Local Business Practices and Business Etiquette in China

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Business Practices and Etiquette in China
China is one of the nations with the best business environment, due to its fastest-growing economy in the world. China has the largest manufacturing economy, and its large population also makes it to be among the nations with the best market economy. These are just some of the factors that make it have a good business environment. For China to have the fastest economic growth rate in the world, then it must be having some good business practices and etiquette. This discussion focusses on the business practices and etiquette China adapted that are making it move forward in businesses.
De Mente Boye and Lafayette (p.26) suggest that when engaging firms in China, one should be prepared well for the meetings and make several copies of the proposal or business plans. The Chinese business people like to engage in a long relationship before striking a deal. Therefore, one should not be in a hurry to remind them of the deadline to make decisions. They have a culture of going beyond deadlines for their private gains. Also, in the meetings, it's preferred to start with small talk before being given more time to extend. Regarding greetings, the Chinese use handshakes, but its recommended to allow the counterpart to initiate the gesture first. The protocol should be from the top position and mentioning the last name. On-time orientation, in China lunch break, normally starts between noon and 2 in the afternoon, where everything stops, including lifts and phone calls. Keeping time is vita...