“Saliendo. El ir global” ha sido de largo el grito de la reunión para el estímulo del gobierno de China de desarrollar competitividades. Es una política expresa dominante.

No, no estamos hablando de las Olimpiadas aquí; Medios “globales” que van economía y empresa.

Y China significa el negocio para el Reino Unido.

La lección es que la llave al éxito en estas Olimpiadas del negocio no es…

Lea el resto de “China está ampliando su imperio económico global” o fijan un comentario >>

Por Klaus Koehler

Acuerdos y reformas después de ensamblar el WTO

Cuando China ensambló el WTO, la organización exigió China para conformarse con obligaciones especiales referentes al negocio del banco en el país. China tuvo que acordar abrir su sector del banco totalmente en los bancos extranjeros en el plazo de cinco años después de ensamblar el WTO a partir de 2001 - 2006. China convino específicamente, eso permitiría que los bancos extranjeros lograran negocio de la moneda extranjera sin ningún acceso del mercado o limitaciones nacionales del tratamiento, y dirigieran negocio de la moneda extranjera con las compañías extranjero-invertidas y los individuos extranjeros, conforme a ciertas restricciones geográficas. Two years after joining the WTO, foreign banks should have been able to conduct domestic currency business with Chinese companies subject to special geographic limitations, and within five years China agreed to lift all geographic restrictions. China also agreed that foreign banks are allowed to provide financial leasing services at the same time as their Chinese counterparts.

However, China was slow in implementing the agreements. In 2002 the People’s Bank of China issued regulations governing foreign-funded banks along with rules to keep pace with the WTO commitments but the PBOC was extremely cautious in opening their bank sector. This situation made it difficult for foreign banks to enter the market and expand their presence. To give an example, the PBOC allowed foreign-funded banks only to open one branch every 12 months. Of course this resulted in pressure from countries such as the USA, Australia, Canada Japan and several European countries. Therefore the PBOC announced in December 2003 that foreign banks were permitted to conduct domestic currency business with Chinese companies and the working capital requirements for foreign banks were reduced. Read the rest of “China’s Banking Industry Part II” or post a comment

My friend Chris Carr, dean of the CalPoly MBA program and the brains behind the International Business Tour blog has a very thoughtful post, entitled, “Will Paying More Change Behavior And Make Someone More Ethical?” Thoughtful, but wrong.

The post centers on whether paying more gets you better performance and/or better ethics, and Chris pretty much says it does not:

“Some suggested that we could solve the problem of too many defective products coming from China by paying more to the Chinese suppliers that make this stuff. I questioned that assumption, and still do…

Read the rest of “Why Paying More Is Good China Business” or post a comment >>

By Klaus Koehler

When the China Industrial and Commercial Bank (ICBC) opened for public trading at the stock exchange end of October, the bank raised a total of USD 19.1 billion to start with, achieving the largest initial public offering ever. ICBC is now the top listed bank in Asia and the fifth biggest in the world.

Despite the enthusiasm created by ICBC’s listing, and the fact that international advisors such as Morgan Stanley are planning to add ICBC to its standard index soon, some analysts are still concerned about the basics and fundamentals of China’s banking industry. Over a long period, loans were approved by politically motivated reasons rather than economic decisions, and on several occasions, banks previously had to be “bailed out” by the government.

History of the Banking Industry in China

In the earlier years of the People’s Republic nationalization, the consolidation of the country’s banks received the highest priority. Therefore the banking industry was the first sector to be socialized. In order to maintain a firm control over all financial services, including credit and money supply, the banking system was centralized under the Ministry of Finance.
Read the rest of “China’s Banking Industry” or post a comment

China has been trying to stem an ever growing trade surplus, manage domestic inflation, move development from the coastal areas to the inland areas and decrease its dependence on heavily polluting industries.

Because of these objectives, manufacturing in China is becoming more expensive as China adds in hidden (and sometimes not so hidden) costs into the sourcing equation. 

Here are the top 4 reasons you can expect costs to continue to rise in 2008:

Read the rest of “4 Reasons Sourcing from China will be More Expensive in 2008″ or post a comment >>