Chinese and Western business practices differ, quite a lot. Bill Dodson recalls on his weblog a due diligence trip into Zhejiang province, visiting a company that offered to their Western visitors two accounting books. The Western visitors were shocked. A different modus operandi.
Category Archives: business
The Shenzhen-based business man, artist and charity activist Mark Obama Ndesandjo has kindly agreed to join China Speakers Bureau. In a few years time, he has has helped to put social corporate responsibility on the local agenda and is helping companies to enter the challenging China market.
The lack of an independent legal system is holding back China’s innovative power; protecting the rights of entrepreneurs and innovators is key, business analyst Paul French tells in NPR. And then there is social welfare, health care pensions and a few other things.
The fairy tales of sky-high valuations for China internet companies at exchanges in the US seem over, yet again. Financial analyst and VC William Bao Bean expects a return to realistic valuations, in a soft landing, he tells The Australian.
Media watcher Jeremy Goldkorn tries to analyze for TechCrunch the mess Groupon it getting itself in, now the US firm is teaming up with China’s internet giant Tencent. Sending inexperienced expats to China, might just be only one of its problems.
It took Janet Carmosky thirty years not to write a book about what she knows about China, she tells in Forbes, and hopes Former US Treasury Secretary and Goldman Sachs CEO Hank Paulson will take at least that much time before he finishes his announced book on China.
US businesses working in China are reluctant to criticizes Chinese government departments, like they would do in the US, and for good reason tells professor Victor Shih in The International Business Times. The chance of getting into trouble is always present.
The US could lose 1 to 2 trillion US dollar in revenue if they successfully scare away Chinese investors, writes Shaun Rein in CNBC, quoting a recent Asia Society report. “Fear mongering about China by American politicians and businessmen like Donald Trump has made Chinese think twice about investing in the U.S.”