Top Misconceptions about Doing Business in/with China
JJ Wellesley Group has throughout the years helped numerous western small and midsized enterprises (SME’s) to do business in/with China. We discovered that a significant number of western SME managers/owners had some preconceived notions as to how it would be like to do business in/with China.
We often hear people say “You have to have a local partner in order to be successful in China” “The biggest problem is the language barrier” or “Chinese business people value long term relationships a lot more than short term profits.” Some of these notions are downright wrong; and some of them are only applicable in very limited settings.
We observed, on many occasions, that some of these misconceptions helped to lead western SME’s to make incorrect business decisions. Therefore, we think it is important for us to reveal some of the mostly commonly held misconceptions and explain why they can have negative impacts on your China initiative.
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Succesfully Set Up Factories in China with a Systematic Approach
For any Western companies seeking to build manufacturing facilities in China , the best way to reduce the chance of making costly errors and “detours” is to first develop a systematic, pragmatic, and detailed roadmap.
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