Doing Business–China and Russia share certain similarities in terms of what it takes to do business in those countries. In both cultures, patience is required to develop business arrangements. The quality of personal interactions also appears to be very important. In Russia, individual personalities have a significant impact on business dealings. In China, personal relationships are highly valued and must be established first before business agreements.
Economic Obstacles–Similar obstacles that both countries face are political and social problems that can lead to social unrest, and a lack of managerial expertise stemming from the fact that such expertise was not required of managers in both countries' centrally planned economies. The countries differ with respect to certain other key obstacles, however. China's progress is hindered by issues concerning unification, which is not a challenge faced by Russia. In addition, Russia maintains an unstable investment climate, while China has attracted huge sums of investment due to its immense population, rising incomes, and expanding opportuniti
Doing Business–China and Russia share certain similarities in terms of what it takes to do business in those countries. In both cultures, patience is required to develop business arrangements. The quality of personal interactions also appears to be very important. In Russia, individual personalities have a significant impact on business dealings. In China, personal relationships are highly valued and must be established first before business agreements.Economic Obstacles–Similar obstacles that both countries face are political and social problems that can lead to social unrest, and a lack of managerial expertise stemming from the fact that such expertise was not required of managers in both countries' centrally planned economies. The countries differ with respect to certain other key obstacles, however. China's progress is hindered by issues concerning unification, which is not a challenge faced by Russia. In addition, Russia maintains an unstable investment climate, while China has attracted huge sums of investment due to its immense population, rising incomes, and expanding opportuniti
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