How to establish business in China? Process of FDI in China
This is summary of establishement company in China. Managing Partner Sigita Truksane went through this process establishing comany in Ningbo. Some steps and action can differ depending on business location place in China. The People’s Republic of China (PRC) entered the implementation of the brand-new Foreign Investment Law (FIL) on January 1, 2020. The Sino-Foreign Equity […]
Trademark Registration in China
Background Information According to regulations at the Trademark Office of China National Intellectual Property Administration, foreign firms and foreign individuals must register trademarks through certificated agencies. Foreign firms are firms registered outside Mainland China, but foreign invested firms registered in China are considered as Chinese firms. Certificated agencies are listed in the official website of […]
Overview of China Free Trade Zones
Chinese government economic policy known as Special Economic Zones (or Free Trade Zones) was implemented in 2013 as part of a comprehensive plan to support and promote foreign direct investment in a variety of industries that vary by location. The primary goal of the first special economic zones (SEZ) was to advance global trade. In […]
Report and Survey: China Market Opportunities and Challenges 2022/2023
Working with our partners in European countries we created research about China market Challenges and opportunities in 2022/ 2023. We surveyed 123 companies from Latvia, Estonia, Poland, Germany, Italy and Finland who have manufacturing or sales offices in China. Regions and provinces: Shanghai, Zhejiang and Shandong. CHALLENGES IMPACTING CHINA’S ATTRACTIVENESS China’s general attractiveness as a […]
Insights from the seminar on China’s market opportunities (in Latvian language)
A story from life, why it is necessary to check cooperation partners
A story from life, why it is necessary to check Chinese cooperation partners. I wanted to start by saying that there are dishonest companies in all countries, not just China. This is the story of a conflict arose between Latvian company, where contracts were signed to purchase raw materials from a Chinese manufacturer, the value […]
Leave Footprints on Media Before Entering China’s Market
-Our story with a Latvian cosmetic brand named Bio2You Why shall European brands leave footprints on China’s media before entering China’s market? Potential distributors from China are unlikely to decide to be partners with European firms which have no trace on China’s media, especially for firms from countries which are unfamiliar to Chinese clients. Otherwise, […]
Our China partners – wood importers
Ningbo HL wood trading LTD They are buying pallets and logs from USA, Canada, Finland, Germany, Russia, Australia. They bought from Latvia as well. *The majority: spruce and pine *in 2021, they bought 450 containers of pallets (around 20,000m3), and nearly 500 containers of logs (around 15,000m3). *Some of sizes of pallets but not limited: […]
China market opportinities
Togather with Latvia Chamber of Commerce and Industry (LCCI) Baltic China Connected organized seminar about China Market opportunities. Sigita Truksane, Partner from Europe side talked about Chinese business culture and its differences compare to Europe. How to adapt and learn to accept it. She mentioned things thas should be to consider if you want to have […]
Latvia, CEE Countries export to China, 2021
The total exporting and importing trade volume between China and Central and Eastern European countries (CEEC) has been growing rapidly in 2021. According to China Customs statistics , the total bilateral trade volume was RMB863.06 billion in 2021, up 23.3% year-on-year (similarly hereinafter). Of these, those exported to CEECs accounted for RMB642.14 billion, an increase […]