Video from McKinsey Quarterly: What's Holding China Back?

Long Yongtu discusses in this video several of the factors that have prevented China from expanding its own businesses abroad. Several keys points include: unfamiliarity with rule of law and Western legal norms, mores, and standards, transparency issues--traditional Chinese society has been based almost exclusively on guanxi and lack of transparency, and the tendency for Chinese to stick together and not integrate themselves into different cultures (the example given is the plethora of Chinatowns one finds abroad).