Posts Tagged ‘chinese business’

chinese currency

When Chinese Money is Worth Less What Does Your Business Do?

Everyone has seen the news that China has devalued its currency. This means the Yuan Renminbi is weaker. When you exchange currency, you can now buy more Yuan for each dollar spent. If China is really the world’s second largest economy, than the Renminbi (People’s Currency) effects world markets. After all, if Chinese money is […]

International Business – Chinese Negotiations

Effective Openings: Presenting Your Position Most Western negotiators will begin a negotiation in China by “getting down to business” and presenting a list of the key items they wish to discuss. This reflects a general Western preference for focusing on tasks before relationships. The Chinese, on the other hand, often prefer to agree first on […]