Hangzhou, popular among Russian businessmen
The Chinese economy is growing at a tremendous pace, and the world's largest companies with well-known brands are moving their production facilities to China and doing business there. At the same time, all technologies and materials are preserved, goods reach the buyer with the usual quality, but prices are reduced due to cheaper labor and changes in the logistics system.
A special role in getting acquainted with Chinese industry and establishing business contacts is played by business tours to China. Russian organizers of business trips, together with Chinese tour operators, conduct preliminary marketing research in the necessary direction and find potential suppliers or manufacturers of goods. The business tour program necessarily includes visits to well-known industry exhibitions and fairs, and getting acquainted with production directly at factories and plants.
For example, Hangzhou has become popular and well-known among Russian businessmen interested in consumer goods. This city houses the main production facilities of light industry, hosts the world-famous Canton Fair and annual industry exhibitions. Long-term contracts are concluded in Hangzhou with Chinese manufacturers of shoes, clothing, toys and furniture, while entrepreneurs from Russia who do business in petrochemical, automotive or metallurgical industries come to Shanghai and Beijing.
Mutually beneficial contracts are concluded in accordance with the subtleties of Chinese law and after preliminary special consultations. All goods wholesale from China should come directly from the manufacturer and through guaranteed schemes. Only in this case can one expect an excellent financial result.
Russian businessmen working with business partners in China should remember and constantly take into account the peculiarities of a different mentality. Therefore, the execution of contract terms should be accompanied by experienced translators, lawyers and technical staff.
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