Part three: Social Relationships and the concepts of guanxi and mienzi Today’s entry is about “social relationships” and the concepts of guanxi and mienzi . It is of extreme importance to become familiar with the Chinese way of interact with other people to be more effective in this particular environment. Chinese Culture has an important …
Staggering amounts of money exchanges hands and gets moved around China and out of China every day. How is it done? The “Wall Street Journal China” posted an article on its “China Real Time Report” yesterday, March 19, entitled, The Mechanics of Moving Money out of China”. ( http://blogs.wsj.com/chinarealtime/2012/10/19/how-hong-kongs-legal-system-enables-china-cash-flight/ ) written by Alex Frangos. Mr. …
Investors, speculators and businesses world-wide are trying to decipher all of the mixed signals and the sometimes seemingly irrational actions of Mongolia’s elected leader to help them to decide whether they should get into Mongolia, stay in Mongolia or get the heck out of Mongolia. It’s a tough call for sure. So for all of …
Mongolia, Things May Get Worse Before They Improve Read More »
Part two: The role of the Chinese government in the business context. To continue with this new series of entries on cultural obstacles when establishing a presence in China, today I am touching upon the role of the Chinese rulers when it comes to apply or interpret their own laws and regulations, in fact it …
Lehman, Lee & Xu represents many of the world’s most successful multinational corporations, financial institutions, nongovernmental organizations, and government agencies in a wide range of their operations. LLX’s fields of expertise include: foreign direct investment, taxes, corporate commercial, finance, patents, trademark law and mining law. In addition, as part of a pro bono program, Lehman …
Edward Lehman Selected Leading China Corporate Commercial Lawyer 2013 “Lawyer Monthly” magazine has selected Edward Lehman, of Lehman Lee & Xu, China, as the winner of its 2013 Individual Legal Award: “Leading China Corporate Commercial Lawyer 2013″. The “Lawyer Monthly” annual awards recognize the achievements of law firms and individuals who have engaged and responded …
Running a business may become ever more difficult to do as China’s work force becomes ever more migratory. Workers are moving from place to place seeking better pay and better working conditions. Chinese workers want more and they are willing to talk with their feet and keep on moving until they find something better. On …
Many of you may not know that website for the U.S. Library of Congress has a section called, “Legal Research Guide: China” and it can be found at: http://www.loc.gov/law/help/china.php . This site features four topics: Introduction to China’s legal system, Official sources of law, Print Sources and Web resources. To give you a taste of …
The U.S. Library of Congress, Reuters, and Sinocism on China. Websites of interest. Read More »
Part one: The Law As introduced yesterday, understanding the legal environment is only a part of the equation to success here in China. The other part is understanding the culture and ideas of the country you are doing business in. Consequently, success will come for those that do not just think local, but also act …
China is growing fast, then if we consider that its consumer market has the potential to be larger than that of North America and Western Europe combined, it is not surprising if companies from every corner of the world are rushing to establish a presence here. China‘s rapid economic growth, especially in the urban areas, …
Understanding the Chinese Cultural environment when doing business in China Read More »
