Monday, August 8, 2022
  • About
  • Write for us
  • Contact
Today News
  • Business
  • Tech
    Get Up to Speed on the Technology Behind E-Bikes

    Get Up to Speed on the Technology Behind E-Bikes

    How Door-Based Security Can Protect Your Business

    How Door-Based Security Can Protect Your Business

    Keep A Tab On Your Loved Ones With A Small GPS Tracker

    Keep A Tab On Your Loved Ones With A Small GPS Tracker

    5 Reasons Why You Should Consider Dark Fiber

    5 Reasons Why You Should Consider Dark Fiber

    Tips for Using LIMS To Improve Business Efficiency and Profitability

    Tips for Using LIMS To Improve Business Efficiency and Profitability

    3 Benefits for Having the Latest Tech for Online Casino Games

    3 Benefits for Having the Latest Tech for Online Casino Games

    Best apps for winding down in 2022

    Best apps for winding down in 2022

    Learning Analytics: What Is It, What is Its Importance, And Mistakes To Avoid While Dealing With It

    Learning Analytics: What Is It, What is Its Importance, And Mistakes To Avoid While Dealing With It

    Online Casinos Now in Your Telegram App

    Online Casinos Now in Your Telegram App

  • Consumer
    Get Up to Speed on the Technology Behind E-Bikes

    Get Up to Speed on the Technology Behind E-Bikes

    How to Choose the Best Baby Nursery Furniture for Your Needs?

    How to Choose the Best Baby Nursery Furniture for Your Needs?

    Which Type Of Delta 9 Oil Is Right For You?

    Which Type Of Delta 9 Oil Is Right For You?

    5 benefits of adding CBD products to your daily routine

    5 benefits of adding CBD products to your daily routine

    Mistakes To Avoid While Using A THC Vape Pen

    Mistakes To Avoid While Using A THC Vape Pen

    Running a business? Get to Know the Consumer Trends of 2022

    Running a business? Get to Know the Consumer Trends of 2022

    The Incredible Benefits of Having a Boiler System For Your Home

    The Incredible Benefits of Having a Boiler System For Your Home

    Top 5 Perfect Gifts for News Junkies

    Top 5 Perfect Gifts for News Junkies

    Graduation Bracelets: Perfect Gift for the Perfect Achievement

    Graduation Bracelets: Perfect Gift for the Perfect Achievement

  • Finance
    Factors that Affect the Price of Shares in the United Kingdom

    Factors that Affect the Price of Shares in the United Kingdom

    Cryptocurrencies Vs. Stocks: Understanding The Differences

    Cryptocurrencies Vs. Stocks: Understanding The Differences

    5 Rules To Follow To Ace Crypto Trading

    5 Rules To Follow To Ace Crypto Trading

    What Are Some Of The Cryptocurrency Predictions Of 2023

    What Are Some Of The Cryptocurrency Predictions Of 2023

    Simple Guide To Choose The Bitcoin Exchange

    Simple Guide To Choose The Bitcoin Exchange

    Best Cryptocurrency Wallets In 2022

    Best Cryptocurrency Wallets In 2022

    What’s the Difference Between a Crypto Broker and an Exchange?

    What’s the Difference Between a Crypto Broker and an Exchange?

    How To Set Up A Basic Cryptocurrency Wallet

    How To Set Up A Basic Cryptocurrency Wallet

    Bitcoin Wallet Guide: Steps To Pick The Best Bitcoin Wallet

    Bitcoin Wallet Guide: Steps To Pick The Best Bitcoin Wallet

  • Environment
    Waste Sorting Behavior of University Students

    Waste Sorting Behavior of University Students

    Top tips on how to bring sustainability into the home

    Top tips on how to bring sustainability into the home

    How Is Cryptocurrency Affecting Our Environment?

    How Is Cryptocurrency Affecting Our Environment?

    How does Storage Space help in Green Energy ?

    How does Storage Space help in Green Energy ?

    How Fleet Managers Can Go Green to Save Money

    How Fleet Managers Can Go Green to Save Money

    10 Tips for Being More Eco-Friendly

    10 Tips for Being More Eco-Friendly

    Fresh Start Waste weighing technology minimises environmental impact of business waste

    Fresh Start Waste weighing technology minimises environmental impact of business waste

    Money does grow on them! Planting trees could benefit economy by £366 million and create 36,000 jobs

    Money does grow on them! Planting trees could benefit economy by £366 million and create 36,000 jobs

  • Property
    How to Choose the Best Baby Nursery Furniture for Your Needs?

    How to Choose the Best Baby Nursery Furniture for Your Needs?

    7 Creative Ideas To Make A Statement In Your Home

    7 Creative Ideas To Make A Statement In Your Home

    Common Home Emergencies and How to Handle Them

    Common Home Emergencies and How to Handle Them

    5 Ways to Make Your New House Feel Like a Home

    5 Ways to Make Your New House Feel Like a Home

    Top tips on how to bring sustainability into the home

    Top tips on how to bring sustainability into the home

    5 Tips for Doing a Change of Tenancy Deep Clean

    5 Tips for Doing a Change of Tenancy Deep Clean

    Outdoor Living: How To Expand Your Indoor Living Space To The Outdoors

    Outdoor Living: How To Expand Your Indoor Living Space To The Outdoors

    Advantages Of Electric Heating: Know Uses, Types, And Facts

    Advantages Of Electric Heating: Know Uses, Types, And Facts

    7 Things You Shouldn’t Ignore to Install in Your New Home

    7 Things You Shouldn’t Ignore to Install in Your New Home

  • eCommerce
    How To: Streamline Your International Shipping Process

    How To: Streamline Your International Shipping Process

    ECommerce Trends You Have To Know About in 2022

    ECommerce Trends You Have To Know About in 2022

    You can benefit a great deal by buying furniture online

    You can benefit a great deal by buying furniture online

    UK home to top three global e-commerce market when compared to national GDP

    UK home to top three global e-commerce market when compared to national GDP

No Result
View All Result
Today News
Home Sports

Problems with doing business in China

Claire by Claire
June 24, 2022
Reading Time: 5 mins read
Problems with doing business in China
527
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

China’s huge economy now offers enormous opportunities for foreign companies and startups due to its ever-increasing consumer market with endless potential. However, many new brands face plenty of risks and difficulties while looking to take over the local market. 

Besides, if you are looking for an amazing real-time experience before delving into a complex topic, you’ve come to the right place. At our Casinority site, we have a list of the best casinos which offer 10 free spins no deposit required for UK. If you are a newbie in the gambling world, choosing secure online casinos may seem an uneasy task, so in this case, at Casinority, you’ll find by the link the best Quickspin online casinos to win big. 

Related posts

Is Plymouth a Good City to Live? Yes, it is!

4 Best Beginner-Friendly Ski Resorts around the World

March 31, 2022
370
7 Reasons Why Thomas Tuchel and Chelsea Get On Well

7 Reasons Why Thomas Tuchel and Chelsea Get On Well

March 18, 2022
313

We have investigated some common potential problems doing business in China in order to help you cope with these challenges and avoid painful mistakes. Below is a list of the main challenges of doing business in China.

Licensing and Obtaining Intellectual Property Rights

Another problem with starting a business in China for foreign companies is challenges with intellectual property rights protection in China which is hampered by the failure of foreign companies to timely register their IP rights in China. Despite regulations that require business licensing decisions to be processed within a few weeks, many companies wait months for product approval and licensing of business operations. Besides, Chinese governments put domestic companies into a more favorable position by providing regulatory protection and implying tax incentives, increasing their advantage over foreign competitors.

Governmental Influence on business

The Chinese government actively manages the national economy and market conditions, so domestic companies often enjoy governmental, financial, and regulatory support. Besides, it can be challenging to stay on the right side of the law as a foreign company because the government has strict rules about the product manufacturing process. That is why it is crucial to investigate the details of laws and regulations because many details remain unpublished due to the lack of transparency.

Talent Recruitment and Retention

To grow an effective business, foreign companies hire dedicated employees with the right skills, but many foreign companies in China find it difficult to find and attract the right employees, as well as to retain them. The Chinese labour market tends to have a shortage of employees with high productivity suitable for a foreign firm. Another business problem in China is the problem of retaining staff in the long term. And this is another reason why salaries are rising so fast as companies are trying to retain existing employees and competition is fierce.

Cost Increases and Investments

China bans foreign investments, so foreign companies face difficulties raising investment when operating in the country. Besides, there is also the problem of general inflation affecting the cost of materials, the sphere which the Chinese government would like to keep under control. Market conditions also pose ongoing challenges, as rising labor costs are one of the main concerns of foreign companies about the Chinese market. The rapid development of the Chinese economy affects the cost of labor in manufacturing, so companies operating in the country now face rising production costs. Requiring government participation in business operations complicates joint ventures, resulting in a change of company’s corporate laws at the request of the Chinese government. However, this practice has been relaxed recently to give business owners greater certainty.

Competition with Chinese Companies

The Chinese consumer has become picky, and the state’s trend toward supporting local producers has exacerbated the situation. As a result, buying products from foreign companies only makes sense for the Chinese citizen if it is a top-rated or premium product with a high added value. So, many foreign market players face increasing overcapacity in some segments and constantly high activity of domestic competitors.

Bureaucracy

Many business owners find it challenging to follow corporate laws and regulations in China. Besides, the process of obtaining relevant licenses and permits is tedious and non-transparent. Despite significant efforts by the Chinese government to streamline bureaucracy, bureaucratic procedures can significantly slow down the development of your business venture. So, the lack of transparency along with strict requirements exacerbates the access to the Chinese market.

Cultural Understanding

Chinese culture continues to have a dominant influence on the daily life of the modern Chinese population. Besides, Chinese business culture is much more hierarchical than the corporate culture of foreign companies. So, having the knowledge of the Chinese market conditions, domestic companies are strong competitors for foreign companies intending to enter the Chinese market. 

Fierce Competition

Due to China’s economic growth, the number of foreign companies already operating or about to enter the Chinese market is growing. As a result, competition comes not only from foreign companies but also from local Chinese market players. What’s more, many domestic Chinese companies have been improving the quality of their products and services to compete with foreign companies and gain market share along with stronger support from the government. 

Market Access

Many foreign countries face significant challenges while entering the local market. Besides, the government is also giving incentives to these local companies, offering them better opportunities and reducing the red tape they have to deal with. That’s why domestic and state-owned companies control most retail space in China. Even if you have accessed the Chinese market, Chinese buyers prefer to support local companies, which means that even if your product is hugely popular in the rest of the world, it may not succeed in the Chinese market. 

Despite the above problems with doing business in China that foreign companies may face, the Chinese market is still a market with huge potential. So, carefully investigate these risks and barriers to overcome them before entering or developing the Chinese market. 

Previous Post

8 Steps To Feeling More Confident in Your Career

Next Post

Ways How Skip Hire Is Important for Waste Management

Related Posts

Is Plymouth a Good City to Live? Yes, it is!
Sports

4 Best Beginner-Friendly Ski Resorts around the World

March 31, 2022
370
7 Reasons Why Thomas Tuchel and Chelsea Get On Well
Sports

7 Reasons Why Thomas Tuchel and Chelsea Get On Well

March 18, 2022
313
How to Adapt Business Skills to Sports Betting
Sports

How to Adapt Business Skills to Sports Betting

March 4, 2022
228
Next Post
Ways How Skip Hire Is Important for Waste Management

Ways How Skip Hire Is Important for Waste Management

RECOMMENDED NEWS

How To Use A Cryptocurrency Wallet – A Not-So-Vague Guide For Beginners!

How To Use A Cryptocurrency Wallet – A Not-So-Vague Guide For Beginners!

2 months ago
11
Smoking survey: Brits reveal what they consider to be the best ways for a person to quit smoking

Smoking survey: Brits reveal what they consider to be the best ways for a person to quit smoking

5 months ago
12
Lithium-ion Battery Charging and Advantages

Lithium-ion Battery Charging and Advantages

4 months ago
319
Bank of England’s buy to let changes make it harder to get a mortgage, say landlords

Bank of England’s buy to let changes make it harder to get a mortgage, say landlords

4 years ago
2.4k

BROWSE BY CATEGORIES

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Entrepreneurs
  • Environment
  • Finance
  • Food & Drink
  • Gaming
  • Health
  • Insurance
  • Leisure
  • Lifestyle
  • Marketing
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel

BROWSE BY TOPICS

aberdeen AI analytics app bestplaces building carbon carbonzero cars connected construction coronavirus data digital ecommerce emerging engage green inflation insurance investment locatee modular offices onskil overseas parkopedia pocketbox portholme property reassured recruitment recycling refuse remoteworking selby seopa thinxnet veetee vehicles website workfromhome workspace yopa yorkshire

Latest news

Legendary sportsmen who regularly hit the casinos

Legendary sportsmen who regularly hit the casinos

August 8, 2022
What can we expect from future UK gambling regulation?

What can we expect from future UK gambling regulation?

August 5, 2022
How to Grow Your Business by Going Green: Our Top Tips

How to Grow Your Business by Going Green: Our Top Tips

August 4, 2022
Factors that Affect the Price of Shares in the United Kingdom

Factors that Affect the Price of Shares in the United Kingdom

August 4, 2022
Get Up to Speed on the Technology Behind E-Bikes

Get Up to Speed on the Technology Behind E-Bikes

August 4, 2022
How Door-Based Security Can Protect Your Business

How Door-Based Security Can Protect Your Business

August 4, 2022
Tech Tips To Improve Efficiency In Your Business

Tech Tips To Improve Efficiency In Your Business

August 3, 2022
Why Online Casinos Will Never Go Out of Style

Why Online Casinos Will Never Go Out of Style

August 2, 2022
How to Choose the Best Baby Nursery Furniture for Your Needs?

How to Choose the Best Baby Nursery Furniture for Your Needs?

August 2, 2022
How to Make Your Summer Party More Eco-Friendly

How to Make Your Summer Party More Eco-Friendly

August 1, 2022

Today News

  • About
  • Write for us
  • Contact

Sign up for our newsletter




Categories

  • Business
  • Careers
  • Charity
  • Consumer
  • Culture
  • eCommerce
  • Education
  • Entrepreneurs
  • Environment
  • Finance
  • Food & Drink
  • Gaming
  • Health
  • Insurance
  • Leisure
  • Lifestyle
  • Marketing
  • Politics
  • Property
  • Sales
  • Sport
  • Sports
  • Tech
  • Transport
  • Travel

Recent News

Legendary sportsmen who regularly hit the casinos

Legendary sportsmen who regularly hit the casinos

August 8, 2022
What can we expect from future UK gambling regulation?

What can we expect from future UK gambling regulation?

August 5, 2022
No Result
View All Result
  • Home
  • Business
  • Tech
  • Consumer
  • Finance
  • Environment
  • Property
  • eCommerce
  • Write for us
  • About
  • Contact