With the modern Chinese business culture only being 20 years old there are many traditions that are still deeply rooted.

1. 4 WEIRD THINGS SHOULD
KNOW ABOUT DOING
BUSINESS IN CHINA
For additional information about Business with China
please visit www.China-Business-Connect.com

2. www.China-Business-Connect.com
With the modern Chinese business culture only being 20 years old there
are many traditions that are still deeply rooted.
Add to this relatively young economic superpower, the fact that it is
poised to become the world leader in business and you have a country
that is ripe with possible partnerships.
There are still nuances that will continue into the foreseeable future
about doing business in China and here are 4 weird things to keep in
mind.
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1. DON’T PUT BUSINESS CARDS IN YOUR SHIRT
POCKET WHEN YOU RECEIVE THEM
The respect that is shown to business cards may be strange for business
people of the Western culture, but there is a specific manner to receive
and present business cards in China.
When you are giving out your cards you are supposed to use two hands,
add a slight bow, and start with the most senior member of the group.
Upon receipt you are supposed to lay it on the table in front of you and
take a second to admire it before putting it away.
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2. A FOLDED CHECK IS WORTH ONLY THE
PAPER
Even if the check is made out for a million dollars, the bank won’t
accept it if it happens to be folded.
They sell specific check holders that will help to keep the edges crisp
and encourage your Chinese business partners to sign in black ink, if
they don’t already, as there are still many tellers that will make a fuss
over any other color; including blue.
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3. RECEIPT FIRST, MONEY SECOND, TAXES
ALWAYS
With the word for invoice and receipt being the same in Chinese, many
customers will expect a tax receipt before they process the payment.
Be careful though as taxes are paid monthly regardless of the fact that
the customers have paid or not, which can be a cash-flow headache if
you don’t account for this discrepancy.
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4. FOREIGNERS WILL HAVE TO PAY
UNEMPLOYMENT BENEFITS.
In 2011, a new law stated that anyone that receives a salary within
China must pay into the unemployment benefits.
This would be justifiable if you could receive these benefits but if you
have a work visa and then lose the work, you lose the visa, which
means that there is no way for you to collect on the unemployment.
Thankfully this law isn’t being enforced yet, but with a retroactive
clause it could cost you if you are not paying attention.
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7. For additional information about Business with China
please visit www.China-Business-Connect.com