Doing business in China relies on more than an optimistic message in a fortune cookie.
This is where the frontier aspect of doing business in China comes to the fore.
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Doing business in China is never dull, and this is truer today than ever before.
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Doing business in China is just as difficult as always, and perhaps even more so.
One of the items auctioned off was a lunch with me to discuss doing business in China.
To some extent, cross-border cash management used to be a challenge for treasurers of multinationals doing business in China.
For anyone doing business in China, understanding the relationship, differences and interplay between the central and local governments is critical.
Such is the assessment of the U.S. China Business Council (USBC), a lobby for U.S. multinationals doing business in China.
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So western firms doing business in China have a responsibility to do their homework and keep a vigilant eye on their suppliers.
Domestic film producers, like Li Peisen, the chairman of Orange Sky Entertainment, say pleasing censors is common sense and part of doing business in China.
Twenty-five percent, by the way, are doing business in China.
For a graphical look at U.S. export growth to China by state, see the U.S. China Business Council, a lobby group representing U.S. companies doing business in China.
Alan Chen and David Beim, Professor of Professional Practice, Finance and Economics at Columbia Business School, asked me to teach a group of senior-level executives interested in doing business in China.
Two recent examples underscore this reality of doing business in China and are clarion warning calls for those who plan on doing business there in the future or investing there as well.
FORBES: Investing In China Is Fraught With Business Landmines
"It is no longer just about doing business in China... brands need to therefore align their branding and marketing strategies both in China, and for those rising number of travelling Chinese consumers, " Debnam said in the report.
The company, he said, wanted to promote a self-regulatory body that would allow it to continue doing business in China, and had asked Schell to help develop guidelines that were heavy on disclosure and light on actual limitations.
While the rules will reduce the cost of doing business in China for some companies, Beijing still hasn't offered a clear explanation of what is required for a company to have "substance, " which could potentially stymie efforts by companies to take advantage of the lower rate and leaves uncertainty for businesses thinking of investing in China.
Asian and other outside companies that are doing good business in China also reflect that here.
Through Groupe Danone's painful experience, Kraft learned that building up a local management team to maintain solid connections with the Chinese distributors is a major part of doing retail business in China.
According to the Boston Consulting Group (its partners reported some of their insights in Forbes here), a consumer company doing business in 70 locations (cities and counties) in China could reach 70% of consumers in the middle and affluent classes as of 2005.
And due to improved cross-straits relations in recent years, my business in China is doing quite well.
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Henry Kissinger, a rather more eminent former secretary of state, also mixes influential China-friendly views with profitable ties to firms doing business in the country.
It is also important to note that the dynamics of doing business are different in the U.S. compared to a developing economy like China.
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Zhu says he is looking for ways to open up a private industry park somewhere in Zhejiang that would provide a bridge for high-tech entrepreneurs doing business between China and America.
After all, the history of foreign investment in China is now entering its fourth decade, while the history of Chinese companies doing business abroad is only now being written.
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