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My Chinese is still pretty basic. Yes, learning some conversational Chinese and a few hundred Chinese characters pretty quickly, is required, if only to keep sa
by bobjordan 8y ago
My Chinese is still pretty basic. Yes, learning some conversational Chinese and a few hundred Chinese characters pretty quickly, is required, if only to keep sane. But, my Chinese communication skill wasn’t/isn’t/hasn’t been a critical key success factor for business success. More important has been, utilizing employees well and having the sense to recognize and call “bullshit” when needed. Like, if a process seems illogical from a good business practices or efficiency point of view. And someone is telling you something that seems wrong. It’s probably wrong, and they don’t know what they are talking about. And, learning quick, most of what you see here in China, is not as it appears on the surface. Underneath, it’s probably a rats nest. Being a good detective is required to survive.
- NicoJuicy 8y agoHow easy is it to get your money out of China?
- bobjordan 8y agoNot very easy. The best structure seems to be, to setup a parent company in Hong Kong. Then, setup a wholly owned subsidiary in China. Then, just send enough money every month to keep the China operations going. It is easy to get your money in and out of Hong Kong.
- xor1 8y agoI went to Hong Kong earlier this year, and I was amused by how there were luxury watch shops seemingly everywhere. My first assumption was that they were for laundering money out of the mainland.
- linkregister 8y agoThere are likely more than enough rich people living in and traveling to Hong Kong to organically keep these watch shops solvent.
- dsl 8y agoYup. Flying with hard currency or equivalents is difficult. Just don't bring the receipts or boxes for your new watch, bracelet, ear rings, and neck chain.
- theandrewbailey 8y agoI've seen that chocolate and baby powder smuggling is big in Hong Kong. https://www.youtube.com/watch?v=YQm5FZMforg https://www.youtube.com/watch?v=YQm5FZMforg