Posted in August 19, 2010 ¬ 2:32 pmh.jeff
The Basics of American and Chinese cultural differences when doing business in China:
Some key differences in business culture between US and China:
Americans wants do 'do a deal' while Chinese want to 'build a relationship'
Americans wants to maximize short-term profits while Chinese are long term thinking
Americans are 'direct' while Chinese will not deliver bad news
Americans want [...]
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Posted in August 17, 2010 ¬ 3:36 pmh.admin
BEIJING – Most China-related merger and acquisition deals have rebounded strongly in the first half of the year, and set the scene for robust activities for the remainder of 2010 and into 2011, accounting firm PricewaterhouseCoopers (PwC) said on Monday.
Chinese outbound merger and acquisition deals for the first six months of 2010 have reached record [...]
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Posted in August 8, 2010 ¬ 3:55 pmh.admin
On June 19, China said it would let the yuan appreciate, after being tied as tight as an anchor to the dollar since 2008. The policy gave China a boost politically, but it hasn’t had any real effect economically, because the yuan has appreciated just 0.8% since them.
But William Cline, a veteran international economist at [...]
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Posted in August 5, 2010 ¬ 5:10 amh.admin
Compared to USA, China is still in the early stage of e-commerce online shopping development. Base on statistics from enfodesk, in 2009, the online e-commerce market in China reached 252.7 billion RMB (about $37.7b USD). The market scale in USA was $134.9 billion 3 times greater than China. However, the population in China is 4 [...]
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Posted in August 2, 2010 ¬ 3:22 amh.admin
China’s economy is becoming stronger and many foreign companies are concerned that China will no longer pay attention to or support foreign investment. However, according to the British financial newspaper, ”Financial Times” states “Thriving China is ever more open for business” . The article was written by Deming Chen, officer of China Ministry Commerce.
Chen Pointed out [...]
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Posted in July 23, 2010 ¬ 5:08 amh.jeff
New energy initiatives are always a hot topic especially as China has been recently dubbed as the worlds leading energy consumption country. While China has put a lot of effort in new energy development., according to recent news from Beijing, the National Development and Reform Commission will submit a New Engergy Planning Proposal to the State Council proposing an [...]
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Posted in July 19, 2010 ¬ 11:20 amh.admin
The China market offers opportunities for companies that can navigate its evolving sales and distribution landscape. CUBD brings more than 7 years experience in China Distribution strategies.
http://chinabusinessreview.net/public/1007/feuling.html
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Posted in July 19, 2010 ¬ 11:17 amh.admin
Foxconn Technology Group, the contract maker of Apple Inc iPhones and Hewlett-Packard Co computers, plans to establish a factory with 300,000 workers in Zhengzhou City, capital of central China’s Henan province, the local government said. CUBD client Unis TH Technology is also building a Technology Park in Zhengzhou City, capital of Henan Province.
http://www.chinadaily.com.cn/bizchina/2010-06/28/content_10029940.htm
http://www.aautech.com/foxconn-announces-investment-in-chengdu-and-zhengzhou.html
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Posted in July 19, 2010 ¬ 10:56 amh.admin
Fewer migrant workers are heading to manufacturing zones, putting pressure on wages.
http://online.wsj.com/article/SB10001424052748703609004575354501318242096.html?KEYWORDS=China+starts+looking+beyond+its+era+of+breakneck+growth
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Posted in July 19, 2010 ¬ 10:49 amh.admin
THERE is no more potent symbol of the relative decline of Western finance than the revolution in Chinese banking over the past decade. While American and European banks have been busy blowing up, China’s have been transformed from communist bureaucracies crippled by bad debts into something resembling world beaters.
http://www.economist.com/node/16541609?story_id=16541609&CFID=136001590&CFTOKEN=33004485
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