Amazines Free Article Archive
www.amazines.com - Wednesday, October 21, 2020
Read about the most recent changes and happenings at Amazines.com
Log into your account or register as a new author. Start submitting your articles right now!
Search our database for articles.
Subscribe to receive articles emailed straight to your email account. You may choose multiple categories.
View our newest articles submitted by our authors.
View our most top rated articles rated by our visitors.
* Please note that this is NOT the ARTICLE manager
Add a new EZINE, or manage your EZINE submission.
Add fresh, free web content to your site such as newest articles, web tools, and quotes with a single piece of code!
Home What's New? Submit/Manage Articles Latest Posts Top Rated Article Search
Google
Subscriptions Manage Ezines
CATEGORIES
 Article Archive
 Advertising (133418)
 Advice (161141)
 Affiliate Programs (34751)
 Art and Culture (73737)
 Automotive (145654)
 Blogs (75198)
 Boating (9843)
 Books (17221)
 Buddhism (4128)
 Business (1328961)
 Business News (426365)
 Business Opportunities (366330)
 Camping (10967)
 Career (72752)
 Christianity (15847)
 Collecting (11638)
 Communication (115068)
 Computers (241945)
 Construction (38924)
 Consumer (49684)
 Cooking (17066)
 Copywriting (6635)
 Crafts (18205)
 Cuisine (7543)
 Current Affairs (20417)
 Dating (45881)
 EBooks (19691)
 E-Commerce (48222)
 Education (185288)
 Electronics (83503)
 Email (6407)
 Entertainment (159838)
 Environment (28929)
 Ezine (3039)
 Ezine Publishing (5449)
 Ezine Sites (1550)
 Family & Parenting (110922)
 Fashion & Cosmetics (196423)
 Female Entrepreneurs (11845)
 Feng Shui (131)
 Finance & Investment (310450)
 Fitness (106330)
 Food & Beverages (62909)
 Free Web Resources (7939)
 Gambling (30221)
 Gardening (25143)
 Government (10530)
 Health (629697)
 Hinduism (2206)
 Hobbies (44054)
 Home Business (91574)
 Home Improvement (251127)
 Home Repair (46168)
 Humor (4834)
 Import - Export (5453)
 Insurance (45105)
 Interior Design (29581)
 International Property (3485)
 Internet (191001)
 Internet Marketing (146452)
 Investment (22837)
 Islam (1167)
 Judaism (1356)
 Law (80477)
 Link Popularity (4595)
 Manufacturing (20853)
 Marketing (98964)
 MLM (14136)
 Motivation (18218)
 Music (27013)
 New to the Internet (9495)
 Non-Profit Organizations (4048)
 Online Shopping (129630)
 Organizing (7803)
 Party Ideas (11852)
 Pets (38068)
 Poetry (2234)
 Press Release (12682)
 Public Speaking (5635)
 Publishing (7526)
 Quotes (2407)
 Real Estate (126636)
 Recreation & Leisure (95385)
 Relationships (87666)
 Research (16165)
 Sales (80334)
 Science & Technology (110255)
 Search Engines (23486)
 Self Improvement (153216)
 Seniors (6235)
 Sexuality (35947)
 Small Business (49293)
 Software (83013)
 Spiritual (23474)
 Sports (116104)
 Tax (7659)
 Telecommuting (34066)
 Travel & Tourism (307827)
 UK Property Investment (3121)
 Video Games (13428)
 Web Traffic (11739)
 Website Design (56837)
 Website Promotion (36586)
 World News (1000+)
 Writing (35788)
Author Spotlight
JASON STEVE

Writing is my passion, Social media marketing is my love. I have written many articles on various ni...more
ELLISEN WANG

I'm Ellisen, nice to meet you! Obviously you're here because you want to know who I am. Wel...more
ANISH SAH

My Name is Anish Sah, I am an Internet Marketing and SEO Expert, Social Media Guru and young Entrepr...more
HELEN STEPHENS

I love to research products and write reviews only high-quality useful products. ...more
GAURAV KHURANA

I am the Founder Director of DialaBank.com, India’s First Financial Helpline and am an expert on Per...more


Great tips for doing successful business in China by Innes Donaldson





Great tips for doing successful business in China by
Article Posted: 07/04/2016
Article Views: 209
Articles Written: 1483
Word Count: 530
Article Votes: 0
AddThis Social Bookmark Button

Great tips for doing successful business in China


 
Advice,Business,Consumer
Everybody wants to get into the Chinese market at the moment, China is rapidly becoming the world's largest economy and opportunities in the country are highly sought after by businesses and investors looking to expand their portfolio of offerings. However there's no secret that many foreign investors have found themselves struggling in China, paying attention to the financial side of a business is vital to maximise profits and minimise losses. Here are some simple tips to get you started.

Be Prepared for Serious Competition and Constant Pricing Pressures

One of the major problems facing companies in China is the highly dynamic nature of the local market. The moment an enterprise reaches a certain level of success then multiple competitors will spring up overnight. Because the playing field is geared for domestic producers, this means in practice that these competitors can get easy and low cost access to capital and preferential treatment in a host of other areas.

This has a rapid "knock on" effect on pricing and many Chinese companies with large cash reserves may be willing to sell at a loss for a period, or worse give away the product for free in the hopes of earning revenue on services.

Goods sold within China do not generally attract high margins (outside of highly desirable highly visible "branded" names) and nor do services. This doesn't mean that those selling into the local market can't make money, but it does mean that margins will be considerably lower than for equivalent businesses in the West and that those margins may be under threat at any time. Market positioning is key to avoid failure through over charging.

Getting Paid

Firstly ensure that your credit terms are explicit and in keeping with the local economy, it is highly unusual for Chinese suppliers to offer much (if anything) in the way of credit facilities. The business norm particularly at the start of a relationship is for the vast majority of costs to be paid up front prior to commencing a project with a letter of credit provided to cover the balance. If credit terms are extended they are minimal and never for long periods of duration.

Secondly, you need to be specific about the currency in which you will be paid and where this will be paid. China has strict currency controls and you may not be able to take the currency you're paid in out of the country even if it's in your local currency and not in RMB. Some companies may not be able to pay you in the currency you require and may need to engage a "window" company to make the transactions on their behalf.

Finally it's often said that credit risk management is impossible in China because of the lack of a clear financial system and ratings agencies. This is not the case; it's just more work than it is in more established markets. You can undertake your own credit risk assessments or engage a consultant to do so for you, while there are obviously no guarantees you can substantially reduce your risk exposure by doing your homework in the first place.

Related Articles - China, China Business, China Trade,

Email this Article to a Friend!

Receive Articles like this one direct to your email box!
Subscribe for free today!

 Rate This Article  
Completely useless, should be removed from directory.
Minimal useful information.
Decent and informative.
Great article, very informative and helpful.
A 'Must Read'.

 

Do you Agree or Disagree? Have a Comment? POST IT!

 Reader Opinions 
Submit your comments and they will be posted here.
Make this comment or to the Author only:
Name:
Email:
*Your email will NOT be posted. This is for administrative purposes only.
Comments: *Your Comments WILL be posted to the AUTHOR ONLY if you select PRIVATE and to this PUBLIC PAGE if you select PUBLIC, so write accordingly.
 
Please enter the code in the image:



 Author Login 
LOGIN
Register for Author Account

 

Advertiser Login

 

ADVERTISE HERE NOW!
   Limited Time $60 Offer!
   90  Days-1.5 Million Views  

 

Great Paranormal Romance


STEPHEN BYE

Steve Bye is currently a fiction writer, who published his first novel, ‘Looking Forward Through The...more
LAURA JEEVES

At LeadGenerators, we specialise in content-led Online Marketing Strategies for our clients in the t...more
ADRIAN JOELE

I have been involved in nutrition and weight management for over 12 years and I like to share my kn...more
STEVERT MCKENZIE

Stevert Mckenzie, Travel Enthusiast. ...more
DAMIAN POWELL

Demonstrated exceptional leadership in the government and private sector at an executive level. Skil...more
JASON NG

Jason Ng has a huge passion for the health and fitness industry as he strongly believes that having ...more
SUSAN FRIESEN

Susan Friesen, founder of the award-winning web development and digital marketing firm eVision Media...more
TIM FAY

I am not a writer nor am I trying to become a writer. I am an average person with average intelligen...more
GENE MYERS

Author of four books and two screenplays; frequent magazine contributor. I have four other books "in...more
MICHAEL BRESCIANI

Rev Bresciani is the author of two Christian books. One book is an important and concisely written b...more

HomeLinksAbout UsContact UsTerms of UsePrivacy PolicyFAQResources
Copyright © 2020, All rights reserved.
Some pages may contain portions of text relating to certain topics obtained from wikipedia.org under the GNU FDL license