OneofChina'stopnovelists,YuHua,haswrittenanovelentitled"Brothers."Itwasreleasedintwovolumesin2005and2006.whatismoreremarkableisthatithassoldnearlyamillioncopiesinacountrywherebookpiracyisamatterofcourseandnovelscaneasilybefoundontheInternetassoonasthefirstoneisbought/sold.
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TokeepitspromisetotheWTO,BeijinghasagreedtoallowforeignbankstoofferyuanbankservicestoChinesecustomersbytheendofthisyear.HSBCHoldings,China'slargestbankaccordingtowww.scotsman.com,planstoaddabout2000employeesandsixbranchestobeattheforeignrush.
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WhatdoDonaldDuck,MickeyMouseandYaoMinghaveincommon?Allthreehaverenouncedeatingsharkfinsoup.
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SinopecisAsia'slargestoilrefiner.NowtheywanttobeAsia'slargestcleancoalmanufacturer.SinopechasteamedupwithChinaNationalCoal,Shanghai'sShenergyGroup,ChinaYintaiInvestmentandInnerMongoliaManshiCoalGroupona$2.6billionprojecttoconvertcoaltogas.
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150in-depthinterviewsofCEOs,CommunicationsDirectors,corporateboardmembersandothertopofficialsatmajorcompaniesthroughouttheUSwasconducted.Thefollowingquestionwasasked:DoesyourcompanyhavebusinessinterestsinChinaorareyourplanningtoexpandyourbusinessthere,ordoyouhavenoplanstodobusinessinChina?
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GlowinginitsrecentvictoriesoverWal-MartStores-19tradeunionsestablishedinthreeweeks,theACFTUhasitssightsonothermultinationalsinChina.TheACFTUhasamembershipofaround150millioninnearly1200branches.
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Likeinanyculture,thebestwaytogettoknowsomeoneistositdowntothetableandshareamealwiththem.PerhapsthiswillexplainswhyitissohardforIndiansandChinesetodobusiness.Whatwilltheyeatwhentheysitdowntogether?
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DespitethebeatingtheGoogletakesforwhatitdoesNOTdoinChina,Googleseemsintentondoingwhatitcan.GooglewillpowertheEnglish-languagesearchandtraditionalChinesesearchesforHongKong'sCDCCorporation'sChina.com
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TenyearsagochinahadjustthreebusinesseslistedintheFortune500.Thisyearthereare19-Sinopecisthelargest.Chinahasanestimated250,000companies.China'stop500,accordingtowww.chinadaily.comgeneratedaboutathirdofthecountry'stotalincome-revenueandcapital.
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Chinaisbecomingmoreandmoreefficientasmarket-orientedreformshaveloweredbusinesscosts.Bankingefficiencyisimproving.Finanicalandothereconomicreformsarefollowing.China'senterprisesaregettingmorequalifiedmanagers.Inshorttheyarebecomingbettercompaniesastheylearnhowtomaketheirwayintheinternationalscene.So,thenwhatareChinaandhermanufacturersafraidof?clickheretocontinuereading...[
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