeit goods (from clothing ( to software and CDs) were readily ava of the cost of legitimate merchandise chants expressed an interest in doing vendors with whom they had establish sines owners plore market op-hat China has a rd-fastest-growing sized U.S. firms. China is approx.-n Income is about year in more y given year, the percent and the Furthermore, ng services is in-neology consulting. by the number gladly surfed the errs such as Beijing, inside, they found leather goods label at a fraction and that local mere-business only with end relationships.
Question 1: What types of business China? Why?
Question 2: What are the challenge and risks to associated with doing business in China?
Question 3: What steps should Moss take to address these challenges and risks in order to increase his chance of success in the market?