{"id":15094,"date":"2024-12-31T06:30:00","date_gmt":"2024-12-31T06:30:00","guid":{"rendered":"https:\/\/focus.cbbc.org\/?p=15094"},"modified":"2024-12-23T17:14:53","modified_gmt":"2024-12-23T17:14:53","slug":"the-top-5-china-business-stories-of-2024","status":"publish","type":"post","link":"https:\/\/focus.cbbc.org\/the-top-5-china-business-stories-of-2024\/","title":{"rendered":"The top 5 China business stories of 2024"},"content":{"rendered":"\n

From an explainer on fast fashion success story Shein to a deep dive on the Chinese whisky market, these were the top 5 China business stories that captured the most attention on FOCUS this year.<\/p>\n\n\n

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\"\"<\/a><\/figure>\n<\/div>\n\n\n

1. The long read: The rise and rise of whisky in China<\/a><\/strong><\/h4>\n\n\n\n

A rapidly growing demand for whisky in China has seen UK exports rise substantially, but the big players are not just looking to bolster their selling power to China… now the race is on to create the first Chinese whisky, as Tom Pattinson reported in this long-form exploration of the Chinese whisky market. Is China\u2019s market a challenging one? Without doubt. But are the risks worth the seemingly endless rewards? For both big players and emerging makers, it seems so.<\/p>\n\n\n\n

2. What is Shein? The Chinese fast fashion retailer explained<\/a><\/strong><\/h4>\n\n\n\n

Since exploding in popularity in the late 2010s\/early 2020s, fast fashion retailer Shein has captured the attention of millions of shoppers worldwide with its rapid trend cycle and rock-bottom prices. However, its exponential growth has raised concerns within the business community and among consumers. In this article, FOCUS delved into the background of Shein, its remarkable growth, concerns surrounding its business model, and the implications of its expansion for British companies in China and beyond.<\/p>\n\n\n\n

3. British youth need to understand China better \u2013 here\u2019s why<\/a><\/strong><\/p>\n\n\n\n

An adjustment to Beijing\u2019s work permit rules earlier in 2024, removing the requirement for foreigners with university degrees to have two years of work experience when applying for a work permit in Beijing, offered some much-needed positive news for young Brits looking to develop their early careers in China. In the wake of that change, CBBC\u2019s Managing Director for China, Tom Simpson, explored what is being done to help revitalise exchanges aimed at developing an understanding of China among the UK\u2019s next generation.<\/p>\n\n\n\n

4. 50 pieces of advice on Chinese work culture<\/a><\/strong><\/h4>\n\n\n\n

Even for seasoned China hands, some aspects of how business is done in China can be downright confusing. Luckily, journalist and author Ralph Jennings has attempted to demystify Chinese work culture in his new book, 50 Useful Tips on China<\/em>. Paul French spoke to him about meeting etiquette, overtime and the concept of \u201cchabuduo<\/em>\u201d.<\/p>\n\n\n\n

5. How China is making payments easier for foreign visitors<\/a><\/strong><\/h4>\n\n\n\n

In mid-March 2024, the State Council and the People\u2019s Bank of China released the \u2018Guide to Payment Services in China<\/a>\u2019, which details a number of payment options for foreign nationals, from international bank cards to mobile options like WeChat and Alipay. The latter are particularly important for visitors trying to navigate China\u2019s largely cashless society and are only likely to become more important in 2025 and beyond.<\/p>\n\n\n

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\"Launchpad<\/a><\/figure>\n<\/div>\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

From an explainer on fast fashion success story Shein to a deep dive on the Chinese whisky market, these were the top 5 China business stories that captured the most attention on FOCUS this year. 1. The long read: The rise and rise of whisky in China A rapidly growing demand for whisky in China has seen UK exports rise substantially, but the big players are not just looking to…<\/p>\n","protected":false},"author":34,"featured_media":15095,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[132],"tags":[],"class_list":["post-15094","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"yoast_head":"\nThe top 5 China business stories of 2024 - Focus - China Britain Business Council<\/title>\n<meta name=\"description\" content=\"From an explainer on Shein to a deep dive on the Chinese whisky market, these were the top 5 China business stories of 2024\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/focus.cbbc.org\/the-top-5-china-business-stories-of-2024\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The top 5 China business stories of 2024 - 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