China is viewed as a source of profits – and frustrationp

After China's admission into the WTO this year, and taking into account its economic growth rate of eight per cent a year, China has become a country with real potential for a venture firm willing to brave the administrative problems and widespread corruption, argues Beth Healy of the Boston Globe. There are still problems with entry into such a difficult market, not least of which is the formative capital markets which make the outlook for exit opportunities uncertain. But one or two US firms have opened Chinese offices, including IDG, Vertex Venture Holdings and KLM Capital Group.