Newsletter Week 45 |
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Dear Reader, Here is this week’s edition, covering:- China lesson seven: Communication, Chinese style - 10 Things I miss or do not miss about China - Chinese culture and communication - How to avoid tax by setting up a parent Hong Kong company We hope you will enjoy reading this edition. Have a nice weekend! All of us at China Success Stories China Expert Guest Blog China lesson seven: Communication, Chinese style  Communication in any society, culture, organization, family, or relationship is always a key factor. Most conflicts could be avoided with good communication. Communication is simply that the receiver hears and understands the message from the sender.I had always considered myself a pretty good communicator, until I went to China. I had problems in two areas. Area number one: Conversation. It seemed that conversations went on and on, lots of long, nice talk, fluff as I called it without seeming substance and action. I was used to meeting, greeting, spitting it out, shaking and moving on. The Chinese, and this has to do with face and guanxi, talk it up a lot: about how great you are, and how you look, with many flowery phrases and expressions about everyone and everything. They are social gabbers. Conversation is a wonderful part of their culture and happiness. Ordering food in a restaurant was a lengthy, gabby affair. The person ordering and the order taker would have a conversation about each item. It was in Chinese so I didn’t know if they were discussing which part of China the cucumbers came from, how they were prepared, the appearance, or nutritional value. It just took... Read the rest or post a comment >> China Expert Guest Blog 10 Things I miss or do not miss about China  It's 7.40am in London and I thought I'd do a post before heading out for the day, so here goes.10 Things I miss about China: - Real Chinese Food - Security Guards at the entrance to my apartment complex - Happy Smiling Faces - Taxis everywhere (most of the time) - My Chinese Lessons 10 Things I do NOT miss about China As a follow up to 10 Things I miss about China, here is my list of 10 things that I do NOT miss about being away. - People Spitting and Picking their Nose in Public - Bad Quality Western Food - Lunatic Taxi Drivers - Pushing and... Read the rest or post a comment >> Facts & Figures Farmers You never know when these statistics might prove to be of value to you. So without further ado, here's our weekly top 10. Top 10 countries with the most farmers
China Expert Guest Blog Chinese culture and communication  Chinese attitudes towards communication have been shaped by many influences. Two of the most important are Chinese social history and the thought of Chinese social philosophers, especially Confucius (and Confucianism) and Lao Tzu (the Tao Te Ching). The overall effect of these influences has been to limit individuality and the desire to argue, and to instill a group identity and a desire for harmony. Each influence is briefly examined below. From ancient times China was densely-populated, and depended for survival upon labor-intensive rice cultivation. Cooperation was crucial, especially for the creation and maintenance of a very complex system of dikes and irrigation canals. For political and geographic reasons people did not travel, and remained tied to their village, a pattern repeated for countless generations. The cycle of planting then harvesting remained constant, leaving very little opportunity (or desire) for experimentation: a failed experiment would mean starvation. Such an unchanging existence meant wisdom came through experience, and experience through age. A hierarchical society emerged, with age becoming the source of authority. Totally absent was any idea of equality, with even twins addressing (and obeying) each other as “older brother, younger brother.” Authority came thus not from reason but from... Read the rest or post a comment >> China Expert Guest Blog How to avoid tax by setting up a parent Hong Kong company  To those who are about to do trading business in China, the major advantage and purpose of setting up a Hong Kong company as the parent company and operating in the subsidiary trading company in mainland is tax avoidance. In Shanghai, there are a few company formation consulting companies that can help you establish a Hong Kong limited company and open Hong Kong bank account without having you fly to Hong Kong. It only takes three weeks and around 100,000 RMB to set up a Hong Kong company. It’s a very popular way for foreign investors to do trading business in Shanghai and avoid tax by setting up a Parent Hong Kong company at the same time. Below is a detailed and practical introduction about tax avoidance by employing formula. Hong Kong adopts a territorial source principle of taxation. Only profits made in Hong Kong are taxable. Profits generated elsewhere are not subject to taxation. Different countries and areas follow different principles of taxation. For instance, in China, all of the profits, including those made overseas, are taxed by China government. In order to substantially lower the taxation burden, we can take advantage of the difference in taxation systems and policies in different places by using Hong Kong companies to do entrepot Trade. The advantages of doing Import/export trade are as follows: 1) Lower the cost of tax and accelerate the enterprises’ capital accumulation 2) Avoid the loss incurred in the settlement of foreign exchange and lower the risk of exchange. 3) Maintain more control over foreign exchange and make it more convenient to make international payment and receive foreign exchange. Suppose that your Shanghai company’s clients, mainly hailing from the United States, place a 1 million USD order for apparels. Assume the cost for those clothes is 600,000 USD. Then your Shanghai company might be in two different situations:... Read the rest or post a comment >> Comments Yigo in reply to: Translation Business in Shanghai N. Joao Daves in reply to: China Lesson Six: It’s About Time Sally Zhang in reply to: Language, Culture & Communication Jof Arnold in reply to: 10 Things I miss or do NOT miss about China Vincent Cheung in reply to: Chinese culture communication |
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