China has been a leading destination for businesses and entrepreneurs to expand and grow within their field. Exporting goods and services in China has given massive returns to many investors worldwide. Many international companies have used the advantages of doing business in China since it opened to the world. Since the last few decades, China
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Chinese Business News
‘Xiachen’(下沉) means to sink or submerge. Over the past few years, it has become a popular term in business, meaning ‘sinking marketing’. This means that marketing efforts are adapting to ‘sink’, move down into lower tier markets, and lower tier cities which in the average salaries are relatively lower.
Wanghong (网红) means “internet celebrity” in Chinese. It refers to professionals who use their popularity as a mean to spread among their fan base purchase goods or services that they themselves tried out and approved of. These internet celebrities have broken the monopoly of traditional media and their marketing potential is exceptional, seeing as they have thousands of followers who awaits their every social media’s post.
Chinese Business Insights
China has been a leading destination for businesses and entrepreneurs to expand and grow within their field. Exporting goods and services in China has given massive returns to many investors worldwide. Many international companies have used the advantages of doing business in China since it opened to the world. Since the last few decades, China
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Does China have a minimum wage? The short answer is yes. But different regions of China have a different standard of living; therefore, the universal minimum wage in China does not exist. Instead, the local officials are responsible for setting the minimum wages for each province, region, or municipality according to the local living standards
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Global Business Insights
As the world’s fifth-largest economy by gross domestic products (GDP), India is becoming one of the most attractive business destinations. With the annual average GDP growth standing at 7.5% and projected to remain at the same level for the next ten years, many global entrepreneurs are looking at the country with renewed interest and studying
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As part of our global expansion, we are happy to inform you that on November 10, 2020, the consulting company Xinergy Global has agreed to sign Memorandum of Understanding with VINT Consult, a consulting firm based in Minsk, Belarus. In the past six months, both sides were engaged in serious discussions regarding the added value
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