Business

A Business Opportunity Beyond Athletics – Shenzhen University Games

Comments Off on A Business Opportunity Beyond Athletics – Shenzhen University Games 14 May 2011

With more and more businesses and investors flocking to China to try and boost falling revenues back home, there is likely to be a huge increase in business lunches. While these are generally informal affairs, business discussion is considered to be off the menu (as it were) during social occasions, it’s important to understand how to use your chopsticks so you don’t offend your Chinese partners. Here are seven simple rules to keep you on track.

While Guangzhou may have captured the more well known Asian Games, Shenzhen feels it has won the real prize. The Universiade is the world’s second largest athletics tournament, eclipsed only by the Olympics (which have also been held in China recently). So from August the 12th2011 to the 20ththere will be a huge influx of visitors from all over the world, with over 160 countries represented at the games it’s going to be a busy week.

Don’t Stick Your Forefinger Out The correct way to hold your chopsticks is to use your thumb and forefinger to secure them and then three fingers placed down the side to control them. If your forefinger ends up sticking out it reminds the locals of being scolded and it’s considered very rude. As an additional point here it’s also rude to point at someone with your chopsticks too.

Then there’s the cleaning and polishing of the city, almost every building has been (or is being given) a lick of paint and a thorough wash too – giving everyone a burst of civic pride.

More importantly though it’s good for businesses in Shenzhen and for those looking to base themselves in the city too. The games themselves are an enormous enabler for networking opportunities, Shenzhen’s economy is based on young high technology industries and the city is home to companies such as Foxconn, BYD (Build Your Dreams), Huawei and ZTE among many others.

Chinese companies are well aware of this factor and make enormous use of price wars to gain advantage over weaker local competitors and also large foreign brands. It enables weaker less effective companies to be wiped out overnight and places a huge strain on even the biggest foreign enterprises who cannot properly justify the use of similar strategies to shareholders and boards back home.

Don’t Cross the Streams Side-by-side evenly is how you put down your sticks, that’s what the little holder is for. If you cross them over you are essentially asserting that you think your dinner companion is wrong (about whatever they are currently talking about). It’s similar to the little red cross left in school books and a bit of a sore subject for locals.

Don’t Drop Them on the Floor This one is shrouded in the historical belief that Chinese ancestors live beneath us and by dropping your utensils on the floor you will upset their spirits. If you do drop them by accident, apologise immediately. Never do it on purpose. While these are the general rules of conduct when dining in China, it’s worth noting that some areas or families may have other important customs. It’s best to pay attention to your host and follow their lead to avoid offense.

Yuki sano is a well-known author who writes blogs and articles. Debt Consolidators can eliminate credit card debt and other unsecured debts and help you. Having a home equity line of credit available before you go car shopping may make the process simpler.

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