The Background of Chinese Company
Main Trading Partners
China has trade surpluses with the U S, the European Union, and Hong Kong, but has deficits with Taiwan, Korea, Japan, and Singapore.
Top Exports and Imports
China is a important exporter of high-tech products, electrical gear and electronics as well as of textiles, fabrics and connected goods.
China’s major imports contain electrical merchandise, integrated circuits, micro- electronics, and crude oil.
Background of Chinese Business
Following twenty years of negotiations, on 11 December 2001, China officially joined the WTO. China’s accession to the WTO bears much importance for the development of nation’s economy along with the future of global trade. Several industries which had been previously restricted to domestic enterprises are now open to foreign traders; these industries vary from banking, telecommunications, distribution, development, engineering, and insurance coverage, to specialist solutions, such as legal, accounting, and architectural services. The former restrictions on domestic revenue by foreign-owned manufacturing companies happen to be lifted.
Working in China, a Culture Clash
Nowadays more and more Americans visit mainland China to consider jobs, more Chinese and Americans are operating side by side. These cross-cultural partnerships, while helpful in many methods, are also highlighting tensions that expose variations in work experience, pay levels and communication.
Culture Problems in China Business
The Chinese-born founder of a well-known technology firm made a distinction between Western and Chinese business cultures not too long ago. He said, in the West, the concentration was on "covering your ass"; risk and liability are top of mind and Western firms take a lot employing lawyers and designing contracts to regulate hazards. In China, it was all about "giving face"; obtaining your counterparty on your side in order to avoid confrontation and lawsuits. He made it clear that he regarded the Chinese culture as inherently superior.
Chinese Business Culture
Foreigners absolutely can do business with Chinese folks, irrespective of the negotiations are on a big scale or smaller sized scale. The essential component to become considered ahead of trying to do business in China is to have as comprehensive an knowing of the Chinese means of taking a look at organization. Otherwise, you can count on less cooperation than you had hoped for.
Acceptable public conduct .
Entertaining for business success.
Selecting and presenting an appropriate business gift.
The dress for a business meeting in China is conservative - a dark colored, unadorned suit and tie are customary for men. Women should wear conservative suits or dresses; a blouse or other kind of top should have a high neckline.
First name on China
Addressing others with respect , use title such as "Director Wang" or "Chairman Li" or address a person using family name only, such as Mr. Chen or Ms. Hsu.