Archive for June, 2007

Seminar: Alternatives to China

Monday, June 25th, 2007

The Asia Pacific Technology Network (APTN) is holding an event in London on 3 July, at which I will be speaking. Please see the details from the APTN website below: Alternatives to China: the case for other locations in Asia Conventional wisdom tells executives that their companies should have a “China + One” strategy, but […]

The Business Of Government & The Government Of Business

Sunday, June 24th, 2007

In recent years the Chinese government has done much to extract itself from business, to let its five-year plans become “programmes”, and to allow “socialist market” forces to have their way. However it still retains significant interests in strategic sectors, and in the largest state enterprises. It has also retained a strong regulatory role, and […]

Sizzling Summer Stats

Thursday, June 21st, 2007

Despite a variety of pronouncements and measures, there has been little sign that China’s economic growth is slowing down. The FT reports that: • Urban fixed-asset investment rose 25.9 percent in the first 5 months, year-on –year • The trade surplus rose over 80 percent • Industrial output was up 18.1 percent • The consumer […]

On(line) Connections

Thursday, June 21st, 2007

“Guanxi” is a special sort of relationship, that reaches the parts other mere “connections” cannot. However, regular connections can be pretty useful too, especially when they come nicely packaged in a chain, via people you know (and with whom you may have some guanxi). There are any number of online networks that help people access […]

China is Everywhere (in London)

Thursday, June 21st, 2007

Chinese products have been everywhere for some time, and Chinese companies are popping up from America to Africa, but (in London at any rate) the number of visits by government and business delegations is constantly increasing. In the last month alone, I have seen a huge delegation from Jiangsu (including a separate seminar with government […]

Export Tax Rebates Reformed

Wednesday, June 20th, 2007

China has announced (as was suggested last week) that it is cutting export tax rebates (again) from July 1st in the interests of more balanced international trade. The People’sDaily notes: “China’s Ministry of Finance said Tuesday that, starting July 1, the country would cut or eliminate export tax rebates for 2,831 commodities representing 37 percent […]

Made In China (With Risk)

Wednesday, June 20th, 2007

The “Made In China” tag has been seeing a transformation of late, and has been increasingly associated with added-value, quality products (see here and here). However, a spate of news stories ranging from child labour making licensed Olympic products (not to mention slave conditions in local brick kilns) to tainted export products, have served as […]

CV = Check & Verify

Friday, June 15th, 2007

While the FT reports a suggestion that “Your CV should make your closest friend gag but not vomit”, it also points to the case of Patrick Imbardelli, the chief executive of Intercontinental Hotels Group Asia-Pacific, who just “resigned” (as they like to say) after it was discovered he had claimed false academic qualifications. The issue […]

Taxing Times for China Trade

Friday, June 15th, 2007

What taxes the minds of politicians in many countries is the size of their trade deficit with China (forget the economic benefits of the trade for a minute). For the Chinese government it is the rate of economic growth, and overheating, that is of concern. So bring on some taxes to keep everyone (except the […]

The US & The RMB: From “Manipulated” to “Misaligned”

Wednesday, June 13th, 2007

The US Treasury Department is reported by Forbes to have “stopped short of labelling Beijing a currency manipulator, which could trigger sanctions under US law”. However, it did call for action as “a matter of international interest and responsibility, with critical implications for the smooth functioning of the world’s largest trading system and the adjustment […]