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Features
- Beijing Olympics Opens Up Potentially Lucrative Trade Opportunities - Editor, 4 August 2008
- Industrial and Commercial Bank of China Enters Australian Market - Editor, 15 July 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 US Recession, China, and You - Editor, 5 may 2008
- Business Lessons from China in World Currency Management - Editor, 31 March 2008
With the beginning of the 2008 Beijing Olympics just a few days away, these prestigious summer games are dominating news headlines all over the world, as participating countries prepare to support their athletes in their quest for gold. An aspect of the Olympics that the man in the street may not give much thought to, is how being associated with the games can be hugely beneficial for companies from a marketing perspective. The potential benefits are recognized by astute management teams, resulting in companies clamoring to be included on the list of official sponsors that are approved by the Beijing Organizing Committee of the Olympic Games (BOCOG).
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.
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.
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.
Recent Articles
- China and Taiwan Continue to Strengthen Trading Ties - Editor, Wednesday 18 January 2012
- China to Upgrade CNAPS for Cross-Border Trade - Editor, Wednesday 4 January 2012
- Philippines-China Trade Shows Impressive Growth - Editor, Wednesday 21 December 2011
- UAE-China Trade Ties Strengthened at 10th CCFS - Editor, Wednesday 7 December 2011
- China Reviews Climate Change Policies - Editor, Wednesday 23 November 2011

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