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  • Wesley Bjerring posted an update 7 years, 2 months ago

    Because of this many businesses appear to open their first Chinese workplace in the city and there are certainly numerous good reasons to do so. So right here are five of the best to get you started.Proximity to Hong KongHong Kong is only a couple of miles away and there are numerous easy to access crossing points dotted about the city. The busiest border point is Lohou exactly where tens of thousands of people sally back and forth each day.For expats this means it’s each handy and inexpensive to get into Hong Kong with a round trip journey on the island’s MTR system costing about 100 HKD (about $13 USD), and station hopping between points following crossing the border is great value too (usually no much more than ten HKD).For companies that indicates you can access all the advantages of Hong Kong and combine them with all the benefits of China. That includes cheap but well educated labour, and banking facilities that allow easy transfer of funds to other locations of the globe.Unique Financial ZoneShenzhen was created to provide an economic boom, it is a “unique financial zone” exactly where there are legal and monetary incentives for foreign corporations to invest in and create lengthy lasting companies. This zone has now been extended to cover additional locations that previously weren’t in a position to compete on an equal basis such as Bao’an and Longgang.There is a push from central government to improve conditions in other provinces but nearby government is firmly behind the ongoing prosperity of the city and has announced 28 regulations since the start of the year to enhance prospects for foreign owned businesses.Events and NetworkingThere are many trade shows and other promotional events around China, however Shenzhen is attempting extremely difficult to position itself as a premier company location. The initial signs of the city asserting its personal image are the upcoming Universiade Games – where 163 countries will compete on an international stage in university athletics tournaments.Experienced High Tech BusinessAppear at your computer, it’s highly most likely that your keyboard, mouse and monitor had been made in Shenzhen. The city is a pioneer of high technologies and is currently investing billions in LED the cutting edge of low power light production, and is home to companies such as Foxconn and BYD as well.For foreign businesses this is extremely helpful as the city can offer a a lot greater ability set for employers than other similar sized Chinese cities.LanguageThere is a dearth of English language abilities in China, compared to most nations the nation has the 2ndlowest level of functional English literacy in the globe. Nevertheless Shenzhen has a much greater rate of English speakers than the rest of the nation, partly simply because of the proximity to Hong Kong and partly because the city has been involved in foreign company for a lot longer than the rest of the country.Investors in the nation ought to look to learn the nearby language (which in Shenzhen is Mandarin not Cantonese – unlike the rest of the province exactly where the reverse is accurate) but it’s a big time saver to be able to find skilled workers who can speak your language from the begin of your project.Starting a Business in Shenzhen, China – 5 Reasons to Do So