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Posted in Community :

Doing business in china

 
Started by : Sameer Joshi, Project Manager, ADP   09 08 2008 20:05:07 +0000
Industry : Technology ConsultingFunctional Area : China(Markets)
Keywords : Business In China
Activity:  9 views;  last activity : 07 06 2010 20:18:09 +0000

It is not surprising at all when many foreign investors complained when they do business in China. Many wondered why their years of experience in the business world could not be applied in China immediately. Lets see how China is different from other parts of the globe

 
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1 Learn how to handle Guangxi (relationship)
2 How to prevail over competition

Learn how to handle Guangxi (relationship)

idea posted by Sameer Joshi Project Manager, ADP
In China, Guangxi (relationship) is a complicated field. Establishing relationship with others does not mainly deal with achieving own self-interests or personal goals. A special feature of doing business in China will be that Guangxi (relationship) in China will have to include relationship with the government body, investors, partners and even relationship with your own staff. China government plays a large role in administrating the investment in China. This is because  as you would know being a socialist state; the economy is still largely controlled and managed by the government, so when doing business in China, it is important for foreign investors to learn to coordinate with the China government.
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How to prevail over competition

idea posted by Krishnan M R Team Lead, Infosys
China, at the moment, can be said to be a big, open market, and the ability to prevail over competition is a very important issue today. Investors should fully realize and maximize one's advantages. Some investors are afraid that the China’s imitation products will hurt the sale of their products. Even though this symptom is worrying, however in a free and competitive market, it will always be one that has the superior quality that will not be afraid of competition and will prevail eventually. China market is constantly undergoing standardization, and the China government has vowed to protect the quality of the market.
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