Premier Wen Jiabao told a visiting Japanese delegation Sunday that Japanese companies operating in China should address workers' unhappiness over low wages that he says led to labor disputes this year. Wen's comment comes after Japanese Foreign Miniter Katsuya Okada called for "transparent policies" governing workers in China.
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The founder of giant Chinese retailer GOME Electrical Appliances Holdings Ltd. is waging a boardroom battle-- while in detention after a bribery conviction--to unseat an old friend who is now chairman.
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China is seeking to engage with the West, but on its own terms. German companies are beginning to feel the effects of this policy. For instance, they note with concern that there is a growing tendency among the Chinese to blatantly demand the divulgence of industrial know-how in return for the right to do business in China.
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A recent CERP paper looks at the potential for 40% drops in China housing prices. This is a result of a number of China specific factors, including (1) lack of assets to invest in (2) the actions of state owned companies including the army that are dangerously addicted to speculation and not doing what they are supposed to do.
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Black helicopters, U.N. conspiracies and shadowy cabals of all-powerful financiers - this is the stuff that fixates in the feverish imagination of a certain segment of the American populace. In one of those wonders of globalization (and ideological indoctrination), those same shadowy cabals do double duty as the object of much Chinese paranoia.
read more »Ren Ren and Youku (vs Facebook and YouTube) succeed by learning from Western failures in China and by import substitution--the fact that the Great Firewall blocks Western websites, causing all the former users of said site to need a new one.
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Just about every week, we get a call from an American company that has paid anywhere between $5,000 and $50,000 for product from a Chinese company and received either nothing in return or product that clearly is not up to snuff. They want to know what they/we can do. In virtually all cases, the U.S.
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This week, Moutai followed up its plans for global expansion by announcing a more inward-looking luxury product, the Moutai “Red Diamond” series, which will sell for 130,000 yuan/US$19,200 a bottle and feature a lock that can only be opened via secret code obtained from a Moutai buyers' hotline.
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This could greatly affect economic projections, including savings rate and government debt.
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I spent 12 hours in a factory on Monday resolving concerns, fighting with resistant engineers, negotiation with managers, hobnobbing with the owners over lunch, discussing solutions with line managers, reviewing standards with QC/QA folks and generally working though every single production issue imaginable to try and jump start a stalled project. What did my 12 hours get me?
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BEIJING (AP) - China acknowledged Thursday that only foreign companies have been forced to scrap or change business deals under its two-year-old anti-monopoly law but rejected complaints the measure is discriminatory.
read more »China said Tuesday it will further open its gold market and improve tax policies for investment in the precious metal. China is the fifth largest holder of gold in the world.
read more »From Dan Harris who runs the China Law Blog: "Chinese companies are still failing in the United States at what I see as an alarming rate--and the reasons I see for that have not changed a bit. Here is my list, with Ms. Sun's (Nina Ying Sun at the Plastics News Blog) comments and then my comments on Ms. Sun's comments:"
read more »A former General Motors engineer and her husband were charged today in federal court with conspiring to sell stolen trade secrets about hybrid vehicles to Chinese automaker Chery Automobile. Shanshan "Shannon" Du, 49, and her husband, Yu Qin, 51, both of Troy, stood mute before U.S. Magistrate Judge Mark A. Randon on conspiracy and other charges.
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A series of comments by some of the world's top executives questioning China's treatment of international companies reflects an anxiety that is altering the relationship between foreign business and Beijing. For years companies that do business in China largely avoided public criticism of Beijing's policies, fearing this could jeopardize their standing in the world's fastest-growing major market.
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For an inkling of the impact that rising labor costs might have for some foreign companies in China, look at Yum Brands.
In a conference call with investors, the U.S.-based operator of KFC and Pizza Hut restaurants blamed rising Chinese labor costs, in part, for full-year earnings growth estimates issued a day earlier that disappointed investors, sending Yum’s stock down.
read more »Starting and operating a business in China can be a challenging, and even exhausting, undertaking. Obviously a multitude of individuals and multinational corporations feel the rewards of reaching this huge market outweigh the negatives. Still, how do businesses get by in a regulatory environment that is often likened to a maze?
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Not so long ago, it used to be the case that spending time in China guaranteed you a great job back home. These days, a stint in China doesn’t have quite the same cache, and the Mandarin you picked up won’t set you apart, since more and more people are learning it. So what can you do to make sure your time in China looks good on your résumé, rather than ending up as an embarrassing black hole?
read more »It is well known that native English speakers have an advantage when it comes to finding work in China – if nothing else, there’s always English teaching. However, what if you don’t come from one of the major English speaking nations, what if English is your second or even third language? What opportunities can you expect to find in China?
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It is something which is causing a stir. “If this were a ping-pong team you wouldn’t be surprised to hear that five out of 10 were from the Chinese mainland,” says Rupert Hoogewerf, founder of the Hurun Report, which tracks the rapid changes in China’s entrepreneurial community. “But when you are talking about the top 10 self-made rich women in the world, this is mind-blowing.”
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