ChinaThunda Soontorn 562406

China Profile

The People's Republic of China (PRC)

National emblem

• The red represents the communist revolution• The five stars and their relationship represent the unity of the Chinese people under the leadership of the Communist Party of China (CPC)• Referred to as the "Five-star Red Flag"

National flag

https://www.youtube.com/watch?v=IeMFXiEq_ow

Chinese Ntional Anthem

National Anthem of China

National map

Capital : BeijingLargest city: Shanghai

• The world's most populous country , with a population of over 1.38 billion.

Populations

President of PRC

Xi Jinping

Currency of China

Chinese Yuan Renminbi (CNY)

Local food

Dim Sums

Local Costumes

Local language(s)

Official languages : Standard Chinese

https://www.youtube.com/watch?v=s00Q79fj2vM

VDO

Local fastivals• Spring Festival

• Lantern Festival

• Qingming Festival

• Dragon Boat Festival

• Double Seventh Festival

• Mid-Autumn Festival

• Winter Solstice Festival

Local cultureMartial arts• China is one of the main birth places of Eastern martial arts• Chinese martial arts are collectively given the name Kung Fu

Eating of Chinese

• Sit-Down Buffet, share the Same Dishes

• Touching Tables is OK

• Chopsticks, No Knives or Forks

• Number 8 and Other "Lucky" Numbers

Lucky Numbers and Colors

• Yellow, Red and Green are Considered Lucky Colors

Business and Trade

Local productsWest Lake Dragon Well Tea

emerald green color

aromatic flavor

sweet tastebeautiful

appearance

Wangxinji Fans Hangzhou Silk

West Lake Silk Umbrella

Top import product

Electronic equipment oil

Machines, engines, pumps

Ores, slag, ash

Medical, technical equipment

Top export product

Furniture Knit or crochet clothing

Clothing

Plastics

Vehicles

10 Tips in doing business in China

• Focus on building the relationship before talking business

Tip1

Tip2

• Be patient and do not try to speed up the decision making process.

Tip3

• Show respect towards age, seniority, position and status.

Tip4

• Avoid conflict, do not disagree with people openly and never say “no” directly.

Tip5

•Be well preparedand be mindful of building credibility.

Tip6

• Respect the group orientation and the need to save face

Tip7

• Be patient. Meetings are mostly for building relationship rather then doing business

• Use personal examples and stories

Tip8

• Decisions are made at the top of the hierarchical pyramid

Tip9

Tip10

• There is more than Beijing and Shanghai: 160 cities, which are less well known, with more than 1 million citizens

Challenges in

Doing Business

Market access

• China a very difficult market to access because…

- Local distribution networks

- Buying habits of local consumers

- regulatory requirements

Consumer preference

• The consumer environment is far more diverse than it once was.• Completely detached from markets elsewhere in the world

Bureaucracy

• Overseas firms often struggle with laws and regulations in China

Competition

• The government can give preference to domestic firms, which makes disrupting the market rather difficult.

• Consumers can give preference to native companies over those from abroad.

Chinese are better at saving money and long-term planning

Chinese VS Thailand

Thais are more generous

• Administration, licensing, product approvals and many more laborious operating task.

Administration

Different in the Chinese and Thai culture

Thais put family first, but tend to be welcoming, respectful and helpful towards outsiders.

Chinese VS ThailandChinese only care for their family and close friends

Chinese VS Thailand

Chinese are better at saving money and long-term planning

Thais are more generous

Chinese VS ThailandThai students have to pay a significant number of money for study

Chinese students are free.

Applying Cross-Culture Management Concepts in China

Seeks to understand and improve the interaction of :

Cross-culture management

- Co-workers- Managers- Executive- Clients- Suppliers- Alliance partner

• GuanXi :Building a strong network of relationship

- Trust each other to do business.

- Support system to help rather than to focus on the benefits

Cross Culture management concept :

• MianZI : Treatment Facial and respect to each other

- Helping friends within a network is a moral and social obligation

China is High-Context

• Primarily use non-verbal methods to relay meaningful information in conversations

• Trust must be developed before business transactions can begin.

Business and culture in China

https://www.youtube.com/watch?v=mBdiyKMUuF4

Conclusion

Thank you