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Read the rest of ¡°How to negotiate a purchase contract with Chinese supplier properly? Part 1¡È or post a comment>>
July 1st, 2008 by China Business Success Stories
By David Hunter
The growth in China in the past 10 years has been unprecedented. China is still the most popular destination for foreign manufacturing investments on the globe. In 2007 it attracted more than $80 billion in Foreign Direct Investments (FDI). The China economy continues to ¡°over heat.¡± The average annual GDP growth in 2002-06 was 10.3%, while per capita GDP growth was 9.2% due to the population increase.
This ¡°cancerous¡± growth comes with very high costs in terms of quality, efficiency, banking/securities controls, and geo-political fallout. In order to cool off the economy, the Chinese government has implemented some stop-gap measures over the past 18 months. Some of the key measures that impact US companies already doing business in China are wages, exchange rates, and taxes. Read the rest of ¡°Tough Times Call For Smart Measures¡± or post a comment
June 17th, 2008 by China Business Success Stories
Building an effective system for the protection of Intellectual Property Rights (IPRs) has become essential for China. Consequently, the Chinese government has worked hard to establish a world-class patent-protection system during the past 20 years, and during the past 27 years, China joined the major international IP Organizations and Treaties:
Read the rest of ¡°Secure your intellectual property in China – Part 2: The legal side¡± or post a comment >>
June 16th, 2008 by China Business Success Stories
By Ron Cune
Every year in December the government announces the dates of national holidays, which vary each year. This year, the festivities in honour of the Dragon Boat Festival were an official day off in China.
During these national holidays, the Chinese people tend to join for a family gathering. In this case, ¡®the family¡¯ refers to the parents from father¡¯s side, sons & their wives, unmarried daughters and the grand children. During these gatherings food and banquet-like meals are savoured, people go out to parks or enjoy themselves watching television. Because most families live in different cities, gatherings last usually several days under one roof; quite exhausting in European eyes.
In China as well as the West old traditions are being modernised. However the traditional family value goes strong as ever. This shows not only during the festivities but in day to day life as well. The family values are paramount.
Read the rest of ¡°Family Matters¡± or post a comment