What is the process of price negotiation between the Chinese side and the German side

Price negotiation preparation stage, preliminary negotiation stage, bargaining stage, agreement reached stage.

1, the price negotiation preparation stage: before the negotiation formally begins, both sides need to carry out some preparatory work, including understanding the market price, understand each other's needs and conditions. This stage will usually need to exchange information and data to facilitate decision-making in the negotiations.

2, the preliminary negotiation stage: in the initial stage after the start of price negotiations, the two sides will be on the price and other business terms of the preliminary discussions to determine the other side of the bottom line and their own bottom line. At this stage, the two sides will usually conduct multiple rounds of negotiations in order to find a relatively appropriate price range.

3, bargaining stage: after the initial negotiations, if there are still differences between the two sides, then the need for further bargaining. In this stage, the two sides will be on the specific price and other terms of in-depth discussions to find a mutually acceptable program.

4, the agreement to reach a stage: in the two sides on the price and other terms of agreement, you can sign a formal contract or agreement. After the agreement is reached, both parties need to fulfill the terms and obligations in the contract or agreement to ensure the successful completion of the transaction.