How is doing business in China different from the US?

Americans are very direct in their communication styles. They tend to be blunt, persuasive, and highly aggressive when they are pursuing a business deal. The Chinese prefer to be polite and courteous, showing deference to their business contacts and respecting them. They choose the indirect path to negotiations.

Is it hard for foreigners to work in China?

It is not a secret that China’s focus is technology these years. They give a lot of support for technology companies and want to be the technology hub of the world. First tier cities like Shanghai, Beijing or Hangzhou are always welcoming the foreigners to work on improving technology.

What are the benefits of doing business in China?

5 Surprising Advantages Of Starting A Business In China

• Favorable government policies.
• Facilitative entrepreneurial environment.
• The abundance of skilled talents.
• Growth opportunities.
• Stability.

What are the benefits of doing business with China?

What are the disadvantages of doing business in China?

Below are some of the disadvantages of doing business in China.

• Intellectual Property. Intellectual property rights have always been a major issue in China although some recent reports indicate that the country is improving.
• Skilled Labor.
• Rising Costs.
• Lack of Transparency.

How does Chinese culture affect business?

Business culture. Chinese business culture is largely influenced by Confucianism. Thus, primarily, the Confucian concept of Guanxi implies that a relationship network is crucial and based on the values of solidarity, loyalty, modesty and courtesy. The Chinese are often risk averse.

What is Chinese work culture?

The Chinese law is actually very clear about this and it states that the standard working time is 8 hours per day, 40 hours per week. Businesses must restrict overtime to 36 hours a month. And an employer may extend working hours due to the business needs, after consulting with the employee union and the employee.

What do foreign companies need to know about doing business in China?

Foreign companies just got an important reminder: Doing business in China comes with a long list of demands. More than 30 global airlines — including some US carriers like American Airlines ( AAL) — were recently told by the Chinese government to remove any information that could suggest Taiwan, Hong Kong or Macau are not part of China.

Can foreign executives work for Chinese bosses at Chinese companies?

I’ve also advised Chinese executives working for local companies in China. But increasingly, I’m finding myself counseling a new breed: foreign executives working for Chinese bosses at Chinese companies. Most of these are privately held, and many have been founded and operated by an entrepreneurial chairman.

Who can hire a Chinese person to physically work in China?

In principle, any company located anywhere in the world may hire a Chinese person to physically work in China.

What are the most challenging aspects of working for a Chinese company?

Change is the only constant. Here are four of the most challenging themes that multinational executives encounter when they work for Chinese companies: 1. The chairman always sets ‘unrealistic’ business targets. Nowhere is the difference between Chinese and Western companies more salient than in their target setting and annual budgeting.