Demands for business activities in Chinese people's Republic

Oldřich Tvrdoň, Radmila Presová, Andrea Živělová and Iva Konečná
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Oldřich Tvrdoň: Marketing and trade department, Mendel University, 613 00 Brno, Czech Republic
Radmila Presová: Marketing and trade department, Mendel University, 613 00 Brno, Czech Republic
Andrea Živělová: Marketing and trade department, Mendel University, 613 00 Brno, Czech Republic
Iva Konečná: Marketing and trade department, Mendel University, 613 00 Brno, Czech Republic

Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2010, vol. 58, issue 6, 587-596

Abstract: The article deals with the possibilities of doing business on Chinese market typical for its geographical spaciousness and populousness. There is also included an overview of China's position in relation to 12 selected EU-countries. It is shown that four of 12 selected countries (Hungary, Slovakia, United Kingdom and Poland) do not export to China while People's Republic of China exports into all 12 countries. Dividing the exports to China between the counties, Netherlands stands on the top with the share of 11.54% while Austria participates on the total exports only by 2.47%. In relation to the Czech Republic, China's share on its imports is 10.05%, and only 0.74% on the export. Although the passive balance decreased by 16 232 bill. CZK, in 2009, the balance remains negative. This article looks in detail on the specific standards required by Chinese authorities when Czech company wants to open a representative office there. Also the costs for exhibiting on a machinery-specialized trade fair are calculated. The paper specifies the total time needed to deal with formalities concerning establishing a joint venture and receiving a building permit to build a new plant or reconstruct existing facilities. The financial expenses for a trade fair participation and opening a representative office are average values received from discussion with the top managers of Czech machinery companies exporting their goods or running a production-focused joint venture in the People's Republic of China.

Keywords: China; Joint Venture; market; import; export; balance; calculations (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:mup:actaun:actaun_2010058060587

DOI: 10.11118/actaun201058060587

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