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China’s capital Shanghai, is a mega city of 19 million people with resistant energy
and a constantly growing business environment, has been chosen to hold the 2010
World Expo. With several non-stop flights in and out of the United States, this
prime location is a multinational Chinese market with over 300 Fortune 500 investors
in this city alone. Shanghai has 4,035 members of over 1,700 companies in the
American Chamber of Commerce. Their government is incredibly welcoming and with the
developing infrastructure improvements and sophisticated financial growth, these are
part of Shanghai’s strong track record. With its quickly growing riverfront in this
middle kingdom’s most international city, Shanghai and billions of cargo pass thru
its Huangpu River and Yangtze River regularly. Business here is conducted
differently and though it has a cosmopolitan feel its Chinese culture is extremely
important and must be respected. Trust, communicating openly and the development of
long-term relationships must be built with the Chinese business partners. Also
making sure the person you are communicating with feels as if he has the real power
is the challenge to be patient. Socializing at business meals is extremely vital so
the effort to do this must be made for a successful business partnership. They will
cater to you because they are extremely generous hosts. It will definitely be spoken
about in the office if a visitor doesn’t make the time or the effort for personal
connections needed to build a good working relationship. Also, though English is
spoken at multinationals, be sure to arrange for a translator if needed for factory
or local vendor trips. Be sure to chose a hotel close to where you will be meeting
clients and be careful in preparing your schedule, give yourself time for long meals
and dealing with traffic. Take your time and do not rush into anything. Respect and
understanding of questions and response is crucial so make sure to be clear and
precise in what you want and how you express yourself. Once this is achieved follow
up with a memo or email to confirm the terms that way you both have a better
understanding of what has been achieved. Handling these challenges are much easier
in Shanghai than say Hutton or Long in China and because of this the American
Chamber of Commerce, the U.S. Commercial Service of the Depart. Of Commerce and the
U.S. China Business Council have helped make Shanghai a great networking recourse.
The top tourist activity in Shanghai is shopping. Here for luxury you shop at
Nanjing Road, which is Shanghai’s equivalent to our 5th Avenue in Manhattan, and
here you will find luxury stores like Dior, Cartier and Gucci. And among many others
you will also find a number of knock offs of handbags, watches and golf clubs
located at the Shanghai Science Museum subway station in Pudong. Custom clothing
tailoring can be done at the Fabric Market on Lujiabang Lu. At Yu Gardens you will
find traditional Chinese souvenirs and antiques. There are over 20,000 restaurants
in Shanghai for you to enjoy dining and have your business meetings at. If you want
an upscale place New Heaven and Earth or Xintiandi would be good choices. Henshan
Road is a popular bar and restaurant district with places like Azul Tapas bar off
the main road. And for the highest chef power go to the Bund, where the high-rated
chefs hang their tongues in restaurants on the River Front to showcase how popular
and good they really are.