My Life in China - Starting a business in China?

For a foreigner it might be tempting to open up a business here in China, with its economical power ever increasing. Myself, I have thought about several business ideas that might have worked here but I don't think I have the business sense (or courage) to start something. This article didn't inspire me to do so either:
http://di.se/Default.aspx?pid=229764__ArticlePageProvider&epslanguage=sv

I'm not saying it is a bad idea to start a company here in China, but I do think it's a bit more complicated than in Sweden. The Chinese like to keep track of how money moves and doing a simple international transaction usually takes a 2 hour visit to the bank just to go through all the paper work. And that's with small amounts and for individuals, imagine what it is like for big companies.