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Features
- China Energy Tech Summit 2008 - Editor, 21 July 2008
- Industrial and Commercial Bank of China Enters Australian Market - Editor, 15 July 2008
- China Takes Steps to Cool Down “Hot Money” - Editor, 7 July 2008
- Why Even Boeing Cannot Dismiss China Business, Trade, or Competition - Editor, 30 June 2008
- Take Note of What China Feels about Your Country’s Reception for The Olympic Torch - Editor, 23 June 2008
- The Skill Secret of China Business Success - Editor, 2 June 2008
- Trade and Business Lessons from the Mobile Phone Market of China - Editor, 26 may 2008
The prestigious Crowne Plaza Hotel in Beijing will be the venue for the upcoming China Energy Tech Summit 2008 to be held 15-17 October 2008. This summit, which is the first of its kind in China, will focus on China’s energy industries and will also provide an international platform for overseas businesses that are involved in energy conservation and emission reduction. The China Energy Tech Summit 2008 will address issues relating to energy conservation, as well as emission reduction technologies, in gas, oil, coal, coal-chemical, petrochemical and electrical power industries.
The Industrial and Commercial Bank of China (ICBC) is considered to be the largest bank in the world, employing more than 350,000 people and offering multi-dimensional, innovative services to its extensive customer base. Following the approval of a branch license from the Australian Prudential Regulations Authority, the ICBC is set to pursue its goal of forming alliances with Australian banks under the leadership Mr. Ruixiang Han, who arrived in Sydney recently to take up his position as general manager of ICBC Australia.
A spokesman for China’s State Administration of Foreign Exchange (SAFE) revealed that, together with the Ministry of Commerce and the General Administration of Customs, it will be drafting regulations to further tighten control on the inflow into China of speculative capital, otherwise referred to as “hot money”. Starting with a trial period of one month, on 14 July, SAFE will electronically link these government departments to co-ordinate and cross-check foreign exchange receipts, as well as export settlements.
China seems to follow the Wright brothers. They have just invested $2.7 billion to start the Commercial Aircraft Corporation of China Limited. The Chinese ambition to build large jets dates back to the 1980s. The government has shown rare perseverance in this matter. China has not been successful in this field in the past.
France has pride of place. The Olympic Torch was extinguished there. The police in San Francisco and London also failed to honor the top symbol of world sport. The French President has expressed sympathy for the saboteurs. The battle lines are clearer now. You may have scored a political point. What does it mean for your business with China?
The ‘cheap labor’ formula is history in China. Cut your losses and exit if you are in. Look elsewhere if you the sweatshop type. Every human exploitation attempt is bound to fail in China. Sourcing success stories need a fresh plot here.
Finland has beaten Korea in China.
US Corporations are far behind in the mobile hand set war for world market dominance. China is a key market in this game. Nokia is not only a leading player in this segment of the China market, but is ahead of Samsung by a wide margin. There are two key factors behind this extraordinary success of Europe in China.
Recent Articles
- Industrial and Commercial Bank of China Enters Australian Market - Editor, Tuesday 15 July 2008
- China Takes Steps to Cool Down “Hot Money” - Editor, Monday 7 July 2008
- Why Even Boeing Cannot Dismiss China Business, Trade, or Competition - Editor, Monday 30 June 2008
- Take Note of What China Feels about Your Country’s Reception for The Olympic Torch - Editor, Monday 23 June 2008
- The Skill Secret of China Business Success - Editor, Monday 2 June 2008










