China Sourcing Agent Essay

Entering an untapped international market can strengthen a business tremendously—but what if the costs outweigh the benefits for the market itself? China has long been an important player on the global stage, but recent advances in manufacturing, natural resources, and energy production have catapulted the expansive country to the forefront of international trade. Currently the world’s fastest growing major economy, China is set to eclipse the United States as the world’s largest economy by 2016. Among various domestic and international plays, one of China’s most fascinating uses of its

The following examines the nation of China and its trade relations with the world, particularly the United States. The focus is primarily on China’s culture and how it impacts business dealings with other countries. Areas examined include: Religion, Management Philosophy, and Business Etiquette. Also discussed is China’s growing status as a world super power and how that has impacted the global business landscape. Likewise, various trading partners are examined and the effects of doing business with China, specifically for the United States. Points of concern for the United States are things such as the

This process has more significance in most countries except the Unites States. The approach in the U.S. is to get down to business straight away without wasting too much time on people. This is in stark contrast to the process in China where the focus is on building “Guanxi”, that is, the intricate and omnipresent network of personal relations. The U.S. approach can be a huge problem when doing business with China. The American efficiency interferes with the patient development of a mutually trusting relationship – the very basis of an Asian business agreement. This is what happened in the case study. Mr. Smith had done his research and was aware about the Chinese business methodology, but he did not think it was important to implement it. He was well advised by Mr. Tang. Mr. Tang, even though pointed out the significant features of the “American” and the “Chinese” way of doing business, did not stress enough to make Mr. Smith understand its significance. Mr. Tang also jeopardized his relationship with Mrs. Ming whom he had known for many years by not disclosing that the supplier was not a direct supplier.

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Chinese market has become mature for Alibaba, hence the reason to explore outside China. Alibaba has been turned into a global organization but still holding China as it’s major focus. Almost 75% of China’s ecommerce market is dominated by Alibaba. China has 560 million internet users twice as many as the U.S. who spend an average of 20 hours a week online.

Doing business in China may require more patience and understanding the culture before adventuring in taking a foreign assignment. There are several factors that need to be looked at before taking the assignment, knowledge, skills, and culture understanding, knowing how to negotiate and knowing when to except the idea. There are traditions and customs that China has that have to be known before anyone conducting business in China needs to know. China is based on an old system of proper manners and etiquette when doing business. Doing business in China you need to know their customs and know how to communicate effectively but there are more things that need to be looked at such as political differences, building trust and respecting Chinese culture. As part of this paper I will answer several questions about my assumptions about China, adjusting my behavior on a business trip to China, Chinese managers running a business in the United States and if I would be less interested in taking a foreign assignment.

Due to the large increase in globalization, many organizations relay on international business for competitive advantages. However, offshoring a business has never been easy especially if there are a lot of cultural, environmental and economical differences. China’s opening up to the world has not only made China’s economy stronger but it has also given many advantages to the outside world as well. Some of those advantages include cheap labor cost, risk sharing, economies of scale and less operational cost but to achieve these advantages it may takes plenty of time to observe new location, cultural training, and understanding of international business. As written in the article, “Red China, Red Tape: How to Start a Business There,” China

The Chinese government is highly involved in business practices, unlike the American government. Their government plans China’s economy; therefore, it can be difficult for Americans and other foreigners to understand and work with them. Those making major business decisions need to understand Chinese government regulation and involvement in business practices. Chinese law lacks consistency and the their government has the right to change the standards at anytime without notice.

The People's Republic of China is the second-largest country in the world by land area, with a unique style of doing business. People from other countries would also look at America and think they have a unique style of doing business as well while we would see it as the norm. By the same token, China’s take on the business world, economy, and general way of shopping vastly differs from the American’s because Chinese business value personal relationships in comparison to American’s more impersonal style.

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Even there is a possibility that the retailer can purchase directly from Chinese manufacturer which can be availed at cheaper price.

Within this essay I will be discussing the differences the China and USA do business in relations to communications, relationships and connection and entering contracts.

China, although a communist dictatorship, is expected to become the globe’s largest economy by the year 2030 (McFarlane, 2008). A large competent labor force, strong system of education, entrepreneurial culture, and massive government infrastructure investments allows China to stake its super power claim in the global economy (McFarlane, 2008). To do business with China, one must understand the country’s history and context (McFarlane, 2008, p. 2). China

China, the world’s largest society, is created by a set of institutions that across extensive linguistic, environmental, and subcultural differences (Hays, 2012). Residents of the southern and northern regions of the country might not understand each other 's language, enjoy each other 's foods, or make a living from each other 's land. China has diversity of people and language. Over 50 different nationalities living in China, the majority (94 percent) are Han Chinese; the other groups include Tibetans, Mongolians, Zhuang, Li and Miao whose languages and customs are quite different from those of the Han (SACU, 2001). The official language in China is Mandarin (Beijing dialect), as spoken in Beijing (the Capital), but there are also many different dialects to listen for. The main different in China is "Mainland" such as Jiangsu, Zhejiang, Shanghai non-trading port and “Costal provinces”

This is probably the reason that doing business in China is currently so challenging. In addition, there is always the language barrier to overcome as well. Despite the fact that most Chinese are learning English as their second language, there is no doubt that being able to speak Chinese as an American coming to China for business has a huge advantage over the rest of the competition.