Doing Business the Chinese Way

Nine years ago, the Amsterdam branch of my previous company asked me to come to China and develop the business here. So I got the chance to experience working and living in Beijing.     

Revised Budget Law——A Reflection of Transformation

THE revisions last August to China’s Budget Law were the first since it took effect in 1995.It has thus taken more than a decade to revise a law so important it has been dubbed the"Economic Constitution."Response to the Demand for Change China’s Budget Law was promulgated in 1994 and took effect in 1995.Over the ensuing two decades Chinese society has witnessed dramatic changes–in economic development,state governance,and also public opinion and understanding of the budget.Social progress     

Rolling translators

THERE is a popular new term of art in Chinese business circles these days - ＂win-win.＂ Even to the uninitiated, the concept should be more or less self-explanatory. But in entrepreneurial parlance it refers to a mutually advantageous business model in which no cost is incurred by any of the participants, customers included, and in which all parties to the arrangement come away with a tidy profit.     

Kunming——Blooming and Booming

KUNMING in central Yunnan Province is he largest city in Chi-na's extended south-vestern frontier. Two housand years ago, it was a hub on the Southern Silk Road that connected inland China with Southeast Asia and a converging point on the Sichuan-Yunnan-Vietnam passageway. Today, as the capital city of Yunnan, it is home to 26 ethnic groups and a popular destination for tourists and business travelers from around the world.     

WE''''RE IN BUSINESS

With the long history between China and Africa politically, culturally and in the area of trade, Chinese business people are turning to the continent in ever increasing numbers to find opportunity in what is becoming a mutually beneficial embrace. Recently, Executive President of the World Chinese Entrepreneurs General Association (WCEGA) Liao Junqiao spoke to Beijing Review about the Chinese business community's roles in Sino-African cooperation in various fields.     

An Unshakable Belief

<正>Consensus on economic recovery injects confidence into China’s market Upon hearing the news that China was to ease its COVID-19 restrictions in early December, Xie Dongfang heaved a sigh of relief. “The time has now come to reactivate my business plan,” Xie, founder of Shanghai-based scented candle brand ECOLIT, told Beijing Review.Last year was difficult for Xie. “The candles and     

Dazzling summer camps:a profit-driven business

The summer camp - home of glory and dream to Chinese kids - used to be a privilege of student lead- ers' and teachers' favourites. There was no way for the majority to get even close to it. However, like all the other things in China, today the summer camp has be- come a profit-driven business embracing all of society. 'Crazy' camp 'I don't know how to spell "collaboration", can I write "coopera- tion" ?' A boy aged eight or nine stood up and asked Li Yang, founder of the enor- mously popul…     

Philips in China：Fishing with a Long Line

ROYAL Philips Electronics first entered China in 1920 and established the very first joint venture in 1985. With its accumulated investment worth in excess of US $2.6 billion, Philips owns 35 joint ventures and sole proprietorships in China. After seven quarters of losses, Philips began to profit in 2003. During this time, the Chinese market played an important role for Philips - its business in China maintained a good profit record. "China's economy has helped provide for speedy and stable growth," said Philips' president Gerard Kleisterlee on a 2003 visit to China. "It is a high point of the world economy and one of Philips' most important markets. We are confident about our business in China and the future of China's development."     

LETTERS

ColumnsEnriched Chinese Culture China Today magazine is highly informative about the development of China, Chinese culture and sport activities. Although my business is mainly involved with automobiles and the related goods I am eager to have more knowledge about Chinese culture. So, I often use spare time to tour China during every business trip I make to your country. Actually, the articles in your China Today entice me to see the places that I read about. Your magazine has all the…     

Legal-Ease Beijing & Northeast China Investment Facts

Beijing and northeast China are fast becoming areas of growing interest to international investors. Here we highlight some aspects of cities in northeast China and consider the options for setting up business in the capital.     

The NBA＇s ＂China Derby＂

IF the sheer number of deals the American National Basketball Association （NBA） has with Chinese television stations around the country is anything to go by, basketball is big business in China these days. In addition to arrangements with 51 local and regional broadcasters in China, the NBA has concluded marketing contracts with 20 major Chinese companies. Millions of Chinese watch NBA games, and 30 percent of the traffic to NBA.com originates in China.     

Shanghai:Resilience In the Face of Resurgence

<正>Amid the numerous challenges Shanghai residents must contend with to curb the spread of the COVID-19 Omicron variant,the city will eventually see glimmers of hope and locals can return to business as usual.But for the moment,and likely the weeks to come,Shanghai,one of China’s most populous cities and the nation’s financial hub,still struggles under strict social distancing and quarantine procedures.     

McDonald's New Menu

<正>Chinese investors take control of the global fast food giant’s China business to accelerate its local expansion When McDonald’s opened its first China restaurant in Shenzhen,south China’s Guangdong Province,in1990,the biggest appeal of the global fast food chain was its exotic atmosphere.But now in 2017,McDonald’s has sold control of its China business to local partners and will focus on providing more Chinese-style products in the country.     

THEORY OF COMMON GOOD

China has been in its best period of development in modern times, while the world is undergoing the most profound and unprecedented changes in a century, with the two aspects being intertwined and interacted. Against this backdrop, China enjoys many favorable external conditions to carry out diplomatic work presently and in the years to come. President Xi Jinping made this assessment at the country's highest-level meeting on diplomatic work.     

Luxury Lifestyle

Ascott International is the largest ser- viced residential operator in the world. Managing the Ascott,Somerset and Citadines brands in over 50 cities across 23 countries,Ascott International is re- nowned for its charming hospitality and luxurious residence.Each brand has its unique attributes to satisfy the needs of different guests. The Ascott Beijing is strategically located in the heart of the central business area in Chaoyang District.It is close to the China World Trade Center and set among thriving retail and business districts.The residence appeals to top executives ac-     

Ten Years after China＇s Accession to the WTO： Dancing with the World

In the run up to and the period after China’s accession to the WTO in 2001, "the wolf is coming" became a catchphrase among business and academic circles, re? ecting people’s fear of the coming global competition. In response to the new market landscape in the mak- ing, Chinese government and enterprises began to study WTO regulations and laws. China’s top leaders including President Jiang Zemin and Premier Zhu Rongji gave lectures to provincial governors on WTO-related topics.     

A Tourism Partnership

In April, the Beijing Tourism Administration and Reed Exhibitions, part of the Anglo-Dutch Reed Elsevier Group, announced a strategic partnership in recognition of the huge growth potential of the conference and exhibition industry in China. Reed Exhibitions sponsored the Second China International Business and Incentive Travel Mart (CBITM) in Beijing from July 11-13, the only high-end exhibition dedicated to business and incentive travel in China.     

New Starting Point for China-Africa Cooperation

CHINA-AFRICA ties have expanded on all fronts over the past decade.About one million Chinese have gone to Africa for business and trade over the period,and more than 2,000 companies now operate on the continent.China has also become an important business destination for Africans,evident in the 200,000 that live in Guangzhou alone,whose numbers grow 30 to 40 percent each year.     

Clean Energy—The Ultimate Solution

Major economies in the world have raised various proposals to reduce carbon emissions by applying clean energies in a bid to tackle climate change. As a major consumer of coal, China is facing mounting pressure, and experts are wrangling about which clean energy should come first on the government agenda. To get a closer look at the current situation in China, Beijing Review reporter Liu Yunyun sat down with Zhou Dadi, Director General Emeritus of the Energy Research Institute of the National Development...