...Up to now, Chinese bourgeoisie swore only by the famous international luxury brands such as LouisVuitton, Hermes or BMW. Today, some Chinese brands are trying to conquer a piece of the enormous cake: China will represent 20% (27 billion dollars) of the worldwide luxury market by 2015,. Watches, cosmetics, jewelry, spirits or clothing: here nine brands Qeelin NE Tiger Moutai Shang Xia Longio Hongqi Chow tai fook Herborist Dorian Ho which start to emerge and which hope to regild the image of the “made in China”. The brand Shang Xia was created by the French group Hermes to conquer the Chinese market only. For that, Hermes recruited the designer Jiang Qiong, also chairman of the company whose Hermes owns 90%. With 60% foreign customers with 40% Chinese , Shang Xia as well sells cashmere coats , furniture with zitan (an invaluable wood), or tea sets. After being launched in 2010 in Shanghai, the brand opened in September its second shop in China World, the luxurious Beijing business district. Its turnover would rise to approximately two million euros for 2011. After having started in the sale of fur and leather products in 1992, the brand Tiger (for Northeast Tiger – Tiger of Siberia) turned gradually to the haute couture. Today, its founder Zhang Zhifeng fixed himself for objective to reinvent the Chinese traditional dress. Its styles use ancestral techniques of weaving and silk embroidery. Tiger quickly imposed its « dna » at the fashion shows: the brand for example organized the...
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...Wal-Mart and the Chinese Market Kristen Dawdy International Business Instructor Kip Roddenberry October 18, 2015 Wal-Mart and the Chinese Market Wal-Marts biggest reason for entering the Chinese market is because it was a way to receive products at a cheaper rate, allowing the price of the products to be lower. Wal-Mart is known for having low prices, and the Chinese market is what makes this possible. If they were to purchase their items from a country that charged them more, then the consumers who shop at Wal-Mart would be paying double of what they pay now. It all breaks down to supply and demand. “Wal-Mart has operated in China for 16 years. According to its web site, Wal-Mart “opened its first Supercenter and Sam’s Club in Shenzhen in 1996.” By March 2012, it ran Supercenters, Sam’s Clubs, and Neighborhood Markets in China. Its footprint then included “370 units in 140 cities in 21 provinces and four municipalities.” And Bloomberg reported that as of October 2011, Wal-Mart’s China sales totaled $7.5 billion” (Cohan, 2012). Sixteen years is a long relationship for Wal-Mart and the Chinese market, and it has been proven to be worth it for both of them. Everything Wal-Mart has done has proven to be an advantage for the company. They have over 4,000 stores worldwide, and over 3,000 of those are supercenters. The supercenters bring in the most money because it allows people to shop for multiple categories of items without having to go to another store. This is what...
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...The Classical Chinese Art Fund The Classical Chinese Art Fund FR3208 Arts and Antiques Market: Coursework 2 The Classical Chinese Art Fund Content Page 1. The Classical Chinese Art Fund 1.1. What is the Classical Chinese Art Fund? 1.2. Investment Profile of the Fund 1.3. Rationale: The China Factor 1.4. Investment Approach and Strategies 1.4.1. Growth Strategies 1.4.2. Risk Management Strategies 2. Market Analysis 2.1. Art Segmentation 2.1.1. Chinese Calligraphy 2.1.2. Chinese Paintings 2.2. Major Players 2.3. Demand and Supply Analysis 3. Role of Public Institutions and Regulatory Policies 4. The External Competitive Environment 4.1. Correlation between Chosen Sector and other forms of Investment 4.1.1. General Outlook of the Art Fund 4.1.2. Comparative Analysis of the Fund and Other Art Investment Funds 5. Prospective Investment Portfolio of Art Works 6. Conclusion • Appendix The Classical Chinese Art Fund FR3208 Arts and Antiques Market: Coursework 3 The Classical Chinese Art Fund 1. The Classical Chinese Art Fund 1.1. What is the Classical Chinese Art Fund? The Classical Chinese Art Fund is an investment fund approach that capitalizes on the valuable asset class of Classical Chinese Art, specifically Chinese paintings and calligraphy art pieces. Chinese paintings and calligraphy art works are considered ...
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...Universidad Carlos III – Master in Financial Analysis Shanghai Stock Exchange Financial Market Report Guidance: Mikel Tapia Miguel Teixeira Pinto Navkaran Bakshi 1 Universidad Carlos III – Master in Financial Analysis Introduction Regarding the subject Financial Markets, we will analyze the Chinese Stock Market and understand how it works. In that sense, with the support of Professor Mikel Tapia, we will study the type of Market that we are leading with, which type of brokers belong to this Market and all the other rules that we think that are relevant to the Shanghai Stock Exchange and to the Investors that work with this Market. So, first and to contextualize, we will start with an explanation of the Stock market with some relevant historical information. In this brief introduction, we will approach the information related with the creation of the Market and the modifications that it suffered during the years. After this deep analyze, we will pass to the descriptive analyze where we will try to explain and understand how the Market is Operating. 2 Universidad Carlos III – Master in Financial Analysis Market History The Shanghai Stock Exchange is based in the city of Shanghai, China. It was inaugurated in November 1990 and is wholly state-owned with a Market Capitalization of $2.3 trillion making it the World’s 6th largest stock Market. It is one of the two Stock Exchanges operating in China (Shanghai Stock Exchange and the Shenzhen Stock Exchange)...
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...ANZCO Foods Limited: Pursuing the Chinese Market From my perspective, the answer to Parker’s question at the end of the case is to use different prices or different products in different markets. And to better conduct this strategy, I would suggest ANZCO to launch its own importer firm in China if possible. Because with its own firm, it can better control distribution process and better sell its products. My specific suggestions are as follows. Positioning: Geographically ANZCO should focus on two big markets: Northwest areas and eastern areas. The target market should be northwest area, because sheep meat is a major part of consumer diets in that area. And for the eastern area, the eastern coast should be the most important area because the purchasing power for this area is higher than others, where ANZCO can use a higher price and its premium products to further its profits. Besides, Chinese market can also be divided into urban and rural area. I would suggest ANZCO to target at the most developed regions first because the purchasing power of those areas are higher and they are the major centers of processing industry. I consider the best way for ANZCO to expansion within these areas is to cooperate with hypermarket players in China because some of them plan to launch more shopping centers in China. Products: I would suggest ANZCO to provide low-end cuts of sheep meats, and lamb flaps should be the main products in Chinese market. Because in China, mutton flaps are seen...
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...Influence of Chinese Culture on World Markets China has one of the largest populations in the world, it stands to reason cultural beliefs and trends would hold sway with many of the major manufacturers who sell internationally. Markets such as music, movies, television and video games are all affected by the preferences of one of the largest consuming countries on Earth. If a certain type of movie is popular the time, it’s only reasonable that the movie producers would cater to that. The influences are wide spread and well defined in nearly all forms of pop culture. China, as a nation, is growing very rapidly, both economically and in terms of population. They’re spending power has grown nearly 57% in the last five years alone. This allows them to invest in foreign markets on an immense scale, and therefore hold considerable sway over what is produced and distributed. Industry is moving East, and as such, so is a lot capital which fuels this investment. The continuing growth is expected to be at least 30% in the next year for most major industries. Movies with martial arts sequences tend be very popular. Even if the actors are not themselves of Asian descent, the fighting styles are visually interesting, and therefore the movies do well. Actors like Jet Li, Jacky Chan and many, many more have revolutionized movie making by implementing different forms of karate, tai kwan do and other fighting styles. Movies like The Matrix, Crouching Tiger, Hidden Dragon and The Last...
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...An Inflection Point in Chinese Capital Markets JC de Swaan Caijing Magazine July 3rd, 2009 The institutional development of Chinese capital markets has lagged – while a growing body of academic literature has demonstrated the positive linkages between the development of capital markets and economic growth, China has managed to grow at a breath-taking 10% CAGR over the last 30 years despite lacking commensurately developed capital markets. Several announcements in the past months suggest a potential shift – China may be finally paving the way to modernize and open up its capital markets, a process that has been long in the making. This time however, a date has been set with the announced objective of turning Shanghai into a global financial hub by 2020. In order to achieve that goal, several seminal changes will need to take place. Foremost among these will be convertibility of the Rmb and opening up of equity capital markets to foreign investors beyond the tightly controlled QFII program in existence. A set of domestic-oriented reforms, including a broadening of financial service offerings, will also be critical to the transformation. While the US-borne financial crisis has triggered much soul-searching in developed economies and a vigorous debate on reforms of financial institutions, it has had none of that effect in China. If anything, it appears to have accelerated plans to reform Chinese capital markets. At a high level, this can be seen as part of a broader effort to assert...
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...Fortune 500 Companies Nose-Dive in the Chinese Market Candice Tabb International Business MGMT 338 5 December 2014 Duane A. Beaudoin Abstract Fortune 500 companies Home Depot, BestBuy, and Mantel have all failed in the Chinese market. External forces such as competitors and sociocultural effect the companies’ ability to overturn a profit resulting in a complete withdraw. The ideal profitability of China’s market has shown resistance to standardized companies. The unwillingness to adapt and conform to consumers and the lack of preparation on all three companies serves as a lessons learned and displays the true setback of standardizing a product vs. adapt or formulate a new. Fortune 500 Companies Nose-Dive in the Chinese Market China’s Foreign Direct Investment (FDI) and its economy have changed dramatically since the 1980’s. Revolution was widely due to the reform era lead by Deng Xiaoping. During the early 1980’s FDI was restricted to a small number of markets in certain regions. FDI policies evolved with time in the mid 1990’s and in the millennium, government policies relaxed and unified with domestic companies. Foreign companies are enticed into the Chinese market by its rising gross domestic product (GDP), favorable foreign exchange regulations, licensing requirements, tariffs, and taxes (Hale & Long, 2012, p. 2) Many U.S born businesses hop on the bandwagon in globalizing in economically stable countries. Hamlin & Li (2010) stated, “In 2010, China...
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...How have some Chinese companies achieved success in foreign markets? 1.Introduction China is a sleeping dragon, who will tremble the world if she awakes. (Teagarden and Cai, 2009, P73). Since China open the door to welcome the world in 1978, many companies start to be built up, and the economy of the country becomes better and better. 2001,China joined WTO, which enable China move forward in the road of globalization. And now, the western country and America can not ignore this huge “thing”, they start to realize the importance of cooperating with China. This essay will discuss what successes have some Chinese companies achieved and how they made it. 2.Examples of Chinese companies There are many Chinese companies seeking for opportunities to make a step overseas, and Lenovo is one of the most successful one. According to Teagarden and Cai (2009, P74), Lenovo is a brand funded by an engineer named Liu Chuanzhi and other 10 engineers who are following him. Lenovo started its business from producing personal computer. Now, it occupy the first place of Chinese and the fourth place of the world’s personal computer manufacturer. And the second example is Huawei, Teagarden and Cai (2009, P74) state that the previous army officer Ren Zhengfei creates Huawei in 1988. This company is focus on manufacturing software and hardware of telecommunications equipment. Besides, they have many labs in India, America and Russia; they consider the research in the technology is the most...
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...Introduction The stock market is the most active financial market in the U.S., which includes more than 5000 securities companies, trade associations, the stock exchange, investment banks and other institutions. The stock market can be divided into two level. The primary market including corporation, government agency, and investment bank sells securities to initial buyers, in other words called securities issue. The secondary market resell securities which have been previously issued in primary market. Secondary market can be organized in two ways. One ways is to organize exchanges, “where buyers and sellers of securities (or their agents or brokers) meet in one central location to conduct trades.”(Mishkin Eakins) The other way is to have an over-the-counter (OTC) market. The participants in OTC market trade through telecommunications networks such as telephone, email, and electronic system without a regular location. One of the importance network is the National Association of Securities Dealers Automated Quotation System (NASDAQ). Beyond those, Electronic Communications Networks (ECNs) have been challenging both the organized exchanges and NASDAQ for years. ECNs is a large quantity of stock trading electronic network that connect brokerages and traders so that they can trade directly without intermediaries. There are tens of billions of dollars of stock trading in the market every day. The management of the stock market of U.S. government is to regulate the issue and trading...
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...Case 2-1 BMW Taps the Emerging Chinese Luxury market 1a) Human beings have a tendency to demand more luxury products when their income increases. As the text indicates, income of Chinese people has risen over the last few years so they start to demand more luxury goods. With their higher income also the more traditional collectivist values disappeared. 1b) Chinese people believe that the countries in Northern-Europe are symbols of luxury and with their recent rise in income they are starting to demand the same products that are available in Europe. Another reason is the recent change of position of the Chinese government, they used to have a collectivist point of view but in the last few years they have opened up their markets and became more Western orientated. With opening their markets more European products became available to the Chinese people. It also is a legal requirement for European companies to set up joint ventures with Chinese companies, European companies most likely choose the best rated Chinese companies what gives the Chinese people the idea that their products are of high quality. 5) Every international orientated company customizes their products for different countries and cultures. Every culture has its own preferences and demands for products and it would be smart for companies to adapt to these preferences. As written in the text, Chinese people demand more limo-like features, preferences per region differ and they are more focused on hybrid vehicles...
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...THE CHINESE MARKET FOR CLOTHING THE CHINESE MARKET FOR CLOTHING Abstract for trade information services ID=42692 International Trade Centre (ITC) The Chinese Market for Clothing. Geneva: ITC, 2012. xi, 92 p. (Technical Paper) Doc. No. SC-11-212.E Survey on Chinese market for clothing - describes the structure and characteristics of the domestic Chinese market for clothing; provides an analysis of the tariff structure of imports by product group; outlines special import regulations, customs procedures, transport, as well as requirements relevant to packaging, labelling, standards, and ethical trading; examines the market potential, the consumer preferences and behaviour; provides an overview of the distribution channels, the major brands, the procurement practices including the use of e-commerce and ICT procurement; highlights the key players in China's textiles and garment market, the possibilities for cooperation along the value chain, and the existing national support schemes; appendices include contacts details of sector related companies in China. Descriptors: Clothing, Standards, Packaging, Distribution, Procurement, Electronic Commerce, Consumer Behaviour, Market Surveys, China. For further information on this technical paper, contact Mr Matthias Knappe, (knappe@intracen.org) 2011 SITC-84 CHI English The International Trade Centre (ITC) is the joint agency of the World Trade Organization and the United Nations. ITC, Palais des Nations, 1211 Geneva 10, Switzerland...
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...2011. 4. 7. (제11-12호) Ⅰ. '살코기 에센스' 파문과 식품안전 문제 (산업팀 孫曉菲 연구원) Ⅱ. 중국 소매유통시장의 성공조건 (전략팀 邱靜 수석연구원) Ⅲ. 主要 經濟統計 -1- Ⅰ. '살코기 에센스' 파문과 식품안전 문제 - 2011년 중국 중앙TV(CCTV)의 '3∙15(소비자의 날)' 특별 프로그램에서 '살코기 에센스'가 폭로되면서 멜라민 파동에 이어 중국의 식품안전에 대한 심각성과 함께 육제품 산업에 파장이 발생 - 감독관리 부문의 집행력 부족, 기업의 자율성 저하, 소비자 참여와 감독기능 미비 등이 중국 식품안전 문제의 원인으로 분석 - 중국 식품안전 문제의 개선은 각 부문간 공동 노력과 함께, 식품선진기업의 사례를 적극 벤치마킹 할 필요 의 '살코기 에센스' 파문 □ 중국중앙TV(CCTV) 의 '3·15' 특별 프로그램인 '젠메이주(健美猪, 건강하고 보기 좋은 돼지)의 진상'에서 중국 최대 정육기업인 폭로 - 프로그램에 따르면, '살코기 에센스'를 사용해 키운 돼지를 불법 유통 경로를 통해 허난(河南) 공장에서 난징(南京) 도살장까지 운송하고, 산하의 ( )가 불법 돼지고기를 구매 의 비리를 - '살코기 에센스'는 염산클렌부터롤(Clenbuterol Hydrochloride), 락토파민 (Ractopamine) 등 살코기 함량을 늘리 수 있는 사료첨가제로 건강에 치명적인 물질 ㆍ2002년 중국 농업부, 위생부, 국가식품약품감독관리국에서 '살코기 에센스' 사용을 금지했고, 2008년 최고인민경찰청, 공안부에서는 '살코기 에센스' 돼지의 사육, 도살, 판매 등 모든 행위에 대한 형사책임을 규정 사건이 폭로된 후 국무원식품안전위원회판공실(國務院食品安全委 員會辦公室)은 공안∙감찰∙농업∙상무∙위생∙공상∙품질검사 등 여러 부문과 공동팀을 구성하고 허난성의 '살코기 에센스' 문제 조사에 착수 -1- ㆍ2011년 3월 15일~19일, '살코기 에센스' 사건 관련 멍저우(孟州), 친양 (沁陽), 원섄(溫縣), 훠지아(獲嘉) 등 4개 지역을 대상으로 제1차 조사를 진행한 결과, 14,000개 샘플 중 71개에서 양성 반응으로 나타남 □ '살코기 에센스' 파문으로 이 공식 사과를 발표 - 3월 15일 는 정육생산 등 모든 조업을 중지했고, 은 는 자발적으로 조업을 중지하고 3월 16일과 17일 2차례에 걸쳐 공개성명을 통해 소비자에게 사과하는 한편, 사건 관련자를 정직 또는 해고 조치함 - 3월 17일부터 유통제품을 리콜하기 시작한 2,000여 톤의 정육제품과 70여 톤의 냉장고기를 회수 - 현재 베이징, 상하이, 선양(沈陽), 청두(成都) 등의 대형 체인매장에서 제품을 모두 철거한 상태 는 3월 20일까지 사건의 파급효과 □ '살코기 에센스' 파문이 중국 소비자의 식료품에 대한 불신을 확대 - 최근 띠꺼우여우(地溝油, 폐식용유), 쑤단훙(蘇丹紅, 발암물질 색소), 멜라민분유, 훙신야단(紅心鴨蛋, 발암물질 색소 오리알) 등 식품안전 문제들이 잇달아 발생 - 2010년...
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...중국자동차산업 발전 과정 중국 자동차 산업의 발전은 이미 60년이라는 역사를 가지고 있다. 중화인민공화국 수립 이후 중국 정부는 전국의 경제망을 장악하고 경제질서를 정비하여 생산력을 향상시켰다. 1952년 말에 이르러 국가의 재정경제 상황이 상당히 호전되면서 국민경제는 되살아나고 국민생활은 현저하게 개선되었다. 국민경제가 회복된 이후 1953년부터 중국정부는 국민경제 발전의 제1차 5개년 계획을 시행하였으며, 이로부터 중국경제는 계획경제 시기로 접어들게 되었다. 제1차 경제개발 5개년 계획의 목표는 공업건설에 경제력을 집중시키는 것으로, 자동차 산업 역시 이 계획에 속하면서 중국자동차산업이 탄생 되었다. ------------------------------------------------------------------------------------------------------------------------------- 중국 자동차 시장의 발전 과정은 크게 세 개로 나누어 살펴볼 수 있다. 첫 번째는 1978년 개혁개방 전까지이며, 두번째는 WTO 가입 이전, 세 번째는 WTO가입 이후입니다. 먼저, 1978년 개혁개방 정책이 실시되기 전까지의 중국 자동차 산업을 살펴보겠습니다. 자동차에 대한 기술이 전무했던 중국은 1949년, 소련과 ‘중-소 우호동맹 상호원조조약’을 맺으면서 소련으로부터 자동차 기술을 도입하였고 이 계획에 따라 디이자동차(제일자동차제조공장(현 중국제일자동차))가 설립되었다. 이 회사는 중국 최초의 본격적인 일괄생산 자동차 회사로 소련의 방식을 도입하여 트럭을 생산하였으며, 연간 3만대 생산능력을 갖추게 되었다. 1958년부터 시작된 중국의 대약진 운동은 지방정부의 권력을 강화시켰고 자동차의 공급을 확대하기 위해 지방정부들은 소규모의 자동차 공장을 건설하기 시작했다. 이렇게 세워진 업체로는 상하이자동차, 베이징자동차, 난징자동차, 지난자동차 등이 있으며 이들은 외국차를 복제하여 자동차를 제작하였다. 그런데 1950년대 말부터 이념 논쟁으로 중-소 관계가 악화되어 1960년 가을, 중국에 파견된 기술자들이 소련으로 돌아가자 더 이상 기댈 곳이 없는 중국인들은 독자적인 발전을 모색하고자 한다. 이 때 디얼자동차(현재 둥펑자동차)를 설립하여 중국의 자주적인 공장을 건립하고자 독자모델을 개발 생산하려는 목표를 세웠다. 그러나 중국은 공산화로 인해 서방국가들의 규제를 받고 교류가 단절되어 자동차 기술의 발전은 거의 없었다. 따라서 개혁개방의 정책을 실시한 1980년대 초반까지 자동차 산업은 정체되어 명맥만을 유지하게 되었다. 이 시기는 자동차가 일반 소비재라기보다 생산재, 자본재로서의 성격이 더 강했던 시기였다. 즉 중앙정부아 지방정부는 자동차 생산에 필요한 원자재의 ‘구입, 생산, 분배를 일괄적인 계획’에 따라 진행하였고 기업들도 할당 계획에 따른 자동차 생산 책임만 지면 그만이었다. 미진한 생산량으로 인해 자동차 수요자들도 생산 전에 거의 대부분 정해져 있었으며, 결과적으로 수요자와 공급자가 자율적으로 만나서...
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...[pic] МИНИСТЕРСТВО СПЕЦИАЛЬНЫХ ПРОГРАММ И ПО ДЕЛАМ КАЗАЧЕСТВА КАМЧАТСКОГО КРАЯ ПРИКАЗ № ___-п г. Петропавловск-Камчатский «___» _______ 2014 года |Об утверждении порядка проведения экспертизы поставленных | |товаров, выполненных работ, оказанных услуг Министерству | |специальных программ и по делам казачества Камчатского края | В соответствии со статьями 41, 94 Федерального закона от 05.04.2013 г. № 44-ФЗ «О контрактной системе в сфере закупок товаров, работ, услуг для обеспечения государственных и муниципальных нужд» ПРИКАЗЫВАЮ: 1. Утвердить прилагаемый Порядок проведения экспертизы поставленных товаров, выполненных работ, оказанных услуг Министерству специальных программ и по делам казачества Камчатского края согласно приложению. 2. Главному специалисту – эксперту отдела режима и защиты информации Забелину А.В. обеспечить размещение настоящего распоряжения на официальном сайте Министерства специальных программ и по делам казачества Камчатского края в информационно-телекоммуникационной сети Интернет. 3. Контроль за исполнением настоящего приказа возложить на заместителя Министра специальных программ и по делам казачества Камчатского края Е.Л. Липакова. 4. Настоящий приказ вступает в силу через 10 дней после дня его официального опубликования. Заместитель Председателя Правительства Камчатского края - Министр С.И. Хабаров...
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