(Nov. 10,2003): Arets, Christian
Burgos, Enoc
Choi, Jinwon
DeCoux, Alex
Middleton, Gilroy
(Nov. 10,2003) Ko, Sophie
Meighan, Katherine
Heidenreich, Adele
Villalobos, Sylvia
Chuang, Sandy
Slide2: People's Republic of China Population (2002 est.): 1.3 billion.
Population growth rate: About 1%.
Work force (711 million): Agriculture and forestry--50%; industry and commerce--23%; other--27%. Source: http://www.state.gov/r/pa/ei/bgn/18902.htm
Administrative Divisions: Administrative Divisions 4 Municipalities (shi)
Beijing, Chongqing, Shanghai, Tianjin
23 Provinces (sheng) – 6 regions (qu)
Huabei : Hebei, Shanxi
Huadong : Jiangsu, Zhejiang, Anhui, Jiangxi, Fujian, Shandong
Zhongnan : Henan, Hubei, Hunan, Guangdong, Hainan
Dongbei : Liaoning, Jilin, Heilongjiang
Xibei : Shaanxi, Gansu, Qinghai
Xinan : Sichuan, Yunnan, Guizhou
5 Autonomous Regions (zizhiqu)
Guangxi, Nei Mongol, Ningxia, Xinjiang, Xizang(Tibet)
Special Administrative Regions : Hong Kong, Macau
China considers Taiwan its 23rd province Source: World Fact Book
Slide4: Dongbei Huabei Huadong Zhongnan Xibei Xinan
Slide5: China’s Economy Sources: China Municipal Bureau of Statistic, 2000
GDP per capita: GDP per capita COUNTRY WIDE:
GDP (2002 est.): $1.3 trillion
GDP per capita: $930
GDP real growth rate: 8.0% Source: http://www.state.gov/r/pa/ei/bgn/18902.htm
Slide7: China’s GDP per capita Sources: China Municipal Bureau of Statistic, 1999
Slide8: Beijing, Tianjin
R&D, Internet, L/H Industry Shanghai, Delta
IT, High Tech, Finance H.K. Shenzhen, Guangzhou
Labor Intensive Manufacturing Great west
Infrastructure, Natural Resource
Slide10: Source:http://d1.dir.snv.yahoo.com/science/geography/cartography/maps/by_
region/countries/china/complete_list/
Slide11: Advantages
Disadvantages
Conclusion
Slide12: Advantages
Disadvantages
Conclusion
Slide13: Advantages
Disadvantages
Conclusion Rule of Law
Infrastructure
Slide14: Advantages
Disadvantages
Conclusion Rule of Law
Infrastructure “Hong Kong remains one of the World’s freest economies.”
…according to the “Economic Freedom of the World: 2003 Annual Report
Slide15: Advantages
Free Economy
Independent Legal System
Disadvantages
Conclusion
Slide16: Advantages
Free Economy
Independent Legal System
Disadvantages
Conclusion
Based on the..
British Common Law System
Slide17: Advantages
Free Economy
Independent Legal System
Rule of Law
Disadvantages
Conclusion
Slide18: Advantages
Free Economy
Independent Legal System
Rule of Law
Disadvantages
Conclusion Hong Kong’s Constitution
Based on Deng Xiaoping’s “One Country, Two Systems” policy
Slide19: Advantages
Free Economy
Independent Legal System
Rule of Law
Disadvantages
Conclusion Important Constitutional Principles
Slide20: Advantages
Free Economy
Independent Legal System
Rule of Law
Disadvantages
Conclusion Article 2 HK will enjoy a high degree of autonomy
Article 4The rights and freedoms of the residents will be preserved
Article 5 The socialist system and policies will not be practiced in Hong Kong Special Administrative Region (HKSAR)
Article 6 Protection of the right of private ownership
Article 7 The revenues of Hong Kong will be for Hong Kong
Article 8 The laws previously in force in Hong Kong, will be maintained
Slide21: Advantages
Free Economy
Independent Legal System
Rule of Law
Disadvantages
Conclusion Article 10 The HKSAR may use a regional flag and regional emblem.
Article 108 The HKSAR shall practice an independent taxation system.
Article 112 The Government of the HKSAR shall safeguard the free flow of capital within, into and out of the Region.
Article 114 The HKSAR shall maintain the status of a free port and shall not impose any tariff unless otherwise prescribed by law.
Article 115 The HKSAR shall pursue the policy of free trade and safeguard the free movement of goods, intangible assets and capital.
Slide22: Advantages
Free Economy
Independent Legal System
Rule of Law
Disadvantages
Conclusion Article 118 The Government of the HKSAR shall provide an economic and legal environment for encouraging investments, technological progress and the development of new industries.
Article 124 The HKSAR shall maintain Hong Kong's previous systems of shipping management and shipping regulation, including the system for regulating conditions of seamen.
Article 151 The HKSAR may on its own, using the name "Hong Kong, China", maintain and develop relations and conclude and implement agreements with foreign states
Slide23: Advantages
Free Economy
Independent Legal System
Rule of Law
Disadvantages
Conclusion “The HKSAR shall use its financial revenues exclusively for its own purposes, and they shall not be handed over to the Central People's Government”
“The Central People's Government shall not levy taxes in the HKSAR”
Slide24: Advantages
Free Economy
Independent Legal System
Rule of Law
Infrastructure
Disadvantages
Conclusion
Slide25: Advantages
Free Economy
Independent Legal System
Rule of Law
Infrastructure
Disadvantages
Conclusion
Victoria Harbour
One of deepest container ports in the world.
New Government Enhancements
Slide26: Rail
About 70% of the population and 80% of the employment fall within the rail catchment area Advantages
Free Economy
Independent Legal System
Rule of Law
Infrastructure
Disadvantages
Conclusion
Slide27: Advantages
Free Economy
Independent Legal System
Rule of Law
Infrastructure
Disadvantages
Conclusion Airport
Voted World’s Best ’02
Handles 45 million Passengers
3 million tonnes of cargo annually
Planned Development
87 million Passengers
9 million tonnes cargo
Slide28: Port
World’s busiest Container Port for 9 of the past 10 years.
Planned Development
A new Container Terminal is being built. Advantages
Free Economy
Independent Legal System
Rule of Law
Infrastructure
Disadvantages
Conclusion
Slide29: Many environmental (pollution) problems
Weak corporate governance framework
High Cost Advantages
Free Economy
Independent Legal System
Rule of Law
Infrastructure
Disadvantages
Conclusion
Slide30: Advantages
Disadvantages
Conclusion High Cost “The Key to success in business is either a competitive price or product differentiation. With our cost, we have to use the latter.” Hon Antony Leung
Financial Secretary HK
Slide31: How does this translate to the business environment?
Slide32: How does this translate to the business environment?
Low-skilled and labor-intensive industries are no longer competitive
Slide33: “Focusing on High-Value-Added Economic Activities” Hong Kong is working to move itself up the value chain
Focus on High-Value-Added Economic Activities: Focus on High-Value-Added Economic Activities
Focus on High-Value-Added Economic Activities: Focus on High-Value-Added Economic Activities
Business Activities Championed by HK Officials
Financial Services
Logistics
Tourism
Producer and Professional Services Financial Secretary HK
Focus on High-Value-Added Economic Activities: Financial Services
Logistics
Tourism
Producer and Professional Services Increase Liquidity
Attracting more financial product issuers
Attracting more capital and investors from Mainland China and overseas Focus on High-Value-Added Economic Activities
Focus on High-Value-Added Economic Activities: Financial Services
Logistics
Tourism
Producer and Professional Services Increase Liquidity
Enhance their Market System
Focus on High-Value-Added Economic Activities
Focus on High-Value-Added Economic Activities: Financial Services
Logistics
Tourism
Producer and Professional Services Increase Liquidity
Enhance their Market System
More user friendly for investors, issuers and intermediaries
Focus on High-Value-Added Economic Activities
Focus on High-Value-Added Economic Activities: Financial Services
Logistics
Tourism
Producer and Professional Services Increase Liquidity
Enhance their Market System
More user friendly for investors, issuers and intermediaries
Streamline licensing system and increase market transparency Focus on High-Value-Added Economic Activities
Focus on High-Value-Added Economic Activities: Financial Services
Logistics
Tourism
Producer and Professional Services Increase Liquidity
Enhance their Market System
More user friendly for investors, issuers and intermediaries
Streamline licensing system and increase market transparency Focus on High-Value-Added Economic Activities
Focus on High-Value-Added Economic Activities: Financial Services
Logistics
Tourism
Producer and Professional Services Focus on High-Value-Added Economic Activities
Focus on High-Value-Added Economic Activities: Financial Services
Logistics
Tourism
Producer and Professional Services Aim to develop high-value-added logistics parks
To support low or zero-inventory modes of production in the region Focus on High-Value-Added Economic Activities
Focus on High-Value-Added Economic Activities: Financial Services
Logistics
Tourism
Producer and Professional Services Focus on High-Value-Added Economic Activities
Focus on High-Value-Added Economic Activities: Financial Services
Logistics
Tourism
Producer and Professional Services Planned Cultural Zone in West Kowloon to promote “Cultural Tourism”
Hong Kong Disney Focus on High-Value-Added Economic Activities
Focus on High-Value-Added Economic Activities: Financial Services
Logistics
Tourism
Producer and Professional Services Focus on High-Value-Added Economic Activities
Focus on High-Value-Added Economic Activities: Financial Services
Logistics
Tourism
Producer and Professional Services Import/Export
Transportation and Warehousing
Trade financing,
Insurance
Accreditation and testing
Research and development
Product design
Market research and promotion Focus on High-Value-Added Economic Activities
Focus on High-Value-Added Economic Activities: Financial Services
Logistics
Tourism
Producer and Professional Services Professional services sector
Legal
Accounting
Engineering
Advertising
Consultancy
Public relations
Design services Focus on High-Value-Added Economic Activities
Slide48: Other Industries with Good Potential
Slide49: Applied Technologies
Chinese Medicine
Film
Music
Publishing
Fashion
Construction
Other Industries with Good Potential
Slide50: Applied Technologies
Chinese Medicine
Film
Music
Publishing
Fashion
Construction
SME’s working within the local economy? Other Industries with Good Potential
Slide51: Applied Technologies
Chinese Medicine
Film
Music
Publishing
Fashion
Construction
SME’s working within the local economy? Recreational
Sports
Social and personal services
Small traders
Local domestic helpers
Fitness instructors Other Industries with Good Potential
Slide52: Advantages
Disadvantages
Conclusion
Slide53: Advantages
Disadvantages
Conclusion Given the
High Cost
Of doing business in Hong Kong…
Slide54: Advantages
Disadvantages
Conclusion Given that these Business Activities are Championed… Financial Services
Logistics
Tourism
Producer and Professional Services
Slide55: Conclusion:
Business with
“High-Value-Added Economic Activities”
will find the best fit when doing business in Hong Kong
Beijing’s Economy : Beijing’s Economy Population: 13.82 millions (March 2001)
Land: 16,807.8 sq km
GPD: 29.8 billion dollars
GDP per capita: 2,690 billion dollars
Beijing Economic and Technological Development Zone is a home to nearly 1,000 enterprises, including 30 multinationals.
Sources: National Bureau of Statistics of China &
http://trade.chinavista.com/tradenews/12-213.html
Basic Conditions of Beijing’s Urban Households Aug. 2003: Basic Conditions of Beijing’s Urban Households Aug. 2003 Source: National Bureau of Statistics of China
COUNTIES: COUNTIES MUNICIPALITY Source: http://english.peopledaily.com.cn/data/province/beijing.html
Slide60: Source: http://www.chinavista.com/beijing/pics/zone_map.jpg
Doing Business in Beijing : Doing Business in Beijing
Advantages
Slide62: Large consumer base
Abundant labor Advantages in Beijing
In addition to ….. Beijing has the following advantages……
Slide63:
China's political and cultural centre - Politically, economically and socially influential
Features a solid industrial foundation and strong overall economic power - GNP annual growth rate 11%
- In the first half of 2002, fixed assets
investment in the capital city
totaled 7.4 billion US dollars.
The figure was 23.4% up from 2001.
Source: Beijing Municipal Bureau of Statistic
http://english.peopledaily.com.cn/200207/16/eng20020716_99767.shtml
Slide64:
Beijing is the location of the headquarters of the People's Bank of China, as well as many other major financial and insurance institutions in China.
Beijing is the country's largest science and technological, and cultural hub - More than 400 national research institutes - More than 70 universities and colleges
Largest Educated Population
Slide65: Beijing attracts large amounts of investment from transnational corporations - Sino-foreign contractual joint ventures or regional headquarters
- “Beijing approved some 1,033 foreign-invested companies between January
and November, introducing foreign investment of 3.54 billion U.S. dollars, up
63.2% over the same period 2000.”
Source: http://english.peopledaily.com.cn/data/province/beijing.html
Advanced infrastructure facilities
Broadband: Beijing has a fixed-line penetration rate of 30-45%
Source: "China Broadband: Next Wave of Competition: Strategies of
the Market Players." By F. .Cheun, et al. Merrill Lynch Capital Markets, 2001.
Continue to build in
preparation for 2008 Olympics
-- “Investment from overseas-based financial groups is welcomed for municipal infrastructure construction in Beijing.”
Source: http://english.peopledaily.com.cn/200206/10/eng20020610_97547.shtml
Doing Business in Beijing: Doing Business in Beijing
Disadvantages
Disadvantages in Beijing: Disadvantages in Beijing In addition to …..
Language barriers to creating and operating a business
Cultural misunderstanding
Unequal treatment between domestic and foreign companies
Beijing has the following disadvantages……
Slide68:
Party Politics
The CCP influence is most felt in the capital
Communist vs. Capitalist Ideology
High cost of real estate
Land prices are high, especially in the industrial zones
Unclear regulations
A lack of transparency lead to corruption
Complicated registration process
Deters potential investors not willing to deal with the difficulties of entering the market.
Doing Business in Beijing: Doing Business in Beijing
What is being
done to improve
the situation?
Slide70:
Improving Cost Within the
Real Estate Market:
- Beijing would also adjust its land supply to lower the cost of land use. Land prices in Beijing were well above the national average, especially land for commercial use.
- To further optimize the investment environment, Beijing has opened bidding for commercial land trading, said an official from Beijing Municipal Department of Housing and Land Management.
- The land for first-hand development would be open to public bidding and developers could acquire the rights for land use through transfers, leasing, assignment and shareholding.
Slide71:
Changing Policy and Regulations:
- Infrastructure: Beijing Municipal government will scrap 175 categories of administrative charges for foreign-funded companies, Beijing Vice-Mayor Zhang Mao
Sources: http://english.peopledaily.com.cn/200301/07/eng20030107_109645.shtml
- The government had slated to crack down on illegal activities like arbitrary charges, quotas and fines for enterprises to lessen their extra pay out.
Slide72:
Making the Process Transparent:
- The Beijing Foreign Investment Service Center (BFISC) is sponsoring service aimed at simplifying the registration procedures for investors, improving the city's investment environment and promoting work efficiency of government departments
The free service package launched covers a broad field including: investment consultation, search for investment projects and business partners, handling of application procedures, registration with departments of industry and commerce, and dealing with investors' complaints
This will allow investors to save money
Over the pass few years, Beijing has continually increased the number of approved applications for the establishment of foreign-funded enterprises. Source: http://www.bfisc.com/
Slide73:
Promoting Investment in the Key Areas of R&D, Internet and Light Industry:
The Chinese capital of Beijing will strive to help cut costs for foreign investors in the city, especially in the manufacturing sector, Mayor Liu Qi
Beijing will, as always, provide a favorable environment for foreign investment and establishment of research centers, Mayor Liu Qi
Sources: http://www.chinavista.com/beijing/invest/home.html
Further Assisting Companies Willing to Develop Beijing’s Infrastructure:: Further Assisting Companies Willing to Develop Beijing’s Infrastructure:
Beijing welcomes the participation of transnational companies in major infrastructure projects, including the building of rail and electric power installations as well as air pollution control.
The government has been increasing investment in the infrastructural construction field, including the light rail transport system, which will have an estimated 150 km of track before the year 2008
Doing Business in Beijing : Doing Business in Beijing
Company Case
Doing Business in BeijingNOKIA : Doing Business in Beijing NOKIA Leading supplier of mobile and broadband network systems and mobile phones
Largest in the mobile telecom industry worldwide
Strong Points:
-- Experience -- Innovation
-- User friendliness -- Secure solutions
Nokia in China: Nokia in China Global technology leadership
China’s market has surpassed that of the US.
Committed to development and preferred local partnership
Develop telecommunications infrastructure for the 2008 Olympics
Accomplish faster and greater market penetration
Guan Xi with the federal government
Nokia in Beijing : Nokia in Beijing Nokia has 50 offices, 2 R&D centers, 5,000 employees in China
IN BEIJING,
Head Office and
A Research and Development
Nokia doubled its investment and the size of its mobile phone industrial park in Beijing, making it the biggest foreign-funded project in the capital city.
50 hectare industrial park to 100 hectares.
Total investment of 1.2 billion U. S. dollars.
Source: http://trade.chinavista.com/tradenews/12-213.html
interesting facts. (focus on why chose Beijing to set up headquarters; compare location to other company locations in other cities)
Source: www.nokia.com
Doing Business in Beijing: Doing Business in Beijing How has Nokia benefited from operations in China?
Access into the protected telecom markets in Chinese cities.
How has it gained access to China’s hugely populated urban centers, namely Beijing?
Good relation with the Federal Government in Beijing & Municipality Government
Nokia’s Access to the Market: Nokia’s Access to the Market
In 2003, Nokia and Beijing Just Top Network Communications Company Limited have signed an formal contract to build the first phase of the Beijing municipal government's shared Digital Professional Mobile Radio (PMR) communications network, using Nokia's TETRA system with IP backbone. The shared network has been listed as one of the top 60 major projects for the Beijing municipality this year.
The shared network fulfills the dispatch communication requirements of the "Digital Beijing " and "Digital Olympic" programs, as well as special measures needed for Beijing's emergency rescue system.
The Beijing Government Shared Network will enable the Chinese government to realize its goals for dispatch communications service for the 2008 Olympic Games.
Source: http://www.c114.net/cn-c114/regionread.asp?articleid=1602
Nokia’s Access to the Market : Nokia’s Access to the Market In a groundbreaking move for the manufacturer, on August 29, 2003 introduced the Nokia 2280, its first CDMA phone in China.
The phone was launched at the signing ceremony of an agreement between Nokia, China Unicom and China Putian, the exclusive distributor of the Nokia 2280 in China.
The new phone is expected to be available in early September, marking the beginning of cooperation between Nokia and China Unicom in providing CDMA handsets from Nokia to Chinese consumers. Source: http://www.infosyncworld.com/news/n/4017.html
Nokia’s Access to the Market: Nokia’s Access to the Market In 2001, Nokia’s mCatch Positioning System had been chosen by Fujian MCC to conduct China's very first mobile positioning trials on Fujian's GSM network.
China has a high population density in its cites where this network will be tested. The Nokia mCatch trial is the first of its kind in China, and Fujian MCC will in fact be one of the first operators in the world to implement GSM-based Nokia mCatch.
The trials in China are expected to bringing high-tech mobile positioning to a country where technology is a tremendous area of growth, and where both network operators and device manufacturers will be battling to grab market shares. Source: http://www.infosyncworld.com/news/n/109.html
Slide83:
Conclusion
Conclusions on Business in Beijing: Conclusions on Business in Beijing The Beijing Government is,
Attempting to make it easier for investors to enter the market
Promoting investment in research and development, internet, and light industry
Nokia has operations in each of these industries.
Focusing on building its infrastructure for the Olympics and provides greater incentives for those companies who are willing to assist.
Slide86: Geographic
Economy
Urban Construction and Development
Communications and Transportation
Construction of Infrastructure
Urban Environmental Protection
Urban Planning and Development About the City
Slide87:
Source: http://www.businessweek.com/1997/16/b3523153.htm
Positioning: Positioning 1986 國務院函[1986]92號
天津應當成為擁有先進技朮的綜合性工業基地,開放型、多功能的經濟中心和現代化的港口城市
1997 (announce by central government)
天津市是環渤海地區的經濟中心,要努力建設成為現代化港口城市和我國北方重要的經濟中心
一個基地、五個中心: 一個基地、五個中心 工業基地
商貿中心
金融中心
科技開發和信息中心
交通運輸中心
國際交流中心
天津開發區: 天津開發區 以港口為信托的天津港保稅區1991年成立以來,以特殊的功能、良好的區位和優惠的政策吸引了3000多家外商來區投資。 在開發區內,外資企業可享受優惠的政策待遇
1997年14項主要經濟指標中全部名列第一,成為全國開發區的“領頭羊”。
天津市改革開放的一面旗幟,是天津二十一世紀的希望。
For Foreign MerchantsLi Shenglin, Major of Tianjin--Jun 28, 2001: For Foreign Merchants Li Shenglin, Major of Tianjin--Jun 28, 2001 Regulate the administrative mechanisms for business financing
Set down investment beneficial policies
Set up foreign economic trade promotion service centers and overseas, HK, Macao and Taiwan’s medium and small-scaled enterprises investment development centers.
Set up WTO training authentication centers
Slide93:
Company Case
TingYi (Cayman Islands) Holding Corp.: Exploration Stage
1958:DingHsin Oil (Taiwan) Established
1989:DingHao Oil Established in Bejing; first oil product marketed in 1990
1992:TingYi (Tianjin) Co. Established, entered Instant Noodle Market (Master Kong)
- Tianjin Economic-technological Area (TEDA)
TingYi (Cayman Islands) Holding Corp.
Slide95: Growth and Vertical Integration
1993:Subsidiary (Tianjin) for PSP Bowl
1993 : Subsidiary (Tianjin) for Plastic Fork
1994:Subsidiary for Carton Box
1995:Subsidiary (Tianjin) for Printing / Package Material
1995:Instant NoodleMfg Facilities in Guangzhou, Hanzhou and ChongChing TingYi (Cayman Islands)
Holding Corp.
Slide96: Business Expansion
1995:Subsidiary (Tianjin) for Cookie/Cracker Business
1996:Subsidary (Hanzhou) for Beverage Business
1996:Dingyi (Cayman Islands) Holding Corp listed on Hong Kong Stock Exchange in Feb.
1996:Entered Western Fast Food Business with Acquisition of Texas Fried Chicken (May)
1998:Entered Hypermarket Business with Logo Co (樂購)
1998:Subsidiary for Logistic and Sales System
1998:Acquired Wei-Chuan (2nd Largest Publicly Listed Food Company in Taiwan) TingYi (Cayman Islands)
Holding Corp.
Slide97: Business Expansion
1999: Dingyi (Cayman Islands) Holding Corp Strategic Alliance with Sanyo Food Co. Ltd (33%)
2002: Established subsidiaries in HsinJiang, ChingDao, Harbin, QuenMing, FuZhen from June to Sept.
2003: Strategic Alliance with 依藤忠株式會社 and 大陸中信for Franchise / Operation Rights to Family Mart Convenient Store (PRC) and possibly Taiwan
- First to open in late Nov
- Convert 6 owned to Family Mart brand
TingYi (Cayman Islands)
Holding Corp.
Slide98: Business Expansion
1995:Subsidiary (Tianjin) for Cookie/Cracker Business
1996:Subsidary (Hanzhou) for Beverage Business
1996:Dingyi (Cayman Islands) Holding Corp listed on Hong Kong Stock Exchange in Feb.
1996:Entered Western Fast Food Business with Acquisition of Texas Fried Chicken (May)
1998:Entered Hypermarket Business with Logo Co (樂購)
1998:Subsidiary for Logistic and Sales System
1998:Acquired Wei-Chuan (2nd Largest Publicly Listed Food Company in Taiwan) TingYi (Cayman Islands)
Holding Corp.
Slide99: Business Expansion
1999: Dingyi (Cayman Islands) Holding Corp Strategic Alliance with Sanyo Food Co. Ltd (33%)
2002: Established subsidiaries in HsinJiang, ChingDao, Harbin, QuenMing, FuZhen from June to Sept.
2003: Strategic Alliance with 依藤忠株式會社 and 大陸中信for Franchise / Operation Rights to Family Mart Convenient Store (PRC) and possibly Taiwan
- First to open in late Nov
- Convert 6 owned to Family Mart brand
TingYi (Cayman Islands)
Holding Corp.
Slide100: TingHsin International
Slide101: Total Investment: Approx. 12,000MRMB
Food Industry:13 Mfg Base,
42 Plants
Logistic:80 Distribution Centers、
17 Hymall
Fast Food Restaurant:250 Texas Fried Chicken; new Grill House in 3Q, 2003
Employee: 45,000 Geographic Distribution
Slide102: Tingyi (Cayman Islands) Holding Corp
Slide103: Prospect for Coming 10 Years
Doing Business in Tianjin: Doing Business in Tianjin
Advantages
Advantages of Tianjin: Advantages of Tianjin Strategic alliance through acquisition to get into new market
Can offer better quality product, higher price – better off strata
Variety in products enables it to weather the instability in the market – SARS
Recognizable brad name
Comfortable tax bracket
Marketing in staples – constant business, plenty of costumers
Doing Business in Tianjin: Doing Business in Tianjin
Disadvantages
Disadvantages of Tianjin: Disadvantages of Tianjin Water supplies in danger solution expensive and not entirely up to them
Cannot get listed – shadowy accounting practices, over dependence on debts
Business practices – cheaper and cheaper – quality?
Will not invest in more equipment, no R & D
Business restricted to cities, available capital plus distribution
Recognized as Taiwanese company, can be caught in business disputes
Doing Business in Tianjin: Doing Business in Tianjin
Conclusion
QUOTE TO REMEMBER : QUOTE TO REMEMBER Napoleon Bonaparte:
“China is a sleeping giant.
Let her lie and sleep, for when she
awakens she will astonish the world.”
Questions for Discussion: Questions for Discussion Do you think Deng Xiaoping’s “One country two system” would be or should be applied to Taiwan
Are the protections made possible by Hong Kong’s constitution available to foreign businesses in other SEZs?
REFERENCES: REFERENCES http://www.info.gov.hk/eindex.htm
http://www.franchise.org.hk/
http://www.business.gov.hk/english/f0100.htm
http://www1.chinadaily.com.cn/en/doc/2003-08/20/content_256497.htm
http://www.tdctrade.com/econforum/index.htm
http://www.info.gov.hk/yearbook/2002/ehtml/e03-frame.htm
http://www.terragalleria.com/asia/china/china.html
http://www2.news.gov.hk/ebulletin/en/navigationforme.asp?QUERY=&x=32&y=20
http://www.business.gov.hk/english/t0204.htm#b01
(www.info.gov.hk/planning/info_serv/statistic/index_e.htm
http://www.info.gov.hk/infrastructuregallery/index.htm
http://www.budget.gov.hk/2002/eframe4.htm
http://www.budget.gov.hk/2002/graphics/erelatdoc_ov.jpg
http://www.info.gov.hk/infrastructuregallery/graphic/ehkie.jpg
http://www.ebcworldline.com/index.asp?currentpage=home
REFERENCES: REFERENCES
http://www.beijinghighlights.com/photos/gallery.htm
http://www.redflag.info/businesslinksbeijing.htm
http://www.chinavista.com/beijing/invest/home.html
http://english.peopledaily.com.cn/200211/26/eng20021126_107512.shtml
http://english.peopledaily.com.cn/200210/09/eng20021009_104692.shtml
http://english.peopledaily.com.cn/200207/16/eng20020716_99767.shtml
http://english.peopledaily.com.cn/data/province/beijing.html
http://fpeng.peopledaily.com.cn/200201/02/eng20020102_87943.shtml
http://www.bfisc.com/
http://chinasite.com/Business/investment.html#General
http://cbw.com/busbj/issue83/p11.html
http://english.peopledaily.com.cn/200304/10/eng20030410_114865.shtml
http://english.peopledaily.com.cn/200205/09/eng20020509_95370.shtml
http://fpeng.peopledaily.com.cn/200201/02/eng20020102_87943.shtml
http://www.tdctrade.com/alert/cba-e0207h.htm
http://www.china.org.cn/english/2002/Apr/31810.htm
http://www.china.org.cn/english/BAT/41447.htm
http://www.etaiwannews.com/Perspective/2002/06/22/1024715825.htm
http://www.sinoprojects.com/English/eDevelopment/2001company.htm
http://www.tdctrade.com/chinatrademain/index.htm
http://www.adl.com/downloads/prism/1994/1994_Q1_11-17.pdf