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Read the rest of ¡°What¡¯s in a Name?¡± or post a comment
April 16th, 2008 by China Business Success Stories
By Gregory Sy, Grandall Legal Group
I. Employment Law Legislation
1. What legislation governs employment law in China?
Employment law in China is governed by a relatively comprehensive set of laws, more recently supplemented in late 2007 to strengthen workers¡¯ rights.
Major laws include:
- Labour Law of the People¡¯s Republic of China (1994) (¡°Labour Law¡±)
- Labour Contract Law of the People¡¯s Republic of China (2007) (¡°Labour Contract Law¡±)
- Labour Arbitration and Dispute Resolution Law of the People¡¯s Republic of China (2007) (¡°Labour Arbitration Law¡±) (effective May 1, 2008) Read the rest of ¡°Guide to Employment Law in China – 2008 (Part I)¡± or post a comment
April 14th, 2008 by China Business Success Stories
By Etienne Charlier
You doubtlessly have heard and read many different stories about sourcing in China. Some are thrilling and others are scary. But ultimately, what really matters is to understand enough of the ins and outs of the China sourcing scene in order to answer a few key questions for your company: To Source or Not To Source; To Source What and What Not To Source?
Sourcing in China is a hot topic. Nevertheless, decisions to source (or not to), what to source and how to source are not little decisions to take because it seems like a good idea. A sourcing project in China is a time consuming but rewarding exercise. It is not for the ill-prepared but it can lead not only to lower cost quality supplies but also to increased flexibility and improved products. Read the rest of ¡°Ins and Outs of Sourcing in China¡± or post a comment
April 10th, 2008 by China Business Success Stories
A one-stop luxury logistics solution
By Russel Beron
Similar to the pharmaceutical supply chain, luxury goods have their own complexities.
Until a few years ago, distribution of luxury goods in China were controlled by state owned companies with little knowledge about sophisticated marketing, distribution and supply chain management strategies. Under WTO commitments, companies like Alfred Dunhill were allowed to open their own stores in China in 2003 – the problem was they didn¡¯t have an effective distribution and logistics solution for mainland China.
They turned to their Hong Kong logistics service provider, Kerry EAS. Formed out of a merger between Kerry Logistics and EAS, an air freight business formerly owned by the national security bureau, Kerry acquired EAS to help them enter the mainland market.. Acquiring EAS allowed Kerry to access a wide distribution network in China. Read the rest of ¡°China¡¯s Supply Chain raises the bar - Part II¡± or post a comment
April 9th, 2008 by China Business Success Stories
Chinese youth intend to spend ¡°considerably more¡± in 2008 than they did in 2007. Multinationals had better start thinking young
By Shaun Rein
This article originally appeared in Business Week
The subprime debacle has rattled retail sales in the U.S., forcing many companies to downgrade sales estimates as consumers shy away from checkout counters. Luxury retailers and credit-card companies in the U.S. have recently reported bearish projections for the coming quarters.
China, however, is a retail market on the rise. In 2007 China posted 17% growth in retail spending. Electronics retailers Guomei and Suning posted record numbers, and both paint positive pictures for the future as Chinese consumers continue to buy LCD TVs from LG Electronics and mobile phones from Nokia (NOK).
Much of this continued growth is fueled by Chinese under the age of 32. My firm, the China Market Research Group (CMR), conducted in-depth interviews with 500 Chinese between the ages of 22 and 32 in 10 cities to gauge whether fears of a global slowdown would influence their shopping habits. Read the rest of ¡°China¡¯s Rising Retail Market¡± or post a comment