china business

The Chinese are particularly firm and patient during negotiations. A Chinese business partner approaches a situation or contract in a diffuse manner. Contrastingly, in the West, the custom is to consider negotiation points in a concrete and systematic manner.
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Paul Denlinger over at China Vortex has a good post up on where to invest in China going forward. The post is entitled, "The New Investment Rules For China," and it sets out the following seven rules for China investing:

1. "Avoid Shanghai and Beijing." They both have plenty of smart people, but staff turnover and costs are just too high.
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The always excellent (but far too infrequent) Chinese Negotiation Blog recently posted on ten warning signs of an impending bad China deal in a post entitled, "Negotiating in China Can Get Complicated Fast."

The post starts out stating two important and fairly obvious (though too often ignored) truths:
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I am not a fan of economic predictions, mostly because they are virtually always slanted towards what is happening right now and also because they are wrong at least as often as they are right. I still find occasionally find them interesting and there is an interesting analysis of China's economy over at the 3q2u Blog, entitled, "What's happening in China's economy?"
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Travelling around China for two years is not as easy as it sounds. In January this year, for example, much of the country was paralysed by freezing winds, snow and ice – millions and millions of people stranded without transport as they desperately tried to get home for Chinese New Year; almost one million of [...]
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Third Party Logistics News recently posted on how those considering Vietnamese manufacturing should look long and hard at Vietnam's logistics problems. The post is entitled, "Vietnam : Lack of logistics infrastructure = higher logistics costs," and it contains good advice for those considering Vietnam.

It concludes what I always conclude. Vietnam is great for some things and not so great for other things and nobody should just be rushing in:
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Sex sells.
anonymous

Sex and violence sells everywhere.
Dan Harris
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My first job out of university was based in San Francisco, and one of the largest things I managed was the APAC accounts receivable. It was in the beginning a frustrating process as I was essentially making collection calls to get people to send their checks, and I felt a little bit like a repo [...]
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For years economists have wondered whether the inevitable rising power of China was similar to Japan in the 1980s. If you remember (and that requires you to be over 22), people used to think that Japan was an unstoppable beast destined to take over the world. Movies and popular media frequently made reference to this, [...]
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There are numerous negative stories circulating about doing business with Chinese companies. Some business people let themselves be influenced by these tales and based on the preconception formed they decide not to go to China, referring to the country as the “Wild East”.
We have firsthand experiences with companies that have no intention of achieving a [...]
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