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March
Week 10, 2008
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Dear Zinester,
Here is this week’s edition, covering:
- Luxury Brands in China, Part II
- Evaluating your Audit Provider
- Western-Chinese Business: What Are Chinese Meetings
For?
- Rui Shi - The Imperial Guardian Lions
We hope you will enjoy reading this
edition.
Have a nice weekend!
All of us at China Success Stories
PS There is another Q & A in this
newsletter. Make sure to have a look if you know the answer to this
question, or if you have a question yourself don’t hesitate
to respond!
Chinese Expert Guest Blog
Luxury Brands in China, Part II
 While hard work and plain living have been revered virtues of the Chinese
people for generations, there has been a growth in demand for
foreign-branded or imported goods.(19) But running counter to the growing
habit of consumption in China is the traditional propensity to save. Though
luxury consumption is growing, for most the dominant social idea is still
prudent consumption and undertaking no more than you can perform. (20)
Research suggests that while the emerging middle class will continue to
save heavily, they will also spend increasing amounts of money. (21) This
is consistent with trends that suggest that China’s younger
generation of teenagers and twenty-somethings show less of the caution of
their parents and grandparents, and far more inclination to spend than to
save.
Read the rest or post a comment >>
Chinese Expert Guest
Blog
Evaluating your Audit Provider
 Much thought and effort goes into the selection of vendors, but how much
effort do you put into selecting an audit provider? Many potential clients
begin their conversations with “We have tried third party auditors in
the past…”
Does that sound familiar? I can’t tell you how to pick one company
over another. Your particular industry and needs will determine who is
right for you. What I can do, is give you some advice about audits in
general.
An audit in general terms is an objective evaluation of product, processes,
and/or systems. Most importantly, an audit is a comparison of actual
performance to predetermined standards. Note, please the emphasis on
predetermined standards, and the means to evaluate your auditor is clear.
You must first specify to what standards you desire your supplier to be
audited. Feel free to ask your potential auditor to what standard they will
perform an audit.
Read the rest or post a comment >>
Q
& A
Chinese cement manufacturers
I know of a Chinese cement manufacturer that’s looking for funding to
replace their old standing kilns with new “dry” rotary kilns
that will increase efficiency and reduce pollution and is as a matter of
fact, mandated by the government. Would you know some names that might be
interested in taking a look?
Answer this question >>
China Expert Guest
Blog
Western-Chinese
Business: What Are Chinese Meetings For?
 We introduced Greg Bissky to you in some earlier posts (if you missed
those, you can find them here: 'Western and Chinese business-More Than 1
Way To Communicate' and 'Communication in Chinese Offices'). This time Greg
talks about Chinese meetings. According to Greg, there are three times to a
Chinese meeting, before the meeting, after the meeting and during the
meeting. And the one time Chinese do not decide things, is during the
actual meeting. Meetings are for maintaining harmony and relationships,
decisions and arguments are made before and after.
Watch the video >>
Facts & Figures
Road
Tunnels
You never know when these
statistics might prove to be of value to you. So without further ado,
here's our weekly top 10.
Top 10 longest Road Tunnels
| |
Location Tunnel |
Year of Completion |
Length (m) |
| 1 |
Laerdal, Norway |
2000 |
24.510
|
| 2 |
Zhongnanshan,
China |
2007 |
18.040
|
| 3 |
St. Gotthard, Switzerland |
1980 |
16.918 |
| 4 |
Arlberg, Austria |
1978 |
13.972
|
| 5 |
Hsuehshan, Taiwan |
2005 |
12.900 |
| 6 |
Fréjus, France/Italy |
1980 |
12.895
|
| 7 |
Mont-Blanc, France/Italy |
1965 |
11.611
|
| 8 |
Gudvangen, Norway |
1991 |
11.428 |
| 9 |
Folgefonn, Norway |
2001 |
11.100 |
| 10 |
Kan-Etsu II, Japan |
1990 |
11.010
|
(Source: The top 10 of everything
2007)
Chinese Expert Guest Blog
Rui Shi - The Imperial Guardian Lions
 Huge, mythical beasts with piercing eyes and gigantic, roaring mouths
stand guard at many of China’s most important buildings and ancient
structures. The name of these imposing creatures is “Fu Dogs”
or Rui Shi (”auspicious dog” in Mandarin), also known as
Imperial Guardian Lions.
Started during the Han Dynasty (206 B.C. – 220 A.D.), the tradition
of placing two large statues of male and female lions near the entrance of
an establishment was intended to ward off evil spirits and protect from
enemies, and thieves. These statues were created from marble, bronze, iron,
and granite and the cost was expensive, therefore only the wealthy could
afford Fu Dog protection. Because of this, Fu Dogs became a symbol of
wealth and prosperity.
Read the rest or post a comment >>
Fun & Games
What the f*&%? translations
found on Chinese Signs
Translations found in China on signs all over the country.
Some are Japanese, can you spot them?
Watch the video >>
Comments
Marc in reply to Caution is the key in Chinese recruitment
There’s also a Chinese job portal which provides a measure of
“liability” based on the number of every job seeker’s
connections and recommendations from companies: …
Jonathan in reply to Luxury Brands in China
Thanks everyone for your quick responses.
Haitao Qi in reply to What is the best way for me to get local Chinese Oracle Consultants for a
project in Hong Kong?
Hi Tony, Thank you for the question. This is Haitao qi, CEO of
chinasourcing. There are many chinese software outsourcing companies can
provide you Oracle Consulting and development …
Brian Su in reply to Luxury Brands in China
Paul is VERY Correct! You will get fake “luxury” brand goods
off these websites.
Paul Tittmann in reply to Luxury Brands in China
Luxury brands wholesale - By far and away, the majority of branded product
you buy on the alibaba type websites WILL be knockoffs or counterfeit ...
Brian Su in reply to Luxury Brands in China
hi Martijn & Johnathan: Wealthy Chinese stay low for various reasons,
some of them do not want the tax department know how much they really make
off their business…funny huh?
Martijn van Breugel in reply to Luxury Brands in China
Jonathan, Sorry, it should have been: Trying alibaba is a 2nd possibility.
I would however NOT use it in such a market
Tim in reply to China M&A activity unlikely to slow down, economy appears immune from
U.S. recession
Sage advice indeed. A well positioned man to comment on such issues,
thanks
Adam Dupre in reply to Luxury Brands in China
Jonathan, in case you are still looking for a response to your enquiry
about locating Chinese luxury clothing wholesalers, CCRS can assist you
with this. Happy to explain how and to give …
Martijn van Breugel in reply to Luxury Brands in China
Hey Jonathan, Depends on where you live. If you’re in China (which is
a requirement I beleive) use the local government of the specific city.
(don’t think national directly, start in 1 city)
Jonathan in reply to Luxury Brands in China
Any ideas on the most practical way of going about finding Chinese luxury
clothing wholesalers?
Peter Hayes in reply to Lying
Thanks Alexander for this insight, although I’m somewhat puzzled
though as to why you would choose to tag this opinion to business with
China. My own experience is ...
Martijn van Breugel in reply to Luxury Brands in China
Dear Brian, Interesting comment. I agree that wealthy chinese people are
not all the same. But in fact that’s true about all groups in
society. What do you think explains …
Brian Su in reply to What the Chinese Want You to Know about Networking
Good article! Keep coming.
Han Tao in reply to Why would a US-based company want to create an Individual Investment
Advisory Firm in China (pros/cons)?
Siavosh Pahlevani is correct. By establishing an individual investment
advisory firm can gain more understanding and more information that can be
useful to the company.
Ed in reply to What is the best way for me to get local Chinese Oracle Consultants for a
project in Hong Kong?
Tony, I would encourage you to get in touch with George Wang, President and
CEO of Chinese Professional Network (http://www.cpn-online.com/). CPN has a
…
Guohui-Sophia Wu in reply to What the Chinese Want You to Know about Networking
Yes, I agree with you. They are not that different, and I don’t think
we’re that different either.
John Melendez in reply to Why would a US-based company want to create an Individual Investment
Advisory Firm in China (pros/cons)?
There is an ever-growing in China in all aspects, including as a possible
trade frontier. The key word here would be “frontier”. And
where there is a frontier, there will always be a perception for ...
Siavosh Pahlevani in reply to Why would a US-based company want to create an Individual Investment
Advisory Firm in China (pros/cons)?
This is very simple, the individual advisor can act as a sole agent and
only colect the necessary information which can be useful for the company
and report it time by time …
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