Latvia and China business and trade relations from 1992-2022
Latvia and China have a long-standing history of diplomatic relations that date back to the Soviet era. The two countries established formal diplomatic relations in 1992, after Latvia regained its independence from the Soviet Union. Since then, the bilateral relationship between Latvia and China has evolved considerably, with both countries engaging in various areas of […]
Import Opportunities from China, Chinese Business Culture and Tea ceremony
On March 29, Baltic China Connected, together with the Latvian Chamber of Commerce and Industry and the Riga China Cultural Center, held a seminar about Import opportunities from China and Chinese Harmony Culture in a Business Environment and had organized Chinese tea ceremony for Latvian business people. Sun Jinhuan, Economic and Commercial Counselor of the […]
European machinery or equipment producers opportunities in China
Are you machinery or equipment producer in Europe? Togather with our partner “SUMEC Touch World” a global equipment trading service platform founded by Chinese company SUMEC International Technology Co. Ltd. we are offering to become our partner and expand your activities in China. More about SUMEC Touch World: A Platform for Machines and Equipment “SUMEC […]
8 factors to succed in China
Why is it so difficult to break into the Chinese market? Chinese culture and language are unique, bureaucracy is complex, and the government’s grip on every aspect of life and business is tenacious. These factors create a market environment that’s totally unlike other global economies. It is possible, however, to succeed in China – and […]
USA companies that did not succeded in China
For decades, China has been a top priority for American companies looking to expand. This is because the country’s middle class is simply enormous, growing from 3.1% to 50.8% of the country’s total population between the years 2000 and 2018. According to Brookings, there are now at least 700 million people in China’s middle class, […]
How to derisk in China market?
McKinsey has created discussion paper about “The China imperative for multinational companies. Reconfiguring for opportunity and risk”. Our main findings from the research made by Mc Kinsey. Over the past three decades, multinational corporations (MNCs) have enjoyed an increasingly open world. Taking advantage of a unipolar world with relatively free flows of capital, trade and ideas, […]
2023 Year of the Rabbit
Your Chinese New Year ’23 CNY ’23 is peeking round the corner, so here’s a little knowledge to greet it with! 1) It begins this year on Sunday 22nd January, but main celebrations will take place on Saturday (On the last day of the lunar year, each year different date) 2) China’s official public holiday […]
My most Loved city in China Ningbo, Zhejiang 宁波市
With this article I wanted to introduce one of the most beautiful and business friendly city Ningbo, Zhejiang. First time I come to Ningbo to take part in China CEEC International Expo in 2017. At that time, I could not imagine that in 2019 I would open a company and move to live in this […]
Data Security Law overview in China
The Standing Committee of the 13th National People’s Congress passed the Data Security Law of the People’s Republic of China (also known as the “DSL”) on June 10, 2021, and it became operative on September 1, 2021. The DSL, among other things, controls how data is handled, guarantees data security, and defends the legitimate rights […]
Legal Business Entity Structure in China
E-commerce, cross border trade, exporting, licensing, commercial agents, distributors, strategic alliances, joint ventures, overseas manufacturing, or sales subsidiaries are just a few possible entry methods; however, entering China will inevitably involve learning new laws, regulations, and procedures as well as taking into account global legal and tax issues. A foreign company’s registration in China might […]