You can’t seem to turn around these days without hearing about China. Certainly much of the talk is justified. Growth rates are high and there is no ignoring the size of the populations.
Although the culture is much different than that of the U.S., people are people. And, where there are people there are hard-to-collect debts.
A few things about collecting debt in China:
- Actual collection within China must be done by a law firm.
- There are time-sensitive issues with debt collections, so don’t delay
- It’s best to have a partner local to the area.
Here are some good resources to help guide you in your debt collection efforts and doing business in China:
Good luck.