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Features
- The US Recession, China, and You - Editor, 5 may 2008
- Business Lessons from China in World Currency Management - Editor, 31 March 2008
- What if all Trade and Business Were managed as in China? - Editor, 24 March 2008
- All Computer Monitor Roads Lead to China - Editor, 17 March 2008
- Migrant Labor from Rural China and Implications for the World - Editor, 10 March 2008
- Little Yang during Your China Travel - Editor, 4 March 2008
- Environmental and Social Accounting for China Business (Part 1) - Editor, 11 February 2008
It would be most unusual if you did not buy anything from or sell to China. You may not always be aware of which country owns your favorite brands. Some top American names are now effectively controlled by China. The country acquires controlling stocks frequently. When will the dollar stop depreciating? You are fortunate if you know the answer to that million RMB question. However, a secular implication is that US stocks get effectively cheaper for China all the time. There is hardly any place left to stash dollar reserves. It is already the same with the Euro.
Chaos is a likely consequence of abdication. World trade entered a new era following the humiliation of the losers of World War II. The Bretton Woods agreement was a lighthouse in the stormy reconstruction of world economies during the first two decades after Germany, Italy, and Japan had been disarmed, vanquished, and utterly conquered.
Who does not know Wen Jiabao? The Premier of the State Council is one of the best known leaders of the world. His address at the First Session of the Eleventh National People's Congress during the first week of March 2008 is a mirror to future directions of trade and business in China. There are no promises of stimulus checks in the address. There is no mention of sub prime crime either. Nevertheless, the direction for the economy is clear. What can people who do trade and business with China have to learn from this address?
You can tell how well a business fares from its office ambience. It is the same for homes of the successful. There are many pointers from drive-ways to wash rooms. Some have just snob values. Others are linked to productivity. A computer monitor strikes a balance. There is no doubt that the latest LCD monitor looks elegant. However, it also helps professionals do more. An office or home with a current LCD computer monitor has become the simultaneous hallmark of modernity and style. What does this have to do with China?
Chen Xiwen is Director of the Central Leading Group on Rural Work in China. Beijing will spend more than 500 billion Yuan in 2008 on rural development. China is not alone in dealing with issues of migrant rural labor. The difference is that no country does as much to improve village life. What does this mean for the world?
Can you write-off a vacation as a business expense. We cannot promise a βyesβ from the tax department! However, we do assure you that travel to China is your best bet for great business. You can spend happy minutes at our web site, exploring China. Every province is so full of novel experiences. China is more than everything you have read about Beijing and Shanghai! It is a total experience, which can start a revolution of your business and life.
Have you read our earlier piece entitled βManagement Accounting for China Business Supremacyβ? We find that accounting can do more than tote up the numbers. It all depends on how the figures are presented. Leaving out some aspects of an enterprise can also make a business look different. Environmental and Social Accounting can help China business work improve. The first results can be frightening! Perhaps there are groups of people who get hurt. A Kaizen approach helps us take a positive view of matters. No one is perfect. Everyone can take small steps towards doing things better. Environmental and social accounts next year can be better than they are now.
Recent Articles
- China Strengthens Trade with France, Egypt - Editor, Tuesday 6 July 2010
- China - Abu Dhabi Relationship Develops - Editor, Thursday 10 June 2010
- Green Energy Project - Editor, Thursday 4 March 2010
- Business and Taxes in China - Editor, Wednesday 6 January 2010
- China-Africa Cooperation Reaps Results - Editor, Friday 6 November 2009











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