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The decision for ETrade to expand into China is a crucial and challenging process There are many factors to be calculated into the decision in order for ETrade and China to benefit from it ETrade has proven for over a decade that it is extremely successful and has been tremendously valued by its users It has done so by not only being an entrepreneur in the United States creating the most affluent online banking system but it has also done so by expanding into many countries around the world Japan Germany Sweden the UK Australia Denmark and Canada and even Hong Kong are benefiting from ETrades sophisticated and convenient service which has all taken place within just over ten years The major question now is whether or not they should expand into main land China since by doing so they face major risks and very large hurdles Since 1992 China has been taking very large steps in the effort to encourage foreign investment from other countries With this amendment to their political system China has been able to flourish into one of the fastest growing economies in the world and currently is the fastest growing economy in East Asian countries Chinas high-tech industry is also growing rapidly They are in the process of transforming from an agricultural society to a much more industrialized society In doing so ETrade will have to enter into the adoption of a high-tech industry in China immediately in order to gain advantages over competition flirting with the idea of entering China With the increase of a global economy China has been forced to change their legal policies towards favoring foreign investment and issue new laws to attract economic development In doing so they have completely revised their patent laws and are in the process of amending their trademark and copyright laws in scope of attracting and protecting any potential foreign
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