Attraction and Retention of Chinese Employees: A Legal Perspective

November 28th, 2007  by China Business Success Stories

By Christine Liu McLaughlin and Margaret Kurlinski

Attract Chinese EmployeesWhen entering the China market, many multinational companies assume that a country with a population as large as China’s would not have a labor shortage. However, the fact is that qualified labor is at a premium in China. Under the booming economy, the rising demand for Chinese labor has exceeded its supply. Hiring talented employees—young, upwardly mobile Chinese professionals with advanced skills and an understanding of international business—is even more difficult. Because of the limited availability of such employees, the competition for this talent is intense.

With tough competition comes a high turnover rate. According to a report by Hewitt and Associates, China has one of the highest (if not the highest) employee turnover rates in Asia, around 14% in 2006. It is no wonder that a recent poll by the American Chamber of Commerce-Shanghai revealed that Read the rest of “Attraction and Retention of Chinese Employees: A Legal Perspective” or post a comment

Recent Developments and Routes for Enforcing Intellectual Property Rights in China

November 20th, 2007  by China Business Success Stories

Developments and routes for enforcing IP rights in ChinaChina’s growing population of over 1.3 billion potential consumers, coupled with their rapidly growing disposable income, is becoming a huge marketplace for products protected by intellectual property laws (IP). The disposable income of Beijing urban residents reached 17,653 yuan per capita (over $2,200 USD) in 2005. China has also become one of the world’s main manufacturing bases for products protected by IP laws. Further, China’s GDP reached over $8 trillion (USD) in 2005, based on…

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Recent Developments and Routes for Enforcing Intellectual Property Rights in China

November 20th, 2007  by China Business Success Stories

By Aaron Wininger and Peiyu Sun

Developments in IP rights ChinaChina’s growing population of over 1.3 billion potential consumers, coupled with their rapidly growing disposable income, is becoming a huge marketplace for products protected by intellectual property laws (IP). The disposable income of Beijing urban residents reached 17,653 yuan per capita (over $2,200 USD) in 2005. China has also become one of the world’s main manufacturing bases for products protected by IP laws. Further, China’s GDP reached over $8 trillion (USD) in 2005, based on purchasing power parity. As such, based on these numbers alone, the opportunity, occurrences, and profitability of IP infringement in China is steadily on the rise.

According to recent postings by the United States Embassy in Beijing, China is the number one source of counterfeit goods seized by U.S. Immigrations and Customs Enforcement. However, targets of IP piracy and infringement are not just U.S. or foreign companies, but also Chinese companies. For example, on a recent visit to street corner in Shanghai, DVDs of movies currently playing in theaters worldwide were available for 4 yuan (about 53 cents, U.S.). With some haggling, volume purchase discounts appeared possible. Bootleg DVDs included recently released American films such as “Transformers” and “Fantastic Four: Rise of the Silver Surfer,” as well as many popular, recent Hong Kong movies. Since the main market for Read the rest of “Recent Developments and Routes for Enforcing Intellectual Property Rights in China” or post a comment

About Opening a Foreign-invested Restaurant in Shanghai

November 19th, 2007  by China Business Success Stories

About opening a foreign-invested restaurant in ShanghaiTo open restaurants in Shanghai, you’ve got two options:

1. Establish a wholly foreign owned catering management company.
2. Simply open a restaurant

If you want to franchise in Shanghai or intend to sell your restaurants in the future, option 1 would be fit for you …

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About Opening a Foreign-invested Restaurant in Shanghai

November 19th, 2007  by China Business Success Stories

By Vincent Cheung

Catering and Restaurant Procedure in ShanghaiTo open restaurants in Shanghai, you’ve got two options:

1. Establish a wholly foreign owned catering management company.
2. Simply open a restaurant

If you want to franchise in Shanghai or intend to sell your restaurants in the future, option 1 would be fit for you, or you can simply open a restaurant. You don’t have to rent a room in an office block to have the catering management company established. For setting up a catering management company, a suitable place for opening a restaurant is sufficient. As soon as it’s established, you can start to open restaurants, bars or coffee houses as its branch companies. Since the catering management company, which is licensed to engage in investment consultancy, business consultancy, corporate management consultancy, catering (food, dessert, beverage, alcohol) already has most of the required licenses and permits for engaging in catering business, you don’t need to apply for them when you are opening branch companies.
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