...kilometres Population: 1,336,718,015(2011 est.)(over 1.3 billion) Currency: Renminbi (yuan) (¥) (CNY) Political factors Government type: Nominally Marxist–Leninist single-party state. The People's Republic of China is a single-party state governed by the Communist Party of China. President:- HU JINTAO Prime Minister:- WEN JIABAU Independence:- 1 October 1949(People's Republic of China ) Economic factors GDP:- $11.316 trillion (2011 est.) GDP growth:- 9.5% (2011 est.) (CIA World fact book) Per capita:- $8,394(2011 est.) Unemployment Rate:- 6.1% Inflation rate:- 3.2% Population below poverty line 10% (2010 est.) Economic Factors Labor force: 815.3 million (2010); agriculture 10.2%, industry 46.9%, services 43% (2010 est.). Exports: $1.581 trillion (2010 est.): machinery and equipment, plastics, optical and medical equipment, iron and steel. Imports: $1.327 trillion (2010 est.): machinery and equipment, oil and mineral fuels, plastics, optical and medical equipment, organic chemicals, iron and steel. Socio-cultural factors Population: 1,336,718,015 (2011 est.)(over 1.3 billion) Age structure (Yrs) 13,26 16,6 70,14 Sex ratio:- 0.95 male(s)/female 51.27 percent male & 48.73 percent female of the total population. Literacy rate:- 92.8%(2010 est.)...
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...electricity consumption surged to a weekly record of 14.35 million kilowatt hours. The city authorities resorted to asking 2,100 businesses to operate at night, and a further 3,000 others to adjust operating hours. Even high-profile multinational companies were not spared. General Motors and Volkswagen were ordered to suspend production for more than a week each. Shanghai Volkswagen spokesman Lu Jun explained, “It's a rule. We have to cut power for 10 days … We’ve cut power and so have had to stop production. It's all over Shanghai”.1 The Shanghai episode mirrored a nationwide shortage of electric power. In Beijing, on July 22, 2004, the Municipal Power Supply Bureau imposed the capital’s first brownout of the year, disrupting supply to suburban areas for 47 minutes in the afternoon. The Chinese government has certainly been working tirelessly to resolve the power crisis. Thermal coal is the principal fuel used to generate electric power in China. In July, Premier Wen Jiabao exhorted, “Railway departments should do their utmost for the transport of coal for electricity generation”.2 The Ministry of Railways increased train speed and freight loads, and allocated 90% of freight capacity to transport key materials. In the first half of 2004, Chinese railways shipped 480 million tons of coal, up 12.2% over the same period last year. The Ministry of Communications has also pitched in. It diverted ships from overseas routes to domestic coal transport and approved emergency...
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...“Buy American” Requirements On March 31, the Federal Acquisition Regulation (“FAR”) Council issued an interim rule implementing the Buy American provision of the American Recovery and Reinvestment Act (ARRA) of 2009, also known as the Stimulus Package. The Buy American provision of the Stimulus Package requires, with certain exceptions, that regardless of size or duration, none of the funds made available under the Act be used on projects for a “public building or public work” unless all of the iron, steel, and “manufactured goods” used in the project were “produced” in the United States. “The interim rule implements three exceptions to the Buy American requirement that permit foreign material to be used: If (1) a particular construction material is not mined, produced, or manufactured in the United States “in sufficient and reasonably available commercial quantities of a satisfactory quality,” (2) the cost of domestic construction material is unreasonable, or (3) applying the Buy American restriction to a particular construction material “would be inconsistent with the public interest.” FAR 25.603(a). These are determinations for the government to make, not the contractor. “ The regulations do not apply to Recovery Act Designated Countries (“RADC”) and nations who are bound by a signed document such as a treaty, free trade agreement or contract with the World Trade Organization Government Procurement Agreement who produce construction material. However, some countries...
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...Multinational companies and China: What future? Multinational companies and China: What future? Contents Preface Executive summary Introduction Chapter 1: The big picture Hope, hype and reality Justified optimism? Chapter 2: The consumption story Chapter 3: The perils of success Is it enough One strategy, or two? Is it too much? Lacoste: Who’s your benchmark? Chapter 4: Whose hubris? Suddenly uncertain Chapter 5: The invisible hand Aiming high The real issue A non-standard approach At what price? High-speed trains: A series of unfortunate events Getting on with it Chapter 6: Honour thy master The renminbi By other means Nissan: According to plan Investing in R&D Chapter 7: Gearing up to play the game Overcoming the fear factor Appendix: Survey results 2 3 6 9 10 12 13 16 16 19 20 22 23 25 28 29 30 32 32 33 34 36 38 41 42 43 44 46 48 1 Multinational companies and China: What future? Preface Multinational companies and China: What future? is an Economist Intelligence Unit report, sponsored by CICC. The EIU conducted the survey and interviews independently and wrote the report. Gaddi Tam was responsible for layout. The cover design is by Harry Harrison. The findings and views expressed here are those of the EIU alone and do not necessarily reflect the views of the sponsor. Many interviewees for this report have asked to remain anonymous and we have respected their wishes. We would like to thank all interviewees for their time and insights...
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...The Impact of Trade Protectionism on China’s Export Enterprise 1. Introduction The past several decades are commonly viewed as a period of widespread liberalization within the international trade. Besides, since reform and opening up in China from 1978 to now, over 30 years, China's economy has remained about 10% of high-speed development which called the creation of the "China miracle" (JU, 2008). During this era, China also became a big orient export country, which occupies a large place in the international market. Thus, American people considered that China export pose an economic threat to the United States even to the world. Other countries tried to use trade protectionism to limit the export from China and boost their own economy recovery. Trade protectionism means that government set up some specific barriers to trade in order to protect its own economy. However, it has a negative impact on China’s export enterprise, especially for small and medium-sized companies, so the countermeasures should be taken to resolve this issue. The purpose of this article is to explore several problems that trade protection bring to China’s export enterprises at first and then focus on some effective solutions to help these companies. 2. Situation Because of the trade protectionism, China’s private exporters from different kinds of industry are suffering obvious reduction of profit, and they are mainly reflected in labor-intensive, low-cost exporters, tight liquidity and a low...
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...Online Assignment Submission Birmingham Business School Student ID Number: 1517083 Programme Of Study: MSc International Business Module: Global Shift Assignment Title: The Global Shift Essay, Critically evaluate the role innovation plays in the emergence and development of international business. Date and Time of Submission: 11-11-2015, 12:00pm Please ensure that you complete and attach this Submission Form to the front of all work that is submitted online. Before submission, please ensure that your name does not appear anywhere on your work, only your Student ID number. By submitting your work online you are confirming that your work is your own and that you understand and have read the University’s rules regarding plagiarism and the consequences that will arise should you submit plagiarised work. Critically evaluate the role innovation plays in the emergence and development of international business. Introduction Innovation has been playing a significant role in the history of business and trading since the ancient time. Generally speaking, the innovations that have effected international business can be classified into technological innovation, theoretical innovation and institutional innovation (Daniel, 1983). Among the three kinds of innovations, technological innovation is probably the most obvious one as the technology along with its influence is directly visible. In general, technological...
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...MARKETING PLAN – WOOD’S INTERNATIONAL TITLE PAGE TO BE COMPLETED INTRODUCTION TO BE COMPLETED ENVIRONMENTAL & INTERNAL ANALYSIS Economic statistics and activity - ERIC * Q1: Is the market economically viable and sustainable? Political System – CHEN – REFERENCES! * Q 2: Is the political environment supportive of the venture? a) Political structure: the government of Malaysia comprises the federal, state and local government. Malaysia is a federation of 13 states operating within a constitutional monarchy using the Westminster parliamentary system and is categorized as representative democracy. The federal government adopts the principle of separation of powers and has three branches: executive, legislature and judiciary. The state governments in Malaysia also have their respective executive and legislative bodies. The judicial system in Malaysia is a federalized court system operating uniformly throughout the country. The federal government of Malaysia adheres to and is created by the Federal Constitution of Malaysia, the supreme law of the land. b) Political parties: Malaysia has a number of parties in operation, while there is only one party holds the true power of the nation. c) Local government: local government of Malaysia is the lowest level in the government system. The local authority has the power to collect taxes, create rules and to grant licenses and permits for any trade in certain areas. d) Stability of government: Since has...
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...The first steam railroad locomotive was built by a British inventor, Richard Trevithick, in 1804. A mere sixty five years later, across the Atlantic Ocean, the First Transcontinental Railroad completed assembly. Never before had a train line traveled west past the Mississippi river. This rail route connected the American West with the rest of the continent. The West was embryonic before the transcontinental railroad. The American West was thinly populated territory that was not industrially advanced. The completion of the railroad allowed for a mammoth corpus of populace and goods to be shipped to and from the West at pioneering speed. Conveyance on the train tracks launched the West’s financial system. Physically and in print the West was...
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...http://www.china-map-guide.com/province/guangdong/ while summers are long, hot, and very wet. Average daily temperature in January come at 14° while in July around 29° (Humidity makes it feel much hotter). Since January 2015 Guangdong became and remains the most populous province in China (preceded by Henan and Sichuan province) registering a total of 106,440,000 registered inhabitants without considering the floating population. Due to the region fast-growing economy and high labor Source: http://www.travelchinaguide.com/climate/guangzhou.htm demands, mainly within the manufacturing, there is an average influx of circa 30,000,000 additional migrants. In terms of ethnic representation all 56 ethnic groups of china can be found in Guangdong. The Han ethnic composition counts for more than 105,000,000 people, making up 99% of Guangdong’s population (91% in whole china), followed by the Zhuang (0,7%) and Yao (0,2%) minority. The largest subgroup of Han Chinese in Guangdong are the Cantonese people. Guangzhou has an even higher unbalanced gender ratio (130 boys for 100 girls) than the rest of the country (112-120 boys per 100 girls). Guangdong got a long history of religion...
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...When Japan is mentioned, the first picture painted in ones mind is the look of the ancient temples, a mountainous terrain covered in mist, bullet trains among other famous features. These are among the unique aspects that are synonymous with the Asian nation that today is one of the leading economies in the world. Like other countries however, Japan has its history and the general information that one has to take a detailed look at in order to understand the nation well. Japan is an island nation that lies in the eastern side of Asia continent in the Pacific Ocean. It neighbors countries like China, North Korea, South Korea, and Russia which are to the east of Japan, while on the south it borders Taiwan. Japan stretches from Sea of Okhotsk in the north towards south up to the East China Sea forming a chain cluster of islands those total up to 6,852 islands that together are known as the Japanese Archipelago. Honshu, Hokkaido, Kyushu and Shikoku are the four largest islands in the mountainous nation of Japan accounting for around twenty seven percent of the whole land area. In total, Japan sits on 377,915 square kilometers with land forming 364,485 sq km and water occupying the rest 13,430 sq km. Comparing the area occupied by the whole of Japan to an equivalent in the U.S, it is said to be slightly smaller in size than the state of California. This island nation has a relatively long coast line that stretches for 29,751 km. Legendary stories trace the creation of the nation...
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...intellectual property rights China Weaknesses: • Population • Weakness of economy • Academic and Scientific Misconduct in China • Regulation of gas prices • Corruption in developing country • Country is creating political risk • Air pollution China Strengths: • Stable infrastructure • Chinese influence in Africa • Natural resources • Polluted water supply INTRODUCTION Although there are many points outlined within the TOWS. There are only several, which are most apparent, and significant that will be discussed. A few competitive advantages a Multinational Corporation will benefit from would be some of China’s strengths, which are; infrastructure and telecommunication, and it’s influence on Africa. Some issues a Multinational Corporation may run into would be among the labor force. There are many solutions that China is already headed toward in response to the main issue of human labor. Most of which will benefit a potential Multinational Corporation and China’s economy. COMPETITIVE ADVANTAGE The major advantage China has over its competitors is a high standard and stability of infrastructure; which includes the improvement of their telecommunication services, and their relationship with Africa. Having a stable quality infrastructure enables a constant increase in productivity, and facilitates efficiency in the transportation of raw materials into the...
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...SOM 354 Ting Gu, Liyan Jin, Shuyi Chen, Jiawei Cheng, Yuchen Wu Table of Contents Executive Summary Introduction/Overview of Zen Hotel Inc. (Liyan Jin) The Culture of Our Target Market (Liyan Jin) Motives of entering the Chinese markets (Shuyi Chen) The method of the Entry The Timing of the Entry The Scope of the Entry The Marketing Mix (Ting Gu) Human Resource strategy (Ting Gu) Executive Summary Introduction/Overview of Zen Hotel Inc. Our company Zen hotel Inc. offers exclusive boutique hotel experience to consumers who expect a luxurious service at an affordable price point. Our hotel is currently located at the East Village, in New York City. Like other boutique hotels, our company is an intimate size hotel that contains approximately 100 rooms. We offer hotel rooms with trendy décor installation, personalized service, mini bars, friendly ambience and many more. The trend of boutique hotels are getting more upscale, and high tech to meet the demands of modern travelers who are food-oriented and style-conscious. According to Brown, who is the founder of Boutique Hotel News, these are the top 10 features of what’s going to be hot in 2013 for Boutique hotels. (Brown, 2013) Among our services, predictive personalization is one of the most important one. Hoteliers are increasingly able to predict customer...
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...Confederation of Indian Industry CII 13th Manufacturing Summit 2014 Make In India: Turning Vision Into Reality The Boston Consulting Group (BCG) is a global management consulting firm and the world’s leading advisor on business strategy. We partner with clients from the private, public, and not-forprofit sectors in all regions to identify their highest-value opportunities, address their most critical challenges, and transform their enterprises. Our customized approach combines deep in ight into s the dynamics of companies and markets with close collaboration at all levels of the client organization. This ensures that our clients achieve sustainable compettive advantage, build more i capable organizations, and secure lasting results. Founded in 1963, BCG is a private company with 81 offices in 45 countries. For more information, please visit bcg.com. The Confederation of Indian Industry (CII) works to create and sustain an environment conducive to the development of India, partnering industry, Government, and civil society, through advisory and consultative processes. CII is a non-government, not-for-profit, industry-led and industry-managed organization, playing a proactive role in India‘s development process. Founded in 1895, India‘s premier business association has over 7200 members, from the private as well as public sectors, including SMEs and MNCs, and an indirect membership of over 100,000 enterprises from around 242 national and regional...
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... Travel & Tourism Capstone Project Prof. Fairbairn Section 1 Chengdu, is the provincial capital of Sichuan province in Southwest China, as well as a major city in Western China. It has 14,047,625 inhabitants: 7,123,697 within the municipality's nine urban districts and 6,730,749 in the surrounding suburbs and rural area. According to the 2010 census, Chengdu is the fourth most populous city in mainland China, and most populous among prefecture-level cities as well. Chengdu is one of the most important economic, transportation, and communication centers in Western China. According to the 2007 Public Appraisal for Best Chinese Cities for Investment, Chengdu was chosen as one of the top ten cities to invest in out of a total of 280 urban centers in China. Tourism of Chengdu mainly promotes four travel brands-the hometown of the giant panda, the capital of delicious food, the capital of leisure culture and the exhibition city. First, the Qingcheng Mountain and Dujiangyan, The Wuhou Temple, DuFu Thatched Cottage, Jinsha Ruins and the habitat of giant panda, represent the world heritage brand. Second, the Sichuan cuisine, six famous brands of alcohol, Sichuan tea culture represent the capital of delicious food. Third, the Huan Alley and Zhai Alley, Jinli roads and historical remains of city in Qing dynasty represent the capital of leisure culture. Fourth, the...
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...manufacture a textile product in San Francisco in 2002? With competition not only from lower-cost centers in the United States but also from China and other places in the Far East, a converted warehouse building in San Francisco was an unlikely location for this manufacturing business. Yet Brennan was not sure Timbuk2 could continue indefinitely to produce everything in San Francisco. While the pride and satisfaction of producing in San Francisco was ingrained in Timbuk2’s culture, and moving production elsewhere would be a huge change for a small company with local roots, Timbuk2 needed to remain profitable. Hence, Brennan knew there was no easy answer to the question on the table: Should Timbuk2 outsource some (or all) of its production to a Chinese firm? Figure 1: Timbuk2’s neighborhood in San Francisco This case was written by Professors Gérard Cachon (The Wharton School, University of Pennsylvania), Kyle Cattani (Kelley School of Business, Indiana University), and Serguei Netessine (The Wharton School, University of Pennsylvania) as the basis for class discussion rather than to illustrate effective or ineffective handling of an administrative situation. Some numbers in this case were adjusted to simplify the case analysis and to protect confidential business information. The authors are grateful to Brennan Mulligan for his assistance in writing this case. Copyright © 2007 by Cachon, Cattani, and Netessine. 1 History and processes Timbuk2 was founded in 1989 by Rob Honeycutt...
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