Download e-book for iPad: All the Tea in China: How to Buy, Sell, and Make Money on by Jeremy Haft
By Jeremy Haft
A pioneer stocks the secrets and techniques to making jobs and reaping earnings doing company with China
Is China a chance to America’s financial destiny? simply the other, says overseas businessman Jeremy Haft. China is a boon for company: the potential of a life-time to create jobs, construct worth, and earn a living. All the Tea in China demonstrates America’s overwhelming aggressive virtue over China within the worldwide economic system. And it highlights the many industry possibilities for firms of all sizes, in all sectors. China is way and away the quickest transforming into marketplace for U.S. items and companies on the planet.
regardless of the excellent news, China is still some of the most hard working environments, and it’s effortless to make expensive blunders. Haft demonstrates how one can steer clear of the pitfalls, offering an industry-by-industry advisor to purchasing from, promoting to, and competing with the chinese language.
The booklet is usually jam-packed with humorous tales of Haft’s hard-won classes as a China company pioneer. It’s the main enticing, worthwhile ebook but in this vital topic.
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Extra info for All the Tea in China: How to Buy, Sell, and Make Money on the Mainland
If you had asked the Americans to articulate their primary duty, they would have told you that it’s to return as much capital to the owners as soon as possible. If you had asked the Chinese, you would have gotten a different story. One director would have told you that his duty was to foster the growth of private industry in China. The other would have told you his duty was to the greater glory of his family. The Americans pushed hard for better margins and ﬁrmer cost controls. The Chinese pushed hard for sweetheart contracts for factory- ORIENTING YOURSELF 47 owning friends and family back home.
China, here we come! First stop: Ningbo’s famous Plastics City. We’re going to canvass our potential customer base. We think there might be an opportunity for us to service China’s $18 billion plastic resin market. We believe that the Internet can help improve the distribution of plastic resins into Ningbo’s fragmented base of plastic injection molders, perhaps through an online collective buying hub. We head out to Plastics City to test our thinking. It’s about an hour’s drive outside of Ningbo.
They tend, therefore, to lack initiative, imagination, and accountability. We tour the factory, then ﬁle into a conference room. We try to ﬁgure out where this prospective customer’s needs lie, how we can help him become a more efﬁcient operator. We ask questions about his suppliers and his buyers. How he buys, how much, from whom, and how often. We talk to him about the Internet. READING THE MARKET 25 Sure, he’s got the Internet hooked up to his computer. That conﬁrms our research: that Internet penetration among factories is high.
All the Tea in China: How to Buy, Sell, and Make Money on the Mainland by Jeremy Haft