Private Sector Increased Hope For The US Economy By Hiring Too Many People
(Sep 3)
The rate of people hired in the private sector in the month of August raised the hopes of the US economy, which at present is quite unstable. To be precise, 67,000 people were employed in a single mon...
How Risky Is China?
(Sep 2)
Excellent post by Rich Brubaker of the All Roads Lead to China blog on his discussion with
Neal Beatty entitled, "
Identifying, Measuring, and Taking Action on the Risks of China." It is the kind of post every company doing business in or even with China should read.
The post sets out an amazingly comprehensive (yet blissfully concise) list of risks businesses face in China:
Compliance & integrity issues: internal fraud (kickbacks and conflicts of interest are most common)
Corruption & Graft: recognized by the government in Beijing as a serious issue in China. And now an increasingly serious issue in the US and UK with the growing impact of anti-corruption laws.
IP issues - counterfeiting, internal theft of critical information, and the protection of your trade secrets are major issues
Business partners: Who really is your prospective JV partner? How did they accumulate their wealth? Does your partner or key staff have undeclared family or business connections to a competitor or s...
Twenty Six
(Sep 2)
I turned twenty-six a couple of weeks ago and find myself at a bit of a crossroads – as the saying goes, every beginning has an end and every end is a new beginning, but it’s not always clear which way to turn when faced with life-changing decisions. I don’t usually get introspective here but [...] Other possibly related posts you might enjoy:
CNY2006 This year there were some fairly substantial celebrations organised for...
Things That Interest Me To get a sense of what you want to do...
Tubular Mish-Mash Excuse the lack of updates again, life is squeezing every...
Eight China Business Travel Tips.
(Sep 1)
The Dragon Business Network Blog did a post, entitled, "
7 Tips for Business Travel to China." Believing both that one was missing and that
eight is a lucky number, I added one more.
Here are the original seven:
Bring an unlocked mobile phone
Take taxis everywhere
Use Mguanxi to get around the city
Program 962288 into your phone, in Shanghai
Register with Ctrip
Know that some hotels cater to the domestic market, not foreigners
Treat yourself to a tailor-made suit
Is Ctrip necessarily better than elong?
For more on the seven, I urge you to read the full post
here.
And now for the eight tip. Enjoy yourself at least a bit. If at all possible, spend a few hours taking in some of the tourist sites. Walk around the city in which you find yourself. Enjoy the food. Get out of your hotel.
What else?
Congrats to Bayer
(Aug 31)
It may be a moderate success in terms of economic scale; nevertheless, Bayer AG's recent victory in a Chinese court over a firm that blatantly infringed Bayer's trade name sends a positive message.The Intermediate People's Court in Quzhou, Zhejiang province, reached a verdict earlier this month, charging Quzhou Baier Sunshine Building Materials Co. Ltd. trade name infringement and unfair competition. Baier was ordered to change its company name, make a public apology in a newspaper and pay a 200,000 yuan (US$29,378 or 23,171 Euros) fine.The Chinese characters for "Baier" look the same as Bayer's Chinese name.
Reports said the company was able to register the "Baier Sunshine" name because it was deemed a trade name as a whole. However, the company intentionally left out the "Sunshine" part in its product branding and marketing. Since Baier's products - plastic boards - are in the same category as those made and marketed by Bayer MaterialScience's Chinese subsidiary Bayer (Beijing) Sh...
Kaedar executive suspended on Apple investigation
(Aug 25)
Taiwanese-owned plastic supplier Kaedar Electronics Co. announced last week that an unnamed executive in Kunshan, Jiangsu province, had been suspended and investigated for alleged kickbacks to Apple Inc.Kaedar makes plastic casings for electronic products and has been supplying packaging containers for iPod since 2005.According to Kaedar's parent company Pegatron Corp., Kaedar paid kickbacks to a third party in order to gain business from Apple prior to its acquisition by Pegatron in late 2008.
REUNIFICATION WATCH: TAIWAN LEGISLATURE APPROVES ECFA
(Aug 19)
