Baltic Press - Baltic Transport Journal

China-EU trade outlook
by COSCO R&D

What’s in China for the Europeans and what’s in Europe for the Chinese? Even under severe market circumstances in 2009, the EU has exceeded Japan to be the third largest foreign investment origin in China, while China has overtaken Russia to be the third largest export market of the EU.

There is no doubt that year 2009 was a very important and special year for the world economy, which declined 0.8% in GDP. It was the first annual decline in the past six decades. The world trade volume, usually with a high correlation to the world economy, declined even 12.3%, which has become the largest recession since the 1980s.

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How to do business with China
by Yan Wei, Gdańsk University Lecturer of Chinese

Who should sit in the middle of the table during negotiations and when should one keep a poker face? We’re introducing some tools and strategies which should be borne in mind when conducting business in China.

China’s ethical system involves respect for superiors, sincerity and courtesy. Therefore, it is important to show respect to the person who has a superior position. Age, generally, gives a person more respect and a higher status than someone who is younger. Using a person’s first name after initial introduction is considered rude.

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