Monday, November 13, 2017

Important Things You Should Know About Business in China

Greetings to All Blog Readers,

Meet - Kai (China sourcing agent based in Shenzhen).

He is also the founder of Company China SourceLink which provides sourcing, translation, logistics, and business solutions to those who are interested in doing their business in China.

China Registry or China Company Registry is known as the process of incorporating your business in China, to form a legal entity so you can start doing business in China.

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One of the most convenient methods of running a business efficiently is the use of a sourcing agent. In fact, there are many companies all over the world that rely on this type of agent. This is because hiring them can provide a lot of advantages to you and your business. Now, continue reading for more information.

One of the best advantages of hiring this type of agent is the fact that it can lower the company's expenses since the products are bought from low cost nations, including China, India, and Vietnam. An agent takes different roles and responsibilities. He or she must visit the factory in order to make sure that your company is getting the best possible quality, terms, and price. A reliable agent must be able to negotiate with the factory to get the best terms and price. He or she must be able to handle any details that might occur at the factory. A good sourcing agent is someone who knows the importance of project management. Also, it is his or her responsibility to visit and check the facilities at the factory and ensure they have the required certification to operate.

Currently, China is head and shoulders above the most prominent world economic players including the Unites States and Germany. Its economy has seemingly emerged unscathed in the recent world economic melt down although most European economies are not out of the woods yet. Analysts have indicated that the Chinese middle class are willing to spend more thanks to the increase in amount of their disposable income. The demand for goods and services from foreign countries has therefore gone up.

One thing that distinguishes a Chinese business person with those from other parts of the world is the close connection between their culture and business. Their business etiquette borrows heavily from their age old traditions. Learning their culture and respecting it is a sure of increasing the trust between you and your Chinese business partner.

Make the other person lose face. This is a cardinal sin. Keeping Face or Gei MianZi - Letting the other keep face (giving due respect) is a very important concept in China. You must show the other person appropriate respect according to rank and seniority. For example, if you are buying gifts for an initial business contact, make sure you buy better gifts for the senior managers instead of buying similar gifts for everyone. To shout at a Chinese person in public, to reprimand them in front of their peers or to raise one's voice when exasperated will cause both parties to lose face. Remember always to refuse invitations if you have to indirectly. It is impolite to refuse invitation directly.

Never hand out your business card or receive the other person's card carelessly or with one hand. When giving out name cards or brochures, make sure you start with the most senior person before moving down the line. When giving out a name card or receiving one, ensure that you are stretching out with both hands with the card. Remember to face the card you are giving out so that the receiving party gets it facing him/her correctly and can read at a glance.

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