Newsletter Week 10, 2008 |
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Dear Reader, Here is this week’s edition, covering:- Luxury Brands in China, Part II - Evaluating your Audit Provider - Western-Chinese Business: What Are Chinese Meetings For? - Rui Shi - The Imperial Guardian Lions We hope you will enjoy reading this edition. Have a nice weekend! All of us at China Success Stories PS There is another Q & A in this newsletter. Make sure to have a look if you know the answer to this question, or if you have a question yourself don’t hesitate to respond! Chinese Expert Guest Blog Luxury Brands in China, Part II  While hard work and plain living have been revered virtues of the Chinese people for generations, there has been a growth in demand for foreign-branded or imported goods.(19) But running counter to the growing habit of consumption in China is the traditional propensity to save. Though luxury consumption is growing, for most the dominant social idea is still prudent consumption and undertaking no more than you can perform. (20)Research suggests that while the emerging middle class will continue to save heavily, they will also spend increasing amounts of money. (21) This is consistent with trends that suggest that China’s younger generation of teenagers and twenty-somethings show less of the caution of their parents and grandparents, and far more inclination to spend than to save. Read the rest or post a comment >> Chinese Expert Guest Blog Evaluating your Audit Provider  Much thought and effort goes into the selection of vendors, but how much effort do you put into selecting an audit provider? Many potential clients begin their conversations with “We have tried third party auditors in the past…”Does that sound familiar? I can’t tell you how to pick one company over another. Your particular industry and needs will determine who is right for you. What I can do, is give you some advice about audits in general. An audit in general terms is an objective evaluation of product, processes, and/or systems. Most importantly, an audit is a comparison of actual performance to predetermined standards. Note, please the emphasis on predetermined standards, and the means to evaluate your auditor is clear. You must first specify to what standards you desire your supplier to be audited. Feel free to ask your potential auditor to what standard they will perform an audit. Read the rest or post a comment >> Q & A Chinese cement manufacturers I know of a Chinese cement manufacturer that’s looking for funding to replace their old standing kilns with new “dry” rotary kilns that will increase efficiency and reduce pollution and is as a matter of fact, mandated by the government. Would you know some names that might be interested in taking a look? Answer this question >> China Expert Guest Blog Western-Chinese Business: What Are Chinese Meetings For?  We introduced Greg Bissky to you in some earlier posts (if you missed those, you can find them here: 'Western and Chinese business-More Than 1 Way To Communicate' and 'Communication in Chinese Offices'). This time Greg talks about Chinese meetings. According to Greg, there are three times to a Chinese meeting, before the meeting, after the meeting and during the meeting. And the one time Chinese do not decide things, is during the actual meeting. Meetings are for maintaining harmony and relationships, decisions and arguments are made before and after. Watch the video >> Facts & Figures Road Tunnels 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 longest Road Tunnels
(Source: The top 10 of everything 2007) Chinese Expert Guest Blog Rui Shi - The Imperial Guardian Lions  Huge, mythical beasts with piercing eyes and gigantic, roaring mouths stand guard at many of China’s most important buildings and ancient structures. The name of these imposing creatures is “Fu Dogs” or Rui Shi (”auspicious dog” in Mandarin), also known as Imperial Guardian Lions.Started during the Han Dynasty (206 B.C. – 220 A.D.), the tradition of placing two large statues of male and female lions near the entrance of an establishment was intended to ward off evil spirits and protect from enemies, and thieves. These statues were created from marble, bronze, iron, and granite and the cost was expensive, therefore only the wealthy could afford Fu Dog protection. Because of this, Fu Dogs became a symbol of wealth and prosperity. Read the rest or post a comment >> Fun & Games What the f*&%? translations found on Chinese Signs Translations found in China on signs all over the country. Some are Japanese, can you spot them? Watch the video >> Comments Marc in reply to Caution is the key in Chinese recruitment There’s also a Chinese job portal which provides a measure of “liability” based on the number of every job seeker’s connections and recommendations from companies: … Jonathan in reply to Luxury Brands in China Thanks everyone for your quick responses. Haitao Qi in reply to What is the best way for me to get local Chinese Oracle Consultants for a project in Hong Kong? Hi Tony, Thank you for the question. This is Haitao qi, CEO of chinasourcing. There are many chinese software outsourcing companies can provide you Oracle Consulting and development … Brian Su in reply to Luxury Brands in China Paul is VERY Correct! You will get fake “luxury” brand goods off these websites. Paul Tittmann in reply to Luxury Brands in China Luxury brands wholesale - By far and away, the majority of branded product you buy on the alibaba type websites WILL be knockoffs or counterfeit ... Brian Su in reply to Luxury Brands in China hi Martijn & Johnathan: Wealthy Chinese stay low for various reasons, some of them do not want the tax department know how much they really make off their business…funny huh? Martijn van Breugel in reply to Luxury Brands in China Jonathan, Sorry, it should have been: Trying alibaba is a 2nd possibility. I would however NOT use it in such a market Tim in reply to China M&A activity unlikely to slow down, economy appears immune from U.S. recession Sage advice indeed. A well positioned man to comment on such issues, thanks Adam Dupre in reply to Luxury Brands in China Jonathan, in case you are still looking for a response to your enquiry about locating Chinese luxury clothing wholesalers, CCRS can assist you with this. Happy to explain how and to give … Martijn van Breugel in reply to Luxury Brands in China Hey Jonathan, Depends on where you live. If you’re in China (which is a requirement I beleive) use the local government of the specific city. (don’t think national directly, start in 1 city) Jonathan in reply to Luxury Brands in China Any ideas on the most practical way of going about finding Chinese luxury clothing wholesalers? Peter Hayes in reply to Lying Thanks Alexander for this insight, although I’m somewhat puzzled though as to why you would choose to tag this opinion to business with China. My own experience is ... Martijn van Breugel in reply to Luxury Brands in China Dear Brian, Interesting comment. I agree that wealthy chinese people are not all the same. But in fact that’s true about all groups in society. What do you think explains … Brian Su in reply to What the Chinese Want You to Know about Networking Good article! Keep coming. Han Tao in reply to Why would a US-based company want to create an Individual Investment Advisory Firm in China (pros/cons)? Siavosh Pahlevani is correct. By establishing an individual investment advisory firm can gain more understanding and more information that can be useful to the company. Ed in reply to What is the best way for me to get local Chinese Oracle Consultants for a project in Hong Kong? Tony, I would encourage you to get in touch with George Wang, President and CEO of Chinese Professional Network (http://www.cpn-online.com/). CPN has a … Guohui-Sophia Wu in reply to What the Chinese Want You to Know about Networking Yes, I agree with you. They are not that different, and I don’t think we’re that different either. John Melendez in reply to Why would a US-based company want to create an Individual Investment Advisory Firm in China (pros/cons)? There is an ever-growing in China in all aspects, including as a possible trade frontier. The key word here would be “frontier”. And where there is a frontier, there will always be a perception for ... Siavosh Pahlevani in reply to Why would a US-based company want to create an Individual Investment Advisory Firm in China (pros/cons)? This is very simple, the individual advisor can act as a sole agent and only colect the necessary information which can be useful for the company and report it time by time … |
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