One of the best VCs in the world is Gary Rieschel. He started Softbank and now is EMD at Qiming Venture Partners. When I visited him in China, he took me into a taxi where he showed me one of the businesses he was investing in. Cool conversation about China enterpreneurship too.

As to China, I’m still processing our trip. It was mind bending. Lots of photos are up on my Flickr feed. But…

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To improve foreign exchange administration of foreign-invested enterprises and to facilitate the handling and verification of foreign currency capital, the State Administration of Foreign Exchange (SAFE) have recently issued a new notice. The new regulations aim to prevent hot money from flooding into China to establish foreign-funded enterprises and to allow regulators to closely monitor and control foreign capital movement.

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Just like in other countries, being dependent on one relation is also not advisable in China. Whether it concerns a client or supplier, a distorted relationship will often cause pressure. This will result in a weak negotiation position which, in some situations, will cost you dearly.

Satisfaction with the current situation should not be an excuse to ignore other purchasing channels.

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On a miserable drizzly Friday afternoon, a minibus from the Chongqing city government turned up at the university gate, blaring Michael Jackson’s Thriller over the sound system. An import/export company had arranged the bus to drive us to their offices for a price discussion. Jackson and, surprisingly enough, several familiar and unknown faces greeted me from inside the bus. There were ten of us, including the driver. ‘Come on, we’ve decided to bring you to the…

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We’re getting a little more visibility into the nature of this crisis, and the good news is that we are starting to understand the bad news. China isn’t going to be a safe haven – though it may not be battered as badly as the US and Europe.

But just because China will be less damaged, it doesn’t mean that all you have to do is wait for things to become ‘normal’ again after Chinese New Year. Your…

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