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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…

Picture by Zakreski, Judy. China Business Review, January 1, 2010

Benefits of Entering the Chinese Medical Device Market

China’s Medical Device Market shows tremendous business opportunities for foreign medical device companies, as the rapid growth of China’s healthcare sector is forecasted to reach $11.4 billion by 2015 (UBM Canon research). Overall healthcare spendings (including medical devices) are expected to rise to 7% of GDP (McKinsey & Co) with the objective to reach universal healthcare for all Chinese…

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…

China's mid-market

China’s Mid-Market: Is Quality More Important Than Price?

‘Good enough’ is no longer good enough for Chinese consumers. Present day consumers expect a good product for a fair price and foreign companies in China are losing the battle. Shipping goods from abroad to China is costly, requires long lead-times and is hindering a company’s competitiveness in the local market. Producing and selling locally…

Innovation in China

Innovation in China: Is China the New Silicon Valley?

A new study by booz&co. revealed China is now competing with Silicon Valley on innovativeness. Although China is still portrayed in the media as a country that prefers reverse engineering and blunt copy-and-paste practices over R&D, research has shown that trend is disappearing rapidly. In this article we will discuss booz&co’s sneak-peak of their newest…

Logistics in China

China’s new high-speed logistics network

China is revolutionizing its logistics network through a new conglomerate setup by the Alibaba Group, China’s largest e-commerce group. The goal of the new logistics network is to change up China’s current logistics system and to be able to deliver parcels within 24hours to any location in China. Not only is the move expected to…