China Squeezes Foreigners For Share of Global Riches

In order to access the Chinese market, many foreign companies are pursuing partnerships with Chinese companies. According to Raymond Tsang, a China-based partner at Bain & Company, "Foreign partners are seeing they will have to sometimes sacrifice or share the benefits of the global market with the Chinese partner. Some of the [multinational corporations] are complaining. But given the changing market conditions, if you don't do it, your competitors will."