China’s luxury market has grown steadily at high rates over the past few decades. With such growth, many experts predict that China will become the world’s largest luxury market by 2025. Without a doubt, the COVID-19 pandemic caused some shifts within the Chinese luxury market. However, despite these drawbacks, the…
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The business world as we know it has changed drastically since the start of the Covid-19 pandemic, and is likely to maintain these changes for many years to come. This global crisis has created various difficulties in matters that were once taken for granted, matters that are all essential for…
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Since China is becoming a global economic power and a hub for investors and start-ups following the 70s economic reform, China has continued to gain exceptional growth in its businesses. The fast-growing middle class and huge consumer market are a few of many reasons to do business in China. However,…
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While China is a popular destination for business ventures, and rightly so, penetrating the Chinese market is a complex operation. The core elements to pursue to succeed in China are not just bound to marketing or managing distributions. It is not enough to establish a brand or to open your…
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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…
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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…
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