Showing posts with label china business. Show all posts
Showing posts with label china business. Show all posts

Operation China: From Strategy to Execution Review

Operation China: From Strategy to Execution
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Operation China: From Strategy to Execution ReviewThere are a plethora of business books on China. Unfortunately, many of these are hopelessly out-of-date with the reality on the ground today, due to the breathtaking rate of change in China. In the midst of this burgeoning development, OPERATION CHINA provides a clear and comprehensive view of the decade ahead.
As a China-based executive for a large multinational corporation, I know firsthand the complex challenges facing businesses in China today. This book, more than any other in my experience, cuts through the confusion with concise, level-headed guidance that really makes sense. You can tell that the authors have deep and broad experience in China. Their assertions are backed-up with solid research and real world examples from a broad range of companies in China today. The book covers all aspects of doing business in China, with a balanced perspective and a well-organized presentation.
Increasingly, China is setting the standard for global business success and all businesses wishing to be global players will need to understand the key messages that this book reveals. Companies must bring their global best practices to China - and then step it up a notch in a China context - to succeed in China, and beyond. As explained in this book, China is providing a rapid learning environment and those that can adapt and evolve in this environment will emerge with a global advantage. OPERATION CHINA gives specific actionable strategies for everything from product development, manufacturing, and distribution, to government relations, talent development and M&A. It provides a thoughtful roadmap for business success in China.Operation China: From Strategy to Execution Overview

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China's Rise: Challenges and Opportunities Review

China's Rise: Challenges and Opportunities
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China's Rise: Challenges and Opportunities ReviewBergsten's book provides good insights into today's China. China has become a global economic power - second largest national economy, second largest exporter, largest foreign exchange reserves. Its real GDP in 2006 was about 13X that of 1978 when reforms began.
President Jiang Zemin's 2002 "Three Represents" (represent the majority and major components) allowed the formerly reviled entrepreneurs to join the CCP, co opting its rising middle class and intellectuals. The National People's Congress no longer rubber-stamps everything put before it by the State council - evidence includes protracted drafting of the Property Law, and 10% voting against Zemin staying as chair of the Central Military Committee. Recently there were 8% more candidates than slots, and the Minister of Health was not a CCP member.
The central government collects taxes nationwide, splitting the receipts about evenly with local governments. 'Growth at any cost' rules at the local level, creating environment problems; also the local governments don't get enough funding to cover all the central mandates. Local governments are responsible for appointing local officials and judges, along with their pay. Thus, local adherence to central mandates is sometimes half-hearted and frustrates U.S. personnel.
The spring of 1989 brought people into the streets in support student-led demonstrations - inflation and official profiteering were major concerns. Chinese corruption appears to have leveled out in the last 15 -years - now approximately at the same level as India, Mexico, Brazil, and better than the U.S.S.R. The most vulnerable areas involve real estate - state funds for real-estate loans, land seizures without proper payment. Bergsten believes this costs about 3-4%/year of GDP.
China's current aim is growth through increased domestic consumption. Benefits include reduced protectionist backlash, faster employment growth than more heavy industry (and faster income equalization), less capital intensive, and less harmful to the environment. Industry takes about 2/3 of China's energy; China has more heavy industry than Japan and India, and therefore greater pollution. Energy prices are controlled by the Chinese government.
It is now commonly recognized that no major international challenge can be met without China's assistance.China's Rise: Challenges and Opportunities Overview

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