...Shanghai By andyatue | October 2011 Case study: DMG-Shanghai. 1.Why do you think that it is so important to cultivate guanxi and guanxiwang in China? I think that it is so important to cultivate guanxi and guanxiwang in China because both of guanxi and guanxiwang are essential to business in China. It is an important mechanism to do a long-term business and getting successful business in China. Guanxi refers to the business connections that are so important to companies doing business in China. Then, guanxiwang refers to the relationship network that companies cultivate. Therefore, by establishing in relationships would help do a better job and mechanism in doing business in China. 2.What does the experience of DMG tell us about the way things work in China? What would likely happen to a business that obeyed all the rules and regulations, rather than trying to find a way around them as Dan Mintz apparently does? The experience of DMG shows us that culture is an important thing in China. Dan Mintz believes that guanxi and guanxiwang are important because they help companies get around restrictions that limit the ability of companies to function. Companies that fail to adapt will probably find it more difficult to be successful and companies that do follow all the rules are likely to be at a competitive disadvantage. As an entrepreneur who is starting up a business or penetrating into a new market, making full use of given resources is essential to overcome difficulties and...
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...Research Proposal on “To study the impact of oil price shocks on the macroeconomic performance of China” Table of Contents Dissertation Title 3 Introduction 3 Rationale of Study: Error! Bookmark not defined. Outline of the Research Project: Error! Bookmark not defined. Research Questions Error! Bookmark not defined. Research Aim and Objectives Error! Bookmark not defined. Significance of the study………………………………………………………………………………………………………………………..11 Research Methodology………………………………………………………………………………………………………………………….15 Research philoshophy…………………………………………………………………………16 Research Design…………………………………………………………………………………………………………………………………18 Data Collection…………………………………………………………………………………………………………………………………..22 Data Analysis…………………………………………………………………………………………………………………………………….28 literature review……………………………………………………………………………………………………………………………………36 References ……………………………………………………………………………………………………………………………………………42 Dissertation Title “To study the impact of oil price shocks on the macroeconomic performance of China” 1. Introduction Higher oil prices might affect the global economy through a variety of channels, including transfer of wealth from oil consumers to oil producers, a rise in the cost of production of goods and services, and impact on inflation, consumer confidence, and financial markets. In a pioneer work, Hamilton (1983) indicated that higher oil prices were responsible for almost all U.S recessions after World War II. Later other researchers extended Hamilton’s...
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...Project—— The real meaning of GDP I. Background Since 1985, when the State Council of China approved to establish a System of National Accounting (SNA), using the gross domestic product (GDP) to measure the national economy, more and more people are getting familiar to this word. We must have heard about it for countless times. At the end of 2010, China has overtaken Japan as the world's second biggest economy in terms of GDP, which has drawn attention all around the world and has made Chinese people proud of the rapid development over the past decade. However, there are still a large quantity of people in China or even in the world that know nothing about GDP. Moreover, still many people do not fully understand the real meaning of GDP even they have heard about this economic term before. GDP per capita is often considered an indicator of a country's standard of living whereas there are limitations and criticisms against the belief that GDP measures a country’s living standard. Many economists (for example, who? Add sources) argue that GDP is an empty abstraction devoid of any link to the real world, and, therefore, has little or no value in economic analysis. Many environmentalists (for example, who? Add sources) argue that GDP is a poor measure of social progress because it does not take harm to the environment into account. Thus, it is important to find out the real meaning of GDP and its value to economic analysis. II. Statement of the problem First , this report intends...
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...Constitutional SystemChina or People¶s Republic of China adopts socialist system or communism in their political system in their decision-making processes in governing the country.The country¶s sole political party in power is known as the Communist Party of China.The government have the sole power to control all activities done by their citizen as whathave been describe in how communism system worked in governing a country. Inother words, the purposes of working in China are to contribute to the nation and alsoto the government as the government control on all activities in the country.ii.Stability of Government. The stability of the China government is quite moderate and stable because theadministration of the government are not publicize to the public either through thepress or on the internet. So, the degree of the citizen involvement in the politics is lowbecause of the heavy restrictions impose by the government. However, the policiesimpose and the law regulations are quite effective in terms of economy where China isone of the leading countries in the world. In the recent years (2001), China has joinedthe World Trade Organization and results rapid growth in industrial and manufacturingsectors because of the cheap labor in China. But still problems such as managingenvironmental degradation, demographic pressure and the extreme immigration fromrural to urban area must be faced by the government.iii.Business FreedomThe business freedom in China is quite tight because of the regulation...
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...Society like Qing China had an influential ideology in making laws which is Confucianism. Specifically in this paper, I will focus on Chastity law in Qing China. Most of scholars, who had previous studies about the law, had written from the viewpoint of state that is based on patriarchal system. It makes sense somehow because states were the lawmakers and law was exercised as an instrument to control and maintain the state power at that time. So, in this paper, I would like to see the chastity law from the view point of women because I study that there is gender inequality and the consequence problems of chastity law in Qing society. I also think that the Qing law served the interest of the women of the rich household but not the poor women. For example, it is hard for a common widow to survive while keeping chastity since they are economically weak. In one study, it mentions that the widow populations were dramatically increasing dynasty by dynasty in China since 17th century. Thus, at one glance, chastity law seemed to be successful in its application to society. However, I do not think that the rise of widow population means the chastity law is perfect. Thus, my hypothesis is that whether the widows really satisfied with chastity law that was strictly imposed on them. In other words, I would examine whether all widows follow the chastity law or not. Also, I would also examine that weather the chastity law is the protection of widows or not. In case of poor widows, they might...
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...INTRODUCTION Control strategies, prevention and reduction of counterfeiting, as applied today in different countries, pose, in the particular case of China, a real problem at two levels. On the one hand, knowledge of the motivations and logics that lead to the consumption and purchase of counterfeit products remain inadequate, given the different needs of consumers, on the other hand, they pose a problem coping methods counterfeiting reduction, to the extent effective strategies were designed for a transnational action against the proliferation of counterfeiting. In this paper we analyze, using the individual interviews method, firstly, the logical and motivational factors that lead to the consumption of counterfeit luxury goods,...
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...Urban Housing Markets in China Yongzhou Hou Stockholm 2009 Report 88 Building and Real Estate Economics Department of Real Estate and Construction Management Royal Institute of Technology Kungliga Tekniska Högskolan © Yongzhou Hou 2009 Royal Institute of Technology (KTH) Building & Real Estate Economics Department of Real Estate and Construction Management SE – 100 44 Stockholm Printed by Tryck & Media, Universitetsservice US-AB, Stockholm ISSN 1104-4101 ISRN KTH/BFE/M-09/88-SE ISBN 978-91-977302-5-9 Abstract This thesis focuses on problems of prices and risks in the housing markets of urban China. What drives the dynamics of housing prices across regions is not only of great interest for academic researchers but also of first importance for policy makers. It is also interesting to pay attention to the issue of housing bubbles at a city level and risk allocations from an institutional view. To address the issues, the thesis applies both qualitative and econometric approaches in analyzing the urban housing markets of China. The first paper reviews articles mainly published in Chinese core journals. The existing studies are mainly concerned with such six topics as institutions, policy, land, finance, price and market. The first three topics involve the public housing allocation system reform, such fiscal and monetary tools as tax and interest rate, and the land reserve system. The housing finance treats such subjects of mortgages, bubbles and financial systems...
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...for a bus, sitting in the subway, or even before a meal comes to the table? How many of them are holding a smartphone with eyes focused on the screen and fingertips busy dancing back and forth on the touch panel, and never get bored? With the development of 3G and wireless technology, cell phones are no longer restricted to simple communications such as calling or texting. After the appearance of smartphones, things like surfing the Internet, socializing, taking photos or even FaceTime can be done instantly in your hand. Smartphones are becoming parts of many people's lives. These days, a new phenomenon named "smartphone addiction" has emerged. In fact, recently in China, the spread of smartphones has attracted more and more young people into the world of virtual Internet at the expense of their interaction with real world relationships; it has also aroused heated discussions on whether or not we should take some actions on limiting this tendency. As a matter of fact, even though smartphones have created a more convenient life and have also changed our way of communication in a digital era, the improper use of smartphones is problematic in our daily lives, and the public should be aware of this. It is necessary for the Chinese to pay serious attention to the excessive dependence on smartphones, and try to lessen the negative influence of smartphones in our daily interpersonal relationships. Before talking about the impacts, we have to take a look at the...
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...reflecting contemporary economic, socio-cultural and political contexts. S. Graci is an Assistant Professor at Ted Rogers School of Hospitality and Tourism Management at Ryerson University, Toronto, Canada while R. Dodds is an Associate Professor at the same institution. The authors’ use several of their very own island project works that provide innovative discussion and practical management structures to explore the development role of tourism in relation to the impacts of the environment and their potential overexploitation threats. The authors’ provide eight well-chosen illustrative case studies to focus on innovative discussions regarding issues of sustainability on island tourism destinations, they include sub-jurisdiction islands such as Moose Factory, Canada; Cayos Cochinos, Honduras; St. Kitts; Calvia, Mallorca, Spain; Chumbe, Tanzania; Koh Phi Phi, Thailand; Gili Trawangan, Indonesia; and Sanya, China. The hard-covered book looks very bright appealing, although the photographs inside are black and white, which unfortunately does not catch the reader’s attention, the graphs and diagrams are very illustrative and descriptive which helps the reader understand the context. The book is divided into four parts; Sustainability in island destinations; Challenges to achieving sustainability in island destinations; Successes of achieving sustainability...
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... Word count: 5000 I. INTRODUCTION China’s economic achievement over the past three decades has been one of the most outstanding of our time. Since its “reform and opening-up policy” in 1978, foreign direct investment (FDI) has contributed a great deal to China’s economic growth by injecting capital into the economy, creating jobs, transferring technology and knowledge, enhancing trade, bringing in competition for local enterprises, improving the quality of local labor and intermediate goods suppliers, and connecting China’s gradually opening economy to the global market (Berthélemy and Démurger, 145). By the opening up of the country to FDI, China’s economic growth has averaged approximately 9% annually over the last 25 years (China Statistical Yearbook). With the introduction of FDI came a wave of corruption and bad governance, which may have hindered FDI’s effect on China’s economic growth. The reform in the market encouraged private institutions to compete for market share and resources. In order to rise to the top, these private intuitions required the help people in power who are not under heavy scrutiny. Local government officials were the perfect targets. With foreign capital in their hands, private intuitions sought out local government officials for help in exchange for bribery. These “favors” included special permits for investment licenses, tax assessments, and police protection. As a result, the bribes became an additional cost of doing business can be...
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...21st Bled eConference eCollaboration: Overcoming Boundaries through Multi-Channel Interaction June 15 - 18, 2008; Bled, Slovenia Value Creation in B2B E-Markets of China: A Practical Perspective Jing Zhao a, , Shan Wang b and Wilfred V Huang c a Center for International Cooperation in E-Business, College of Management China University of Geosciences, Wuhan 430074, P.R.China zhao5563@gmail.com b Department of Management Science, School of Business, Renmin University, 59 Zhong Guan Cun Avenue, Haidian District, Beijing 100872, P.R. China wangs7@gmail.com c College of Business, Alfred University, Alfred, NY 14802, U.S.A. fhuang@alfred.edu Abstract In China, the development of e-market has unique characteristics in the transactional processes and market mechanisms, which relate largely to the current industry structure, financial infrastructure and organization structure. This paper seeks to develop a conceptual model of B2B e-market value creation strategy, and can also be used to highlight the complexity of such activities for Chinese B2B e-markets. A process-oriented approach to modelling the value of e-market, rather than strategic position theory or a simple descriptive approach, is found to be more suitable and has been selected. The model consists of two dimensions: the e-commerce process and the controlling complexity. We apply the model in an actual Chinese B2B e-market (Alibaba.com). The crucial value creation activities and strategies in the four...
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...prosperous the average worker feels. Yet workers' share of the cake in rich countries is now the smallest it has been for at least three decades (see chart 5). In many countries average real wages are flat or even falling. Meanwhile, capitalists have rarely had it so good. In America, Japan and the euro area, profits as a share of GDP are at or near all-time highs (see chart 6). Corporate America has increased its share of national income from 7% in mid-2001 to 13% this year. Like so many other current economic puzzles, the redistribution of income from labour to capital can be largely explained by the entry of China, India and other emerging economies into world markets. Globalisation has lifted profits relative to wages in several ways. First, offshoring to low-wage countries has reduced firms' costs. Second, employers' ability to shift production, whether or not they take advantage of it, has curbed the bargaining power of workers in rich countries. In Germany, for example, several big firms have negotiated pay cuts with their workers to avoid moving production to central Europe. And third, increased immigration has depressed wages in sectors such as catering, farming and construction. Most of the fears about emerging economies focus on jobs being lost to low-cost foreign competitors. But the real threat is to wages, not jobs. In the long run, trade and offshoring should have little effect on total employment in rich countries; rather, they will change its composition. So long...
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...How ‘fair’ are wage practices along the supply chain? Global assessment in 2010-111 Daniel Vaughan-Whitehead 2 SUMMARY Worrying global wage trends around the world as well as poor wage practices along the supply chain – both exacerbated by the economic crisis – have led to increasing concerns over wage issues. This paper is aimed at identifying how ‘fair’ would be wage practices along the supply chain. For this we first propose to define ‘Fair wages’ through a new approach, the ‘Fair wage approach’, aimed at providing CSR actors with a coherent set of fair wage dimensions and indicators. This new approach is then applied in a large-scale exercise carried out on wages in more than 100 suppliers in Asia and complemented by three case studies in China. This exercise carried out in 2010-11 provides first hand and most recent information on wage practices among suppliers. The results identify a number of wage problems along the supply chain, and also confirm the need to address wage issues using a broad spectrum of different ‘fair wage’ dimensions, including living wages, minimum wages, prevailing wages, social dialogue, the payment of working hours and the evolution of wages in accordance with prices, enterprise performance and changes in technology and human capital. Paper prepared for the Better Work conference, 26-28 October 2011, Washington DC. Data have been collected through the 2010 auditing process of the Fair Labor Association (FLA). I would like to thank Kenan Ercel, Patrick...
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...adaptation of Mainlander Taiwanese in China. They moved from China to Taiwan in 1949 and back “home” with their descendents in 1990s. By examine the life of seventeen respondents in Dongguan/Shanghai in 2004-2005, we argue that they were in sense of double marginality despite the diversity of the sample. Whilst foreigners regarded China as a new territory to explore more economic benefits, these returnees were more likely to regarded China as a place with sense of belonging, not sense of colonising. However, they found that the real China was different from what they expected before return. They felt being excluded from Taiwan, but they also felt unwilling to participate in China due to this home disillusion. Further discussion on the adaptation of other type Taiwanese in China will be displayed in separated papers. Keyword: return migration, Taiwan, China! 1. Introduction Whilst most migration research focuses on why people move from poorer countries to richer countries and how they overcome the widely cultural gap in migration, there is little research stressing on migration either on the opposite direction or between countries with cultural proximity. The phenomenon of Taiwanese people in China1 provides us a good chance to fill in this gap. It is Ping Lin is Assistant Professor of Political Science at National Chung Cheng University in Taiwan. Email address: polpl@ccu.edu.tw 1 The official title of Taiwan today is the Republic of China), which was established in 1911 in Nanjing...
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...Sultanate of Oman Ministry of higher education College of applied science of Al-rustaq International business administration Case study analysis Done by: kamil faiz juma al-naeby Presented to: Mr. Solanki Brief information about the case: The case is talking about the main conditions that enhance and evolve the efficient stock market with fair trading. Next, this case exactly talking about china stock market and how they can evolving the investment in the stock market. In the first, it describe the thinking of Chinese people on their benefit only. Also , this case discuss about the balance sheet which played by the firms and the investors without genuinely. After that , when are these firms are looked for , there were many liars on their balance sheets. The quality of listed companies themselves in this case is the real issue. The answers of questions: 1- Describe the conditions necessary to develop a stock market in an emerging economy? There are many different conditions to evolve stock market. For example, the development of stock market, the emerging of stock market , the stable market , the risk of stock market, the laws and registration of stock market, the investor confidence of the stock market, political commitment, privatization of stock market, stock market financial integration and worldwide companies. Regulations and law that is dependable- The existing of regulation and laws which are dependable and not only which are related to government...
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