“Uscendo. Andare globale„ lungamente è stato il raduno grida per l'incoraggiamento del governo della Cina di sviluppare le posizioni competitive. È una politica espressa chiave.
No, non stiamo parlando delle Olimpiadi qui; Mezzi “globali„ andanti economia ed impresa.
E la Cina significa il commercio per il Regno Unito.
La lezione è che la chiave a successo in queste Olimpiadi di affari non è…
Da Klaus Koehler
Accordi e riforme dopo avere unito il WTO
Quando la Cina ha aderito al WTO, l'organizzazione ha richiesto la Cina per aderire agli obblighi speciali riguardo al commercio della banca nel paese. La Cina ha dovuto accosentiree per aprire il loro settore della banca completamente alla banca straniera in cinque anni dopo avere unito il WTO da 2001 - 2006. La Cina specificamente ha accosentito, quello permetterebbe che la banca straniera compia il commercio di valuta estera senza alcun accesso del mercato o limitazioni nazionali di trattamento e conduca il commercio di valuta estera con le aziende straniero-investite e gli individui stranieri salvo determinate limitazioni geografiche.
Due anni dopo avere unito il WTO, la banca straniera dovrebbe potere condurre il commercio domestico di valuta con le aziende cinesi conforme alle limitazioni geografiche speciali ed in cinque anni de Cina accosentita per alzare tutte le limitazioni geografiche. 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 >>
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