renmenbi | Business

There are many myths about China and how things work there, mostly misleading. Some exaggerate the negative aspects, while others do the opposite. One of the most prevalent myths, and one of the easiest ones to mistakenly believe...

Articles

Guanxi Opens Doors

Online dictionaries define ‘Guanxi’ as the basic dynamic in personalized networks of influence. Somehow this Chinese pinyin Romanization is far more complicated than “networking” or “relationships”. Although many Westerners find themselves confused by Guanxi and the role it plays in Chinese business, it has been widely acknowledged that one can hardly get things easily done without understanding this unique feature of the nation who have lived here for over five thousand years.

The importance of adapting to the Chinese Market

Selling to Chinese consumers is very different from selling to consumers in any other country. Unique local traditions and cultural values have a strong influence on the behaviour, thoughts, and buying habits of local consumers.

Local Manufacturing or Outsourcing?

China is now a member nation of the World Trade Organization, and its regulatory standards have changed considerably in thirty years. These new regulations tend to favor, for the first time, Wholly Owned Foreign Enterprises over joint ventures.

How To Choose The Best Investment Location In China

China first opened its doors to foreign investment in the 1980s with the establishment of the first Special Economic Zones in Shenzhen, Zhuhai, Shantou and Xiamen. Since then many other SEZs have been opened, and a number of other designations have been created to encourage different types of investment.

When in China, Do as the Chinese Do

“Ru xiang sui su” (入乡随俗) is an ancient Chinese saying that means, “When in a village follow the locals.” More appropriately, the equivalent saying in English might be “When in China, do as the Chinese.” This is just generally good advice for travellers, but it is particularly important for business travellers and international businessmen.

Giving Gifts in Business Environment

No one can predict what will happen during the operation of a business, so crisis preparation is quite important. Chinese business professionals use many of the same techniques Westerners do...

Effective Ways To Cultivate Guanxi

Maintaining good guanxi is essential in China because successful business depends on it. The concept of guanxi can be loosely translated as connection or relationship.

Chinese Business Etiquette: More than Formalities

Navigating the world of business relations in China requires a nuanced understanding of Chinese values and history. In this article, we will explore how this understanding ...

Chinese Business Values You Need To Know
The key question that every company interested in China asks is: How do we establish and maintain a branch office in the People’s Republic of China?

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