Post by arfankj4 on Mar 4, 2024 20:51:32 GMT -8
Because of that it s doubly important for those doing business in China to know whom they are working with and what they are getting into. Many people pursue business and make investments in China with the assumption that this is a massive growing market and you have to be in there. Our advice is you have to be in but you need to do your homework first.
That means making sure you have your own people on the ground in China to oversee construction and development of your supply chain. It also means picking partners carefully—both in business and government. By the time you are relying on the legal system to settle a dispute says Kirby you ve already lost. No one would be well advised to settle a commercial dispute in a Chinese court he warns. You re better off not wasting Poland Mobile Number List your time. to do business in China will look for partners with whom they may be able to do business with outside China as well. Stories do exist of Chinese entrepreneurs who have overcome the limitations of the state and the Party to achieve phenomenal success—take the case of Wanxiang whose chairman Lu Guanqiu began with a tractor factory in the s and grew it into the largest auto parts company in the world.
Recently the company even helped bail out Detroit by investing in US auto parts companies that were going belly up and is becoming a leader in electric car technology. There are people like him all over China says Kirby. Their big challenges however are more at home than abroad. Until the Chinese state steps back and lets independent entrepreneurship flourish and grow the country will not be in a position to lead any time soon. Until then argue Kirby and his colleagues it remains for those doing business in China to seek out partners with whom they can move forward together.
That means making sure you have your own people on the ground in China to oversee construction and development of your supply chain. It also means picking partners carefully—both in business and government. By the time you are relying on the legal system to settle a dispute says Kirby you ve already lost. No one would be well advised to settle a commercial dispute in a Chinese court he warns. You re better off not wasting Poland Mobile Number List your time. to do business in China will look for partners with whom they may be able to do business with outside China as well. Stories do exist of Chinese entrepreneurs who have overcome the limitations of the state and the Party to achieve phenomenal success—take the case of Wanxiang whose chairman Lu Guanqiu began with a tractor factory in the s and grew it into the largest auto parts company in the world.
Recently the company even helped bail out Detroit by investing in US auto parts companies that were going belly up and is becoming a leader in electric car technology. There are people like him all over China says Kirby. Their big challenges however are more at home than abroad. Until the Chinese state steps back and lets independent entrepreneurship flourish and grow the country will not be in a position to lead any time soon. Until then argue Kirby and his colleagues it remains for those doing business in China to seek out partners with whom they can move forward together.