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#10 can't be more right, especially with the chinese always coming to you with this "China is different" crap. As if they knew anything else than China. As if they knew China themselves...
Posted by: Edouard | September 24, 2007 at 06:44 PM
Edouard, thanks for your comment.
You are perfectly right. I think I can even add 10 additional tips.
I added the #10 one because I also think a lot of foreigners especially the young ones and the ones who have been here for more than a decade are more inclined to do in a total different way than the international way. I think they shall be a balance between the "Western way" and the "Chinese way". The hardware shall be internatinal while the software shall be Chinese.
Posted by: Romain Guerel (depuis Pekin) | September 24, 2007 at 07:54 PM
Very interesting "Top 10" list. I also would like to comment that we have a site [http://www.renmenbi.com] that covers some cultural differences and how to understand the business environment in China. Check that out and you'll see that China is quite different.
Posted by: renmenbi.com | September 27, 2007 at 07:33 PM
Renmenbi-
I am glad you like it.
Posted by: China and I | September 27, 2007 at 09:00 PM
Very good post. The observations are all spot on. I've been doing business in China since 1984, and I have had to tell my American colleagues the same ten points, over and over again.
Posted by: Peter Levenda | February 20, 2009 at 08:25 AM
Great tips, particularly 4,5,8,9, but I'd be careful on Tip #1. There is a tremendous asset bubble built up in the real estate space. Many of the private projects, like the rest of the world, were dependent on foreign capital generated through leverage. As the world deleverages, it is going to be painful everywhere, including China, in a wave form.
As you know China has some very big challenges in Social Security, healthcare, education, rural/urban development gap, transitioning from the low cost provider to the innovator, etc. Point is lots of future costs. True, not a bubble Japanese style or dot-com style, yet, but still an asset bubble.
Given all this China is still one of the most exciting and dynamic societies.
Posted by: joe | February 20, 2009 at 09:11 AM