...9 -7 1 1 -0 1 0 REV: MARCH 6, 2012 DIEGO COMIN RICHARD H. K. VIETOR China “Unbalanced” We urgently need to transform the pattern of economic development,” pronounced Premier Wen Jiabao in March 2010. “We will work hard to put economic development on the track of endogenous growth, driven by innovation. — Premier Wen Jiabao, March 20101 Since the early 2000s, the success of China’s export-led growth strategy had been alienating major trade partners—especially Europe and the United States. By 2005, China’s trade surplus had reached $134 billion, of which $114 billion was with the United States alone. Foreign-invested firms accounted for more than half of this amount. 2 In the U.S., organized labor and various pundits and politicians increasingly blamed China for the loss of as many as 3.5 million manufacturing jobs.3 U.S. Senator Chuck Schumer (D-NY) became a leading voice calling for punitive tariffs if China did not allow its currency, the yuan, to appreciate.4 When China did allow the yuan to appreciate beginning in May 2005, the yuan grew by almost 21% over the next three years, from 8.3 to 6.8 yuan per dollar. However, in October 2008, China once again froze the exchange rate. By then, China's trade surplus with the United States had grown to $258 billion, while its overall current account surplus reached $426 billion. Although political complaints about China’s export-led growth model achieved limited traction, the global financial crisis brought the...
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...STUDY CHINA “UNBALANCED” In this case study, we will attempt to answer what measures China took in preparation for acceptance into the WTO and how it adjusted to its eventual admittance in December of 2001. We will also review some of the problems associated with China’s economic growth strategy. We will begin our analysis of these questions by examining China’s economy at the time of Deng Xiaoping’s accession to power in 1978 and the economic growth strategy he and his successor implemented which ultimately led China to ascension into the WTO. We will then review various conditions imposed upon China by the WTO and how China reacted to those changes and to what extent these lead to China’s current status and interaction with its principal economical partners .. We will conclude our analysis by outlining some of the problems associated with China’s growth strategy and the missing components that would be needed in order to become a free economy and to achieve sustainable growth in the future. During the time of Mao Zedong’s term in power, China was a communist state that had a closed economy, a population of just fewer than one billion and state-owned companies that were financially unsuccessful and a drain on the economy. The choice of economic systems is based on the belief that the system will bring the highest goods to the majority of the people, most of the time. Mao Zedong adopted a Chinese nationalist and anti-imperialist outlook with which he ruled China. In...
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...increasing awareness of their rights as consumers, it is claimed that doctor-patient interaction has moved from “an asymmetrical pattern in which patients regard doctors as the authority to a symmetrical one in which doctors and patients work as partners” (Tsai and Lu, 2001) Actually in mainland China, too much has been recently informed and reported about the complaints on the part of patients and about the physical attack and the legal cases sued against doctors and hospitals. Doctor-patient interaction has remain under-researched in the Chinese context. 2. Objective To examine asymmetrical verbal behavior and power relations of doctors and patients in the consultation room of Chinese medical institution, with focus on conversation openings and closings, questions and answers, interruptions, and topic control. 3. Research questions Whether and how asymmetry is interactively and locally produced through doctor-patient talk at the Chinese consultation room; How power is interactively and locally represented through asymmetrical doctor-patient conversation behavior; How this power-loaded asymmetry works for the Chinese medical institution. 4. Key terms Asymmetry: the unbalanced verbal behavior of participants in talk, with examples from the consultation room where doctors ask more questions than patients and from the classroom where teachers...
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...nineteenth century. China and India were two independent nations, so similar, but yet also so different. Their imperialists had motives over raw material, resources, and power. Their thoughts of imperialism were fixed more on controlling and taking, then making relations and building up the country. This inequality led for a struggle of freedom and independence. From the struggles, the culture and the people had been impacted greatly from the foreign influences. Industrialism was halted for India and thrived in China. From the coasts China to the riches of India, imperialism changed the countries vastly. Across India and China, imperialistic motives of the Europeans ranged from rare materials to the immense voltage of power, however how they forced upon these motives was different. These nations were both imperialized by great European powers. Furthermore, they both had Britain as a strong imperialist. In China, Britain wanted luxury goods, like silk and porcelain. Britain also looked at India for luxury goods. Gems, gold, indigo, and spices were just several of the lustful items. Different Europeans nations, ruled different parts of these nations. For India, Britain was the only critical imperialized. Unlike India, China had Britain, Germany, France, and Japan. Russia also had taken the chance to imperialize China at their weak point. After China’s Opium War in the 1800’s, western influence was crowded all around. Spheres of Influence began to form in China. India always had the...
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...the Roaring Dragon in South-west China: The demise of an International Management Contract Stephen Grainger1 University of Western Australia ‘guanxi neglect – neglecting opportunities to show respect towards guanxi relationships’ Abstract This paper introduces the concept of guanxi neglect through a case study that describes the takeover of a formerly Chinese managed hotel by a western based, international hotel management company. Specifically, it covers the cultural conflict that occurred for employees trying to adapt from the former Chinese relationship (guanxi) based planned methods of hotel management to that of the more market oriented, management company. Conclusions that are drawn highlight cultural characteristics and issues that companies taking over or approaching joint-ventures with SOEs, are advised to be aware of. In recent years, the hotel business environment in south-west China has undergone significant changes. China’s opening-up has encouraged an outbreak of new hotel construction and property speculation as companies and investors hope to cash in on the domestic and international exposure of the unique region. Prospects for growth in the number of tourists and investors visiting the region in the future were good. 1 Correspondence to: Stephen Grainger The University of Western Australia Perth, W.A., AUSTRALIA Email: sgranger@arts.uwa.edu.au Grainger, S., ‘Guanxi Neglect at the Roaring Dragon in South-west China: The Demise of an International...
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...countries have some trade in counterfeit goods, but some have become notorious for producing and exporting large quantities of fake goods. One of the largest is China. China is the world’s largest producer of counterfeit goods, and has the largest market for counterfeit goods. Counterfeiters employ between 3 million and 5 million people in China alone. Does this mean it is acceptable in behavior in Chinese culture for counterfeiting? What are the impact and cost to the China and the rest of the world? And what are the Chinese government and other countries doing to fight back against counterfeiting. These are all question I’m going to address throughout my research paper. Why is counterfeiting so wide spread throughout China? Counterfeiting is a problem with various causes. One reason is China’s traditional culture that has deep roots in the Chinese mind. With a relatively short history of intellectual property laws and an unbalanced enforcement system, has allowed the growing spread of counterfeiting. China has a population of more than 1.3 billion people, which is that largest in the world; it has 56 different nationalities with a highly diversified culture; and a history that dates back to 2100 BC with four different eras. Chinese culture does not allow for a monopoly. The culture that has dominated China for thousands of years is Confucianism. Confucianism is a code of conduct for life. This has had a tremendous impact on Chinese government, education, and attitudes...
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...have some trade in counterfeit goods, but some have become notorious for producing and exporting large quantities of fake goods. One of the largest is China. China is the world’s largest producer of counterfeit goods, and has the largest market for counterfeit goods. Counterfeiters employ between 3 million and 5 million people in China alone. Does this mean it is acceptable in behavior in Chinese culture for counterfeiting? What are the impact and cost to the China and the rest of the world? And what are the Chinese government and other countries doing to fight back against counterfeiting. These are all question I’m going to address throughout my research paper. Why is counterfeiting so wide spread throughout China? Counterfeiting is a problem with various causes. One reason is China’s traditional culture that has deep roots in the Chinese mind. With a relatively short history of intellectual property laws and an unbalanced enforcement system, has allowed the growing spread of counterfeiting. China has a population of more than 1.3 billion people, which is that largest in the world; it has 56 different nationalities with a highly diversified culture; and a history that dates back to 2100 BC with four different eras. Chinese culture does not allow for a monopoly. The culture that has dominated China for thousands of years is Confucianism. Confucianism is a code of conduct for life. This has had a tremendous impact on Chinese government, education...
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...opera. * More innovation should be injected into the performers’ clothes. * The combination with eastern instruments and western instruments may address the music styles issues. * Attempts should be made to use some English songs. * Other performance opportunities should be found more than the theatre. * Establishing some classes about Kunqu Opera may attract more Australians’ attention. Background to the project Kunqu Opera which belongs to one of the oldest Chinese Opera patterns is a historical and conventional performance style that associates with music, dance, drama, poetry and kung fu together. Evolved from Jiangsu Province during the late period of Yuan Dynasty (1271-1368), it soon spreads to other parts of China such as Sichuan, Guizhou and Guangdong Province and develops into a treasure of Chinese culture. Kunqu Opera has been awarded “Non-material World Cultural Heritage in...
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...bronze and the vase was covered with dragons and toads. A long medal pendulum hung inside the vase. On the outside it had eight dragon heads; each was mounted onto its sides. Each dragon had a ball in its mouth and the dragon’s head was mounted onto its side as well. The pendulum swung in the direction in which the earthquake occurred. The pendulum would strike a rod inside the vase, the rod would then knock a ball out of the dragon’s mouth, and then it would drop into the toads’ mouth. The direction, in which the earthquake was going, was the direction the ball would come out in. The Chinese needed this invention because China had experienced a lot of devastating earthquakes. The Chinese provided help to the victims of the earthquake if they were able to tell the direction that they should go with the supplies. During the time period of Ancient China, there...
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...mid-twenties, Sears switched its target focus from “only the farmer” to “both the farmer and city population”. The reason is that the low-income groups desired to buy the same goods as the middle and upper class. The country was becoming one big homogeneous market. And Sears noticed the trend and was aware of the consumer shopping habits, so they made changes accordingly. This strategy made me think of Starbucks in China. The consumer of Starbucks in America is almost for everyone, but in China, the target consumer is mostly for the wealthy upper and middle class. College students won’t pay 30 yuan for a cup of coffee because they can buy 6 bottles of CocaCola instead. Starbucks was really smart when they decided their target consumer in China. Since coffee is still not a common drink for Chinese, carrying a cup of expensive Starbucks is seen as a symbol of success or some little personal luxury for the middle class. Starbucks premium pricing strategy fits the market demand very well because the middle class and affluent consumers are growing, which means the market of Starbucks in China will be huge in...
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...CIS610-Foundations of Management Information Systems Case: Netflix Leading with Data: The Emergence of Data-Driven Video Question: What advice would you give to the CEO of Netflix? Ruohua Cui, Yang Cheng, Tien-Ni Kuo, Yitian Ren Digital distribution market is undoubtedly the future of the video rental industry. Netflix has already taken a good lead in it but must have fresh ideas to keep its advantage in the industry. Beating its competitors in the domestic market is important, however, Netflix should jump out of its own circle into a new market to gain the first mover advantage. Looking at the global market, China is a good choice for Netflix’s next station. Using the Porter’s Five Forces model, Netflix can examine its advantages and disadvantages see whether entering China is good choice: * Bargaining power of customers China has a growing economy with a large group of new middle-class, who are able and willing to consume on entertainment. Nowadays, Chinese usually watch films on free websites with a low picture quality and slow Internet speed. While the number of people watching films are increasing, the picture quality is becoming more important for the viewing experience. Providing a fast, flexible and high-quality service, Netflix can persuade many customers into its subscription model. * Bargaining power of suppliers: China’s film and TV show makers have been facing a major problem: plagiarizing (including unpaid online watching), which substantially...
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...Sabrin Zawahrah Professor Hamai English 101 1 July 2013 Fight Back Tradition, culture, respect and honor are the ideals that shape the Chinese civilization. Coming from a Chinese immigrant family whilst living an Americanized life, Kingston reveals the idea of gender being an important role in both cultures. In her story "No Name Woman" the author describes some of the gender roles and expectations both woman and men had to abide. Kingston uses a unique story told by her mother as an example. As she begins her article the author dives right into the story. Kingston retells only the information she is passed down secretly by her mother. Although the author is a Chinese-American she does not know the culture or what comes with it. To learn about the woman her aunt was, Kingston had to make due with her mother's words. The author begins to pick apart the story to find out just who her aunt was and what drove her to her demise. Because Kingston cannot ask about her unnamed aunt, she invents her own fantasies about why her aunt gave in to her forbidden passions. In the passage Kingston establishes realities between being a woman, displays the oppression of the male dominance the culture embodies, and the struggles that women have to go through to fight back against subjugation in all forms. To learn who her aunt was, Kingston must first learn what was the standard held by Chinese women at the time. From the beginning of "No Name Woman" the author depicts...
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...Singapore is the district that most of its Chinese residents that use Chinese language as a second language. And there must be some differences between the two Country’s Chinese Curriculum. But after several comparisons, the author found that there is no much difference between the two Countries of its general objective of Chinese Curriculum. They not only put more attentions on the language basic skills training but also lay stress on critical thinking/moral values/Chinese quality and Chinese culture. Therefore, in this dissertation I will analyze part of the language phenomenon in the Singapore Chinese textbook and its arrangement as the starting point. And put them in comparison to find out the similarities and differences. Keywords: China；Singapore；Primary School Chinese Textbook；Comparison 引言...
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...How should you handle the introduction, greeting, and handshaking? The female boss should enter the room followed by myself. We will both be wearing neutral colored conservative dresses with flat shoes. The Chinese businessman will introduce himself whom my boss will respond to with “Hello, we are pleased to meet you” and begin to formally introduce herself as Manager Johnson and myself as Mrs. Fowler. I will not attempt to introduce myself as it would be considered rude. We will wait for him to initiate a handshake at which time my boss will first shake his hand gently and then myself. How do you exchange business cards? Following the introduction it is expected exchange of business cards. It is important to have business cards that are printed on sides; one in English, the other in Chinese. These should include: Company Name, Personal name, title, fax and email. They should be clean, neat and printed in gold lettering. The exchange will occur one at a time standing up and holding the card on the corners with both hands with the Chinese side up. You will hand your card carefully showing him respect, you will show the same respect when accepting his card. Once I receive the card I will need to study it prior putting it on the table, showing interest by reading the details; if I had collected more than one business card, I would line them up in vertically in order of seniority going down on the table (NBC Universal, Inc, 2008). The culture coach informs me that they should...
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...Tang, and Song Dynasty. Well during the period of the dynasty that China was unified again when Young Jian a member of aristocratic family from northern china founded a new dynasty known as Sui. The Sui dynasty started 581 and ended 618bit was founded by Sui Wendi or Yang Jian. The major changes that occurred were reduce the rich-poor social gap, enhanced agricultural productivity, equalization system and have the governmental power centralized. The defense was improve and great was expanded and Buddhism was spread. When Yangdi took over the throne he didn’t seek to gain support from nomads. He restored Confucian education and examination system of bureaucrats. Yangdi lost support of nomads by supporting educational forms. Yangdi start expensive construction work. Yangdi luxury expense lost him public support and he was assassinated by his minister, but the biggest factor that led to the down fall was invadation of Goguryeo. Li Yuan took advantage of the situation and declared a new foundation dynasty known as Tang. The Tang dynasty started from 618 and ended 907 it was founded by Li family who gain power during the collapse of Sui Dynasty. According to Chinese history records The Tang dynasty was the greatest historic period in China. During this time period the economy, politics, culture and military strength reached an unparalleled advanced level. Tang dynasty experience a wonder of change in China culture by modern feel that era represents the apogee of Chinese creativity...
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