Why is China still the top manufacturing destination to source from in 2024? After opening up to the world in 1978 and joining the WTO in 2001, China has gradually grown its manufacturing sector to become the world’s biggest producer of manufactured goods. This article explains the advantages of sourcing from China and working with […]
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How to Overcome Problems of Sourcing and Procurement in China? While working with Chinese suppliers can be profitable, it can also be challenging. China is far away for most people. Most people have a limited understanding of this country’s culture and language. What are some of the challenges that many people experience when doing business
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AI, smart cities and Industry 4.0: Opportunities, trends and developments in china manufacturing This article makes future predictions for the trends and developments in china manufacturing and opportunities based on current developments and China’s long-term policy goals. In the aftermath of the COVID era of 2020-2022, the world is experiencing rapid change. The same applies
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The Importance of Building Incentives in your Product Sourcing Strategy When you want people to do something in your benefit, you need to build incentives to let them do what you want them to do. When creating your sourcing strategy, you aim to ensure your needs in China are met. You can hold your supplier
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Tips and tricks for effective communication with your Chinese supplier Effective supplier communication is among the most challenging issues when doing business in China. Barriers such as language, ethnocentrism, stereotypes and prejudice due to political and economic causes and the assumption of similarity instead of difference are significant issues that can cause difficulties in communication.
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The Importance of Building Trust and Supplier Relationship Management in China for Long-Term Business Success In China, relationships matter. Understanding the importance of guanxi in China and strategic supplier relationship management can significantly benefit your business in China. It requires effort and patience, but the rewards can be substantial. China has developed its cities and
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Balancing Nationalism and Globalization in an Everlastingly Rapidly Changing Modern China In 2012, when Xi took over power, China’s economy had become relatively vibrant and modern society. A country that opened up to the world with a growing well-educated urban middle class. China’s development from 1978-2012 centred on opening up, privatisation, and decentralisation of power,
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How China’s Pragmatic Reform and Opening Up Paved the Way for Unprecedented Growth of the Manufacturing Sector After the death of Mao Zedong in 1976, China was in terrible shape. The policies during Mao’s period failed, and China’s economy hardly grew after the devastating wars. It hadn’t become an industrial nation under Mao’s policies and
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The Lingering Impact of China’s Century of Humiliation on its Present China has not always been the economic powerhouse it is today. China has endured what it perceived as a century of humiliation. Long wars with foreign powers, internal wars and catastrophic internal governance led to massive poverty in the country for a long time.
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China’s trade history and its leading philosophies China’s values and history affect how they work and do business daily. An overview of China’s long history and the deep-rooted fundamentals of civilisation is presented in this article, as well as an overview of China’s trade history. I’ll try to give you some basic understanding of why
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