What history can teach us about SARS
2 days ago by jerryking
Apr. 14, 2003 | TIME |By Pete Davies .As scientists race to unravel the mysteries of SARS, one issue high on their agenda will be the likelihood that the new virus is a cross-species transmission in which the virus has mutated from its animal carrier so that it can infect humans, who have no immunity from the alien invader. The most obvious examples of this are HIV and influenza, and the latter disease has disturbing parallels with SARS. The flu virus lives usually in the stomachs of waterfowl, and the two are co-adapted — the birds don't get sick. It is widely believed among virologists, however, that with the domestication of ducks in southern China 2,000-3,000 years ago, flu jumped species.
This region has always had high densities of people living in close proximity to large populations of pigs and chickens. It's not known in which order, but with this ready pool of targets near at hand, flu has transferred from ducks to all three species — and once established, it can swap back and forth between its different new hosts with devastating effect. The virus survives and thrives by constantly mutating — so that just as our immune systems recognize and kill off one strain, a new one emerges against which our defenses don't work. Most are minor adaptations, the product of genetic "drift." Every now and then, however, something more dramatic occurs: a genetic "shift." Also termed "a reassortment event," this is the creation of a wholly new strain with genetic elements taken from viruses found in different species.
China
epidemics
viruses
flu_outbreaks
SARS
This region has always had high densities of people living in close proximity to large populations of pigs and chickens. It's not known in which order, but with this ready pool of targets near at hand, flu has transferred from ducks to all three species — and once established, it can swap back and forth between its different new hosts with devastating effect. The virus survives and thrives by constantly mutating — so that just as our immune systems recognize and kill off one strain, a new one emerges against which our defenses don't work. Most are minor adaptations, the product of genetic "drift." Every now and then, however, something more dramatic occurs: a genetic "shift." Also termed "a reassortment event," this is the creation of a wholly new strain with genetic elements taken from viruses found in different species.
2 days ago by jerryking
Hot Commodities
9 days ago by jerryking
May 2004 | Robb Report Worth |by John Fried.
When you invest in say, copper, you have to determine whether there is too much supply of copper or too little. You have to figure out how many copper mines are being opened and how many are dpelted. Once you uncderstand those dynamics, you invest. If you inves tin the stock of a copper company, you have to look at those samle macro issues as well as corporate fundamentals. You have to worry about management, balance sheets, continuing practices, and how well the board of directors handles its pension plan . You have to worry about the overall mood of the stock market, the U.S. economy, and well as foreign economies. To me, cutting out the middle man is a lot easier....As a savvy commodities investor you must pay attention to the macro fundamentals--supply, demand, inventories--as well as the mood of the market in order to find your sell sign.
Jim_Rogers
commodities
investing
China
water
gold
When you invest in say, copper, you have to determine whether there is too much supply of copper or too little. You have to figure out how many copper mines are being opened and how many are dpelted. Once you uncderstand those dynamics, you invest. If you inves tin the stock of a copper company, you have to look at those samle macro issues as well as corporate fundamentals. You have to worry about management, balance sheets, continuing practices, and how well the board of directors handles its pension plan . You have to worry about the overall mood of the stock market, the U.S. economy, and well as foreign economies. To me, cutting out the middle man is a lot easier....As a savvy commodities investor you must pay attention to the macro fundamentals--supply, demand, inventories--as well as the mood of the market in order to find your sell sign.
9 days ago by jerryking
‘Princelings’ in China Use Family Ties to Gain Riches - NYTimes.com
11 days ago by jerryking
By DAVID BARBOZA and SHARON LaFRANIERE
Published: May 17, 2012
princelings
China
guanxi
Published: May 17, 2012
11 days ago by jerryking
Resource-Rich Canada Looks to China for Growth - WSJ.com
16 days ago by jerryking
May 13, 2012, 10:25 p.m. ET
Resource-Rich Canada Looks to China for Growth
By CHIP CUMMINS and ALISTAIR MACDONALD
Canada
China
U.S.
diversification
Resource-Rich Canada Looks to China for Growth
By CHIP CUMMINS and ALISTAIR MACDONALD
16 days ago by jerryking
Three Questions From China's Bo Xilai Fiasco
23 days ago by jerryking
April 17, 2012 | WSJ | By MINXIN PEI.
Three Questions From China's Bo Xilai Fiasco
Six of nine Politburo members paid homage to Chongqing, implicitly endorsing the now-discredited 'Chongqing Model.'
(1) How was an individual with such known flaws entrusted with so much power with so little constraint?
(2)How can it better manage competition for power at the top during succession?
(3)How can it better manage political crisis in the age of the Internet and microblogs?
Bo_Xilai
China
leadership
succession
Chinese_Communist
Party
Politburo_Standing
_Committee
scandals
Three Questions From China's Bo Xilai Fiasco
Six of nine Politburo members paid homage to Chongqing, implicitly endorsing the now-discredited 'Chongqing Model.'
(1) How was an individual with such known flaws entrusted with so much power with so little constraint?
(2)How can it better manage competition for power at the top during succession?
(3)How can it better manage political crisis in the age of the Internet and microblogs?
23 days ago by jerryking
Your Next Big Thing: The world's biggest
26 days ago by jerryking
November 22, 2004 | PROFITguide.com | By Laura Pratt and Deena Waisberg |
globalization
Wal-Mart
China
small_business
26 days ago by jerryking
The Future of the Future
26 days ago by jerryking
September 30, 2005 |Special to the Toronto Star | By Alan Webber.
From Toronto to Tokyo, from Copenhagen to Chicago, from San Paulo to San Francisco—in virtually every major city in every industrialized country in the world—leaders of business, government, and not-for-profits are preoccupied with the same fundamental question: What do we need to do to compete successfully in the economy of the future?...it’s not hard to locate the source of so much economic soul-searching spread over so many historically prosperous countries. Most observers could cull their list of explanations to two simple words: China, India.
there are four additional revolutions going on that all of us must attend to if we want to shape our future, and not simply watch it shape us.
Briefly, the four are:
The convergence of politics, religion, and culture as a powerful force for national and international identity and change.
The transformational power of technology, and in particular, bio-technology and the new sciences.
The revolution in art and self-expression.
The global search for personal meaning.
Some of the operating rules that we can apply as we participate in the creation of our own future.
(1) innovation and creativity are the coin of the realm; talent,
diversity, design, and leadership are the metals that make up that coin.
(2) If we want to see the future, we will have to ask the right questions about it...Leif Edvinsson, the world’s first professor of Intellectual Capital, is pioneering a new field: “quizzics”—the art of asking the right question, the right way, because in every field, the question we ask will determine the answer we get.
(3) The future will be created in the interplay of these five revolutions, and at the boundaries of discrete disciplines. Most of us are trained in one profession, one discipline, one career; most of us are rewarded for our expertise in that one area. And yet, increasingly, the future that is emerging requires cross-disciplinary thinking, the ability to work across categories and at the boundaries of expertise.
future
trends
China
India
rules_of_the_game
innovation
creativity
quizzics
cross-pollination
interdisciplinary
From Toronto to Tokyo, from Copenhagen to Chicago, from San Paulo to San Francisco—in virtually every major city in every industrialized country in the world—leaders of business, government, and not-for-profits are preoccupied with the same fundamental question: What do we need to do to compete successfully in the economy of the future?...it’s not hard to locate the source of so much economic soul-searching spread over so many historically prosperous countries. Most observers could cull their list of explanations to two simple words: China, India.
there are four additional revolutions going on that all of us must attend to if we want to shape our future, and not simply watch it shape us.
Briefly, the four are:
The convergence of politics, religion, and culture as a powerful force for national and international identity and change.
The transformational power of technology, and in particular, bio-technology and the new sciences.
The revolution in art and self-expression.
The global search for personal meaning.
Some of the operating rules that we can apply as we participate in the creation of our own future.
(1) innovation and creativity are the coin of the realm; talent,
diversity, design, and leadership are the metals that make up that coin.
(2) If we want to see the future, we will have to ask the right questions about it...Leif Edvinsson, the world’s first professor of Intellectual Capital, is pioneering a new field: “quizzics”—the art of asking the right question, the right way, because in every field, the question we ask will determine the answer we get.
(3) The future will be created in the interplay of these five revolutions, and at the boundaries of discrete disciplines. Most of us are trained in one profession, one discipline, one career; most of us are rewarded for our expertise in that one area. And yet, increasingly, the future that is emerging requires cross-disciplinary thinking, the ability to work across categories and at the boundaries of expertise.
26 days ago by jerryking
Hope and Profit in Africa
28 days ago by jerryking
06.18.07 | Forbes.com | Quentin Hardy
Africa
MTV
South_Africa
Congo
China
28 days ago by jerryking
U.S. Probe Ties Chinese Cyberspying to Military - WSJ.com
4 weeks ago by jerryking
December 13, 2011 | WSJ |By SIOBHAN GORMAN.
U.S. Homes In on China Spying
Probe Pinpoints Groups of Hackers and Ties Most to Military; Officials Prepare to Confront Beijing
cyber_warfare
China
hackers
PLA
NSA
security_&_intelligence
espionage
U.S. Homes In on China Spying
Probe Pinpoints Groups of Hackers and Ties Most to Military; Officials Prepare to Confront Beijing
4 weeks ago by jerryking
THE ABCs OF CYBER-SECURITY
4 weeks ago by jerryking
April 27, 2012 | Report on Business | Ivor Tossell
Everything today is digital - and, increasingly, everything is getting hacked. To be absolutely safe, you could move into a cave. Or you could read our handy primer by online culture.xpert Ivor Tossell
IVOR TOSSELL
cyber_security
hackers
China
cyber_warfare
Everything today is digital - and, increasingly, everything is getting hacked. To be absolutely safe, you could move into a cave. Or you could read our handy primer by online culture.xpert Ivor Tossell
IVOR TOSSELL
4 weeks ago by jerryking
For Apple, China Is Middle Kingdom - WSJ.com
4 weeks ago by jerryking
April 26, 2012 | WSJ | By JESSICA E. VASCELLARO
For Apple, China Is Middle Kingdom
Apple
Jessica_E._Vascellaro
China
For Apple, China Is Middle Kingdom
4 weeks ago by jerryking
Bo Xilai Said to Have Spied on Top China Officials - NYTimes.com
4 weeks ago by jerryking
By JONATHAN ANSFIELD and IAN JOHNSON
Published: April 25, 2012
scandals
Bo_Xilai
China
espionage
covert_operations
wiretaps
eavesdropping
Published: April 25, 2012
4 weeks ago by jerryking
Nestlé to Buy Pfizer's Infant-Nutrition Unit - WSJ.com
4 weeks ago by jerryking
April 24, 2012 | WSJ | By DANA CIMILLUCA, JONATHAN D. ROCKOFF and ANUPREETA DAS.
Nestlé
Pfizer
infants
China
dairy
Danone
4 weeks ago by jerryking
Behind a Chinese City's Growth, Heavy Debt - WSJ.com
5 weeks ago by jerryking
April 23, 2012 | WSJ | By TOM ORLIK in Beijing and LINGLING WEI in Chongqing
Behind a Chinese City's Growth, Heavy Debt
Borrowing Fueled Chongqing's Infrastructure Projects, Highlighting National Problem of Reliance on Government Spending
Article
China
debt
scandals
Chongqing
Bo_Xilai
Behind a Chinese City's Growth, Heavy Debt
Borrowing Fueled Chongqing's Infrastructure Projects, Highlighting National Problem of Reliance on Government Spending
Article
5 weeks ago by jerryking
China Grows Its Dairy Farms With a Global Cattle Drive
5 weeks ago by jerryking
April 22, 2012 | WSJ | By ALEX FRANGOS.
dairy
China
China_rising
globalization
cattle
5 weeks ago by jerryking
California Farmers Retool to Feed China - WSJ.com
5 weeks ago by jerryking
April 20, 2012 | WSJ | By VAUHINI VARA.
Farmers Retool to Feed China
Dairies in California Make Powdered Milk Last Longer for Growing Middle Class
dairy
China
farming
exporting
California
cattle
Farmers Retool to Feed China
Dairies in California Make Powdered Milk Last Longer for Growing Middle Class
5 weeks ago by jerryking
The HBR List: Breakthrough Ideas 2006
5 weeks ago by jerryking
February 2006 | HBR | Assorted authors
idea_generation
ideas
HBR
leadership
sensors
Industrial_Internet
China
environment
risk
uncertainty
doubt
networks
private_labels
outsourcing
bottlenecks
mydata
cartels
avatars
Paco_Underhill
5 weeks ago by jerryking
Bo Guagua’s Parties and Privilege Aggravate Elite Chinese Family’s Fall - NYTimes.com
6 weeks ago by jerryking
By ANDREW JACOBS and DAN LEVIN
Published: April 16, 2012
princelings
China
Harvard
Oxford
Bo_Xilai
scandals
Published: April 16, 2012
6 weeks ago by jerryking
Karma Capitalism
6 weeks ago by jerryking
OCTOBER 30, 2006 | BusinessWeek | Pete Engardio.
The swami's whirlwind East Coast tour was just one small manifestation of a significant but sometimes quirky new trend: Big Business is embracing Indian philosophy. Suddenly, phrases from ancient Hindu texts such as the Bhagavad Gita are popping up in management tomes and on Web sites of consultants. Top business schools have introduced "self-mastery" classes that use Indian methods to help managers boost their leadership skills and find inner peace in lives dominated by work.
More important, Indian-born strategists also are helping transform corporations. Academics and consultants such as C. K. Prahalad, Ram Charan, and Vijay Govindrajan are among the world's hottest business gurus. About 10% of the professors at places such as Harvard Business School, Northwestern's Kellogg School of Business, and the University of Michigan's Ross School of Business are of Indian descent--a far higher percentage than other ethnic groups. "When senior executives come to Kellogg, Wharton, Harvard, or [Dartmouth's] Tuck, they are exposed to Indian values that are reflected in the way we think and articulate," says Dipak C. Jain, dean of the Kellogg School.
capitalism
India
China
Vijay_Govindrajan
Ram_Charam
C.K._Prahalad
philosophy
The swami's whirlwind East Coast tour was just one small manifestation of a significant but sometimes quirky new trend: Big Business is embracing Indian philosophy. Suddenly, phrases from ancient Hindu texts such as the Bhagavad Gita are popping up in management tomes and on Web sites of consultants. Top business schools have introduced "self-mastery" classes that use Indian methods to help managers boost their leadership skills and find inner peace in lives dominated by work.
More important, Indian-born strategists also are helping transform corporations. Academics and consultants such as C. K. Prahalad, Ram Charan, and Vijay Govindrajan are among the world's hottest business gurus. About 10% of the professors at places such as Harvard Business School, Northwestern's Kellogg School of Business, and the University of Michigan's Ross School of Business are of Indian descent--a far higher percentage than other ethnic groups. "When senior executives come to Kellogg, Wharton, Harvard, or [Dartmouth's] Tuck, they are exposed to Indian values that are reflected in the way we think and articulate," says Dipak C. Jain, dean of the Kellogg School.
6 weeks ago by jerryking
Chinese Insider Offers Rare Glimpse of U.S.-China Frictions - NYTimes.com
8 weeks ago by jerryking
By JANE PERLEZ
Published: April 2, 2012
China
China_rising
Published: April 2, 2012
8 weeks ago by jerryking
How China Steals Our Secrets - NYTimes.com
8 weeks ago by jerryking
By RICHARD A. CLARKE
Published: April 2, 2012
espionage
China
cyber_security
security_&_intelligence
cyber_warfare
hackers
industrial_espionage
Published: April 2, 2012
8 weeks ago by jerryking
Why Nations Fail - NYTimes.com
8 weeks ago by jerryking
By THOMAS L. FRIEDMAN
Published: March 31, 2012
“Why Nations Fail.” The more you read it, the more you appreciate what a fool’s errand we’re on in Afghanistan and how much we need to totally revamp our whole foreign aid strategy. But most intriguing are the warning flares the authors put up about both America and China.
Co-authored by the M.I.T. economist Daron Acemoglu and the Harvard political scientist James A. Robinson, “Why Nations Fail” argues that the key differentiator between countries is “institutions.” Nations thrive when they develop “inclusive” political and economic institutions, and they fail when those institutions become “extractive” and concentrate power and opportunity in the hands of only a few.
book_reviews
Tom_Friedman
China
U.S.
Afghanistan
Egypt
foreign_policy
institutions
foreign_aid
failed_states
Published: March 31, 2012
“Why Nations Fail.” The more you read it, the more you appreciate what a fool’s errand we’re on in Afghanistan and how much we need to totally revamp our whole foreign aid strategy. But most intriguing are the warning flares the authors put up about both America and China.
Co-authored by the M.I.T. economist Daron Acemoglu and the Harvard political scientist James A. Robinson, “Why Nations Fail” argues that the key differentiator between countries is “institutions.” Nations thrive when they develop “inclusive” political and economic institutions, and they fail when those institutions become “extractive” and concentrate power and opportunity in the hands of only a few.
8 weeks ago by jerryking
Manufacturing: The end of cheap China
11 weeks ago by jerryking
Mar 10th 2012 | HONG KONG AND SHENZHEN | The Economist
The era of cheap China may be drawing to a close. Costs are soaring, starting in the coastal provinces where factories have historically clustered (see map). Increases in land prices, environmental and safety regulations and taxes all play a part. The biggest factor, though, is labour...If cheap China is fading, what will replace it? Will factories shift to poorer countries with cheaper labour? That is the conventional wisdom, but it is wrong....Louis Kuijs of the Fung Global Institute, a think-tank, observes that some low-tech, labour-intensive industries, such as T-shirts and cheap trainers, have already left China. And some firms are employing a “China + 1” strategy, opening just one factory in another country to test the waters and provide a back-up.
But coastal China has enduring strengths, despite soaring costs. First, it is close to the booming Chinese domestic market. This is a huge advantage. No other country has so many newly pecunious consumers clamouring for stuff.
Second, Chinese wages may be rising fast, but so is Chinese productivity. The precise numbers are disputed, but the trend is not. Chinese workers are paid more because they are producing more.
Third, China is huge. Its labour pool is large and flexible enough to accommodate seasonal industries that make Christmas lights or toys, says Ivo Naumann of AlixPartners. In response to sudden demand, a Chinese factory making iPhones was able to rouse 8,000 workers from their dormitory and put them on the assembly line at midnight, according to the New York Times. Not the next day. Midnight. Nowhere else are such feats feasible.
Fourth, China’s supply chain is sophisticated and supple. Professor Zheng Yusheng of the Cheung Kong Graduate School of Business argues that the right way to measure manufacturing competitiveness is not by comparing labour costs alone, but by comparing entire supply chains. Even if labour costs are a quarter of those in China to make a given product, the unreliability or unavailability of many components may make it uneconomic to make things elsewhere.
China
Hong_Kong
manufacturers
The era of cheap China may be drawing to a close. Costs are soaring, starting in the coastal provinces where factories have historically clustered (see map). Increases in land prices, environmental and safety regulations and taxes all play a part. The biggest factor, though, is labour...If cheap China is fading, what will replace it? Will factories shift to poorer countries with cheaper labour? That is the conventional wisdom, but it is wrong....Louis Kuijs of the Fung Global Institute, a think-tank, observes that some low-tech, labour-intensive industries, such as T-shirts and cheap trainers, have already left China. And some firms are employing a “China + 1” strategy, opening just one factory in another country to test the waters and provide a back-up.
But coastal China has enduring strengths, despite soaring costs. First, it is close to the booming Chinese domestic market. This is a huge advantage. No other country has so many newly pecunious consumers clamouring for stuff.
Second, Chinese wages may be rising fast, but so is Chinese productivity. The precise numbers are disputed, but the trend is not. Chinese workers are paid more because they are producing more.
Third, China is huge. Its labour pool is large and flexible enough to accommodate seasonal industries that make Christmas lights or toys, says Ivo Naumann of AlixPartners. In response to sudden demand, a Chinese factory making iPhones was able to rouse 8,000 workers from their dormitory and put them on the assembly line at midnight, according to the New York Times. Not the next day. Midnight. Nowhere else are such feats feasible.
Fourth, China’s supply chain is sophisticated and supple. Professor Zheng Yusheng of the Cheung Kong Graduate School of Business argues that the right way to measure manufacturing competitiveness is not by comparing labour costs alone, but by comparing entire supply chains. Even if labour costs are a quarter of those in China to make a given product, the unreliability or unavailability of many components may make it uneconomic to make things elsewhere.
11 weeks ago by jerryking
Wahaha Seeks Expansion - WSJ.com
12 weeks ago by jerryking
March 4, 2012,| WSJ | By LAURIE BURKITT
Chinese Group on Hunt for Deals
food
beverages
China
entrepreneur
high_net_worth
moguls
globalization
Wahaha
Chinese Group on Hunt for Deals
12 weeks ago by jerryking
China Considers Navy Presence in Seychelles - WSJ.com
february 2012 by jerryking
DECEMBER 14, 2011 | WSJ | By JEREMY PAGE in Beijing and TOM WRIGHT in New Delhi.
Chinese Military Considers New Indian Ocean Presence
maritime
China
Seychelles
China_rising
PLA
Chinese Military Considers New Indian Ocean Presence
february 2012 by jerryking
State-Run Firms Are the Giants of China's Economy - WSJ.com
february 2012 by jerryking
FEBRUARY 23, 2012 | WSJ | By BOB DAVIS and JASON DEAN
China
state_capitalism
february 2012 by jerryking
Apple needs more than a good lawyer in China
february 2012 by jerryking
February 21, 2012 | Reuters | By Wei Gu
Apple
China
february 2012 by jerryking
Stephens: Who Will Tell the Truth About China? - WSJ.com
february 2012 by jerryking
FEBRUARY 14, 2012
Who Will Tell the Truth About China?
By BRET STEPHENS
China
princelings
Xi_Jinping
truth_telling
propaganda
Who Will Tell the Truth About China?
By BRET STEPHENS
february 2012 by jerryking
In China, a leap forward by Canada
february 2012 by jerryking
Feb. 08, 2012| The Globe and Mail | Editorial on China and Canada committing to a foreign investment promotion and protection agreement with China....The two essential ingredients in a FIPA are that each country “shall accord to investors of the other [country] treatment no less favourable than that it accords ... to its own investors” and that there will be a dispute settlement mechanism.
investing
investors
investments
crossborder
China
FDI
editorials
february 2012 by jerryking
The remaking of Harper’s China gambit - The Globe and Mail
february 2012 by jerryking
mark mackinnon
BEIJING— From Saturday's Globe and Mail
Published Friday, Feb. 03, 2012
Stephen_Harper
China
leadership
princelings
travel
foreign_policy
Canada
BEIJING— From Saturday's Globe and Mail
Published Friday, Feb. 03, 2012
february 2012 by jerryking
Forget Stocks—Chinese Turn Bullish On Booze and Caterpillar Fungus - WSJ.com
january 2012 by jerryking
JANUARY 30, 2012 |WSJ | By DINNY MCMAHON.
Forget Stocks—Chinese Turn Bullish on Booze and Caterpillar Fungus
Investors Chase Returns in Strange Places; A Wild Ride in 'Roaring Yellow River'...With Chinese stocks falling, real-estate markets flat and bank deposits offering measly returns, Chinese investors have been looking for help in strange places. Besides traditional medicinal products, they are plowing money into art-based stock markets, homegrown liquors, mahogany furniture and jade, among other decidedly non-Western asset classes....The problem for Chinese investors is that returns have evaporated from more traditional markets. Real estate was once China's favorite investment, but government efforts to contain price increases and keep housing affordable have led to price stagnation and even declines in some cities. China's major stock exchange in Shanghai is down almost 20% since the beginning of 2011. Bank deposit rates are lower than the pace of inflation, meaning savers effectively pay banks for the privilege of handling their money.
"There really are very few investment channels," says Ren Jun, a 30-year-old media entrepreneur with investments in contemporary art, antiques, gold and silver. "That's why I'm kind of forcing myself to be brave in trying new options."
China
investing
investors
personal_finance
financial_planning
diversification
Forget Stocks—Chinese Turn Bullish on Booze and Caterpillar Fungus
Investors Chase Returns in Strange Places; A Wild Ride in 'Roaring Yellow River'...With Chinese stocks falling, real-estate markets flat and bank deposits offering measly returns, Chinese investors have been looking for help in strange places. Besides traditional medicinal products, they are plowing money into art-based stock markets, homegrown liquors, mahogany furniture and jade, among other decidedly non-Western asset classes....The problem for Chinese investors is that returns have evaporated from more traditional markets. Real estate was once China's favorite investment, but government efforts to contain price increases and keep housing affordable have led to price stagnation and even declines in some cities. China's major stock exchange in Shanghai is down almost 20% since the beginning of 2011. Bank deposit rates are lower than the pace of inflation, meaning savers effectively pay banks for the privilege of handling their money.
"There really are very few investment channels," says Ren Jun, a 30-year-old media entrepreneur with investments in contemporary art, antiques, gold and silver. "That's why I'm kind of forcing myself to be brave in trying new options."
january 2012 by jerryking
Apple, America and a Squeezed Middle Class
january 2012 by jerryking
January 21, 2012 | NYTimes.com | By CHARLES DUHIGG and KEITH BRADSHER.
Apple
middle_class
Outsourcing
China
manufacturers
supply_chains
Tim_Cook
january 2012 by jerryking
Globalization, Alive and Well - New York Times
january 2012 by jerryking
By THOMAS L. FRIEDMAN
September 22, 2002
the most important reason why globalization is alive and well post-9/11 is that while pampered college students and academics in the West continue to debate about whether countries should globalize, the two biggest countries in the world, India and China -- who represent one-third of humanity -- have long moved beyond that question. They have decided that opening their economies to trade in goods and services is the best way to lift their people out of abject poverty and are now focused simply on how to globalize in the most stable manner. Some prefer to go faster, and some prefer to phase out currency controls and subsidies gradually, but the debate about the direction they need to go is over.
globalization
China
India
flat_world
Infosys
Tom_Friedman
September 22, 2002
the most important reason why globalization is alive and well post-9/11 is that while pampered college students and academics in the West continue to debate about whether countries should globalize, the two biggest countries in the world, India and China -- who represent one-third of humanity -- have long moved beyond that question. They have decided that opening their economies to trade in goods and services is the best way to lift their people out of abject poverty and are now focused simply on how to globalize in the most stable manner. Some prefer to go faster, and some prefer to phase out currency controls and subsidies gradually, but the debate about the direction they need to go is over.
january 2012 by jerryking
Lunch with the FT: Zbigniew Brzezinski
january 2012 by jerryking
January 13, 2012 | FT.com | By Edward Luce.
Strategic Vision: America and the Crisis of Global Power.
“We [Americans] are too obsessed with today,” Brzezinski continues. “If we slide into a pattern of just thinking about today, we’ll end up reacting to yesterday instead of shaping something more constructive in the world.” By contrast, he says, the Chinese are thinking decades ahead. Alas, Brzezinski says, Obama has so far failed to move into a strategic habit of mind. To a far greater extent than the Chinese, he concedes, Obama has to respond to shifts in public mood. Brzezinski is not very complimentary about American public opinion.
“Americans don’t learn about the world, they don’t study world history, other than American history in a very one-sided fashion, and they don’t study geography,” Brzezinski says. “In that context of widespread ignorance, the ongoing and deliberately fanned fear about the outside world, which is connected with this grandiose war on jihadi terrorism, makes the American public extremely susceptible to extremist appeals.” But surely most Americans are tired of overseas adventures, I say. “There is more scepticism,” Brzezinski concedes. “But the susceptibility to demagoguery is still there.”....Brzezinski lists "Ignorance", as one of America’s six “key vulnerabilities” alongside “mounting debt’, a “flawed financial system”, “decaying national infrastructure”, “widening income inequality”, and “increasingly gridlocked politics”.
Zbigniew_Brzezinski
security_&_intelligence
America_in_Decline?
strategic_thinking
China_rising
China
diplomacy
princelings
Strategic Vision: America and the Crisis of Global Power.
“We [Americans] are too obsessed with today,” Brzezinski continues. “If we slide into a pattern of just thinking about today, we’ll end up reacting to yesterday instead of shaping something more constructive in the world.” By contrast, he says, the Chinese are thinking decades ahead. Alas, Brzezinski says, Obama has so far failed to move into a strategic habit of mind. To a far greater extent than the Chinese, he concedes, Obama has to respond to shifts in public mood. Brzezinski is not very complimentary about American public opinion.
“Americans don’t learn about the world, they don’t study world history, other than American history in a very one-sided fashion, and they don’t study geography,” Brzezinski says. “In that context of widespread ignorance, the ongoing and deliberately fanned fear about the outside world, which is connected with this grandiose war on jihadi terrorism, makes the American public extremely susceptible to extremist appeals.” But surely most Americans are tired of overseas adventures, I say. “There is more scepticism,” Brzezinski concedes. “But the susceptibility to demagoguery is still there.”....Brzezinski lists "Ignorance", as one of America’s six “key vulnerabilities” alongside “mounting debt’, a “flawed financial system”, “decaying national infrastructure”, “widening income inequality”, and “increasingly gridlocked politics”.
january 2012 by jerryking
Man Dies of Bird Flu in China - WSJ.com
december 2011 by jerryking
DECEMBER 31, 2011 |WSJ | By AARON BACK
flu_outbreaks
H1N1
China
deaths
december 2011 by jerryking
Beijing Launches GPS Rival - WSJ.com
december 2011 by jerryking
DECEMBER 28, 2011
Beijing Launches Its Own GPS Rival
By JEREMY PAGE
China
China_rising
GPS
U.S._Navy
Taiwan
Beijing Launches Its Own GPS Rival
By JEREMY PAGE
december 2011 by jerryking
China, Japan Regard Shift With Unease - WSJ.com
december 2011 by jerryking
DECEMBER 20, 2011 | WSJ | By JEREMY PAGE in Beijing and CHESTER DAWSON in Tokyo. China, Japan Regard Shift With Unease
North_Korea
China
Japan
december 2011 by jerryking
North Korea Seals Chinese Border - WSJ.com
december 2011 by jerryking
DECEMBER 21, 2011 | WSJ | By JEREMY PAGE in Tumen, China, and JAEYEON WOO in Seoul.
North Korea Seals Chinese Border
Price of Chrysanthemums Rises at Crossing Points as State Workers Are Called Back for Kim's Funeral
North_Korea
China
crossborder
North Korea Seals Chinese Border
Price of Chrysanthemums Rises at Crossing Points as State Workers Are Called Back for Kim's Funeral
december 2011 by jerryking
Will North Korea Become China’s Newest Province? - NYTimes.com
december 2011 by jerryking
By VICTOR CHA
Published: December 19, 2011
North_Korea
China
succession
Published: December 19, 2011
december 2011 by jerryking
Zbigniew Brzezinski: As China Rises, A New U.S. Strategy - WSJ.com
december 2011 by jerryking
DECEMBER 14, 2011 | WSJ |By ZBIGNIEW BRZEZINSKI.
We should embrace Russia, Japan and South Korea as we seek to manage the rise of China.
strategy
strategic_thinking
diplomacy
geopolitics
China_rising
China
U.S.foreign_policy
We should embrace Russia, Japan and South Korea as we seek to manage the rise of China.
december 2011 by jerryking
U.S. Probe Ties Chinese Cyberspying to Military - WSJ.com
december 2011 by jerryking
DECEMBER 13, 2011 | WSJ | By SIOBHAN GORMAN
U.S. Homes In on China Spying
Probe Pinpoints Groups of Hackers and Ties Most to Military; Officials Prepare to Confront Beijing
espionage
cyber_warfare
China
NSA
hackers
security_&_intelligence
U.S. Homes In on China Spying
Probe Pinpoints Groups of Hackers and Ties Most to Military; Officials Prepare to Confront Beijing
december 2011 by jerryking
China’s Spies Are Catching Up - NYTimes.com
december 2011 by jerryking
By DAVID WISE
Published: December 10, 2011
China
security_&_intelligence
espionage
Published: December 10, 2011
december 2011 by jerryking
Supercar makers chase China’s superrich | Wheels.ca
november 2011 by jerryking
Nov 25 2011 | |KELVIN CHAN
AP BUSINESS WRITER
automobile
China
high_net_worth
automotive_industry
AP BUSINESS WRITER
november 2011 by jerryking
China's 'Princelings' Pose Issue for Party - WSJ.com
november 2011 by jerryking
NOVEMBER 26, 2011 | WSJ | By JEREMY PAGE
Children of the Revolution
China's 'princelings,' the offspring of the communist party elite, are embracing the trappings of wealth and privilege—raising uncomfortable questions for their elders.
princelings
China
nepotism
Children of the Revolution
China's 'princelings,' the offspring of the communist party elite, are embracing the trappings of wealth and privilege—raising uncomfortable questions for their elders.
november 2011 by jerryking
Chinese investors want to be wanted in Canada - The Globe and Mail
november 2011 by jerryking
carolynne wheeler
BEIJING— Globe and Mail Blog
Posted on Wednesday, November 23, 2011
China
investors
BEIJING— Globe and Mail Blog
Posted on Wednesday, November 23, 2011
november 2011 by jerryking
How China Can Defeat America - NYTimes.com
november 2011 by jerryking
November 20, 2011 | NYT| By YAN XUETONG, who is the author of “Ancient Chinese Thought, Modern Chinese Power,” is a professor of political science and dean of the Institute of Modern International Relations at Tsinghua University....The pre-Qin period of Chinese history-- before China was unified as an empire more than 2,000 years ago — was a world in which small countries were competing ruthlessly for territorial advantage. It was perhaps the greatest period for Chinese thought, and several schools--ancient Chinese political theorists like Guanzi, Confucius, Xunzi and Mencius--competed for ideological supremacy and political influence. They converged on one crucial insight: The key to international influence was political power, and the central attribute of political power was morally informed leadership. Rulers who acted in accordance with moral norms whenever possible tended to win the race for leadership over the long term.
Confucian
Henry_Kissinger
soft_power
alliances
foreign_policy
values
China
China_rising
philosophy
political_theory
power
november 2011 by jerryking
China won’t be riding to the rescue any time soon - The Globe and Mail
november 2011 by jerryking
Doug Saunders | Columnist profile | E-mail
London— From Saturday's Globe and Mail
Published Saturday, Nov. 19, 2011
Doug_Saunders
China
London— From Saturday's Globe and Mail
Published Saturday, Nov. 19, 2011
november 2011 by jerryking
China's vanishing factory bosses - The Globe and Mail
november 2011 by jerryking
MARK MACKINNON
WENZHOU, CHINA— From Saturday's Globe and Mail
Published Saturday, Nov. 05, 2011
China
Mark_MacKinnon
mismanagement
corruption
WENZHOU, CHINA— From Saturday's Globe and Mail
Published Saturday, Nov. 05, 2011
november 2011 by jerryking
US-China Today: China Considers Armed Mekong Patrols
november 2011 by jerryking
Brian Spegele and Eric Bellman, The Wall Street Journal, November 10, 2011
China
China_rising
piracy
Thailand
november 2011 by jerryking
A New Era of Gunboat Diplomacy - NYTimes.com
november 2011 by jerryking
By MARK LANDLER
Published: November 12, 2011
For all its echoes of the 1800s, not to mention the cold war, the showdown in the South China Sea augurs a new type of maritime conflict — one that is playing out from the Mediterranean Sea to the Arctic Ocean, where fuel-hungry economic powers, newly accessible undersea energy riches and even changes in the earth’s climate are conspiring to create a 21st-century contest for the seas.
China is not alone in its maritime ambitions. Turkey has clashed with Cyprus and stoked tensions with Greece and Israel over natural-gas fields that lie under the eastern Mediterranean. Several powers, including Russia, Canada and the United States, are eagerly circling the Arctic, where melting polar ice is opening up new shipping routes and the tantalizing possibility of vast oil and gas deposits beneath.
“This hunt for resources is going to consume large bodies of water around the world for at least the next couple of decades,
pacific
Artic
maritime
diplomacy
China
Published: November 12, 2011
For all its echoes of the 1800s, not to mention the cold war, the showdown in the South China Sea augurs a new type of maritime conflict — one that is playing out from the Mediterranean Sea to the Arctic Ocean, where fuel-hungry economic powers, newly accessible undersea energy riches and even changes in the earth’s climate are conspiring to create a 21st-century contest for the seas.
China is not alone in its maritime ambitions. Turkey has clashed with Cyprus and stoked tensions with Greece and Israel over natural-gas fields that lie under the eastern Mediterranean. Several powers, including Russia, Canada and the United States, are eagerly circling the Arctic, where melting polar ice is opening up new shipping routes and the tantalizing possibility of vast oil and gas deposits beneath.
“This hunt for resources is going to consume large bodies of water around the world for at least the next couple of decades,
november 2011 by jerryking
John Ivison: Harper may let Canada’s spy service conduct foreign espionage | Full Comment | National Post
november 2011 by jerryking
John Ivison Nov 6, 2011 – 9:57 PM ET | Last Updated: Nov 7, 2011As the Harper government prepares to re-introduce the anti-terrorism measures that were allowed to lapse because of opposition concerns about privacy and Charter rights, there are whispers Conservative plans to expand the role of Canada’s spy service to operate overseas are being dusted off.
security_&_intelligence
Canada
CSIS
China
espionage
november 2011 by jerryking
Destination U.S.A. - WSJ.com
november 2011 by jerryking
JANUARY 3, 2005 | WSJ | By ARTHUR B. LAFFER
international_trade
trade
trade_policy
yuan
China
november 2011 by jerryking
Tracking China's Consumers - WSJ.com
november 2011 by jerryking
MARCH 2, 2004 | WSJ | By KATHY CHEN and JAMES T. AREDDY.
Soaring Personal Debt Triggers Need for Credit-Check System.
With Chinese rushing in ever-greater numbers to buy on credit, banks and businesses are making their own dash into the credit-reporting industry.
With loans available to purchase everything from cars to homes to computers to a college education, growth in consumer lending has kept to a pace of about 50% in each of the past two years, far faster than the annual rise in total bank lending. In 2003, personal-credit lending totaled 1.56 trillion yuan, ($188.5 billion) more than 4.5 times the 2000 level. International companies are seeking to get in: China recently gave initial approval for General Motors Corp. and two other multinationals to offer auto financing, while credit-card giants such as Visa USA Inc. International and MasterCard International Inc. also are eyeing the market.
The problem is that without a national credit bureau or credit-check industry, lenders often know almost nothing about their borrowers. That has contributed to high default rates for both auto and student loans, now estimated to be as high as 30% in some areas of China, industry executives say....Now, some banks and companies are setting up their own credit-check systems, either for their own use or to sell to others.
consumer_credit
consumer_finance
China
credit
credit_cards
credit_management
credit_scoring
credit-analysis
credit-ratings
Soaring Personal Debt Triggers Need for Credit-Check System.
With Chinese rushing in ever-greater numbers to buy on credit, banks and businesses are making their own dash into the credit-reporting industry.
With loans available to purchase everything from cars to homes to computers to a college education, growth in consumer lending has kept to a pace of about 50% in each of the past two years, far faster than the annual rise in total bank lending. In 2003, personal-credit lending totaled 1.56 trillion yuan, ($188.5 billion) more than 4.5 times the 2000 level. International companies are seeking to get in: China recently gave initial approval for General Motors Corp. and two other multinationals to offer auto financing, while credit-card giants such as Visa USA Inc. International and MasterCard International Inc. also are eyeing the market.
The problem is that without a national credit bureau or credit-check industry, lenders often know almost nothing about their borrowers. That has contributed to high default rates for both auto and student loans, now estimated to be as high as 30% in some areas of China, industry executives say....Now, some banks and companies are setting up their own credit-check systems, either for their own use or to sell to others.
november 2011 by jerryking
U.S. Report Cites 'Persistent' Chinese, Russian Spying for Economic Gain - WSJ.com
november 2011 by jerryking
NOVEMBER 4, 2011 | WSJ| By SIOBHAN GORMAN
China Singled Out for Cyberspying
U.S. Intelligence Report Labels Chinese 'Most Active' in Economic Espionage; Russia Also Named.
"The nations of China and Russia, through their intelligence services and through their corporations, are attacking our research and development," said U.S. counterespionage chief Robert Bryant.
Mr. Bryant spoke at a rare public event Thursday to roll out the report by his staff at the Office of the National Counterintelligence Executive. The report focuses on spying primarily for commercial and economic purposes, as opposed to national security. "This is a national, long-term, strategic threat to the United States of America," he said. "This is an issue where failure is not an option."
Russia
China
espionage
industrial_espionage
security_&_intelligence
China Singled Out for Cyberspying
U.S. Intelligence Report Labels Chinese 'Most Active' in Economic Espionage; Russia Also Named.
"The nations of China and Russia, through their intelligence services and through their corporations, are attacking our research and development," said U.S. counterespionage chief Robert Bryant.
Mr. Bryant spoke at a rare public event Thursday to roll out the report by his staff at the Office of the National Counterintelligence Executive. The report focuses on spying primarily for commercial and economic purposes, as opposed to national security. "This is a national, long-term, strategic threat to the United States of America," he said. "This is an issue where failure is not an option."
november 2011 by jerryking
Art: The Rise And Rise Of Asian Art -- Printout -- TIME
november 2011 by jerryking
Mar. 31, 2003
Art: The Rise And Rise Of Asian Art
By Richard Lacayo;Chris Taylor/San Francisco
art
China
Asian
Art: The Rise And Rise Of Asian Art
By Richard Lacayo;Chris Taylor/San Francisco
november 2011 by jerryking
China Takes Aim at U.S. on Quality Control - WSJ.com
november 2011 by jerryking
OCTOBER 10, 2007
China Takes Aim at U.S. on Quality Control
Amid Criticism Over Recalls, Beijing Points to Defects In Exports From America
By NICHOLAS ZAMISKA
product_recalls
China
China Takes Aim at U.S. on Quality Control
Amid Criticism Over Recalls, Beijing Points to Defects In Exports From America
By NICHOLAS ZAMISKA
november 2011 by jerryking
"Toy Recalls – Is China Really the Problem?"
november 2011 by jerryking
September 2007 | www.asiapacific.ca | By Hari Bapuji and Paul W. Beamish
product_recalls
toys
China
Ivey
november 2011 by jerryking
IMG Scores a Sports Deal With China - WSJ.com
november 2011 by jerryking
JULY 31, 2008 | WSJ | By REBECCA BLUMENSTEIN, GEOFFREY A. FOWLER and MATTHEW FUTTERMAN
IMG Scores a Sports Deal With China
Pact With CCTV To Give Firm Right To Market Events
sports
China
IMG
IMG Scores a Sports Deal With China
Pact With CCTV To Give Firm Right To Market Events
november 2011 by jerryking
China's fevered bank IPOs could be making investors delirious - ProQuest
november 2011 by jerryking
Grimmer, Tom. The Globe and Mail [Toronto, Ont] 29 June 2005: .10.
China
banking
IPOs
november 2011 by jerryking
China should throw Europe a lifeline - The Globe and Mail
october 2011 by jerryking
WEI GU
Reuters Breakingviews
Published Thursday, Oct. 27, 2011
debt_crisis
Europe
China
Reuters Breakingviews
Published Thursday, Oct. 27, 2011
october 2011 by jerryking
Moving beyond that flat-world theory - The Globe and Mail
october 2011 by jerryking
May 2, 2011 | Globe and Mail | Harvey Schachter.
Declining global stability is real and the days of a stable world are gone. Mark Anderson, editor of the Strategic News Service, lays out 10 provocative pieces of advice.
Climate change is real
Global consumer explosion is on
Your company will lose money if you go to China
Don't try to serve both the consumer and enterprise technology markets
Innovation is a creative process
Protect intellectual property
The world is not flat
Be prepared for Chinese competitors
Manage for currency manipulation
flat_world
Harvey_Schachter
climate_change
BRIC
China
innovation
intellectual_property
Declining global stability is real and the days of a stable world are gone. Mark Anderson, editor of the Strategic News Service, lays out 10 provocative pieces of advice.
Climate change is real
Global consumer explosion is on
Your company will lose money if you go to China
Don't try to serve both the consumer and enterprise technology markets
Innovation is a creative process
Protect intellectual property
The world is not flat
Be prepared for Chinese competitors
Manage for currency manipulation
october 2011 by jerryking
China advisory panel: Insider guides | Travel |
october 2011 by jerryking
18 May 2009 | Wallpaper* Magazine| Bigger than Oprah, Yue-Sai Kan is a household name across China - with viewing figures that regularly hit the 300 million mark, Kan has been the perfectly preened face of Chinese televisual entertainment for the last 3 decades.
travel
China
profile
entrepreneur
october 2011 by jerryking
FT.com / UK - Can China handle threats to growth and stability?
october 2011 by jerryking
By Ian Bremmer
Published: March 20 2005
Ian_Bremmer
China
Published: March 20 2005
october 2011 by jerryking
Is the World's Hottest Market Starting to Wobble? Investors in China have recently earned one eye-popping return after another. But making money there won't be quite so simple in the years ahead. - April 1, 2004
october 2011 by jerryking
April 1, 2004 | Business 2.0 | By Carla A. Fried
Don't avoid China. But there's a strong case to be made for limiting your investment, and even for waiting awhile to get in. Here's why.
(1) THE PICTURE LOOKS ROSIER THAN IT REALLY IS.
(2) EVENTUALLY, THE HONEYMOON WILL END.
(3) WHERE THE SMART MONEY GOES.
China
bubbles
emerging_markets
risks
Don't avoid China. But there's a strong case to be made for limiting your investment, and even for waiting awhile to get in. Here's why.
(1) THE PICTURE LOOKS ROSIER THAN IT REALLY IS.
(2) EVENTUALLY, THE HONEYMOON WILL END.
(3) WHERE THE SMART MONEY GOES.
october 2011 by jerryking
ITCC Member Forum Articles
october 2011 by jerryking
by Ted C. Fishman, Inc Magazine
design
America
Taiwan
engineering
manufacturers
China
october 2011 by jerryking
Lost in Space | Hoover Institution
october 2011 by jerryking
January 25, 2007 | WSJ | by Bruce Berkowitz.
China
space
october 2011 by jerryking
Eight Ways China Affects Us |
october 2011 by jerryking
05/12/04 | Jubak Journal News | | Jim Jubak
Wal-Mart
China
october 2011 by jerryking
FROM MARX TO MARKET
october 2011 by jerryking
May 16, 2005 | Fortune Magazine | By CLAY CHANDLER
China
business_schools
Tsinghua_University
Colleges_&_Universities
october 2011 by jerryking
After Years Behind the Scenes, Chinese Join the Name Game - WSJ.com
october 2011 by jerryking
DECEMBER 26, 2003, 8:26 A.M. ET
After Years Behind the Scenes, Chinese Join the Name Game
Manufacturers Buy Rights To Famous Trademarks, Hoping for Fatter Margins.
The purchase by Chinese manufacturing companies of Western and other foreign brands signals an important shift in the supply chain forged during the past three decades between the West and Asia. While such deals so far aren't numerous, conditions are ripe for many more, pointing to what may well be the next major phase in China's industrial evolution. Instead of constantly trying to lower their production costs to increase margins, Chinese companies are now trying to capture brand value -- the ability to sell their products at a higher price directly to consumers who are willing to pay for a recognized label. If this trend continues, it means more dollars paid for brand-name products will wind up in China.
By GABRIEL KAHN | Staff Reporter of THE WALL STREET JOURNAL
trademarks
brands
branding
Chinese
manufacturers
China
After Years Behind the Scenes, Chinese Join the Name Game
Manufacturers Buy Rights To Famous Trademarks, Hoping for Fatter Margins.
The purchase by Chinese manufacturing companies of Western and other foreign brands signals an important shift in the supply chain forged during the past three decades between the West and Asia. While such deals so far aren't numerous, conditions are ripe for many more, pointing to what may well be the next major phase in China's industrial evolution. Instead of constantly trying to lower their production costs to increase margins, Chinese companies are now trying to capture brand value -- the ability to sell their products at a higher price directly to consumers who are willing to pay for a recognized label. If this trend continues, it means more dollars paid for brand-name products will wind up in China.
By GABRIEL KAHN | Staff Reporter of THE WALL STREET JOURNAL
october 2011 by jerryking
Why China Wants to Scoop Up Your Company - June 1, 2005
october 2011 by jerryking
June 1, 2005 | Business 2.0 | By Paul Kaihla.
The prime targets? American brands and manufacturers, as well as distributors that peddle Chinese goods. "The Chinese want to cut out the middleman by buying him," says John Rogers, a Chicago lawyer and investment banker who last year formed the MidWest U.S.-China Association to play matchmaker. One manufacturer on the prowl is Chenghai Yongjia Enterprises, a Guangdong-based industrial group whose construction tools are sold at Home Depot. Last year the company enlisted Anita Tang, a Chicago consultant and China expert, to help it find a distributor. "They went into a Home Depot and nearly fainted," Tang recalls. "The tools were priced 10 times higher than what they were paid for them." Because prices tend to double every time goods change hands, the firm could fatten its margins dramatically by buying a middleman.
China
Chinese
mergers_&_acquisitions
M&A
America
manufacturers
branding
The prime targets? American brands and manufacturers, as well as distributors that peddle Chinese goods. "The Chinese want to cut out the middleman by buying him," says John Rogers, a Chicago lawyer and investment banker who last year formed the MidWest U.S.-China Association to play matchmaker. One manufacturer on the prowl is Chenghai Yongjia Enterprises, a Guangdong-based industrial group whose construction tools are sold at Home Depot. Last year the company enlisted Anita Tang, a Chicago consultant and China expert, to help it find a distributor. "They went into a Home Depot and nearly fainted," Tang recalls. "The tools were priced 10 times higher than what they were paid for them." Because prices tend to double every time goods change hands, the firm could fatten its margins dramatically by buying a middleman.
october 2011 by jerryking
How China Will Change Your Business, Foreign Expansion Article -
october 2011 by jerryking
Mar 1, 2005 | Inc. Magazine|By Ted C. Fishman.
China
Chinese
China_rising
Ted_Fishman
America
business
competition
october 2011 by jerryking
Some investors finding China full of fool's gold
october 2011 by jerryking
24 June 2005 |The Globe & Mail pg 10 | Geoffrey York.
"Despite all the evidence that only the tiniest minority strikes it rich in the Chinese domestic market, there is never any shortage of corporate gamblers," Joe Studwell (editor-in-chief of the China Economic Quarterly) writes in his book The China Dream , which tackles the age-old myth that China's vast population is a paradise for investors.
"For 700 years, ever since outsiders first started writing about the place, the Western world has believed that there are untold riches to be garnered in China," he says. "No nation in history has ever been promoted as a surer bet for investment returns. Yet history also teaches that time and again China has failed to fulfill the promise that foreigners ascribe to her."
John Gruetzner, a Canadian business consultant in Beijing, believes that investors can still make money in China, but they need intelligent research and planning.
"A portion of Canadian investors think you can fly in and pick some cherries and leave," he says. "That might have been okay in the 1980s and early 1990s, but now you need a high level of representation, just as you would in Buffalo or Ottawa or Paris."
The China dream is an alluring one. China today is attracting more foreign investment than any other country in the world. A record $61-billion was invested in China by foreign firms last year, and a staggering total of $570-billion has been invested since 1980. Of the world's top 500 multinational corporations, more than 400 have invested in China. Everyone seems to believe you have to be in China.
Yet the actual level of profits in China is surprisingly small. A survey last year by the China Economic Quarterly found that the affiliates of U.S. companies earned only $8.2-billion in profits in China in 2003. By comparison, they earned $7.1-billion in profits in Australia and $14.3-billion in Mexico -- two countries with far smaller populations and much less hype than China.
Joe Studwell, editor-in-chief of the China Economic Quarterly, says the profits in China have been concentrated in a small handful of foreign companies, including fast-food chains (which face no competition from state interests) and telecommunications firms (which he says were the recipients of "lucky breaks" by gaining entry to heavily regulated industries).
Geoffrey_York
China
ProQuest
risks
investing
dairy
corruption
piracy
rules_of_law
"Despite all the evidence that only the tiniest minority strikes it rich in the Chinese domestic market, there is never any shortage of corporate gamblers," Joe Studwell (editor-in-chief of the China Economic Quarterly) writes in his book The China Dream , which tackles the age-old myth that China's vast population is a paradise for investors.
"For 700 years, ever since outsiders first started writing about the place, the Western world has believed that there are untold riches to be garnered in China," he says. "No nation in history has ever been promoted as a surer bet for investment returns. Yet history also teaches that time and again China has failed to fulfill the promise that foreigners ascribe to her."
John Gruetzner, a Canadian business consultant in Beijing, believes that investors can still make money in China, but they need intelligent research and planning.
"A portion of Canadian investors think you can fly in and pick some cherries and leave," he says. "That might have been okay in the 1980s and early 1990s, but now you need a high level of representation, just as you would in Buffalo or Ottawa or Paris."
The China dream is an alluring one. China today is attracting more foreign investment than any other country in the world. A record $61-billion was invested in China by foreign firms last year, and a staggering total of $570-billion has been invested since 1980. Of the world's top 500 multinational corporations, more than 400 have invested in China. Everyone seems to believe you have to be in China.
Yet the actual level of profits in China is surprisingly small. A survey last year by the China Economic Quarterly found that the affiliates of U.S. companies earned only $8.2-billion in profits in China in 2003. By comparison, they earned $7.1-billion in profits in Australia and $14.3-billion in Mexico -- two countries with far smaller populations and much less hype than China.
Joe Studwell, editor-in-chief of the China Economic Quarterly, says the profits in China have been concentrated in a small handful of foreign companies, including fast-food chains (which face no competition from state interests) and telecommunications firms (which he says were the recipients of "lucky breaks" by gaining entry to heavily regulated industries).
october 2011 by jerryking
related tags
21st._century ⊕ adaptability ⊕ ADM ⊕ advertising ⊕ advertising_agencies ⊕ advice ⊕ aerospace ⊕ Afghanistan ⊕ Africa ⊕ agriculture ⊕ Alan_Greenspan ⊕ Alibaba ⊕ alliances ⊕ alternative_energy ⊕ alumni ⊕ Amazon ⊕ ambitions ⊕ America ⊕ America_in_Decline? ⊕ analysis ⊕ Andy_Grove ⊕ Anya_Kamenetz ⊕ apparel ⊕ Apple ⊕ appliances ⊕ Applied_Materials ⊕ Arab-Muslim_world ⊕ Arab_Spring ⊕ arms_race ⊕ art ⊕ Artic ⊕ ASEAN ⊕ Asean ⊕ Asia ⊕ Asian ⊕ Asia_Pacific ⊕ athletes_&_athletics ⊕ Audi ⊕ Australia ⊕ automobile ⊕ automotive_industry ⊕ avatars ⊕ aviation ⊕ avionics ⊕ Avner_Mandelman ⊕ Baidu ⊕ Bain ⊕ balance_of_power ⊕ Bali ⊕ banking ⊕ banks ⊕ Barclays ⊕ basketball ⊕ batteries ⊕ Beijing ⊕ Ben_Worthen ⊕ Better_Place ⊕ beverages ⊕ Bharti ⊕ blogs ⊕ BMW ⊕ books ⊕ book_reviews ⊕ bottlenecks ⊕ Bo_Xilai ⊕ branding ⊕ brands ⊕ Brazil ⊕ Brent_Scowcroft ⊕ Bret_Stephens ⊕ BRIC ⊕ bubbles ⊕ builders ⊕ business ⊕ business-government_relations ⊕ business_schools ⊕ buying_group ⊕ C.K._Prahalad ⊕ California ⊕ Cambodia ⊕ Canada ⊕ Canadian ⊕ capabilities ⊕ capitalism ⊕ capital_punishment ⊕ Cargill ⊕ cartels ⊕ Caterpillar ⊕ cattle ⊕ CBC ⊕ CBC_Radio ⊕ censorship ⊕ CEOs ⊕ CFO ⊕ chauvinism ⊕ chess ⊕ china ⊖ China_rising ⊕ Chinese ⊕ Chinese_Communist ⊕ Chongqing ⊕ Chrystia_Freeland ⊕ cities ⊕ Citigroup ⊕ citizenship ⊕ cleantech ⊕ climate_change ⊕ clothing ⊕ clout ⊕ Colleges_&_Universities ⊕ command-and-control ⊕ commodities ⊕ comparative_advantages ⊕ competition ⊕ competitiveness_of_nations ⊕ competitive_advantage ⊕ competitive_strategy ⊕ computer_networks ⊕ computer_viruses ⊕ Confucian ⊕ Congo ⊕ consumer_credit ⊕ consumer_finance ⊕ consumer_goods ⊕ consumer_research ⊕ contingency_planning ⊕ contrarians ⊕ copper ⊕ copycats ⊕ copyright ⊕ corruption ⊕ cosmetics ⊕ counterfeits ⊕ counterintuitive ⊕ courtroom_process ⊕ covert_operations ⊕ creativity ⊕ credit ⊕ credit-analysis ⊕ credit-ratings ⊕ credit_cards ⊕ credit_management ⊕ credit_scoring ⊕ crisis ⊕ critical_thinking ⊕ cross-cultural ⊕ cross-pollination ⊕ crossborder ⊕ CSIS ⊕ Cummins ⊕ currencies ⊕ cyber_security ⊕ cyber_warfare ⊕ dairy ⊕ Dana_Mattioli ⊕ Daniel_Pink ⊕ Danone ⊕ David_Brooks ⊕ David_Wessel ⊕ deaths ⊕ debt ⊕ debt_crisis ⊕ demographic_changes ⊕ desalination ⊕ design ⊕ development ⊕ Diaspora ⊕ digital_economy ⊕ digital_media ⊕ diplomacy ⊕ disillusionment ⊕ disintermediation ⊕ disruption ⊕ dissent ⊕ diversification ⊕ Donald_Sull ⊕ doubt ⊕ Doug_Saunders ⊕ Dow_Chemical ⊕ due_diligence ⊕ e-commerce ⊕ e-mail ⊕ East_Asia ⊕ eavesdropping ⊕ eBay ⊕ economic ⊕ economics ⊕ economic_development ⊕ economic_nationalism ⊕ economy ⊕ editorial ⊕ editorials ⊕ education ⊕ Edward_Greenspon ⊕ Egypt ⊕ elections ⊕ electric ⊕ electric_cars ⊕ Embraer ⊕ emerging_markets ⊕ Emily_Steel ⊕ energy ⊕ engineering ⊕ entrepreneur ⊕ entrepreneurship ⊕ environment ⊕ epidemics ⊕ Eric_Reguly ⊕ escalators ⊕ espionage ⊕ Europe ⊕ exceptionalism ⊕ exits ⊕ expatriates ⊕ exploitation ⊕ exporting ⊕ Facebook ⊕ failed_states ⊕ faith ⊕ Fareed_Zakaria ⊕ farming ⊕ farmland ⊕ fashion ⊕ FDI ⊕ fiction ⊕ filetype:pdf ⊕ financial_planning ⊕ financial_services ⊕ flat_world ⊕ flu_outbreaks ⊕ food ⊕ food_crops ⊕ foreign_aid ⊕ foreign_policy ⊕ Foxconn ⊕ Frank_Chin ⊕ free_markets ⊕ friendships ⊕ future ⊕ Gadi_Prager ⊕ game-changing ⊕ games ⊕ Gary_Becker ⊕ GE ⊕ Geoffrey_York ⊕ geopolitics ⊕ Gerald_Seib ⊕ global ⊕ globalization ⊕ Go ⊕ gold ⊕ google ⊕ Gordon_Pitts ⊕ government ⊕ GPS ⊕ green ⊕ guanxi ⊕ H1N1 ⊕ hackers ⊕ Haier ⊕ Harley-Davidson ⊕ Harry_Rosen ⊕ Harvard ⊕ Harvey_Schachter ⊕ HBR ⊕ health_foods ⊕ Henry_Kissinger ⊕ Henry_Mintzberg ⊕ high_net_worth ⊕ Hillary_Clinton ⊕ history ⊕ Holman_Jenkins ⊕ Hong_Kong ⊕ hotels ⊕ housing ⊕ howto ⊕ HSBC ⊕ Huawei ⊕ hubris ⊕ humanities ⊕ Hu_Jintao ⊕ Ian_Bremmer ⊕ IBM ⊕ ideas ⊕ idea_generation ⊕ ideo ⊕ Ikea ⊕ IMG ⊕ immigrants ⊕ immigration ⊕ imperialism ⊕ India ⊕ indigenous ⊕ Indonesia ⊕ industrial_espionage ⊕ Industrial_Internet ⊕ industrial_policies ⊕ infants ⊕ Infosys ⊕ infrastructure ⊕ inland ⊕ innovation ⊕ institutions ⊕ Intel ⊕ intellectual_property ⊕ interdisciplinary ⊕ intermediaries ⊕ internal_migration ⊕ international_trade ⊕ introspection ⊕ investing ⊕ investments ⊕ investors ⊕ IPOs ⊕ iron ⊕ ISI ⊕ isolationism ⊕ Israel ⊕ Ivey ⊕ J.P._Morgan_Chase ⊕ James_Fallows ⊕ Japan ⊕ Jeffrey_Immelt ⊕ Jessica_E._Vascellaro ⊕ Jim_Rogers ⊕ job_creation ⊕ John_Ibbitson ⊕ John_Kao ⊕ joint_ventures ⊕ Kenya ⊕ Kissinger_Associates ⊕ Kraft ⊕ ksfs ⊕ KSG ⊕ L._Gordon_Crovtiz ⊕ labor ⊕ labour ⊕ languages ⊕ Laos ⊕ Larry_Summers ⊕ law ⊕ LDCs ⊕ leadership ⊕ leadership_development ⊕ Lee_Kuan_Kew ⊕ Lenovo ⊕ lessons_learned ⊕ letters_to_the_editor ⊕ lists ⊕ Loblaws ⊕ local ⊕ localization ⊕ logistics ⊕ Lundin ⊕ luxury ⊕ M&A ⊕ Macao ⊕ malware ⊕ Mandarin ⊕ mandarins ⊕ manufacturers ⊕ Manulife ⊕ Marina_Strauss ⊕ maritime ⊕ marketing ⊕ markets ⊕ market_entry ⊕ market_research ⊕ Mark_Helprin ⊕ Mark_MacKinnon ⊕ Martin_Sorrell ⊕ Martin_Wolf ⊕ McKinsey ⊕ media:document ⊕ mercantilism ⊕ mergers_&_acquisitions ⊕ Microsoft ⊕ middle_class ⊕ Middle_East ⊕ military ⊕ mining ⊕ mismanagement ⊕ mobile_phones ⊕ moguls ⊕ motivations ⊕ motorcycles ⊕ MTV ⊕ multinationals ⊕ Myanmar ⊕ mydata ⊕ myths ⊕ narcissism ⊕ natural_calamities ⊕ natural_resources ⊕ neocolonialism ⊕ nepotism ⊕ Nestlé ⊕ networks ⊕ neurosciences ⊕ New_York_City ⊕ Niall_Ferguson ⊕ Nicholas_Kristof ⊕ Norman_Spector ⊕ Northwood ⊕ North_Korea ⊕ novel ⊕ NSA ⊕ NSC ⊕ offshoring ⊕ Ogilvy_&_Mather ⊕ oil_industry ⊕ Omar_el_Akkad ⊕ online_advertising ⊕ online_marketing ⊕ Ontario ⊕ opacity ⊕ opinion_polls ⊕ opportunities ⊕ outsourcing ⊕ overseas_Chinese ⊕ Oxford ⊕ pacific ⊕ PACOM ⊕ Paco_Underhill ⊕ Pakistan ⊕ Party ⊕ passports ⊕ patents ⊕ patent_law ⊕ patterns ⊕ pattern_recognition ⊕ Paul_Krugman ⊕ Paul_Waldie ⊕ pecans ⊕ Pentagon ⊕ Pepsi ⊕ personal_branding ⊕ personal_finance ⊕ petro-politics ⊕ Pfizer ⊕ Philippines ⊕ philosophy ⊕ phishing ⊕ pilfering ⊕ piracy ⊕ PLA ⊕ plastic ⊕ policy ⊕ Politburo_Standing ⊕ politicaleconomy ⊕ political_theory ⊕ politics ⊕ Porsche ⊕ power ⊕ predatory_practices ⊕ princelings ⊕ private_banking ⊕ private_equity ⊕ private_labels ⊕ product_quality ⊕ product_recalls ⊕ product_safety ⊕ professional_service_firms ⊕ profile ⊕ propaganda ⊕ propoganda ⊕ ProQuest ⊕ protectionism ⊕ Publicis ⊕ publicity ⊕ public_relations ⊕ publishing ⊕ purchasing ⊕ quizzics ⊕ Ram_Charam ⊕ rare_earth_metals ⊕ raw_materials ⊕ realpolitik ⊕ real_estate ⊕ recycling ⊕ relationships ⊕ renewable ⊕ rentals ⊕ reputation ⊕ research ⊕ resources ⊕ restrictions ⊕ retailers ⊕ retailing ⊕ reverse_innovation ⊕ revolution ⊕ Richard_Florida ⊕ risk ⊕ risk-management ⊕ risks ⊕ Robert_Gates ⊕ Robert_Kaplan ⊕ Rolls_Royce ⊕ rules_of_law ⊕ rules_of_the_game ⊕ Russia ⊕ SARS ⊕ scaling ⊕ scandals ⊕ scarcity ⊕ scenario-planning ⊕ scenarios ⊕ schools ⊕ ScotiaBank ⊕ security ⊕ security_&_intelligence ⊕ self-discipline ⊕ self-improvement ⊕ sensors ⊕ SEO ⊕ Sergey_Brin ⊕ Seychelles ⊕ Shanghai ⊕ shipbuilding ⊕ shoes ⊕ silicon_valley ⊕ Simon_Avery ⊕ Singapore ⊕ skills_training ⊕ small_business ⊕ smart_grid ⊕ social_media ⊕ social_networking ⊕ SOEs ⊕ soft_power ⊕ solar ⊕ South-South ⊕ Southeast_Asia ⊕ South_Africa ⊕ South_Korea ⊕ sovereign_wealth_funds ⊕ space ⊕ sports ⊕ sportswear ⊕ Sri_Lanka ⊕ start_ups ⊕ statesmen ⊕ state_capitalism ⊕ state_secrets ⊕ Stephen_Harper ⊕ Steve_Ballmer ⊕ Steve_Ladurantaye ⊕ Steve_Lohr ⊕ stockmarkets ⊕ stocks ⊕ strategic_thinking ⊕ strategies ⊕ strategy ⊕ students ⊕ subsidy ⊕ succession ⊕ Suez ⊕ Suharto ⊕ supply_chains ⊕ surveillance ⊕ sustainability ⊕ swimming ⊕ Taiwan ⊕ talent_management ⊕ Tamil_Tigers ⊕ technology_transfers ⊕ tech_transfer ⊕ Ted_Fishman ⊕ Tencent ⊕ Thailand ⊕ things_to_do ⊕ Thomas_Barnett ⊕ Tibet ⊕ Tim_Cook ⊕ Tom_Friedman ⊕ Toronto ⊕ tourism ⊕ toys ⊕ TPL ⊕ trade ⊕ trademarks ⊕ trade_policy ⊕ trade_secrets ⊕ travel ⊕ trends ⊕ truth_telling ⊕ Tsinghua_University ⊕ U.S. ⊕ U.S.foreign_policy ⊕ U.S._military ⊕ U.S._Navy ⊕ UBS ⊕ uncertainty ⊕ unilever ⊕ United_Kingdom ⊕ uprisings ⊕ urban ⊕ USMC ⊕ uToronto ⊕ values ⊕ value_creation ⊕ Vancouver ⊕ vehicles ⊕ venture_capital ⊕ Veolia ⊕ Vietnam ⊕ Vijay_Govindrajan ⊕ violations ⊕ viruses ⊕ Vivek_Wadhwa ⊕ Wahaha ⊕ Wal-Mart ⊕ war ⊕ wastewater-treatment ⊕ water ⊕ web_video ⊕ wellness ⊕ white_goods ⊕ WikiLeaks ⊕ Wikipedia ⊕ wind_power ⊕ wines ⊕ wiretaps ⊕ women ⊕ wood_products ⊕ work_stoppages ⊕ WPP ⊕ WTO ⊕ Xinhua ⊕ Xi_Jinping ⊕ Xi’an ⊕ yuan ⊕ Yum!_Brands ⊕ Zambia ⊕ Zbigniew_Brzezinski ⊕ Zimbabwe ⊕ ZTE ⊕ _Committee ⊕Copy this bookmark: