I love watching the TV Show, No Reservations. The show involves Anthony Bourdain (of Kitchen Confidential fame) touring a country and sampling its restaurants and foods. Despite constant (at the beginning and at every commercial) warnings of adult content (there is usually massive swearing, drinking and smoking), I always watch it with my ten year old daughter because I know of no better or more interesting way to learn about foreign…

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Under the current tax system in China, there are 26 types of taxes, which, according to their nature and function, can be divided into the following 8 categories:

• Category of turnover taxes. It includes three kinds of taxes, namely, Value-Added Tax, Consumption Tax and Business Tax. The levy of these taxes are normally based on the volume of turnover or sales of the…

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Factor in the rapid appreciation of RMB(Chinese Yuan) against USD and other main foreign currencies when you are negotiating the price and contract. The currency exchange rate should be based on the currency exchange rate chart provided by Bank of China(BOC).  I am going to write an article on how to negotiate a better price with suppliers recently, please keep checking out.

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China is much bigger than Europe. Most people are well aware of that. Also the country is not around the corner, this as well is common knowledge. Although we have quite some general knowledge about China, a lot of important business-related knowledge is not known. For instance the banking sector is still highly regulated, foreign currency exchange from RMB to any other currency is not so easy and business licenses are determined by business scope.

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The consulting industry in China is flourishing. After all, it is the largest potential single market in the world, and everyone is flocking to it. New companies need information and advice about how to tackle the unique challenges of this market. For any MBA who is fluent in Chinese, or who has grown up in China, and is familiar with the tools of the trade, such as financial modeling, business negotiations and company valuations, China represents an “iron rice bowl” which will make their careers for years to come.

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