News


30

Jan 2014

8 Common Mistakes U.S. Companies Make When Sourcing Goods And Suppliers In China

By Richard N. Frasch and Charlotte Zhanghaixia Westfall China’s impact on American business has always been the source of strong emotions among Americans. Bret Harte (1836-1902), a famous American author and poet who wrote about early pioneering days in California, once stated, “We are ruined by Chinese cheap labor.” Nevertheless, today’s successful American entrepreneurs have learned not to compete with China but rather to make...

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08

Jan 2014

8 Basic Things U.S. Companies Must Know When Sourcing Goods and Suppliers in China

By Richard N. Frasch and Charlotte Zhanghaixia Westfall Horace Greeley, the famous early American newspaper editor and founder of the New York Tribune in the mid-1800s, famously responded to the question of how to become rich with the statement “Go West, young man!” The same advice is often slightly reformulated and given today as “Go East, young entrepreneur!” Although people today can argue about the...

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14

Jul 2013

The Importance of Contracts When Doing Business in China

Some companies doing business in China don’t believe that there is a need for contracts with their counterparts. Some will say that the Chinese won’t follow the contract terms anyway, while others insist it would be futile to try and enforce them in Chinese courts. However, there are some very good reasons to draw up contracts with those you are doing business in China and...

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