The Chinese market may be facing many challenges with current events. However, the economy is still growing at a rapid rate. U.S. business owners and investors are still actively building their businesses in China to reach the globalized market.
Every business partnership should establish a partnership agreement. However, the laws that dictate partnership agreements in China are different than they are in the U.S.
Despite all of the differences that exist between the U.S. and Chinese markets, there are several aspects of forming a business that do not change.
In some cases, the only way businesses can establish themselves in China is through a joint venture. Chinese law often requires U.S. businesses to use joint ventures, so they are some of the most common entities overseas.
The cloud is a new way for individuals to store anything from photos to music or documents. However, it also allows people to use streaming services such as Netflix or communicate with people across the globe through Microsoft OneDrive. It connects the world through the internet like never before.
Sometimes in a business negotiation, it can feel like you and the other party are speaking a different language. You both have something the other wants, but getting to an agreement is challenging.
Once a business decides their next endeavor is the Chinese market, the next logical step is deciding how to do it. For some, the best course is to set up a separate business organization in China. Below, we outline the most common legal structures for foreign-invested business in China.
Made in China 2025 is a ten-year plan aimed at quickly updating China’s manufacturing base to more high-tech products. When it was introduced in 2015, it drew a lot of attention by global leaders – especially in the United States.
A new study released this week found that, in light of trade tensions between the two countries, Chinese consumers are buying fewer products from the United States. The survey, released by London-based firm Brunswick, polled 1,000 American consumers and 1,000 from China to find out how the ongoing “trade war” was impacting buying habits.
Many businesses look to licensing deals with Chinese companies as a low-cost way to enter the Asian market. However, while an agreement to license your product in China can provide many benefits there are a few important differences between the U.S. and China that come into play.