A market that none would risk to miss, although not all products may enjoy the competitiveness and popularity.
At the entry, one would wonder how to progress? Click to read more
A market that assembles the most competitive work force and ever-growing skills, although not all steps are fully secured. At the distance, one would wonder how to manage? Click to read more
A market that one might like to be in, although not all barriers have been lifted. After A-Z textbook, one would wonder how to start? Click to read more
The Market
Ancient ¡°Yi¡± Jing characterizes 3 principles of wisdom based on more than 3,000 years¡¯ Chinese practice and observations: Simplicity, Variability, Immutability. And these may well be applied to the Market. Click to read more
By the nature of your counterparts, you may come across a variety of originals and/or their cross-breeds, Chinese private enterprises, State-Owned enterprises, foreign invested enterprises, multi-nationals in China, and inevitably, government authorities (either central or regional).
Most of business entities are registered as limited companies, except for the cases of many sorts of government institutes. But not all business entities are in the legal status to contract directly with foreign companies. Import / Export Business Licenses are required for Chinese companies to clear the customs and to open foreign exchange bank accounts. Do check not only the counterparts' Business License as well as its Import / Export Business License. Import / Export Business Licenses are more widely held by companies, and even without one, the most favoured Chinese company may still be in connection with another Chinese trading company with such a license to fulfill the deal.
Many of government institutes, central or regional, are directly involved with business, mostly through their parallel business arms, i.e., a registered limited company, which are usually fully government owned.
The variety of the business natures of Chinese counterparts will largely be reflected by their Decision Making processes and Management system and levels, which are often found puzzling or even frustrating by foreign parties. Hence enquirying and understanding through the discussions with your Chinese counterparts for finding out the background and determining efficient steps forward are useful.
In general, private enterprises and foreign invested enterprises are more business oriented, and decision making processes are much more efficient, although there is often a big gap in between the two categories in terms of management systems and skills. Nevertheless, it is worthwhile to understand the existence of the others.