It is reported that China's moves to expand foreign companies' investment options will accelerate the upgrade of the country's economic structure and encourage many domestic businesses to deepen reform and break their monopoly operation.
Lyle Charles Laxton, CEO of South Africa-based Laxton Group, moved the company's technology and production headquarters to Guangzhou in South China's Guangdong province.
The South African entrepreneur made the decision because it was clear the Chinese government was opening the market and making it easier for global companies to invest and establish businesses in China.
"The opportunities in China are endless and the market is exceptionally large," Laxton said. "It is possible to be very successful in China. But patience is required to understand the nuances of the environment and market.
"The legal framework and judicial system is fair and actually works," he added. "In general, it has protected us when we required protection, which is encouraging for any foreign investor."
Founded in 2004 in Johannesburg, Laxton moved its technology and production headquarters to Guangzhou in 2009, where its factory has 200 permanent employees.
The multinational group specializes in manufacturing self-service kiosk terminals for governments and corporations.
Last year, the company obtained a high-tech firm certificate from the Guangdong provincial government. (Source: Xinhua News)
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