AS always good thoughts Dave..
As you are probably aware Dave as are most business practitioners there are difference in cross-cultural attitudes and values…they differ significantly when dealing with the contract law..
To the Chinese they will generally see a contract as simply a statement of intent.. they will do their best to honour the commitment if they really feel bound by it… But if there is a is a conflict as to ‘which road to follow’ it will be State, family… And then the parties to the contract that will prevail.
Often the Chinese will find grounds and justify their action if they feel cheated, legally trapped or the market conditions suddenly changed and therefore the terms the contract require negotiations to meet the current ecosystem..
Just a different perspective from the Judeo Christian values of the West… Not wrong… Just a different perspective. Business 101. Tpower