Doing Business in China For Dummies

Doing Business in China For Dummies

Robert Collins, Carson Block

Language: English

Pages: 386


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

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decisions. The best information and advice in China comes from people who’ve done what you’re trying to do — especially if they’re only a little further along than you are. Put your feet on the ground just to do some networking. Take people out to lunch and pick their brains. Then start thinking about making some decisions. The more slowly you go and the more patient you are, the more information you’ll collect and the better your chances of success. See the following section titled “Taking the

does so too quickly, China’s economic growth may slow a good deal. On the other hand, if China appreciates the RMB too slowly, some of China’s trading partners (particularly the U.S.) may take protectionist measures, which would also hurt China’s economy. ߜ Although China marches down the path toward a socialist market economy, little political reform is going on in the country. ߜ China’s environmental problems continue to worsen, despite the fact that the central government leaders call the

than carefully checking your bills, you can do little about it. If you do get a bogus note, you can do what most people do: Just try to pass it off on somebody else later (doing this in dark places is easiest)! Don’t exchange money on the street, at tourist destinations, or anywhere else. Exchanging currency at unauthorized places in China is against the law. The rates of exchange will likely not be in your favor, and you may wind up with counterfeit money. Fake or counterfeit goods are also a

In those situations, foreigners would’ve done well to be similarly reserved. However, like many cultural rules, this provision was a bit more relaxed for foreigners. Today, Chinese negotiators commonly make a show — at least one time — of losing their tempers. This idea is particularly true when you’re dealing with the owner of a private company. If the Chinese side shows anger, the chances are that it’s as much for theatrical value as anything else. The key is to keep your composure. Don’t worry

former employee is in a different city shouldn’t matter. 159 160 Part II: Starting Up in China The national law specifies that non-competes may be no longer than three years (one version of the draft law would shorten that to two), but some locales have laws that allow for longer non-competes. Many arbitration panels and courts will look at whether a non-compete is reasonable under the circumstances. If you take action against a former employee for breaching a non-competition clause, you have

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