The internet is abuzz with news that Chris Devonshire-Ellis of China Briefing may have influenced movement in the Yuan-Dollar conversion rate by what is being described by Chinese governmental authorities as a “pure fabrication.” To summarize, China Briefing Magazine did a post claiming to have interviewed a Chinese governmental official who talked of the Yuan
The Rules for China Toasting Though I am a complete lightweight as a drinker (I average maybe one alcoholic drink a month), I consider myself somewhat of a master of foreign business toasting. I have participated in well over a hundred toasting sessions with Chinese, Koreans, Thais, Turks, Mexicans, Spaniards, French and Russians, and the
In China everything can and is faked, even the JeAbsolutely fascinating story in today's Washington Post, entitled, Sold on a Stereotype: In China, a genre of self-help books purports to tell the secrets of making money "the Jewish way". Seems the Chinese think very highly of Jews, both for their perceived ability as businesspeople, and for their honesty and family values. China has some 50+ books focusing on emulating the Jewish path to success.
I just learned that Gibson Guitar will soon be returning to an industrial heartland, but in China's Liaoning Province this time. Gibson just purchased China's third-biggest piano maker, state-owned Dongbei Piano Group. Our international lawyers have lately been seeing more American and European companies getting their start at doing business in China by buying existing China companies/facilities.
A morally vapid redneck racist helped advance civil rights in the United States and some dumb power-hungry bureaucrats in Shenzhen may very well end up doing the same thing for China.
We will be discussing the practical aspects of Chinese law and how it impacts business there. We will be telling you about what works and what does not and what you as a businessperson can do to use the law to your advantage. Our aim is to assist businesses already in China or planning to go into China, not to break new ground in legal theory or policy. We want to start a conversation with, for and about the person who wants to know "what is what" in China and the practical aspects of starting and growing a business in or involved with China.
