shanzhai

Innovation in China: The Art of Shanzhai

Much can be said about China’s infamous copy-and-paste culture; large amounts of fake watches, phones, cars and thousands of other knockoffs are being sold on the streets every day. As a result, many foreign companies fear having their products copied when entering the Chinese market, but are they really being copied or are they being…

Go west

Selling in China’s second- and third-tier cities

China’s 2nd and 3rd tier cities offer both domestic and foreign companies a relatively untapped potential to increase their market shares. However, many foreign companies underestimate the vast regional differences in China or are unaware of the opportunities found outside of first-tier cities. This article provides an insight into China’s growing second- and third-tier cities and explains…

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5 Trends Rocking China’s Consumer Market

Offering the lowest price is no longer a sure path to success. Quality is becoming more important. Not having a digital strategy equals failure. Health and wellness are taken more seriously and are gaining awareness. If you want to compete in transitional China you will have to be agile, digital and comfortable with change. A…

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Business Opportunities in China: What To Look For

As a developing nation China offers many business opportunities, but which industries are open to foreign investment and are still likely to grow in 5 years time? Strategic industries and what they mean Business opportunities in China are often linked to the government’s strategic objectives. Every 5 years the government depicts new strategic industries that…

Government building

China’s New Economic Reforms

The third plenum of the Communist Party of China has recently ended and in this article we will discuss some of the key outcomes. The meeting has brought forth new initiatives that will aid in the country’s development for the next decade and will consequently play a crucial role in the structuring of China’s future economy…

Ted Trautman, The New Yorker.

Benefits of Localizing Production in China

Localizing (part of) your production in China provides multiple benefits; lower manufacturing and shipping costs, faster response times and the option to easily adjust your product to fit local market conditions. Localized manufacturing therefore not only enables your company to cut down the overall cost of ownership, it also helps you become more competitive in…

Media markt failed in China

5 Things Foreign Companies Need to Avoid When Entering China

Learn why foreign companies often fail in China and how to avoid the most common pitfalls.  More and more foreign companies are advancing into China to profit from the country’s growing domestic market. Where else in the world are you going to find a population of 1.3 billion, a growing middle class and a GDP…

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Chinese Business Culture – Everything You Need to Know

Learn everything you need to know about the Chinese business culture. From handling your first introduction with a Chinese business partner to dealing with local eating and drinking customs. This article will provide you with the must-knows and offers a peek into what it’s like to do business in China. Cultural differences and consumer trust…

guanxi in China

Business in China: an introduction into Guanxi

Guanxi, guanxi, guanxi. Anyone who has read about China’s business culture has inevitably come in contact with the concept of guanxi. Chinese have it, consultants in China can’t stop talking about it, and others are trying to figure out how to attain it. But, what is guanxi and who really uses it? Guanxi: a close-knit…

Burned chinese money

Shanghai’s new investment fund to attract MNCs to the city

With the idea of attracting more foreign multinational companies (MNCs) to Shanghai, the local Municipal Finance Bureau and Municipal Commission of Commerce jointly developed a management fund to support MNCs wanting to setup their regional headquarters in the city. The new initiative aims to attract more foreign organizations to the region and encourage existing shanghai-based…