Foreign Aviation Companies Scramble for the Chinese Market

AtapressconferenceheldbyBoeingonFebruary15,2000,thecompanypredictedthatinthecorning20years,thenumberofcivilaviationpassengersinChinawillgrowby9.3percentannuallyonaverage,andChinawillneedanother1,600airplanes,secondonlytotheUSAbythenintheworldaviationmarket.Boeingwasconfidentofwinning60percentto70percentoftheUS$120billionordersthisgrowthwouldcreate.AnticipstedDevelopmentofChina'sCivilAviationMarketItispredictedbytheAviationSystemEngineeringInstituteundertheFirstGroupCorporationofChina'…     

China’s Consumption Market on the Road to Recovery

The Party leadership’s proposals for formulating the 14th Five-Year Plan(2021-2025)for National Economic and Social Development and the Long-Range Objectives Through the Year 2035 were adopted by the fifth plenary session of the 19th CPC Central Committee in October of 2020.The proposals clearly stated the need for“comprehensively promoting consumption”and made concrete arrangements for how to achieve this target.It is estimated that during the 14th Five-Year Plan period,the consumption and retail market will undergo rapid growth to become the backbone of China’s economic development.     

Is The Foreign Exchange Market Efficiency Adaptive? The Empirical Evidence From India

ABSTRACT

Is market efficiency a time-varying condition or static? Do economic and noneconomic events explain evolving efficiency? This study tries to respond to these two important questions of efficiency in foreign exchange markets. For empirical scrutiny, as per the framework of the adaptive market hypothesis, the authors employ recent methods that are robust and that possess stronger power properties. We find that efficiency is time dependent and that major economic and noneconomic events cause a change in efficiency. The novelty of this study lies in its attempt to measure the relative degrees of efficiency for major currency pairs and to find the factors of the efficiency level.     

How Does Foreign Entry Affect the Domestic Banking Market? The Brazilian Case

ABSTRACT

Using bank level data for Brazil in the 1995–2001 period, this paper examines the extent of foreign ownership in the domestic banking market. It also separates and analyses the domestic banking system as to private and state-owned institutions, given the almost 50% market share of state-owned banks in Brazil by the deposit criteria. The net interest margins, overhead, taxes paid, and profitability of foreign and domestic banks are compared with domestic banks achieving higher profits than foreign banks, which contradicts the empirical evidence in the literature. Also, further estimation results suggest that an increase in the share of foreign banks leads to higher profitability of domestic banks, which is opposed to the literature. Finally, while domestic private banks have higher net interest margins and profits than foreign banks, state-owned banks have lower net interest margin and profits, and higher overhead expenses than foreign banks.

RESUMEN. Con base en datos bancarios brasileños del período 1995–2001, este documento examina la extensión de la titularidad extranjera en el mercado de la banca doméstica. También separa y analiza el sistema de la banca doméstica en instituciones privadas e instituciones estatales, con base en la participación superior al 50% del mercado de los bancos estatales en el Brasil, en lo que se refiere al volumen de los depósitos. Se han comparado los márgenes del interés neto, gastos generales, intereses pagados y rentabilidad de los bancos extranjeros y domésticos, llegando a la conclusión que los bancos domésticos alcanzaron mayores niveles de rentabilidad que los bancos extranjeros, lo que–empíricamente hablando–contradice la evidencia de la literatura. Además, otros resultados de las proyecciones realizadas sugieren que un aumento en la participación de los principales bancos extranjeros redundará en la mayor rentabilidad de los bancos domésticos, lo que también es contrario a lo expresado en la literatura. Finalmente, mientras que la banca doméstica privada tiene mayores márgenes de interés netos y rentabilidad que los bancos extranjeros, los bancos estatales tienen un margen neto y una rentabilidad menores y mayores gastos generales que los bancos extranjeros.

RESUMO. Utilizando dados bancários do Brasil, no período de 1995 a 2001, este artigo analisa a extensão da propriedade estrangeira no mercado bancário nacional. Além disso, examina o sistema bancário nacional e distingue entre instituiç[otilde]es privadas e públicas, considerando-se a parcela de quase 50% do mercado de bancos estatais, no Brasil, segundo o critério de depósitos. Comparam-se as margens de intermediação financeira, as despesas administrativas, os impostos pagos e a rentabilidade de bancos estrangeiros e nacionais, sendo que os bancos nacionais alcançam lucros mais altos do que os bancos estrangeiros, contradizendo a evidência empírica apresentada pela literatura. Além disso, outros resultados avaliados sugerem que um aumento da participação de bancos estrangeiros acarreta maior rentabilidade para os bancos nacionais, contrariando a literatura. Finalmente, enquanto os bancos privados nacionais apresentam margens líquidas de juros e de lucros mais elevadas do que os bancos estrangeiros, os bancos estatais apresentam margens de intermediação financeira e de lucros mais baixas e despesas administrativas mais altas do que os bancos estrangeiros.     

TOUCHROAD——The Road to Touch the World

Legendary Beginnings The birth of Touchroad Group can be traced back to May 17, 2000 when Mr, He Liehui, the founder of Touchroad, boarded on a flight towards Ghana, with small amount money of US$700 and his big dream of establishing a global company.[第一段]     

Do Financial Constraints Matter for Foreign Market Entry? A Firm‐level Examination

Recent theoretical and empirical contributions stress the importance of financial development for international trade. This paper investigates whether financial constraints matter for foreign market entry at the firm level using dynamic panel data techniques. Dynamic Probit and Tobit models that account for state dependence and unobserved heterogeneity are used to analyse the effect of financial indicators on export activities. The empirical framework tests for heterogeneous effects among different quartiles of the size and productivity distribution, across previous exporters and potential starters, and across different types of industries as those are predicted by theoretical models. The empirical analysis is applied to a large panel dataset of French manufacturing firms over the years 1998–2005. The data contain a high share of small firms that are usually the most likely to be financially constrained. Although financial indicators are significantly correlated with export status and export share, there is no evidence that financial constraints have a direct impact on foreign market participation or sales in foreign markets once observed and unobserved firm heterogeneity is controlled for. This result is robust to using alternative estimation techniques and also holds for subgroups of firms that are more likely to face financial constraints and industries that are more dependent on financial factors.     

The Long Road to Reform - New Trend of Foreign Investment in China＇s Water Supply and Wastewater Treatment Market

<正>In January 2007,Veolia Water,a world's leading operator in water services,executed a share transfer agreement with competent departments of Lanzhou Municipal...     

The Determinants of SMEs' Market Share in 1991 – Taiwan Manufacturers

Small and medium-sized enterprises (SMEs) have become increasingly popular in recent decades, having caused concern among scholars of various areas. Our line of research focuses on the determinants of SMEs' market share. This study explores the topic base on Taiwan's manufacturers' data collected in 1991. Our empirical results indicate that Taiwan has witnessed SMEs becoming prosperous in manufacturing industries with higher relative labor productivity, low entry barriers, prosperous subcontracting activities, and young ages. Our results indicate that, in the transitory process of industrial development, Taiwan's SMEs no longer can afford high wage payments when at the same time the quality of labor does not increase accordingly. As Taiwan approaches the status of a developed economy, the beneficiaries of export activities have changed. Unlike 1986, in 1991 there was a smaller share of SMEs in Taiwan's export oriented industries. Furthermore, SMEs benefited from their efforts to increase their automation status. The emphasis on issues concerning environmental protection proved to be another source of entry barrier that kept SMEs from prospering. Certain similarities arise when comparing our conclusions with those of the U.S., Canada, Germany, and Japan, all of whom represent industrialized countries. We can conclude that as Taiwan matures in her industrial development process, SMEs also struggle to a certain maturity in theirs.     

No Need for China''''s Insurance Companies to Fear a Foreign Onslaught

ChairmanMaYongweioftheChinaInsuranceRegulatoryCommission(CIRC)recentlyindicatedthatChinaisquickeningitspaceofopeningtheinsurancemarketbutadoptsacautiousattitudeinthemeantime.Inthenextfiveyears,Chinawillfurtherexpandtheopeningofitsinsurancemarket.Only...     

Provisional Regulations for Foreign Businessmen to Run Investment Companies in China

With a view to encouraging foreign investors to invest in China, and importing overseas advanced technology and management, expertise, foreign investors are permitted to run investmentnature companies (hereinafter referred to as investment co.) in China in accordance with the Chinese related foreign investment laws, decrees, rules and the Regulations.     

A Shares Listing for Foreign Companies:2001 Hard to Say

WhetherforeigncompaniescansuccessfullylisttheirAsharesindomesticChinahasbeenunderdiscussionfromlastsummertothiswinter.ChinaisboundtoaccesstheWorldTradeOrganizationin2001.Asareflectionofthenationaltreatment,whetherforeigncompaniescanrealizetheirdreamin2001isstillhardtosay,insidersindicated.Revealedbyspecialists,inthemiddleof2000,someforeigncompanieswereapprovedtobelisted,itwasquiteoptimistic,andattheendoftheyear,thefirstshouldhavehadbeenseeninShanghai,butallofthiswasshelved.Thereforeit'sstil…     

Electronic Computers – The Challenge to Management

The potentialities of computers have not been fully exploited in the U.S. because management has underestimated the task of putting them to proper use. Management has believed that computers themselves are automation. But automation places a premium on good management. Without careful management planning, business resources are wasted in terms of managerial and technical time and abilities. Since computers are capable of handling many tasks simultaneously, it is only by casting aside the departmental concept and substituting the integrated systems approach that the true value of these machines begins to be appreciated. Automatic data processing provides for the tighter control that is important in competitive markets. The key to the whole problem of putting automation to work is education of personnel. Knowledge of equipment and techniques is not enough. Automation, by permitting handling of many jobs simultaneously, is in direct conflict with the concept of division of labor. The businessman, faced with wholesale reorganization of work, must train more basically and broadly. Current training for this field is largely dependent upon specialized courses offered by the manufactures of computers. The responsibility for training these people is largely that of private business, and it is a larger task than most managers realize. If a businessman is to feel confident that his company’s data processing is not just a gamble, he must accept this new challenge to management. Reprint of a paper from elektronische datenverarbeitung 1(1)1959:20–23. This article is also available in German in print and via http://www.wirtschaftsinformatik.de: Diebold J (2008) Elektronische Computer – Eine Herausforderung für die Unternehmensleitung. WIRTSCHAFTSINFORMATIK. doi: .

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The 2008 Olympic Games： Opportunities and Challenges for Sports Marketing

The Olympic Events are a good opportunity to expand the services. It is two-folded：
a）The building-up of communication equipments for the Olympic Village and the games venues provides vast opportunity for manufacturers and contractors.     

Calling for the Systematic Reinvestment of Overseas Companies Back to the Mainland

By reforming long-time problems stock-owning rights and comprehensive governance on securities companies, the Chinese government has achieved a complete overhaul of the financial system. The year 2006 was a turning point in the epoch of China's capital market. Driven by such factors as a continuously booming economy, RMB appreciation, upgrade of publicly listed companies' quality and overall surplus of global fluidity, China's capital market began to awake from five years' stubborn recession. Its basic functions began to recover and the market made for high-speed growth.     

Punishing Vices or Rewarding Virtues? The Motivations for and Benefits of Ethical Ratings for Private Italian Companies

Journal of Business Ethics - In A Treatise on Virtues and Rewards, Dragonetti (1769) advances a theory of action based on rewards for virtues. The idea of rewards, especially of awards, relies on...