Introduction
There are different business rules in different countries, same as China. As usual, business rule was divided into formal rules and informal rules. In the essay, I will try to explain some of the formal and informal business rules in China.
Formal Rules
Formal rules refer to the rules made by laws or government regulations, according to which firms must do or cannot do in doing business. More importantly, government often plays an important role in formulating formal rules. In China, different government carries out completely different formal rules in different times. …
