Ginseng, a traditional herbal medicine

Ginseng is a root vegetable whose shape resembles the human body, and its name (pronounced "insam" in Korean) contains the Chinese characters for "man". Korean ginseng is also known by the names of Korea's last two royal dynasties: Goryeo and Joseon. Its …     

For a Safer World,For Smooth Cooperation

The large trade surplus and production safety problems have tarnished China's image around the world recently. As China's first and largest trade partner, the EU has a lot of influence on its international performance, and given the current situation, increased bilateral cooperation is needed. Development of a smooth dialogue channel is a great opportunity for mutual benefit and future cooperation. Mr. Heinz Zourek, the General Director for the Enterprise and Industry of the European Union's Commission to China,     

China 2030:Building a Modern,Harmonious,and Creative High-Income Society

On February 27,the World Ba nk released a repor t in Beijing which recommended that China needed to redefine the government's role,alter the structure of state enterprises and gradually allow market-set interest rates in order to sustain its economic growth over the next two decades.By any standard,China's economic     

Korean red ginseng,a best gift for you

Korean ginseng is a tonic, naturally exists in only three regions: Korea"(33.7-43.1), "Manchuria"(43-47), and the Littoral province of Siberia. The Korean peninsula is the best place to grow ginseng, because ginseng has stringent requirements for the plant's growth, and Korea has the ideal temperature zone, plenty of rain in the summer, proper coldness in the winter, etc.     

Korean red ginseng,a best gift for you

Korean ginseng is a tonic, naturally exists in only three regions: Korea"(33.7-43.1), "Manchuria"(43-47), and the Littoral province of Siberia.     

Financial Statement Audits,a Game of Chicken?

This paper uses the intuition from the game of chickento model client-auditor financial reporting and audit effort strategies. Within an ethical context, our model is concerned with the client misreporting and its detection by the auditor. The paper uses a welfare game(similar to the game of chicken) to more formally model client-auditor strategies. The welfare game is then extended to provide additional insight into ethical and audit effort issues.Such a welfare gameprovides equilibrium in mixed strategies. This mixed strategy solution makes possible four outcomes from the game: 1) Financial Statements are fairly presented by client and the auditor performs a normal audit, 2) Financial Statements are fairly presented by client and the auditor performs an extended audit (over auditing), 3) Financial State-ments are misstated by client and detected by the auditor, and 4) Financial Statements are misstated by client and not detected by the auditor (audit failure despite no intended unethical action on the part of the auditor).The first extension of the welfare gameallows clients to be ethical or unethical clients. Unethical clients are rewarded for misreporting because the auditor wishes to minimize audit effort for ethical clients. The second extension allows the client to unknowingly misstate the financial statements; the client "strategy" then becomes random (a play of nature). The auditor must distinguish between this random play and the strategic play of the welfare game. Finally auditor ethics are considered and the influence of auditor ethics on reducing failed audits.     

Korean red ginseng,a best gift for you

<正>Korean ginseng is a medicinal herb, naturally exists in only three regions:“Korea”(33.7-43.1),“Manchuria”(43-47),and the Littoral province of Siberia. The Korean peninsula is the best place to grow ginseng,because ginseng has strin- gent requirements for the plant's growth, and Korea has the ideal temperature zone, plenty of rain in the summer,proper cold- ness in the winter,etc.The value of Korean ginseng has been known in the world since the 4th century B.C.Books written in this era documented ginseng as emergent     

Korean red ginseng,a best gift for you

Korean ginseng is a tonic, naturally exists in only three regions:Korea"(33.7-43.1),"Manchuria"(43-47),and the Littoral province of Siberia.     

China, Japan and ROK Entrepreneurs propose a Free-Trade Zone

Apoll done by the media of Japan,China and Korea show that Most Entrepreneurs consider it necessary to set up a free-trade zone covering China, Japan and ROK.     

Corporate Philanthropy, Criminal Activity, and Firm Reputation: Is There a Link?

This study examined the influence of corporate giving programs on the link between certain categories of corporate crime and corporate reputation. Specifically, firms that violate EPA and OSHA regulations should, to some extent, experience a decline in their reputations, while firms that contribute to charitable causes should see their reputations enhanced. The results of this study support both of these contentions. Further, the results suggest that corporate giving significantly moderates the link between the number of EPA and OSHA violations committed by a firm and its reputation. Thus, while a firm's reputation can be diminished through its violation of various government regulations, the extent of the decline in reputation may be significantly reduced through charitable giving.     

2009, a tough year for China＇s auto Industry

Chinese auto sales are declining in Russia though the emerging market still posts auto sales increase, citing a report by a Russian automotive market research company.     

CEPA is not a short but a long-term strategy for development of mainland, Hong Kong and Macao

The implementation of CEPA is a major event for economic relationship between Mainland, Hong Kong, and Macao, also a major event for all compatriots of China, and thus will definitely have farreaching impact on the world affairs.     

IT-Software SMEs in China,Technology Transfer from Universities and Entrepreneurship,a Successful Nexus？

Drawing on the empirical work of a broader study, this paper examines whether technology is being successfully transferred from universities to the IT-sottware SMEs present in China, and the effectiveness of entrepreneurship in effecting such transfers. A conceptual framework was generated to guide the investigation. Data were elicited using a detailed questionnaire which generated 53 usable responses; follow-up interviews with 17 of the 53 respondents; and four interviews with relevant government officials （civil servants from the Ministry of Science and Technology and state-owned banks）. There were three main fmdings. Chinese software SMEs tend to be reluctant to adopt new technologies from local tmiversities; there is a lack of common purpose between the parties; and entrepreneurs who did undertake such technology transfer felt the process was badly impeded by the lack of available finance, and expressed fears about poor protection of intellectual property rights in China. The majority of the sample firms acted opportunistically, taking advantage of the benefits offered under government schemes to earn rapid returns mainly using extant technologies. These conclusions suggest that the Chinese government＇s policies in this area of technology transfer have had only limited success.     

Internal brand commitment,a multi-dimensional construct? Case study evidence within a collaborative independent retail network context

Commitment and other relational constructs have predominantly been examined within the organisational studies literature, and in more recent times within the relationship marketing literature, but have been largely neglected within the retail and branding literatures. There is little empirical evidence of commitment as a multi-dimensional construct within the marketing domain. Brand commitment studies have largely adopted an external consumer-based perspective, with little attention afforded to internal brand commitment, and the dimensionality of the construct. This study addresses this deficit, and aims to explore the dimensionality of the internal brand commitment construct within the business-to-business context of a collaborative independent retail network. A qualitative case study methodology is adopted based primarily on interviews with owner-managers. The study provides empirical evidence of the multi-dimensionality of the internal brand commitment construct, with both attitudinal and behavioural dimensions. Although the importance of internal branding has been acknowledged for service sector organisations, this is the first empirical evidence to document the complexity of internal brand commitment in a retail context. The study concludes that while calculative commitment builds organisational commitment, internal brand commitment requires an affective dimension, which leads to what can be interpreted as brand citizenship behaviour and/or conceptualised as the formation of a brand community.     

Aim for a Unified,Open, Competitive,Orderly Markel——A Comment on China＇s Anti-Monopoly Law

Since its passage two years ago, China＇s Anti-monopoly law has helped to create a business environment that is internationally attractive. While the title entails an ＂Anti-monopoly＂ thrust, the emphasis realistically is on ＂Pro-competition＂. As China＇s economy continues to re- form and strengthen, global attention is increasingly being focused on it. Ultimately, a business environment that is seen as being fair, competitive, and open will help to drive industry ahead.     

Orchestrating resource base,role, and position: a supplier’s strategy in buyer-dominated relationships

The literature that can be consulted today regarding supplier strategies focuses mainly on the buying company’s opportunities to structure, rationalize and develop its supply base. However, few studies have been undertaken in the automotive industry that focus on the supplier’s view of change. One significant characteristic of a supplier’s development is that it occurs in close relationship with the buying company, a relationship that can be described as buyer-dominated. This article focuses on the need for suppliers to develop their own strategies. The purpose of the article is to identify theoretical and empirical building blocks in a supplier’s strategy in these buyer-dominated relationships, to describe and analyze a supplier’s strategic development from traditional supplier to systems supplier, and to discuss managerial implications. The empirical material consists of a longitudinal in-depth case study, conducted in retrospective as well as in real time, and this study is itself based upon several case studies, including ones of Volvo and Saab Automotive. The findings indicate that the supplier’s systems strategy is a high-risk one, because it is based on an vision of a systems suppliership in the future. Even if the group of supplier has been able to form a close relationship with the end-product manufacturers (Volvo and Saab Automotive), the need remains for it to be able to interpret those manufacturers’ (buyers) actions and adapt its own strategies accordingly. An important feature of the supplier’s strategy should be cooperation with other suppliers and the creation of new structures that consist of a number of previously independent supplier companies. The supplier’s ability to orchestrate resource base, role and position is of great importance.     

Pearl Resumes Shining-Second Trip to Baiyangdian, a Pear in North China

To be far from the crowded sceneries around Beijing, I went to Baiyangdian in Anxin County one hundred miles way from Beijing for thegolden week of National Holidays.Though Baiyangdian didn‘t impress mewell, yet the beautiful scenes of boundless water is still lingering in my mind.