China's acceptance to WTO has created abundant business opportunities for world community. A better understanding of current Information System (IS) management practices in China would be very beneficial for both Chinese firms and overseas businesses to improve their IS management and identify new business opportunities in China. This paper reports a survey of Chinese managers on their perceptions of key IS management issues. The study found that in general Chinese IT/IS managers' perceptions on most IS issues are lagging behind those of American counterparts, indicating a huge potential market for overseas' IT/IS management expertise. On the other hand, Chinese managers are catching up very quickly on some recent issues such as business telecommunication and wireless technologies. The study also identified different perceptions on IS issues among industries and geographical regions.