In order to be successful in doing business in China, one needs to realize the importance of Guanxi (relationship). Guanxi (relationship) plays a huge role in determining the success or failure of your business. Establishment of a strong Guanxi (relationship) can truly aid you in your business and increases your chances of being successfully in China.
Prospect of Chinas future economy growth
China will become the worlds safest and largest investment economy in times to come given the following factors: huge market potential, rich labour resources, comparative advantage in labour cost, sound corporate governance and stable government and society. All these factors will further attract the inflow of foreign capital into China. In short, Chinas economy will grow even faster in the future.
How to do business in China
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. Therefore adopting the correct approach and understanding the Chinas business culture is vital in order to be successful in doing business in China.
How to export to China
There are mainly 3 ways foreign investors can adopt to export their goods in China mainly 1) direct distribution of goods into China, 2) establishment of a joint venture and lastly 3) acquiring a qualified agent or distributor with a vast sales network.
Analysis of the success and failure of doing business in China
Why some foreign-funded enterprise became successful when entering the China market while others fail, and why some grow relatively faster than the rest? Reasons to explain all these are complex and varied. The following points hope to answer some of the doubts and create some awareness in foreign investors before investing in China.
5 tips to invest and do business in China
To many, investing in China can be quite a headache as not many people can understand Chinas culture and business practices. It is true that in order to be successful in China, one will have to truly understand Chinas distinct and unique culture. The following few pointers hope to provide some assistance to investors who are interested in entering Chinas market.