By Jeremy Haft
A pioneer stocks the secrets and techniques to making jobs and reaping gains doing enterprise with China
Is China a possibility to America’s fiscal destiny? simply the other, says overseas businessman Jeremy Haft. China is a boon for enterprise: the possibility of a life-time to create jobs, construct worth, and generate profits. All the Tea in China demonstrates America’s overwhelming aggressive virtue over China within the worldwide economic climate. And it highlights the many industry possibilities for corporations of all sizes, in all sectors. China is much and away the quickest becoming marketplace for U.S. items and providers on the earth.
regardless of the good news, China continues to be some of the most not easy working environments, and it’s effortless to make high priced error. Haft demonstrates how one can steer clear of the pitfalls, delivering an industry-by-industry consultant to purchasing from, promoting to, and competing with the chinese language.
The booklet can also be jam-packed with humorous tales of Haft’s hard-won classes as a China enterprise pioneer. It’s the main attractive, precious e-book but in this vital topic.
Read Online or Download All the Tea in China: How to Buy, Sell, and Make Money on the Mainland PDF
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Additional resources for All the Tea in China: How to Buy, Sell, and Make Money on the Mainland
Let’s give credit where credit is due. China’s economic growth has been not a star turn but a team effort. Massive capital inﬂows of trade and investment from the West have propped up infrastructure and industries, created millions of jobs, raised wages and living standards, and fueled the largest middle-class expansion since the United States, Western Europe, and Japan. That awesome construction boom you see before you, then, is actually being funded from cash reserves China has accumulated doing business with the West for twenty-ﬁve years.
S. cotton farmers. Cotton exports to China rose 300 percent in 2004 in anticipation of 2005 production after the quota’s expiration. You can see this dynamic play out in many other industries, like steel, pulp, and plastics. Determining where you ﬁt on the virtuous circle of trade will help you position your business for future growth. If you are in manufacturing, dissect your product into its component parts. Plot where the inputs are coming from—all the way along the supply chain to the original raw material supplier.
Fiduciary duty impacts everything from bookkeeping to boardroom business planning. In the United States, for example, corporations must keep consolidated books and publish accurate ﬁnancial reports as part of their ﬁduciary duty to stockholders. In China, however, it is common to ﬁnd several sets of books: a set for the investors, a set for management, a set for the suppliers, a set for the banks, and a set for the tax collector. 46 ALL THE TEA IN CHINA It’s not a matter of fraud, but a matter of convention.