Doing Business in China For Dummies

Doing Business in China For Dummies

Robert Collins, Carson Block

Language: English

Pages: 386

ISBN: B00DU7DOIU

Format: PDF / Kindle (mobi) / ePub


Navigate China's business culture and etiquette

The fun and easy way to grow your business in China

This authoritative, friendly guide covers all the basics, from the nuts and bolts of Chinese business and bureaucracy to negotiating with your Chinese partners. You'll also get the know-how you need to manage day to day, from travel tips and advice on converting money to getting past language barriers.

Discover how to:
* Understand Chinese markets
* Develop a strong business plan
* Find the right employees
* Work with currency controls and the Chinese banking system
* Sell and source in China

Explanations in plain English
* "Get in, get out" information
* Icons and other navigational aids
* Tear-out cheat sheet
* Top ten lists
* A dash of humor and fun

 

 

 

 

 

 

 

 

 

 

 

 

 

................................................................314 Balancing an out-of-balance sheet ...................................................314 Exposing shadow businesses ...........................................................315 Practicing common-sense controls..................................................315 Supporting controls through company culture..............................316 Limiting Your Legal Risks

cities in search of jobs. With such a large number of people on the move, it’s not surprising that crime is on the rise. Many people are out of work as China’s “iron rice bowl” (employment and benefits guaranteed by the government) no longer applies, and desperation can move some people to illegal actions. 93 94 Part II: Starting Up in China Take the usual precautions while in China. The best advice is to be alert at all times. Here are some other tips: ߜ Try to keep only a minimum amount of

members, going to war over exactly how much equity you’ll have usually isn’t worth the effort. As we discuss in Chapter 7, by law certain critical decisions need unanimous board approval. Banqueting as part of the deal making The Chinese use entertaining as part of relationship building. It’s really part of the negotiating game, too. On one hand, they’re trying to soften you up by being extremely gracious hosts during the elaborate Chinese banquets. They’re also sizing you up, trying to see who

After you receive your pre-approval, you begin the major part of your application by going to MOFCOM (or COFTEC). You give MOFCOM your wholly foreign-owned enterprise (WFOE) or joint venture (JV) application packet. This packet consists of a number of items, including 133 134 Part II: Starting Up in China • Information on your directors, shareholders, and finances • A feasibility study • The Articles of Association, or AOA (see the next section) Much of the packet must be in Chinese. Your

what you’re thinking. ߜ Don’t be overly apologetic (or apologetic at all) for giving them an assignment that’s unpleasant. ߜ Speak sternly when the need arises (do so privately in most cases). ߜ Have employees come to your office most of the time instead of going to their desks or offices to speak. 173 174 Part II: Starting Up in China Creating the boss aura doesn’t mean discouraging employees from publicly stating opinions that differ from yours. Always encourage them to speak out, even if

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