Meeting President of President President Jean Jinging in April, he met with President Trumpp at the G20 Summit last week, telling the fact that China represents a attractive market for expansion due to many reasons.
This Asian wall is now comfortable as the second largest consumer market in the world, and it is a massive population of consumers, which has little debts and much more to spend. In addition, many Western brands have been very popular in the Chinese market.
Given the China’s most advanced manufacturing industry, US-based enterprises can also benefit from companies in China.
If you plan to expand your company to China or to stop production, you should keep in mind many cultural and logical factors that will make your strategy as you work in the borders of the country. Do it You have to learn to understand these differences and learn to adapt your ways to find continuous success in your Chinese efforts.
Collaborate with long-term goals in mind.
In any business situation, it is true that you need to prove to your customers and sellers that you do not have to make quick boxes to them and then disappear from sunset to your profit. But when you are expanding a country like China, it’s a problematic problem. Local buyers and vendors may be connected to you outside of an outdoor, so you have to pay additional attention to the entry that you enter to the community.
A strategy for success in this area is to cooperate with people who have understood the insights and values ??described for your company, and which investment is done in your long-term success. This will help you not apply China as a way for vendors and manufacturers to help increase profits, but see as many contribution to a number of profits.
Consider major cultural differences, such as Chandra calendar.
More and more Western China is aware of the major differences of at least Chinese culture, and it can play an important role in your company’s success in the country. For example, colors are very specific to Chinese people; for example, red is associated with lucky. While white is a sign of white, it is even more connected with color.
These facts are important in the country of your branding ideas.
Another element that you need to know, is the moon calendar value. Although the Georgian calendar has been widely used in government and non-governmental capabilities, Chinese moon is still important in the calendar’s calendar history and is considered more “devil” or “prosperous”.
It is important, so, be aware of these dates, because many China’s representatives will schedule business meetings or around events. The Chinese New Year celebration is also an important holiday which is celebrated for many different economic fields for a full week (sometimes a long time).
Respect the world’s Chinese perspective
The opening of the Chinese economy after foreign investment and influence opened in the 1990s and despite removing this century, sugar culture still holds a high cost. It is really amazing that at least communist rulers can also influence most of the human nature, but the effect is that every day, every day a day is born in Chinese lives.
As a Western business leader, you have to respect this effect and need to understand that your Chinese partners and customers can not value the value you do. Although some of the elements of Western-style individuality begin to enter Chinese culture, because many people will still be secondary, individual achievements or desires, social, family or organizational responsibilities.
Understand that no company in China depends on politics.
Depending on the industry, many US enterprises can start business and run with only minimal intervention from federal, state and local government agencies. If you work in unorganized sector, you can also think that the time to pay your tax, the government will not affect your business.
On the contrary, in China, government agencies have their hands in everything. However, it is important to remember that in many cases local bureaucrat can be more important than the central Chinese authority. According to this, in order to study the political approval of this region, it is important that you will work and how to learn the unique mixture of central economy and morality, how to travel in the economy.