...Values and Cultural Assumption in China The people in China are rich in culture just like other Asian countries. Therefore, to be involve with Chinese people in China for business, undertsanding their values and culture are very important. The first important thing to understand about Chinese is their devotion to collectivism. Chinese is trained from very early to consider himself as a dependent segment of a group, which is also called totalitarianism. It is helpful to think of the notion of family in China as a template applied to many networks of relationships that hold the society together. In the Chinese business context, the notion of family is about more than the emotional support and ties of a nuclear family. Family members, for example, rely on each other for very instrumental needs such as loans or help in finding jobs. As such, family relationships intermingle trust from the head and trust from the heart. Given that the concept of family is a template for a broader range of Chinese social relationships, it reveals how Chinese business culture can comfortably combine these two types of trust. In fact, the Chinese word for trust, xin-ren, refers to both trust from the heart (xin) and an assessment of the other’s reliability and capability (ren). But the underlying concept also helps zero in on the essence of building successful business relationships in China: knowing how and when to build both types of trust. Because the Chinese emphasize on “the common good” for a...
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...China Fair Market Value Undervalued currency means that basically the government wants to keep the currency below its fair market value. So what does it mean though? Analyst argue that in a free market the Chinese market the Chinese Yuan would definitely appreciate because of the intense demand for Chinese goods and the large Chinese Current Account Surplus. China has to be on to something because they have managed to accumulate 2.4 trillion of foreign currency reserves. China is ultimately trying to boost its growth especially in its key exporting industries. China does not need a high rate of growth in order to absorb the labour from the agriculture sector. China also does not do social welfare like we do here in the United States. They are actually afraid that if they don’t keep their money undervalued and keep the foreign currency at a higher value they could face a mass of unemployed people and high social unrest. McEachern, W. A. (2012). ECON Macro 3 (3rd ed.). Mason, OH: South-Western. Big Mac Index This theory may not be correct because the country that we are comparing it to or with may not have their monetary system up to par or current with every other country. Think about it like this. The dollar only goes so far in the United States, where as if you are in another country like Bulgaria per say or Phillipines after you have exchanged it for the local currency, it can and will go so much further than it will in America. Trade barriers, central bank interventions...
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...TRAINING MAGAZINE ON BANKING SCIENCE AND TRAINING INTERNATIONAL EXPERIENCE AND PRACTICE | REASON AND IMPACT OF INCREASE IN CHINESE YUAN VALUE OF CHINA NGUYEN XUAN HONGBanking Academy | | After much pressure on Chinese Yuan (CNY), China made decision on increase in their currency in 6/2010. How will this increase impact on relevant objects? This article aims to find reason and impacte of increase CNY value of Chine on Chinese economy and other countries, including Vietnam | be carefull on exchange rate policy to avoid impact on export. According to economic researcher , adjustment on CNY value may cause instability in Chinese economy due to encouraging investment, increasing independence of economy on external factor, especially when 50% of export comes from foreign-invested enterprises in current. This is contradiction that shall be considered when selecting exchange rate. | 1. CNY exchage rate development before and after increaseValue from 2005 to the date before 21/06/2010: CNY value increased due to application of margin transaction measure, holding CNY to USD rate at CNY=6.83 from 8/2007 | Besides achievement of economic growth, which partly thanks to current exchange rate policy, China also has to deal with many challenges. Since 1998, China has spent 200 billion USD to refinance and buy doubtful debts of banks. China is dealing with instable finance but Chinese Government still | | Source: Reuters Source: Reuters Source: Reuters Source: Reuters Figure...
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...Graduation Design(Thesis) of Chongqing University The Fair Value and Its Predictability on earnings in Banking Industry in China Undergraduate: Cai Linling Supervisor: Prof. Lu Jing Major: Finance School of Economic and Business Administration Chongqing University June 2014 摘 要 早在1970年会计原则委员会(APB)报告书中就出现了公允价值这一概念,96年FASB(美国财务会计准则)对公允价值概念重新界定,美国也一直在推进公允价值计量的运用,并且研究得出,公允价值计量可以预测商业银行的盈余信息,这是对公允价值的肯定。而在2006年,中国才对公允价值重新运用,这与国际的会计准则逐渐接轨,但是我们还是得承认公允价值在中国的运用较晚,所以要确定公允价值计量是否满足财务报告的目标,即是否可以预测商业银行的盈余信息,我们将利用美国Brian(2012年)的方法,即用资产负债表法和损益表法预测未来现金流和未来收益的能力,结果显示我国的公允价值计量尚不具备此能力,其原因应当归为我国审慎运用公允价值计量方式、市场开放程度不高和样本量较少,我们对此做出展望,随着市场的进一步开放,并且我国的上市银行逐渐增多,我们将有一定可能性通过分析和实证得出公允价值计量能预测商业银行的盈余信息,这将是中国会计和上市公司的好消息。 关键词:上市银行,公允价值,商业银行,盈余信息 ABSTRACT As early as 1970, the financial report of Accounting Principle Board(APB) has started to mention a theory of fair value.In 1996, Financial Accounting Standards Board(FASB) refined the theory of fair value.At the same time,the United States has been promoting the use of fair value accounting and the study concluded that fair value accounting can predict of future earnings of banking industry which is recognition of fair value. However, China reused the fair value since 2006 which began to meet the international accounting standards.But we have to admit that the use of fair value is late in China. Hence, the study that the fair value is still predictive to future earnings in China is necessary. And in the following study, I would like to...
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...2014 Market Research Report on Global and China Smartphone Industry 中国市场报告网 www.360baogao.com 报告简介 |【名 称】 |2014 Market Research Report on Global and China Smartphone Industry | |【编 号】 |13500A1 | |【版 本】 |2014年2月 | |【价 格】 |纸质版:14000元 电子版:14000元 纸质+电子版:15000元 | |【优惠价】 |¥ 12600 元 | |【电 话】 |400 612 8668、010-66181099、010-66182099 传真:010-66183099 | |【邮 箱】 |Kf@360baogao.com | |【网 址】 |http://www.360BaoGao.com/2014-02/2014_Market_Research_Report_on_Global_and_China_Smartphone_Industry/ | |【提 示】 |如需中文、日文等其他语言版本报告,请向客服咨询。 | "2014 Market Research Report on Global and China Smartphone Industry" was professional and depth research report on Global and China Smartphone industry. The report firstly introduced Smartphone basic information included Smartphone definition classification...
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...China Yuan Affect on the United States and a Dollar The United States dollar is listed as one of the top ten most sought-after currencies in the world. Over the last century, the U.S. dollar has begun to depreciate in the trading industry, which has enabled China's yuan to gain a higher percentage in exchange rate. In June 2010, China adapted an enhanced more flexible exchange rate policy. After the policy was introduced the yuan value rose 0.8 over the United States dollar. The exchange policy positioned the nation to allow the exchange rate to appreciate over the next 10 to 15 years. The yuan RMB = 8.73 of a dollar. In 2010 the China trade surplus was predicted to reach $200 billion. If China's exchange rate continues to gain value, what does this mean for the United States and other countries that trade with China? How will the increased value affect the United States balance of payment to China? If China continues to leave the value of yuan low, the dollar will continue to depreciate. China holds the world largest foreign exchange reserves, and is considered one of the top trade surplus nations. As the country continues to export products to other nation's increases, the yuan exchanged rate will rise. The yuan is so undervalued in the United States market causing American job's loss, raising economy, and a record bilateral trading gap. China has made steps towards increasing the value of the yuan. However; the nation is moving towards developing infrastructure with the...
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...2014 Market Research Report on Global and China Tire Industry 中国市场报告网 www.360baogao.com 报告简介 |【名 称】 |2014 Market Research Report on Global and China Tire Industry | |【编 号】 |13A9370 | |【版 本】 |2014年2月 | |【价 格】 |纸质版:14000元 电子版:14000元 纸质+电子版:15000元 | |【优惠价】 |¥ 12600 元 | |【电 话】 |400 612 8668、010-66181099、010-66182099 传真:010-66183099 | |【邮 箱】 |Kf@360baogao.com | |【网 址】 |http://www.360BaoGao.com/2014-02/2014_Market_Research_Report_on_Global_and_China_Tire_Industry/ | |【提 示】 |如需中文、日文等其他语言版本报告,请向客服咨询。 | was professional and depth research report on Global and China Tire industry. The report firstly introduced Specialty Tire basic information included Tire definition classification application industry chain structure industry overview; ...
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...In today’s economy China has become a big player. If you look at many of the products in your house, most of them probably say made in China. With China being a partner to a lot of US businesses we have to be sensitive to the culture and traditions in China. To put this simple China has a different way of doing business than we do and in order to become successful when expanding into China we need to understand and accommodate those differences. While there are many cross-cultural differences between the US and China I will look at three of them. Three of those cross-cultural differences you need to understand and accommodate before you expand into China are ethnic culture, priorities, and decision making. The ethnic culture of China varies greatly from that of the US. Chinese people are more focused on relationships and group work while Americans are more individuals. Chinese tend to be more courteous and create personal relationships with their co-workers. Americans tend to be more direct and put business above personal relationships. Because of these differences, Americans tend to put conflicts behind them quicker for the betterment of the business and Chinese tend to take things more personally and it takes them longer to put conflicts in the past. Chinese also respect people based on age and wisdom whereas Americans tend to respect success and achievement. When expanding into China you need to address the ethnic culture in order to build a strong team and work...
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...MarketLine Industry Profile Wine in China August 2013 Reference Code: 0099-0800 Publication Date: August 2013 WWW.MARKETLINE.COM MARKETLINE. THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED China - Wine © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0099 - 0800 - 2012 Page | 1 EXECUTIVE SUMMARY Market value The Chinese wine market grew by 20.7% in 2012 to reach a value of $22.7 billion. Market value forecast In 2017, the Chinese wine market is forecast to have a value of $44.9 billion, an increase of 97.8% since 2012. Market volume The Chinese wine market grew by 18.6% in 2012 to reach a volume of 1,564.1 million liters. Market volume forecast In 2017, the Chinese wine market is forecast to have a volume of 2,909 million liters, an increase of 86% since 2012. Category segmentation Still wine is the largest segment of the wine market in China, accounting for 96% of the market's total value. Geography segmentation China accounts for 54.2% of the Asia-Pacific wine market value. Market share Yantai Changyu Group Company Limited is the leading player in the Chinese wine market, generating a 21.9% share of the market's volume. Market rivalry The Chinese market for wine is fairly fragmented with numerous players present. China - Wine © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0099 - 0800 - 2012 Page | 2 TABLE OF CONTENTS Executive Summary .......
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...www.qyresearchreports.com Global and China Functional beverages Industry 2013 Market Research Report The report firstly introduced Functional beverages basic information included Functional beverages definition classification application industry chain structure industry overview; international market analysis, China domestic market analysis, Macroeconomic environment and economic situation analysis and influence, Functional beverages industry policy and plan, Functional beverages product specification, manufacturing process, product cost structure etc. then statistics Global and China key manufacturers Functional beverages capacity production cost price profit production value gross margin etc details information, at the same time, statistics these manufacturers Functional beverages products customers application capacity market position Activationontact information etc company related information, then collect all these manufacturers data and listed Global and China Functional beverages capacity production capacity market share production market share supply demand shortage import export consumption etc data statistics, and then introduced Global and China Functional beverages 2009-2013 capacity production price cost profit production value gross margin etc information. And also listed Functional beverages upstream raw materials equipments and down stream clients survey analysis and Functional beverages marketing channels industry development trend and proposals. In the...
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...A Case Study of China’s Commercial Pork Value Chain Jacinto F. Fabiosa, Dinghuan Hu, and Cheng Fang MATRIC Research Paper 05-MRP 11 August 2005 Midwest Agribusiness Trade Research and Information Center Iowa State University Ames, Iowa 50011-1070 www.matric.iastate.edu Jacinto Fabiosa is with the Center for Agricultural and Rural Development at Iowa State University. Dinghuan Hu is with the Institute for Agricultural Economics at the Chinese Academy of Agricultural Sciences, Beijing, China. Cheng Fang is with the Food and Agriculture Organization, Rome Italy. This paper is from the project “Cost of Production, Productivity, and Comparative Advantage of Feed and Livestock Industry: Comparison of Midwest of the United States and Six Regions of China,” Midwest Agribusiness Trade Research and Information Center (MATRIC). Available online on the MATRIC Web site: www.matric.iastate.edu. Permission is granted to reproduce this information for non-commerical purposes with appropriate attribution to the authors. Questions or comments about the contents of this paper should be addressed to: Jacinto Fabiosa, 579 Heady Hall, Iowa State University, Ames, IA, 50011-1070. Ph: (515) 294-6183; Fax: (515) 294-6336; E-mail: jfabiosa@iastate.edu. MATRIC is supported by the Cooperative State Research, Education, and Extension Service, U.S. Department of Agriculture, under Agreement No. 92-34285-7175. Any opinions, findings, conclusions, or recommendations expressed in this publication...
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...Air China's mission is to meet customers' demand and to create mutual value * As a business entity, Air China’s operational goal is to have economic benefits at the core and to realize the maximization of profits. However, to achieve this goal, it is important for us to create a variety of values by means of accommodating the increasing demands of customers, which demonstrates the social responsibility of Air China as an internationally recognized airline. * To meet customers’ demands is the priority and fundamental mission of Air China. Customer service is the most important product that we provide. Satisfying the customer comes before the shareholders, the company and the employees. * To create mutual value demonstrates the idea of value sharing and benefit sharing of Air China as a public company and a modern enterprise. Mutual value means the value that should be shared by shareholders, enterprises, employees, customers and the society as a whole. * Air China is a stakeholder for shareholders, enterprises, employees, customers and the society. The majority shareholder of Air China is the government, and other investors make up the remaining shareholders. Air China will make unremitting efforts to ensure an attractive return to shareholders, give momentum to Air China, have a sustainable and healthy development, assure satisfactory salaries, benefits and welfare to employees, offer excellent services to customers and bring positive benefits and returns to the...
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...Alcoholic Drinks in China February 2012 Reference Code: 0099-2201 Publication Date: February 2012 WWW.MARKETLINEINFO.COM MARKETLINE. THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED China - Alcoholic Drinks © MARKETLINE THIS PROFILE IS A LICENSED PRODUCT AND IS NOT TO BE PHOTOCOPIED 0099 - 2201 - 2011 Page | 1 EXECUTIVE SUMMARY Market value The Chinese alcoholic drinks market grew by 9.8% in 2011 to reach a value of $96.5 billion. Market value forecast In 2016, the Chinese alcoholic drinks market is forecast to have a value of $145.6 billion, an increase of 50.9% since 2011. Market volume The Chinese alcoholic drinks market grew by 5.7% in 2011 to reach a volume of 53.2 billion liters. Market volume forecast In 2016, the Chinese alcoholic drinks market is forecast to have a volume of 67.6 billion liters, an increase of 27.1% since 2011. Category segmentation Beer, cider & FABs is the largest segment of the alcoholic drinks market in China, accounting for 65.1% of the market's total value. Geography segmentation China accounts for 38.7% of the Asia-Pacific alcoholic drinks market value. Market share SAB Miller is the leading player in the Chinese alcoholic drinks market, generating a 17% share of the market's value. Market rivalry Growth within the alcoholic drinks market has been robust and steady within the last few years, which tends to reduce the rivalry to some extent and attract new players. China - Alcoholic Drinks...
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...n© 2008 International Institute for Sustainable Development (IISD) Moving up the Value Chain: Published by the International Institute for Sustainable Development The International Institute for Sustainable Development contributes to sustainable development by advancing policy recommendations on international trade and investment, economic policy, climate change, measurement and assessment, and natural resources management. Through the Internet, we report on international negotiations and share knowledge gained through collaborative projects with global partners, resulting in more rigorous research, capacity building in developing countries and better dialogue between North and South. Upgrading China’s Manufacturing Sector Pan Yue Party School of the Central Committee of the Communist Party of China Simon J. Evenett University of St. Gallen and Centre for Economic Policy Research IISD’s vision is better living for all— sustainably; its mission is to champion innovation, enabling societies to live sustainably. IISD is registered as a charitable organization in Canada and has 501(c)(3) status in the United States. IISD receives core operating support from the Government of Canada, provided through the Canadian International Development Agency (CIDA), the International Development Research Centre (IDRC) and Environment Canada; and from the Province of Manitoba. The institute receives project funding from numerous governments inside and outside Canada, United Nations...
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...Instructor: Rokesha (Kay) Green October 5, 2015 The Marketing Plan Marketing has been around for many years but it is always changing and progressing. Marketing is about communicating the value of a product to consumers to promote or sell a product or service. Marketing makes the product unique even though there are similar item offered by competitors. Some activities of the marketing department include product development, advertising, promotion, distribution of sale, customer service, and public relations. Value is the main concept on which marketing is based. Value refers to how good an item is. Value is driven by personal needs and desires. Customer value is the value a specific exchange has for the customer as opposed to for the company (White, 2012). Marketing function determines customer value because it refers to the value of an item the customer receives. A marketer’s job is to develop an offering and to price it in such a way that its value attracts customers, yet it still makes a profit. This paper will introduce and market the product iTunes using the STP approach, discuss major environmental facts and trends in China, and contain a marketing plan for iTunes using the four p’s of marketing. A product that is sold in the United States and has sales opportunities in China is the intangible service iTunes from Apple. ITunes is a store in the form of an app that can be downloaded to ay electronic device where you can purchase music, games, and apps. This product...
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