8 tips to negotiate with Chinese suppliers
From the processor in the computer you're viewing this on, to the screen on your smartphone, or even the shoes you have on right now; a large proportion of everything we know and love today seems to have its manufacturing roots from one giant of an economic beast - China.
Despite the emergence of alternative low-cost manufacturing centres recently such as Vietnam and Indonesia, China's manufacturing output continues to outpace the rest of the world - with growth in July 2014 alone setting a record over the past two years.
It's thus no surprise that regardless of what industry your eCommerce business is focused in, that China would be a major hinterland of affordable manufacturing goodness, and would probably make up a large percentage of your suppliers for some time to come.
And while businesses from elsewhere across the region might like to think they have a slightly better appreciation of the regional cultural business contexts than say, Westerners for example - the truth is that Chinese business etiquette is often a completely different ballgame of its own, which many budding business owners have often failed at.
Doing business with the Chinese is typically more an art than a craft - and here's 8 ways to ensure your negotiations with Chinese suppliers will go smoothly in a nifty infographic, to ensure the success of your eCommerce business in the long run.
You can also view full infographic here.
This is a guest post by Kenneth, Head of Communications for TradeGecko. He is a staunch believer in the power of words, with an eclectic range of interests - from the likes of technology, politics and history, to the more light-hearted such as football and poker.
What say you?