China is more efficient and open than it has ever been, but the government still has a heavy hand in the market. No analysis of China’s financial markets is realistic unless it accounts for distortion in favor of government policies and goals. Distorting effects of Chinese business culture and intense government involvement in the market are facts of business life in China. Mr. Kurtz discusses key issues that every entrepreneur, company and portfolio investor should consider in order to succeed in China’s fast-paced and highly competitive financial markets. It takes different qualities for companies or investors to succeed in China in different industries. There is an increasing need for investors and corporate players to be culturally aware if they want to come to China. Management has to be able to design products and services tailored to the Chinese consumer and market. The portfolio investor must be aware of the government goals and policies at the local and national level because regulatory issues could dramatically affect entire sectors.