It’s Time for Entrepreneurs to Expand to China — This Strategy Is the Smartest Choice

December 26, 2024

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China continues to show strong growth into 2025, beating forecasts. The manufacturing, export and tech sectors are surging ahead, making now an excellent time for international businesses looking to expand into China.

The two most popular expansion vehicles in 2024 are the Wholly Foreign-Owned Enterprise (WFOE) and the Joint Venture. Since the 1980s, joint ventures have been the most popular way for foreign companies to enter China, whether they want to or not.

In this article, I want to explain why a WFOE is increasingly becoming the sensible expansion option.

Why expand with a Wholly

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