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Monopoly on Coke
Coke’s juicy M&A plans have already been raked over in the press (and on this blog). But next it is likely to be raked over by Chinese anti-monopoly officials (amongst others). As AP reports:
“Coca-Cola’s $2.5 billion offer…for China Huiyuan Juice Group Ltd. already has stirred nationalist opposition. Comments posted on Chinese Web sites criticized the [...]
China’s Courts, Tenth “Best” Out of Twelve. :: China Law Blog
Just came across this article discussing a ranking of various Asian countries’ judicial system, conducted by Political and Economic Risk Consultancy (PERC) (h/t to Silk Road International Blog):
1,537 corporate executives working in Asia rated the judicial systems in the countries where they reside, using such variables as the protection of intellectual property rights (IPR) and corruption.
Transparency, enforcement of laws, freedom from political interference and the experience and educational standards of lawyers and judges were also considered.
“Year after year our perception surveys show a close correlation between how expatriates rate judicial systems and how they rate the openness of a particular economy,” PERC said.
“Better judicial systems are associated with better IPR protection, lower corruption and wealthier economies.”
The ratings are on a scale of zero to ten, with zero being the best:
1. Hong Kong, 1.45
2. Singapore, 1.92
3. Japan, 3.50
4. South Korea, 4.62
5. Taiwan, 4.93
6. Philippines, 6.10
7. Malaysia, 6.47,
8. India, 6.50
9. Thailand, 7.00
10. China, 7.25.
11. Vietnam, 8.10
12. Indonesia, 8.26
My firm has had some involvement with the judicial system of all of these countries, with the exception of India, and my sense is that these rankings are pretty accurate. In fact, if I were to rank the systems by tiers, I would put Hong Kong and Singapore in the first tier, Japan, South Korea, and Taiwan in the second tier, and the rest in the third tier.
What of China’s relaxed environment for foreign reporters? :: Imagethief
Tim Johnson, Beijing bureau chief for the McLatchy newspaper group (and a standout among the local blogging journalists), has posted about the imminent expiration of the relaxed rules for foreign correspondents that were implemented for the Olympic period. This has been a matter of concern for the Foreign Correspondents Club of China (FCCC), which has publicly called for the new rules to be made permanent (spottily observed though they were). Tim notes that the signs are not good. Tim reports that the question came up at a recent instalment of the regular Ministry of Foreign Affairs briefings for uppity foreign hacks:
[At the briefing] spokeswoman Jiang Yu offered no hint whatsoever that the relaxed rules would continue in their present form.She was asked, ???Any chance these measures may be extended????Her answer, according to a transcript on the Foreign Ministry website, was: ???I understand your interest in this issue. The Regulation expires on Oct. 17. I would like to stress that China will carry on the opening-up spirit, welcome foreign journalists as always, and protect their legitimate rights and interests in China according to law, including their right to report. We also hope you will abide by Chinese laws and regulations and cover China in an objective and fair manner.???
Exactly the kind of unpromising non-answer that the local bureaucracy excells at. The cynical PR man in me can’t help but be impressed by the utterly noncommittal nature of her reply. The avid reader of China news in me less thrilled.
Personally Imagethief feels that the Olympic honeymoon is now over. The downside is that I expect the reporting rules to be allowed to lapse and the air to once again silt up with grunge. The upside is that all the things that were tightened for the Olympics –visas, various petty registration requirements, limits on where you can and can’t hike/film/run/walk/drip ice cream– will relax and it will once again be possible to negotiate around all these issues. The bureaucracy giveth, the bureaucracy taketh away.
The waste no time around these parts, by the way. The banners are coming down, and yesterday on Gongti Beilu crews were already taking down the “Beijing 2008″ roadsigns. Back to business as usual, whatever that means for you.
Qingdao Free Trade Zone Bri-color Int’l Trading Corp., Ltd.
Founded in 2001, Qingdao Free Trade Zone Bricolor International Trading Co., Ltd. Our main products include dyestuffs, textile machinery parts, color pencils, and other related items.
We enjoy convenient transportation as we located in Qingdao, one of the largest port cities in the world.
Insisting on providing customers with the best products, we have implemented standardized production [...]
Qingdao Jinhaiyuan Industrial Group Co., Ltd.
Qingdao Jinhaiyuan Industrial Group Co., Ltd. often called GENEHERO GROUP, established in 2003, whose headoffiice lies in Laixi City, Qingdao, China. Our group has been engaged in import and export, international shipping agency and processing of aquatic products, foodstuff, fruits, vegetables, and fashion belt. Our company has six subsidiaries.
Our business include the following four sections: [...]
Qingdao Hanzhou Foods Co., Ltd.
Qingdao Hanzhou Foods Co., Ltd. as a modern, large-scaled and private-owned enterprise, specializes in refrigeration and processing of aquatic products, farm products and by-products and import and export business.
We have passed the ISO9002 quality control system authentication in 2001. Up to now, it has been honored as: “China Leading Enterprises of Aquatic Product Process”, the [...]
Qingdao Europe and America Imp. & Exp. Co., Ltd.
Qingdao Europe and America Imp. & Exp. Co., Ltd. is a large manufacturer and exporter of scaffolds, scaffolding accessories, plywood and tools.
Established in 1993, through over ten years’ efforts, our company has become into a large-scale enterprise with 3 big factories. We have a scaffolding factory, a plywood factory and a tool factory.
Most of our [...]
Qingdao Chengyang New Three-Jin Handicraft Factory
Established in 2004, Qingdao Xinsanjin Metalline Artwork Factory is located in Qingdao City, Shandong Province, enjoying convenient transportation access. Our factory covers an area of 8,746 square meters and employs 380 staff members. Currently, our export value has reached USD50 million.
Qingdao Xinsanjin Metalline Artwork Factory specialize in producing various kinds of metal ornaments and jewelry. [...]
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