Adapting to Local Policies

Xiao Huang: DOORM, what challenges might Chinese overseas enterprises face in adapting to local policies? How can they learn from the experiences of Japanese companies to address these challenges?

DOORM: Chinese overseas enterprises might face various challenges in adapting to local policies, including differences in industrial policies and environmental regulations. Each country has its unique laws and systems, requiring companies to be highly flexible and adaptable. Japanese companies have valuable experiences in this area; they typically conduct thorough research on local policies, hire local legal advisors, and maintain good communication with the government. Chinese companies can adopt similar strategies by understanding and adapting to the local policy environment in advance, ensuring compliance, and thereby reducing policy risks.