Business today is becoming more universal and it is common to travel around the world for business dealings. In order to clinch a business deal with parties of other countries, it is essential to do some research about the country first. This will provide critical information about their business tradition, etiquette issues and other factors that will allow easier acceptance of Singaporean business persons.
China being the largest populated country of 1.3 billion, with an area of 9,600,000 square kilometers, has a long history, unique culture and a wide variety of distinctive customs and traditions. She has been attracting foreigners to invest as there are plentiful resources and labour market, which are crucial in business dealings. Besides the factors that are mentioned above, other factors play essential roles as well.
Guanxi and Mianzi are the foremost factors that Chinese businessmen take into account. Other factors include preparation for Chinese business meetings, knowledge of the Chinese Lijie, such as non-verbal communication and social relationships. Also, the Chinese banquet consisting table etiquette together with drinking and toasting. There will also be gift-giving, such as what should be considered to give and what should be avoided. Last but not least, different ways to negotiate with the Chinese for the best solution should be taken into consideration.
In conclusion, having the knowledge of the Chinese etiquette will better help one to succeed in clinching more business dealings. At the same time, it also helps one to understand the culture and customs of Chinese. Therefore, this will not only do one good for business purposes, but also encourages common understanding amongst countries.
2. Introduction
The People 's Republic of China, has a largest population of 1.3 billion and a GDP of US$2393 billion. Thus, it has been eyed by many business executives due to its big market share and a large pool of
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