How do you plan setting up business in People's Republic of China and avoid failure under the current business environment Joint Venture or Wholly-owned?

How do you plan setting up business in People's Republic of China and avoid failure under the current business environment Joint Venture or Wholly-owned?
How do you plan setting up business in People's Republic of China and avoid failure under the current business environment Joint Venture or Wholly-owned?"
One of the most important steps is conducting due diligence before setting up your own operation in China. Due diligence and Business Planning should include studies on government policy and regulations; certification and quality requirements; selection of proper business partners; understanding labor and employment laws; review of financial and taxation system; selection of business location; warehousing and logistics! If possible, avoid JV.