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“Rich Foreigner Syndrome” Claims Another Victim
British Reuters has a sad story today that all international managers in China can learn from: China recall toy factory boss hangs himself: report “Zhang Shuhong, a Hong Kong businessman in his 50s and boss of the Lida Toy Company in the southern province of Guangdong, was found dead in his factory workshop on Saturday, [...]
FDI grows steadily this year
By Jiang Wei (China Daily) Actual foreign direct investment (FDI) in China maintained steady growth in the first eight months and government agencies are investigating the latest batch of “Made in China” toy recalls, a senior commerce official said yesterday. The Ministry of Commerce approved 24,848 foreign-invested enterprises in the past eight months, with actual [...]
Goldman Bid for Midea Electric Rejected
Guangdong Midea Electric Appliances Co. said its plan to sell a minority stake to a unit of Goldman Sachs Group Inc. has been rejected by the China Securities Regulatory Commission. Analysts pointed to the wide disparity between the price originally agreed to and the current market price of Midea’s shares as a possible reason for [...]
Financial Street to Sell More A Shares
Property developer Financial Street Holding Co. said it plans to issue up to 300 million additional A shares to finance its property projects. The company didn’t say how much it plans to raise from the share offering, but said it will use the proceeds to develop five property projects in Beijing, Tianjin and Guangdong province. [...]
Oil Giants Are Poised to Clash Over Piped Gas
China Petroleum & Chemical Corp., or Sinopec, is considering building a long-distance pipeline from Sichuan to Guangdong so it can intensify competition with PetroChina Co. for customers in southern China’s booming natural gas market. Read Original Post Here
Challenges ahead for the iPod & iPhone in the China Market
In college it seemed like that I was the only one without an iPod. Everyone had one. Not only did consumers in the US embrace the iPod, Shuffle, Nano, ect., they also bought up the Powerbook laptops, G4s and now.. iPhones. Everyone. In China, its a different story. Apple has very little presence here. Although [...]
Shenzhen Driver Licenses for Newbies
A lot has been made about the Auto Shanghai 2007. A Shanghai Daily article entitled China shows prowess in clean-fuel vehicles describes the situation: China topped Japan as the world’s second-largest car maker last year, with sales up 25 percent to more than 7.7 million units. Homegrown brands increased their share of the passenger car [...]
Shenzhen: Diversity in Languages
On my last foray into HK, my friend, Jason, and I were waiting in the Luo Hu customs line. The paperwork usually goes by pretty quick, but for some reason, it took really long this time. So we stood there and exhausted all the small talk we could think off. In the middle of our [...]
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