Consider twice before setting up of business in China
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My uncle went to invest in China in around 1997-1998
It took him until now to even out his losses and now earning slowly.
However, I find it disappointing on the way the Chinese do business with him.
For example, when he sold some products to a company, the hotel will not give him but many boxes of mooncakes. With that, it will be difficult to earn money and difficult to finish those boxes of mooncakes.
Heard from him that around 10-15 policeman went to his office today due to this kind of incident(barter trade)(not sure about that, maybe due to sabotage), my uncle was shocked on it and may faced a fine of $40000-$50000.
I think that it is not worth for him to continue to invest and hang on there, morever he can be now considered as a senior citizen. -
China has alot of scam so must be very careful
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not a good place to start a business. Failure rate too high.
it is really too competitive now.
I suggest you wait for the economy to mature. don't worry that you will be too late cos at least it is more predictable. If you can run your business well, you will be able to grow it. -
to make money in china, I think you'd have to be more cunning that the natives themselves, and you can leave all your scruples back in Singapore too ... but I am quite convinced that one can still find a pot of gold there if one's intrepid enough ... several uncles became millionaires many times over in the manufacturing, machining and property line there ...
but here's a true story, related to me by one of them:
there are legions of floating migrant workers around in china, all hungry for work ... so what some unscrupulous taiwanese chap did was to set up a fake front company and put out ads asking for job applicants for non-existent jobs ...
they'll charge you a little fee for the application forms and "processing" ... and you'll never hear from them again ....
if you collect 10 yuan from each person, and 2000 people line up for you in a day, that's a pretty tidy sum for nothing ! ... -
Harharaharrharharr...!!!!Originally posted by Fatum:to make money in china, I think you'd have to be more cunning that the natives themselves, and you can leave all your scruples back in Singapore too ... but I am quite convinced that one can still find a pot of gold there if one's intrepid enough ... several uncles became millionaires many times over in the manufacturing, machining and property line there ...
but here's a true story, related to me by one of them:
there are legions of floating migrant workers around in china, all hungry for work ... so what some unscrupulous taiwanese chap did was to set up a fake front company and put out ads asking for job applicants for non-existent jobs ...
they'll charge you a little fee for the application forms and "processing" ... and you'll never hear from them again ....
if you collect 10 yuan from each person, and 2000 people line up for you in a day, that's a pretty tidy sum for nothing ! ...
That's a friggin good dose of their own medicine!!
heeheheheeeeee....!!!
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sell fake vegetable ????
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is there such a thing? soak cardbords & make it look like mei chaiOriginally posted by mistyblue:sell fake vegetable ???? -
I believe the hong kong apple daily did an expose on fake rice and fake eggs on the mainland some time back ....Originally posted by de_middle:is there such a thing? soak cardbords & make it look like mei chai -
Heard of the story about NTUC going to China to set up 'high-tech' taxis company?
All their taxis disappeared and they came back with tails between their legs.
Some (sg) ppl or company think they are smarter?....but not other ppl being cunning? -
I think it's not so much that the others are cunning or unscrupulous but that Singaporeans are just too naive and insulated ...Originally posted by 00011000:Heard of the story about NTUC going to China to set up 'high-tech' taxis company?
All their taxis disappeared and they came back with tails between their legs.
Some (sg) ppl or company think they are smarter?....but not other ppl being cunning?
one may be a big fish in Singapore ... but you're nothing but a big fish in a small pond .... once you swim out to the ocean, you'll be several rungs lower down the food chain ....
we were brought up believing in black and white and the rule of the law, so much so that many of us lost the art of detecting nuances and reading between the lines .... -
Over there cannot save on "protection" money.
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X 10. this is very very true, especially the first statement.Originally posted by Fatum:I think it's not so much that the others are cunning or unscrupulous but that Singaporeans are just too naive and insulated ...
one may be a big fish in Singapore ... but you're nothing but a big fish in a small pond .... once you swim out to the ocean, you'll be several rungs lower down the food chain ....
we were brought up believing in black and white and the rule of the law, so much so that many of us lost the art of detecting nuances and reading between the lines ....
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I believe that you dont have to be unscruplous to do business anywhere in the world. Ppl are still ppl afterall, they do feel something when they cheat or con or break their promises.
Its not deceit or slyness that will get someone far in the business line, its learning to gain trust and give trust. -
they shld hire thugs to shoot those who stole the vehicles. Thats teh way its done in China.Originally posted by Fatum:I think it's not so much that the others are cunning or unscrupulous but that Singaporeans are just too naive and insulated ...
one may be a big fish in Singapore ... but you're nothing but a big fish in a small pond .... once you swim out to the ocean, you'll be several rungs lower down the food chain ....
we were brought up believing in black and white and the rule of the law, so much so that many of us lost the art of detecting nuances and reading between the lines .... -
tats because singaporeans are not clever enough for the china people..for every clever people in singapore, china has one that is comparable or even better due to its large population.
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it was reported in the TNP today how 2 businessmen were cheated by them.
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China People born around 1970s or earlier, experienced poverty and cultural revolution. That is, if a Singaporean goes to China to do work with china businessmen of age 35-70,
You get Lots and Lots of ill-feelings.
While providing service/products, not only one does not get the due respect (no matter how professional one is), one may also get a smack of disrespect from the china partners, and also, impatience, rude, aggressiveness, unreasonableness, impulsive anger treatments, etc.etc., all kinds of unlogical behaviours.
Good luck ! -
so true, we really need to revamp the education to teach pple these rather than moralsOriginally posted by Fatum:I think it's not so much that the others are cunning or unscrupulous but that Singaporeans are just too naive and insulated ...
one may be a big fish in Singapore ... but you're nothing but a big fish in a small pond .... once you swim out to the ocean, you'll be several rungs lower down the food chain ....
we were brought up believing in black and white and the rule of the law, so much so that many of us lost the art of detecting nuances and reading between the lines ....
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are the schools here teaching pple about morals??? since when?Originally posted by hisoka:so true, we really need to revamp the education to teach pple these rather than morals 
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are the schools here teaching pple about morals??? since when?Originally posted by hisoka:so true, we really need to revamp the education to teach pple these rather than morals -
sorry, last post duplicated. don't know what happened.