The three biggest Chinese business scams that target foreign firms

Just in time for the holidays, the China Law Blog (previously) rounds up the three most common scams in China that target foreign firms: "Come to China and celebrate our deal" (foreign business person concludes a deal, goes to China, and is roped into paying for a banquet, gifts for the Chinese company boss, and filing fees -- there is no deal); "New bank account" (foreign business is told that an existing supplier has changed banks, wires payments to a fraudster); "Fake company" (a fraudster offers to register copyrights/trademarks/patents in China and just disappears with the cash -- or strings along the mark for ever-larger sums, concluding with fake evidence of registration that leaves the target company vulnerable to future counterfeiting). Read the rest