Of all the many barriers to doing business in China – distance, customs, laws, and so on – none is as personally challenging as language. Not being able to understand or be understood makes it difficult to simply get through the day, let alone conduct business.
U.S. businesses are in direct competition with European companies in China. With tariffs and threats of trade wars, it is not an easy task for a business to remain competitive. Many European nations perceive the current disputes between China and the U.S. as an opportunity.
After many years of incredible growth, it’s only natural that the Chinese economy will pull back a little. Concerns about this are growing as the trade war with the United States sinks in as a reality.
A chief concern of many businesses is the ability to protect the data and privacy of their clients. Yet when doing business in China, this can be difficult.
The ability to protect intellectual property is vital. Intellectual property includes a company’s inventions, technology, and images. It involves practically everything a company sells to customers.
Though fears of trade wars are ongoing, there also are continuing negotiations that may result in American companies having greater leverage when doing business in China. Such companies will also have to remain patient.