NATIONAL & INTERNATIONAL
TEMPORARY FURNISHED HOUSING EXPERTS Global Property Guide
Emerging markets are the next frontier for growing US based companies. With this global expansion, American workers are being asked to take assignments in unfamiliar countries. What should you know before you go? As Americans, we have developed expectations for every day interactions that can be drastically different than the interactions we will encounter in these new countries. Our Global Property Guide will assist you in understanding some of the benefits and risks that you should be aware of in these countries.
CHINA:
Rental Real Estate Information
As opposed to the pro-tenant laws in the US, Chinese laws are pro-landlord. The landlord is covered by the guaranty money and there are no restrictions regarding discrimination of tenants. "Gaurantee Money" (what we know asSecurity Deposits) tend to be much higher than what we are used to. It is not uncommon for a landlord to require two or three months rent as Gaurantee Money. In the US, we also typically are required to give Landlords at least a 30 day notice to vacate to terminate a lease. In China, the common provision calls for a 60-90 day notice to vacate. Subleasing is not allowed in the typical Chinese lease, unless both parties specifically agree. If you are staying in corporate housing in China, be sure your provider is aware of these standard pitfalls.
Customs & Cultural
The Chinese nod politely or bow slightly when greeting another person. A handshake is also acceptable, especially in formal situations or to show respect. A greeting common to foreigners is Ni hao ma? (How do you do?). The Chinese tend to be formal in their introductions; they use the full titles of their guests but are less precise identifying themselves. Chinese names usually consist of a one-syllable family name, followed by a one or two-syllable given name. A person is either addressed by the full name or by a title and family name. In lieu of professional titles, the Chinese equivalents of Mr and Mrs are used. Thus, Wang Jian-Jun can also be called Mr Wang, but never simply Wang and rarely ever Jian-Jun. In place of titles, the terms Lao (old) and Xiao (young) might be used between friends to show special respect.
Except in crowds when physical contact is unavoidable, the Chinese do not like to be touched by people they do not know. A smile is preferred over a pat on the back or a similar gesture. The Western custom of shaking a person' hand upon an introduction is becoming widespread throughout China. Personal space is very limited in China, especially while conversing.
The Chinese use their open hand to point rather than one finger. To beckon, all fingers wave with the palm of the hand facing down. In some regions, it is common for people to spit in public after clearing their throat. The government has tried to curb this behavior with fines, but because it is a custom necessitated by health conditions, it remains common.
It is common in China to show one's surprise or dismay by sucking air in quickly and loudly through the lips and teeth. Silence is respected in China.
When offering a gift, it is common to decline the gift several times before accepting it; as matter of proper etiquette.
Seating arrangements are important. At a business meeting, the main guest is always seated at the "head of the room", facing the door, with the host having his or her back to the door. When dining, the guest of honor always sits to the left of the host.
Economy
In late 1978 the Chinese leadership began moving the economy from a sluggish, inefficient, Soviet-style centrally planned economy to a more market-oriented system. Whereas the system operates within a political framework of strict Communist control, the economic influence of non-state organizations and individual citizens has been steadily increasing. The result has been a quadrupling of GDP since 1978. Measured on a purchasing power parity (PPP) basis, China in 2003 stood as the second-largest economy in the world after the US, although in per capita terms the country is still poor. Agriculture and industry have posted major gains especially in coastal areas near Hong Kong, opposite Taiwan, and in Shanghai, where foreign investment has helped spur output of both domestic and export goods. The leadership, however, often has experienced - as a result of its hybrid system - the worst results of socialism (bureaucracy and lassitude) and of capitalism (growing income disparities and rising unemployment). China thus has periodically backtracked, retightening central controls at intervals. Another long-term threat to growth is the deterioration in the environment, notably air pollution, soil erosion, and the steady fall of the water table especially in the north. China continues to lose arable land because of erosion and economic development. Accession to the World Trade Organization helps strengthen its ability to maintain strong growth rates but at the same time puts additional pressure on the hybrid system of strong political controls and growing market influences. China has benefited from a huge expansion in computer internet use. Foreign investment remains a strong element in China's remarkable economic growth. Growing shortages of electric power and raw materials may hold back the expansion of industrial output.
FEATURED PROPERTY:
Ascott Beijing
No 108B Jian Guo Rd Chaoyang District
Beijing, China 10002
Ascott Beijing offers luxurious serviced accommodation with comprehensive personalised services and facilities. It is centrally located to make your business travel, weekend retreat or extended stay convenient and enjoyable. Designed for discerning executives and their families, the residences are spacious and private with elegant and refined decor. You can relish in the cultural significance of the city while enjoying the personalised services that are tailored to meet your needs. Among the many services and facilities designed for the discerning executives and their families at these Ascott Beijing’s serviced apartments are monthly kids' parties, residents' parties, an The AscottLimited Ladies Club, in-house restaurants, grocery delivery (subject to availability), and shuttle services to various supermarkets. Rates: 1 Bedrooms from $3250/month & 2 Bedrooms from $4275/month
PICTURES & MORE INFO: http://oasiscorporatehousing.com/properties/ascott-beijing
*Corporate Housing Providers seeking to participate in our Perferred Provider Program are encouraged to email Steve Frey at smf@oasiscorporatehousing.com to hear about the benefits of working with OASIS. | | Reserve a corporate apartment in February and receive a free Nook e-reader. Mention this Special Offer in order to qualify. |
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OASIS has existing condos and apartments throughout the nation that may be available for your stay. We encourage you to use the link below to see what locations we currently have available. OASIS also maintains a database of privately owned condos that we have access to throughout the nation. If you would like options that are available at a location that is not listed on our website, please use the link below to request an option in your desired location. 
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