» 2006 » June| China Business Blog

Archive for June, 2006

Sourcing Savings in China

Wednesday, June 28th, 2006

As noted in yesterday’s post, foreign companies account for 58.3 percent of Chinese exports, and the flow of businesses setting up manufacturing or sourcing operations in China continues to expand as they seek cost savings in order to remains competitive. But, according to a report from McKinsey and the American Chamber of Commerce (via an […]

China’s Latest Import: Senior Management

Tuesday, June 27th, 2006

There was a time (not very long ago) when Chinese companies would rarely be found employing highly-paid foreign managers. However, there is an increasing demand (see “Talent Squeeze, Bottom and Top”), and a couple of recent reports may amount to the start of a new trend in recruitment. In moves designed to modernise management, attract […]

Chinese Trade is Mostly Foreign

Tuesday, June 27th, 2006

A lot of people constantly complain about the impact of “Chinese” exports, and especially the trade surplus (see latest news here) but have little understanding of just how “Chinese” they really are (those pesky definitions again!). It has been clear from a long time (i.e. since foreign investors were invited into China to manufacture products […]

Trade Surplus Still Looms Large

Monday, June 26th, 2006

The Ministry of Commerce has reported that the trade surplus is running ahead of projections, despite official hopes for “more balanced trade”. The surplus in the first four months of the year was reported by Forbes to be US$33.75 billion, up a whopping 61.4 percent on the same period last year. No doubt teeth are […]

Retail’s Middle Market Hits the Middle Kingdom

Monday, June 26th, 2006

Just the other day I posted about continued strong retail sales, and the high-end department stores that are being developed for the consumer elite in China (see “What’s in Store in the Luxury Department?”) . At the same time China Law Blog picked up an interesting Wall Street Journal article on the middle-market consumers (see […]

Villains, Villas and Mistresses. Corruption in China

Friday, June 23rd, 2006

Corruption is often raised in discussions about doing business in China, and a couple of recent stories have brought the issue into focus… • Vice-mayor of Beijing (in charge of Olympic construction), Liu Zhihua, was arrested earlier this month for corruption and for leading a “decadent lifestyle” (the usual mistresses, luxury villas etc.). It was […]

Bookshelf

Friday, June 23rd, 2006

Books on China are everywhere – and some of them make good reading. Ones that have recently appeared on my shelf, and that deserve recommendation, include: “China CEO” (Juan Antonio Fernandez and Laurie Underwood of the China-Europe International Business School in Shanghai). Interviews with big company CEOs about business issues. “China Shakes the World. The […]

China CEOs Get Brand Savvy

Wednesday, June 21st, 2006

I have covered the luxury retail market in my last post (“What’s in Store in the Luxury Department?”). But what do China’s wealthy elite want to buy when they go into one of these new department stores? Some of the answers have been provided by Chief Executive magazine (see details here or the online version) […]

What’s in Store in the Luxury Department?

Wednesday, June 21st, 2006

Retail is on the rise again. Bloomberg reports that: “China’s retail sales rose at the fastest pace in 17 months in May as increasing incomes spurred spending on cars, furniture and electronics…Sales jumped 14.2 percent to 617.6 billion yuan ($77.1 billion) after climbing 13.6 percent in April, [according to] the Beijing-based National Bureau of Statistics”. […]

Viagra IPR Case Goes Another Round

Monday, June 19th, 2006

I posted recently about the fact that a Beijing Court had supported Pfizer’s battle to protect its patent for Viagra in China (“Viagra’s IPR Battle Just Keeps on Going”). That move was seen as “landmark ruling” for IPR protection in China, but it was never likely to be the end of the story. Now it […]