CHINESE BUSINESS ETHICS | HOW TO DO BUSINESS IN CHINA PART 2

Practical Advice 2: Chinese business ethics and Chinese Cultural Belongings For the Chinese people, the two most important cultural elements to engage in a long term successful business contract are: 2.1. Face (Giving and Saving) Here, the first phenomenon Face refers to respecting and caring for the other person’s concerns while avoid putting that individual in any embarrassing or awkward position especially in front of all. Face giving and saving is not only … [Read more...]

HOW TO DO BUSINESS IN CHINA PART 1

Practical Advice on How to Do Business in China China is the new land of opportunities. It has risen quickly to the world business scenario with its marvelous strategy in the manufacturing segment. The strategy has yielded China with a leader position in the manufacturing paradigm. On the global business platform, China has very intelligently secured its place as the largest exporter so much so that half the things you are using in daily life may have written “Made in … [Read more...]

IMPORTING GOODS FROM CHINA WITH MAXIMUM PROFIT

Importing goods from China and selling online Importing goods from China and selling them on various online platforms can be the beginning of a very profitable business, and here’s why. The cost associated with importing items in bulk is far less than the cost of purchasing the same items individually. China holds the top spot in the variety of products available at low prices—everything from electric scooters to kids toys. This is why investors are working hard at figuring … [Read more...]

NEGOTIATIONS WITH SUPPLIERS AND SUPPLIER RELATIONS IN CHINA

Negotiations with suppliers   The mark of a Chinese sourced product is the combination of cost advantage and appreciable quality standards. But to make the most of a sourcing opportunity, you need to maintain a solid relationship with suppliers. Remember that Chinese business culture is different and that Chinese suppliers are integral to the success of your business. You will need to design a separate business strategy in order to conduct business and maximize you … [Read more...]

MANUFACTURING IN CHINA IS AN AWKWARD TASK

Manufacturing in China When outsourcing, cost advantage is the most important thing to evaluate. Breaking into the global market is easier than ever before. International traders want their goods made for the lowest price possible to maximize profits. Many global companies are looking to China for this very reason. But manufacturing in China is complicated, very complicated! Businesses love a solution that minimizes overhead production costs without sacrificing the quality of … [Read more...]

TIPS FOR PURCHASE OF BRANDED PRODUCTS FROM CHINA

Branded Products from China Traders succeeding in the business advise that it is possible to make profits trading with China, but that it is critical to make an informed decision before purchasing branded products from China. Otherwise, you can expect to experience serious losses. I generally advise my clients to not purchase any major brand products in China. Most of the Western brands are more expensive in China so buying from China isn't a feasible option … [Read more...]

CHINESE BUSINESS AND PARTNERING WITH CHINESE COUNTERPARTS

CHINESE BUSINESS TIPS Preparation is what can most affect the chances of success, most notably when China is where partnering groups happen to be from. A well informed feasibility study is very important to provide confidence in the planned project, especially since the market of China is predicted to have a large amount of future potential. What is expected from the project should correspond with a reasonable amount of time needed to meet the desired goals. A proper … [Read more...]

HOW TO PROTECT INTELLECTUAL PROPERTY RIGHTS IN CHINA

How to protect Intellectual Property Rights in China China is a huge unpredictable market with many companies competing for business. The temptation to infringe patents and intellectual property rights is intense and new products have to be legally protected to ensure successful sales. Intellectual property rights (IPR) refers to the legal establishment of rights to new products and inventions. This also includes artistic creations, logos and images which are part … [Read more...]

HOW PROFITS CAN BE INCREASED WHEN IMPORTING FROM CHINA

Importing from China and Miximising your Profits Someone who is knowledgeable about loopholes existing in the trade and internet reselling zones of China can bring improved profits on products that are highly sought after. Secrets on importing from China are being fervently investigated by investors hoping to gain a higher profit margin. It has become a profitable business to import numerous diverse products for the purpose of selling them on various products. … [Read more...]

EXPECT UNEXPECTED WHEN DEALING IN CHINA

DEALING IN CHINA! PLEASE HELP Here we go, we are talking again and again about communication and how you and your supplier understand each other. Let me emphasize again, China is a country of communication chaos and it is all up to your intercultural competence level to handle the ambiguity. When dealing in China do not rely on common-sense attribute. Remember you’re dealing in a Country when “Yes” means; yes-no-maybe-not sure-possible. It is crucial in the … [Read more...]