...The Influence of Internet Finance for SME Financing in China Introduction Currently, SME (Small And Medium-size enterprises) is the foundation of promoting national economy development, constructing the subject of market economy and promoting the development of social stability in China (Wang, 2011). In recent years, the economic situation has experienced dramatic change and this huge variation stimulates financing needs of SMEs in China greatly. Nevertheless, the majority of SMEs have financing difficulties due to their personal limitations and insufficient external support. As a result, it is hard for them to have a further development. With the advent of the information technology revolution, Internet Finance is considered as a new effective way to solve the financial difficulties of SMEs and it brings about many positive influences, although there are some negative aspects to improve. This essay will firstly inform background information about the reasons for SME financing difficulty as well as Internet finance’s current condition. Additionally, it will give evidence for the main argument that there are more positive influences than negative influences of Internet finance on minor enterprises’ financing issue. Finally, some practical suggestions will be put forward, helping Chinese SMEs to find the optimal choice in financing. Background There are more SMEs in China than before in accordance with the relevant statistics. According to Wang (2011), SMEs account for 99...
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...Rural Finance Opportunities in China By Alison Kennedy and Albert Chan From the steppes of Inner Mongolia to the tropical islands of Hainan Province, half of rural Chinese households lack access to banks or other formal financial services. With central government blessing, that will change over the next decade. But Chinese and multinational players considering this vast and variegated market will need innovative marketing and business models, a taste for on-theground campaigning, and patience. 1 2 Hidden in plain sight: the other economic miracle The popular narrative of China’s economic rise has been overwhelmingly urban and state-sponsored, from glittering architectural wonders rising up in Shanghai to new high speed railway lines and the growing appetite for cars and branded luxury goods. 3 Edited by Foxit Reader Copyright(C) by Foxit Software Company,2005-2007 For Evaluation Only. Government investment and private finance have indeed focused mainly on the country’s large cities, particularly along the eastern coastal provinces. That’s just half the story. Rural China, with between 50 and 56 percent of the population, or close to 700 million people, has emerged from the shadows and come of age economically. This vast collection of farms, villages, and towns in secondary coastal and inland provinces is now attracting attention from the Chinese central government, multinational corporations, investors, and local companies. Many larger Chinese enterprises...
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...was a huge contribution to how the fleets came to be so powerful and stand out from the rest. The rout he traveled on was the farthest and longest of all the other explorations of that time. That makes it very significant and unlike other traditional explorations. How advanced China was for it is time made sea travel easier for explorers. The Chinese has the compass, the map, and the astrolabe to help find their way and know what direction they where heading in. All of these are essential sea traveling tools and you could not choose one or the other or else you would get lost. China was also one of the largest working countries, which meant more workers and more production. All of China is extra manpower was why they were able to create so many fleets. It was also were a large portion of their crew on the ship came from....
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...strategic process in which marketing is conducted among people whose culture differs from that of the marketer. The differences in culture occur in various aspects like social norms, values and language. The differences also include such aspects as the living styles and education of the people. This paper addresses the need for company A which is US based to understand cross cultural marketing in China. The paper clearly defines the different areas which the company must consider when launching into China. This results from the fact that cross-cultural marketing requires sensitivity on the marketer. Failure to understand the tactics leads to the eventual failure of the marketing. Understanding the culture of the Chinese people and incorporating it into the marketing mix of Company A will result to the success of the company. Major Cross-Cultural Issues That May Impact Company A’s Marketing Approach There are various issues that make the country of china and US tremendously different in their cultures. One is the social structure which is extremely hierarchical and formal in China. This means that people should know their place in the hierarchy and fix themselves accordingly (Dsouza, 2012). One is not supposed to cross the boundaries into other areas. This differs from the way it is in America and where the structure is informal and loose. This is based on the democratic style of leadership that is depicted right from the government. In the US economy, people from different...
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...between imperial state and economic expansion in Sung dynasty Introduction: The economy of China under the Sung dynasty (960–1279) of China was marked by commercial expansion, financial prosperity, increased international trade-contacts, and a revolution in agricultural productivity. This dynasty had one of the most prosperous and advanced economies in the medieval world. Private finance grew, stimulating the development of a country-wide market network which linked the coastal province with the interior. This phenomena can be linked to the Chinese imperial state variously. This essay will analyze this situation in three parts, political environment, development of markets and technology, population growth and urbanization. The political environment is beneficial to economy (e.g. in Hsiao-Tsung’s case): The great economic expansion in sung dynasty was contributed from the stable political environment. In this section the Hsiao-Tsung’s reign will serve as the example case and be analyzed in the following paragraphs. The reason why choose it is that this reign is the most prosperous and tranquil reign in South Sung dynasty, which was depicted as the ‘golden age’ of this dynasty. To start with, generally speaking, the political trend which the political climate became increasingly conservative in its...
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...Chinese Language in America Chao Liang Kansa State University 12/7/11 Author Note Chao Liang, undergraduate student, Kansas State University. Chao Liang is major in Finance Management in Business College. This report is a summary of study of Chinese language; experience of teaching Chinese with American student who is taking Chinese class. The culture of Chinese language develops in America. Abstract In this report, it includes 5 main points refer to the Chinese language and personal experience. 1. From learning the Chinese language, grammar, pronunciation, to understand the Chinese language situation in America, Chinese America experience in America. 2. Conclude the experience through teaching Chinese. 3. Compare Chinese cultural and America cultural. 4. Analysis what classmate sharing in class, the importance of team work. 5. Suggestion for the future class. These five different points connected by one common thing, Chinese language. The whole report emphasizes the development of Chinese language in America. How these two different cultures occur chemistry reaction. The improvement of teaching skill make a big contribution on develops of Chinese in America. Chinese Language in America As a Chinese, with more than 10 years of Chinese learning, we cannot image how the foreigner learn Chinese. After study in America, we can see lots of natives are willing to learning Chinese even though it seems extremely difficult to them...
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...no central command and control and no master plan to destroy and population or group. The thesis of the book is significant. Based on opportunists’ point of view, the authors wrote all the chapters from a relative objective point of view, which means that they treat the origin, spread, development, and the fall of drug trade as the result of supply, demand, profit and power. The book “Webs of Smoke” contains an introduction and eight chapters and a conclusion at the end. Each chapter is relative independent from each other. The introduction part, “Men in the Shadows” talks about the background of narcotics business and the origins of the opium trade. Chapter one, “Bureaucrats” talks about the international debate on illicit trade in China and some international organizations like League of Nations. Chapters two, “Merchants” focus on how Shanghai and Yunnan became a...
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...China in Africa Christopher Ransom On October 24, 2013, Professor Deborah Brautigam, from the School of Advanced International Studies at Johns Hopkins University, spoke on China’s impact in Africa. She began by discussing China’s thirst for resources in the area and how it was evident from her very first visit to Liberia in 1983. Professor Brautigam has written two books on the subject: Chinese aid and African Development and The Dragon’s Gift, so she seems to be a very reliable source of information. Initially one would think that the involvement is very big with twenty-five big dams built by Chinese funding, but a closer look shows that only five of the twenty-five were actually relevant operations of the Chinese. With that said, she did say that the engagement with Africa does present a very difficult situation with the tree and ivory demand of China. The high demand of both these goods makes for a very unhealthy and dangerous situation to the environment of Africa. Professor Brautigam then spoke on the partnership of China and Sudan and the deadliness of this. China is the largest supplier of guns to Africa. It goes without saying that this is not a good thing and results in a very dangerous atmosphere. Even with all of the downsides to the partnership of China and Africa Professor Brautigam did want to strip away all of the myths of the relationship. To begin she discussed how long they have been there, which has been since about the 1950s and has really ramped...
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...primary in the Chinese market. He soon opened over 20 restaurants, however, he made several changes to the menus and appearances of each store, and this was against policy to maintain brand positioning. He was also very risky in his use of non-GAAP data within his financial statement which also led to negative exposure. Finally, he lacked in designing future strategies that were necessary to further expansion of Levendary in China. Why did the company expand from the USA to China? What are their general goals in China? What plan/strategy did they use in how they entered China? 1. China was ripe for investment: With the GDP in China growing almost 15% over the last ten years, couple with their huge population of almost 1.5 billion citizens, China was perfect for expansion purposes since they carried consumption power for both products and services from the United States. 2. Internal reasons: The domestic growth of the Levendary has been decreasing over the last several years and was not seeing much growth in the United States, so an expansion to China would be an excellent idea. 3. Success of other brands: With the pattern of success for other food...
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...Jonas Best 2014400633 China Roots Seminar -‐ Reflection paper China’s outbound M&A: Explaining the low success rate In recent years Chinese companies started to increasingly engage in M&A with foreign companies. China’s foreign currency reserves are the highest in the world and acquiring foreign targets is part of the PRC’s plan to reduce its current account surpluses. M&A is the preferred way of globalization for Chinese companies. Despite that, M&A with Chinese acquirers are often unsuccessful and the failure rate for Chinese acquirer exceeds the global average for cross border M&A significantly. The overall failure rate for cross-‐border M&A with emerging market acquirers is 8%, whereas the failure rate for cross-‐border M&A with a Chinese acquirer is 15% according to a study of Hawn (2013, p.95). In addition to that, there are various studies that...
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...For Japan, China was the largest export market in 2009 (its share 18.9%, Source: Ministry of Finance Japan). China is a manufacturing base for Japan. For cost reduction, many Japanese companies set up their own factories in China. Since these factories cannot purchase all the parts locally, especially high-tech ones, Japan provides raw materials ,parts and manufacturing equipment to China and then these factories assemble and export them as finished goods to United States, Japan and so on. In fact, the statics below shows that intermediate goods (raw materials) account for 72% of the current export to China. 22% of the remaining 28% are capital goods like manufacturing equipment. 【Breakdown of export amount from Japan to China in 2009, US$Billion】 Breaakdown Amount share Intermediate goods (raw materials) 88.1 72% Finished goods Capital goods 27.7 22% Consumer goods 6.47 6% Sum 122.2 100% Source: Ministry of Finance Japan I think there are two factors which affect the relation of trade between Japan and China: One is increase in China’s labor cost and the other is the appreciation of Renminbi against US dollar and Japanese Yen. 1. Cost competiveness Japan has prioritized on China when it does production transfer to overseas countries, because China has cultural proximity, language similarity (both countries use Chinese characters) and closeness of geographical distance with Japan. Above all, the most important advantage China has is its...
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...THE OVERSEAS CHINSESE SOCIETY A. Old and New Generation: How are they Different? B. The New Business of the New Generation C. The New Trend in the Chinese Immigration CONCLUSION A. Future Outlook of the Hua Qiao B. The opportunity to work with Overseas Chinese: WCEC 2005 in Seoul Introduction Defining overseas Chinese Overseas Chinese are ethnic Chinese people who live outside of China. China, in this usage, may refer to Greater China including territory currently administered by the rival governments of the People's Republic of China and the Republic of China as per traditional definitions of the term prior to the Chinese civil war, or only to the People's Republic of China by some quarters. In addition, the government of the Republic of China granted residents of Hong Kong and Macau "overseas Chinese status" prior to their respective handover to Beijing rule, so the definition may be said to loosely extend to them. In terms of terminology1, strictly speaking, there are two words in Chinese for overseas Chinese: huáqiáo (华侨 / 華僑) refers to overseas Chinese who were born in China, while huáyì (华裔 / 華裔) refers to any overseas Chinese with a Chinese...
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...A. Executive Summary: The Zhong-Lian Knitting Company Chinese Joint Venture (JV) is facing trouble among its two owners that have different objectives. American based Heartland Spindle is looking for higher profits and a move to higher quality clothing markets in the USA while Suzhou First Textile Company, the Chinese partner, is looking to enter the domestic Chinese market and expand its manufacturing capacity through job growth, in line with local government pressures. My recommendation is to first focus on what is best for the JV given its situation and opportunities – which is to grow through acquisition and focus on expanding its current clothing products into the Chinese Domestic market. From that analysis with the implied 4% ROI, Heartland should to exit the JV and invest in entities that better meet its needs and expectations in countries that are more attractive to its needs. Finally in the future Heartland should be more careful when entering into JV agreements so that all parties have an appreciation for cultural differences, a common understanding of objectives and directions that are embedded in the JV agreement. Note – the Executive Summary is one area that is repetitive of other sections given its nature. B. Industry Dynamics: The Zhong-Lian Joint Venture (JV) is currently manufacturing clothing for the US mass market, a strategic group within the overall apparel industry (versus high end fashion brands). Their clothing is sold through retailers such as Walmart...
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...Grading Rubric and Example of Case Analysis for MGMT 430 Decision Making Assignment Grading & Feedback (helpful hints in italics) Student: ____________________________Assignment: ______________________________ Area Additional Comments – also see submitted analysis: Executive Summary – clear and concise on key issues and recommendations 5 Executive summary should make the key issues and the recommendations clear for the reader. No need to discuss processes or extraneous items. Industry Dynamics – identifies key issues about how the industry and key competitors operate to provide customer value and profitability 5 Identify how the industry actually operates – are there strategic groups within the industry, how do key competitors provide value to the customers, how do firms generate profits and are there any resources, capabilities or collaborators that are key to success. Performs an insightful Situation Analysis using at least 3 frameworks appropriately (appendix)– IDs key issue(s) 20 Frameworks include such tools/concepts as: Stakeholders Analysis, SWOT, Root Cause, 5 Forces, 5 C’s, Market Expansion grid, etc. The actual frameworks should be placed in the Appendix. Use numbers! Specifies Opportunities Available or Penalties if problem continues 5 Impact of situation or opportunities are clear& specific – magnitude is identified (answers “so what” Appreciation) use numbers whenever possible! Logical...
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...lunch session, Clara Chan received her first lesson in JV management and experienced what it is like to be in a venture with the Chinese. Yang Zhao gave a rather subtle complement to Chan by saying that she belonged to the Chinese background and due to which she will be culturally in sync to help Sheraton and Chinese Ministry of Foreign Affairs to establish a good understanding and a better network of communication between these two companies. Chinese Economy: At a Glance Chinese government is tried to make a favorable market condition for the foreign investor to attract them to invest in China. The result to which was that Sheraton Asia Pacific Corporation signed the joint venture agreement with the Chinese Ministry of Foreign Affairs in August 1996. Sheraton Asia Pacific Corporation made the proper utilization of this opportunity and invested for the expansion of the company. China is one of those countries where the economy has been booming for the last few decades and growing very rapid pace...
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