Newsletter Week 4, 2008 |
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Dear Reader, Here is this week’s edition, covering:- What would a US recession mean for China Sales HR? - 4 Reasons Sourcing from China will be More Expensive in 2008 - Q & A: What is the best way to find investors and financing for foreign restaurant ventures in China? - China Chapter Seven: Dining in China - Supermarket or rollercoaster? We hope you will enjoy reading this edition. Have a nice weekend! All of us at China Success Stories China Expert Guest Blog What would a US recession mean for China Sales HR?  ‘Will there or won’t there be?’ The small clump of young European & Asian salesmen breaks from their huddle and puts the question to me. They try to look relaxed, but clearly they’re concerned. The entire sales department has been watching the economies of the US and Europe losing momentum and asking themselves the same question:
Will there be an influx of talent from the North America and Europe into China? Will Shanghai become the new post-grad landing-pad for casual resume builders and hard-playing English teachers? Or will serious, experienced business-people decide that this is the perfect time to establish their China-presence? It’s a great question for senior managers with HR responsibility. Let’s assume that the US is heading for a significant economic slowdown while China continues to grow in the 8 – 11% range. Unemployment in the West spikes, while China continues to pay higher and higher wages for Advertisement  China Expert Guest Blog 4 Reasons Sourcing from China will be More Expensive in 2008  China has been trying to stem an ever growing trade surplus, manage domestic inflation, move development from the coastal areas to the inland areas and decrease its dependence on heavily polluting industries. Because of these objectives, manufacturing in China is becoming more expensive as China adds in hidden (and sometimes not so hidden) costs into the sourcing equation. Here are the top 4 reasons you can expect costs to continue to rise in 2008: 1. Reduced VAT Refund When Chinese manufacturers purchase goods domestically for use in manufacturing, they pay a VAT (value added tax). For people in the United States or others who are not familiar with the term VAT, it’s essentially a sales tax. Historically, the Chinese government allowed for generous VAT refunds if the... Read the rest or post a comment >> Q & A What is the best way to find investors and financing for foreign restaurant ventures in China? One of our visitors asked the question, which is stated above, in our Q & A chapter. In order to get as many help as possible, we also asked the question on LinkedIn. Here are some of the answers: - Always try finding out Local Investors…But they aren’t ready try to approach Global South East Asia Market. Plus let me know the Details I can help you out… - Sami, please feel free to forward me your business plan. If it proves to be of good quality I’ll run it through some VC funds and my Belgian partner in China. - Best to do is to compose a thourough business plan and to approach either venture capital companies or private investors who have affinity with this sector for discussion. Some banks have departments... Read the rest or post a comment >> Facts & Figures Beer 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 breweries 2004
China Expert Guest Blog China Chapter Seven: Dining in China  Food is important in all cultures, but in China, it plays a paramount role as the tool for face and guanxi. Business eating is where guanxi is established. To get to know another person and to build trust, eating together is necessary. The Chinese don’t eat at their desks, and they don’t rush out to the nearest fast-food joint. It is a specific time for talking and getting to know the other person. Typically, business is not discussed. That’s done during the many business meetings. The business banquet is the pinnacle of guanxi building, celebrating, and or honoring guests. We would gather at one of thousands (in a city of 20 million) of huge, ornately designed Chinese restaurants, usually on the second floor. Courteous, friendly, happy staff, with wireless buds in their ears, directed you to your table or private room while waiters and waitresses rushed around with plates of... Read the rest or post a comment >> Fun and Games Supermarket or rollercoaster Innovative and practical? Or completely useless? In Shenyang they figured it was worth finding out. Will it catch on? Watch the video and experience the ride >> Maarten Roos in reply to Starting a Business in China: Thank you for that clarification, which indeed confirms that foreign companies are NOT to use this as a general guide. There is much better information out there - at least on the basics of... Anna John in reply to What is the best way to find investors and financing for foreign restaurant ventures in China?: Ni hao! I would like to suggest www.kplusv.nl Success! Kind regards, Anna Gary Fang in reply to What are the difficulties when setting up a company in the western part of China?: Three biggest difficulties I think are: 1. talent pool. College graduates or experienced workers tends to moves to cities in... Chitra Shergill in reply to What is the best way to find investors and financing for foreign restaurant ventures in China?: Always try finding out Local Investors…But they aren’t ready try to approach Global South East Asia Market. Plus let me know the Details I can help you out… Frits Ronday in reply to What is the best way to find investors and financing for foreign restaurant ventures in China?: Silk Road International Blog in reply to Starting a Business in China: What interesting anecdotes, Ernie. I enjoy the vivid details very much. (Let’s not go to the squatter toilet scene now.) I also have no excuse but to go get myself a copy of the notable... N. Joao Daves in reply to What is the best way to find investors and financing for foreign restaurant ventures in China?: Dear Sami Verho, Let’s discuss details. Best regards Daves |
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