China business information

China commercial Service by JyS provides comprehensive advisory and project management services for a wide range of client requirements. Benefits provided by JyS include quick response, efficient operation, competitive costs and satisfying results, based on extensive experience and an understanding of China business issues. China business information

JyS business Services can be tailored to the needs of individual projects, China business information and include:

China Sourcing & Trade Service
China Investment Guide & Operation
Strategic Planning Consulting
Market Entry & Development
Marketing activities assistance
HR recruitment & Consulting
Partner Due Diligence Survey
Market Research & Analysis
Monthly China Investment Newsletter
JyS’s Blog on China business Hotspots

Selling in China will need some form of local presence to ensure trading will run smoothly. There are four ways you can trade in China: China business information

Choose an agent or distributor. Appointing a local agent or distributor is the quickest and easiest method for overseas businessmen. China business information

Create a wholly owned foreign company. You will have to apply to the Chinese government for a license, usually granted for 15 to 30 years. You will be restricted to carrying out the business activities specified on your license. This option is now by far the most popular option for foreign companies wishing to set up in China.

Establish a joint venture. These are typically formed after a period of trading with a local partner. However, the success of your joint venture largely depends on finding a partner you can work with. To create a joint venture, you must apply for permission from a number of Chinese government agencies.

The economy of the People's Republic of China is the second largest in the world after that of the United States with a GDP of $7.8 trillion (2008) when measured on purchasing power parity (PPP) basis. China business information It is the third largest in the world after the US and Japan with a nominal GDP of US$4.3 trillion (2008) when measured in exchange-rate terms. China has been the fastest-growing major nation for the past quarter of a century with an average annual GDP growth rate above 10%. China's per capita income has grown at an average annual rate of more than 8% over the last three decades drastically reducing poverty.China business information

The Chinese economy is considered by many to be the ultimate investment opportunity.China business information Not only does it offer a market of up to 1300 million possible consumers,China business information it also brings about massive annual growth rates.China business information This is further strengthened by the fact that the Chinese government is doing everything in its power to continue to improve the investment climate for foreign companies by, among other things,China business information continually spending large amounts of money on the improvement of the infrastructure.

There can be complications in the procedure for starting business in China. You may need advice. Here JyS gives you some useful tips:China business information

A short and light, not firm, China business information handshake is the customary start to a business meeting. It is advisable to start the meeting with 'small talk' and only after that to pass on to business matters. During the meeting it is customary to address your Chinese colleagues with the title that signifies their status: "Professor Chen" or "Mr. Chen" or Miss Chen" with the name that follows the title being the surname and not a first name. China business information

Business cards should be exchanged at the beginning of a business meeting.China business information Take care before the meeting to have an adequate supply of business cards - at least 30. The Chinese appreciate it when one side of the business card presented is in Chinese. On accepting a business card from your Chinese colleagues, show your interest by glancing at the details of the card. Putting the card immediately into your wallet or briefcase without reading it is an unforgivable insult to the Chinese business culture.
China business information
It is important, during the course of the conversation, to be aware of the speech culture in China. Never say "no". Instead, you can respond with "I'll look into that" or "I'll see what I can do in this matter",China business information etc. When presenting your position at a meeting, speak slowly with short pauses between the sentences. It is worthwhile to allow your Chinese opposite number to understand your intentions properly. Never, during the course of a business meeting, refer to a deadline. Do not become agitated if there are pauses in speech on the part of the Chinese. This is an accepted custom and the pauses are a sign of measured and considered thought in Chinese culture. Do not expect an immediate reaction from your Chinese colleagues. The Chinese like to consolidate their position in a measured and considered fashion, preferably after they have established a personal contact, before closing the deal.

The accepted style of dress for a business meeting in China is conservative.- a dark colored, unostentatious suit and tie are customary for men. Bright colored clothes are considered unacceptable. Women must take care that their skirts are not above the knees; good quality jewelry that is neither ostentatious nor overly expensive, is recommended for making the right impression.

Do not arrange business meetings around the times of Chinese festivals. Similarly, it is important to remember that late arrival to a meeting is considered a serious insult to the Chinese. It may well entail the failure of the entire meeting. It is recommended to bring a translator to the meeting who can translate for you and assist in explaining business customs according to Chinese formalities.