"China
is only for low cost manufacturing."
China can be used for low cost manufacturing, but it now possesses
the ability to research and develop telecommunications equipment, semiconductor chips, and nano-technology. China graduates
the world's most number of engineers and scientists.
"My products & services are too expensive for China."
The World Bank estimates
that China's middle class is growing at 11% annually. Shanghai now boasts the world's most millionaires
and growing by 30,000 every year. China is no longer a third world country. Its consumers and businessmen
want high-end consumer products (Couch, Rolex), medical equipment & services, industrial equipment, and electronics.
China's companies produce cutting-edge products and technologies- nano-material, aerospace, semiconductors, and medical equipment.
"One
strategy works for all of China"
China
is too big for one strategy. China was once a combination of many smaller countries feuding with one another.
Chinese discriminate against one another based on regions, making it difficult sometimes for a Southern Chinese to do business
with a Northern Chinese. U.S. companies must develop China regional strategies, typically one for the north, south,
and southern coastline.
"I'm protected
in China with my contract."
There are laws to protect business contracts, copyrights,
patents, and trademark property, but these laws are currently unforceable. The legal system and enforcement agencies
are not yet equipped to handle "white collar" crimes and litigation. Business is still conducted on a "trust
basis." However, you cannot do business based on trust alone. It's a fine line. ALL IN Consulting
has the experience and knowledge to guide you through the complexities of China.
