Why China?
What is the greatest challenge in doing business with China?
Have you run into any barriers when doing business in China?
How can you avoid these barriers?
How can you protect your Intellectual Property in China?
We Have the Solutions for You!
Why China?
China is now the third-largest buyer of US exports. The US exported $85.4 billion to China and Hong Kong in 2007. China is the fastest growing of the United States major export markets. The US exports to China grew about 18% in 2007 and 301% since 2000.
China is also the second largest seller and buyer of gold and automobiles in the world and ranks third in consumption of health care supplies and luxury items. In fact, China is expected to top the global luxury market by 2014, with a market share of 23%.
For the past 5 years, Chinas annual consumption growth rate was at 13% and it is estimated that if growth continues at just 10%, Chinas consumer market scale will exceed RMB 30 trillion by 2020.
China did excellent job on 2008 Olympics and this further impressed the whole world by its extraordinary performances, intelligent people and advanced infrastructure and facilities.
Chinas fascinating Growth in US Exports from 20002007
Exports to China: 301%
Exports to Rest of World: 44%
Top US Exports to China:
1. Computers and Electronics $13.3 billion
2. Transportation Equipment $9.4 billion
3. Chemicals $7.9 billion
4. Waste & Scrap $7.3 billion
5. Machinery (except Electrical) $7.1 billion
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What is the greatest challenge in doing business with China?
- GuanXi: Relationship and Trust
- Language and cultural barriers
- Patience and due diligence
- A trusted partner in China is extremely important to establish these relationships.
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Have you run into any barriers when doing business in China?
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Are you thinking about doing business in China or have you thought about expanding your business opportunities into China, but arent sure where to start or how to accomplish this?
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Have you found it frustrating and stressful to communicate with your Chinese vendors, suppliers or clients due to simple factors such as language barriers or cultural differences?
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Do you know if the prices you are paying are too high for you to make maximum profit?
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Have you ever encountered issues with a suppliers poor performance or an increase in price and cant find a solution?
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How can you avoid these barriers?
Lack of knowledge of Chinese tax and legal system,
company registration, policy constraints plus language and
cultural barriers can kill your company at the beginning
when penetrating to Chinese market.
Learning the culture differences, going to language training and reading books related doing business with China are not enough. The safest and most efficient way is to hire a professional consulting company like Yang International Business Consulting that has ground support offices in both China and the United States, has extensive knowledge and experience with both Chinese and American culture and business practices. This will save you a tremendous amount of time, energy and money and earn the largest returns in the most efficient way.
We are here to help you and your business successfully navigate your way through international business issues and barriers. Our goal is to assist you in doing business with China so that you can focus on what you do best.
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How can you protect your Intellectual Property in China?
To minimize our clients risk on IP issue, we always suggest to our clients:
1. File for patents in China. If you file a patent application in any PCT country then within one year either 1 ) file in China or 2) file a PCT application and then file in China within 30 months, you can potentially end up with patent coverage for China. Not only is the timeline not extendable, however, the first patent filing in a PCT country needs to be done before any offer for sale, sale, publication or disclosure anywhere in the world or all rights can be permanently lost in China. Its best to consult an IP expert before proceeding.
2. Select a Chinese manufacturer with a good reputation. This is the most important factor in minimizing the risk of generating counterfeit products. We cover this item for you. We assist our clients in selection of manufacturing partners with good reputations and established track records demonstrating quality manufacturing, record keeping, and respect for intellectual property.
3. Use more than one manufacturer to produce bulk parts and components, and to use a separate manufacturer to do the assembly and packaging. This, of course, is based on a company's business needs and product.
We have professional and reliable legal sources and agencies in both China and US to assist you to go through this sensitive but important procedure to well protected your companys copyright in China.
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WE HAVE THE SOLUTIONS FOR YOU!
We Provide:
Communication Negotiation Translation Market Expansion Sourcing
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