Download or read book The great leap forward The marketing of banking services in China written by Carla Vieira and published by diplom.de. This book was released on 2005-04-08 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt: Inhaltsangabe:Abstract: Generally speaking, economic growth is closely related to the efficiency of a country s financial markets. That is, the more varied the investment alternatives by which economic resources can flow within a country and between countries, the more efficient the financial market. This efficiency leads to a higher level of capital formation, and improved capital utilisation, thereby increasing the utility of both savers and borrowers and promoting economic growth. In line with its transition to a market economy China has, amongst other reforms, embarked on a reform of its financial system, transforming its one-bank monopoly into an integrated system of many banks and other specialised financial institutions. The resulting market complexity and the emergence of domestic and international competition gave rise to the marketing of financial services in China. Despite banks increasing marketing sophistication and higher spending on marketing, consumer behaviour is only beginning to react to it. On one hand the emergence of a wide variety of financial institutions and financial products has offset the impact of the social system reform on individuals lives. On the other hand, most Chinese still stay with one of the four wholly state-owned commercial banks, perhaps out of habit, perhaps from a feeling of security with their old banks. The effect on banks has been dramatic, service levels have improved greatly while product quality and variety have become better. However, the lack of market segmentation, partly due to government regulation, limits banks abilities to effectively target consumer groups, (which also hinders consumers information gathering and decision-making). Transformation of banking is hindered by China s poorly performing corporate sector, which strongly undermines banking profitability. China remains one of the weakest countries in terms of strength of the financial sector (Moody s), and the imminent WTO entry might result in disarray in the financial industry. Foreign banks with their sophisticated marketing have already put strong pressure on their Chinese counterparts, who are learning quickly. In the long run, the WTO entry and increased openness of the financial market will increase the competitiveness of the marketplace and enhance the development of the marketing of financial services in China. This dissertation will be divided into two parts. In the first part I will be talking about China s [...]
Download or read book China s Economic Rise written by Congressional Research Service and published by Createspace Independent Publishing Platform. This book was released on 2017-09-17 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prior to the initiation of economic reforms and trade liberalization 36 years ago, China maintained policies that kept the economy very poor, stagnant, centrally-controlled, vastly inefficient, and relatively isolated from the global economy. Since opening up to foreign trade and investment and implementing free market reforms in 1979, China has been among the world's fastest-growing economies, with real annual gross domestic product (GDP) growth averaging nearly 10% through 2016. In recent years, China has emerged as a major global economic power. It is now the world's largest economy (on a purchasing power parity basis), manufacturer, merchandise trader, and holder of foreign exchange reserves.The global economic crisis that began in 2008 greatly affected China's economy. China's exports, imports, and foreign direct investment (FDI) inflows declined, GDP growth slowed, and millions of Chinese workers reportedly lost their jobs. The Chinese government responded by implementing a $586 billion economic stimulus package and loosening monetary policies to increase bank lending. Such policies enabled China to effectively weather the effects of the sharp global fall in demand for Chinese products, but may have contributed to overcapacity in several industries and increased debt by Chinese firms and local government. China's economy has slowed in recent years. Real GDP growth has slowed in each of the past six years, dropping from 10.6% in 2010 to 6.7% in 2016, and is projected to slow to 5.7% by 2022.The Chinese government has attempted to steer the economy to a "new normal" of slower, but more stable and sustainable, economic growth. Yet, concerns have deepened in recent years over the health of the Chinese economy. On August 11, 2015, the Chinese government announced that the daily reference rate of the renminbi (RMB) would become more "market-oriented." Over the next three days, the RMB depreciated against the dollar and led to charges that China's goal was to boost exports to help stimulate the economy (which some suspect is in worse shape than indicated by official Chinese economic statistics). Concerns over the state of the Chinese economy appear to have often contributed to volatility in global stock indexes in recent years.The ability of China to maintain a rapidly growing economy in the long run will likely depend largely on the ability of the Chinese government to implement comprehensive economic reforms that more quickly hasten China's transition to a free market economy; rebalance the Chinese economy by making consumer demand, rather than exporting and fixed investment, the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental protection. The Chinese government has acknowledged that its current economic growth model needs to be altered and has announced several initiatives to address various economic challenges. In November 2013, the Communist Party of China held the Third Plenum of its 18th Party Congress, which outlined a number of broad policy reforms to boost competition and economic efficiency. For example, the communique stated that the market would now play a "decisive" role in allocating resources in the economy. At the same time, however, the communique emphasized the continued important role of the state sector in China's economy. In addition, many foreign firms have complained that the business climate in China has worsened in recent years. Thus, it remains unclear how committed the Chinese government is to implementing new comprehensive economic reforms.China's economic rise has significant implications for the United States and hence is of major interest to Congress. This report provides background on China's economic rise; describes its current economic structure; identifies the challenges China faces to maintain economic growth; and discusses the challenges, opportunities, and implications of China's economic rise.
Download or read book Banking on the Bund written by George Chen and published by John Wiley & Sons Incorporated. This book was released on 2011-05-14 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: It's undoubted that the Chinese market is full of opportunities. However, for foreign banks, even if they have great enthusiasm about China, their human and financial resources are limited against such a large market, let alone that they have to face the "besiegement" by the "four elephants." Therefore, they should consider how to try their best to work out the most suitable market strategies and strike a balance between the scale of local clients and profit maximization. Even for Chinese large- and medium-sized commercial banks, not all of their business sectors are strong. One or two well-known "knockout products" would be enough to help you survive the heated competition in the banking industry. Foreign bankers should first have a comprehensive and deep understanding of the history, current situation and prospect of China's financial industry before they can have a more precise and clearer picture of their strategies for future growth in China, according to Jack Reerink, New York-based global company news editor at Reuters. This book is about a summary of major international banks' past in China and analysis of different strategies and approaches to the vast financial markets can help readers shape their ideas about how foreign banks have changed China and how in turn these changes will affect foreign banks in the future.
Download or read book Oswaal CBSE LMP Last Minute Preparation System and 20 Combined Sample Question Papers Class 12 Commerce Stream Accountancy Business Studies Economics Mathematics English Core Set of 2 Books With Board Additional Practice Questions For 2024 Board Exams WinTheBoards written by Oswaal Editorial Board and published by Oswaal Books. This book was released on 2023-11-27 with total page 609 pages. Available in PDF, EPUB and Kindle. Book excerpt: Description of the Product: ✍ Board Additional Practice Papers Set 1 & 2: Released on 8th September and 8th November 2023, these are your secret weapons for rigorous exam practice. ✍ Chapter-wise/Topic-wise Revision Notes: Bridge those learning gaps by recalling the most crucial topic details. ✍ Mind Maps and Mnemonics: Simplify complex concepts for crisp recall, visualize and memorize with ease. ✍ Concept Videos: Reinforce your understanding with visual aids one last time. ✍Comprehensive Coverage: Curated with all Major subjects. ✍Confidence Booster: 700+Questions for Targeted improvement. ✍Curriculum Alignment: 4/5 sets of Sample Papers to stimulate exam pattern & format.
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Download or read book Managing International Business in China written by Xiaowen Tian and published by Cambridge University Press. This book was released on 2016-10-06 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: With the rise of China in the world economy, businesses from all over the world have moved to explore business opportunities in this market. Managing international business in a transition economy like China is a daunting challenge. Xiaowen Tian presents a practical guide to major managerial issues faced by foreign investors in the China market. These issues are analysed in the light of relevant theoretical models of international business, with reference to current management practices of transnational corporations operating in China. Featuring up-to-date case studies, figures, tables, and coverage of new and expanded topics, this second edition can be used as a textbook for undergraduate and postgraduate programmes in international business or other management disciplines, as well as in executive training programmes.
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Download or read book International Marketing written by Stanley Paliwoda and published by Routledge. This book was released on 2013-11-05 with total page 531 pages. Available in PDF, EPUB and Kindle. Book excerpt: The third edition of an established text, this book provides comprehensive treatment of international marketing issues and includes expanded coverage of Eastern Europe and the Pacific Rim. New for this edition are the expanded use of mini cases within the text to illustrate the latest developments in marketing, together with expanded coverage of: South East Asia and the Pacific Rim, Central and Eastern Europe, Globalization, Culture, Financial aspects of marketing. Included throughout are self-assessment and discussion questions, key terms, references and bibliography.
Download or read book Institutions and Economic Growth in Asia written by Flora Huang and published by Routledge. This book was released on 2018-03-20 with total page 328 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book explores the role of institutions in economic growth, looking in particular at specific Asian countries and at particular cities within those countries. It considers a wide range of factors besides institutions, including the law, cultural factors and overall government arrangements. The differences between the countries studied are highlighted, and the impact of these differences assessed: the impact of English common law on arrangements in Hong Kong, Singapore and Malaysia; sharia law in Malaysia; the differing lengths of time of colonial rule; the extent to which Chinese family businesses control an economy. Also studied are the degree to which the law is effectively applied, and a range of other social, economic and cultural factors. The book’s conclusions as to which factors have the greatest impact will be of considerable interest to economists of Asia and those interested in economic growth more widely.
Download or read book Making Of An Economic Superpower The Unlocking China s Secret Of Rapid Industrialization written by Yi Wen and published by World Scientific. This book was released on 2016-05-13 with total page 336 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rise of China is no doubt one of the most important events in world economic history since the Industrial Revolution. Mainstream economics, especially the institutional theory of economic development based on a dichotomy of extractive vs. inclusive political institutions, is highly inadequate in explaining China's rise. This book argues that only a radical reinterpretation of the history of the Industrial Revolution and the rise of the West (as incorrectly portrayed by the institutional theory) can fully explain China's growth miracle and why the determined rise of China is unstoppable despite its current 'backward' financial system and political institutions. Conversely, China's spectacular and rapid transformation from an impoverished agrarian society to a formidable industrial superpower sheds considerable light on the fundamental shortcomings of the institutional theory and mainstream 'blackboard' economic models, and provides more-accurate reevaluations of historical episodes such as Africa's enduring poverty trap despite radical political and economic reforms, Latin America's lost decades and frequent debt crises, 19th century Europe's great escape from the Malthusian trap, and the Industrial Revolution itself.
Download or read book China s Grand Strategy written by Andrew Scobell and published by Rand Corporation. This book was released on 2020-07-27 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: To explore what extended competition between the United States and China might entail out to 2050, the authors of this report identified and characterized China’s grand strategy, analyzed its component national strategies (diplomacy, economics, science and technology, and military affairs), and assessed how successful China might be at implementing these over the next three decades.
Download or read book Oswaal CBSE Sample Question Papers Class 12 Accountancy Business Studies Economics English Core Set of 4 Books For Board Exams 2024 2023 24 written by Oswaal Editorial Board and published by Oswaal Books. This book was released on 2023-09-26 with total page 918 pages. Available in PDF, EPUB and Kindle. Book excerpt: This product covers the following: ♦ Fresh & Relevant with 2024 CBSE SQP- Fully Solved & Analysed ♦ Score Boosting Insights with 500+Questions & 1000+ Concepts ♦ Insider Tips & Techniques with On-Tips Notes, Mind Maps & Mnemonics ♦ Exam Ready to Practice with 10 Highly Probable SQPs with Actual Board Answer- sheets
Download or read book Chinese Industrial Firms Under Reform written by William A. Byrd and published by World Bank. This book was released on 1992 with total page 458 pages. Available in PDF, EPUB and Kindle. Book excerpt: Reforms transformed the operating environment, financial arrangements, business and administrative relationships, and internal structure and motivation of Chinese state-owned industrial enterprises during the 1980s. This book, based on a collaborative research project between the World Bank and the Chinese Academy of Social Sciences, analyses these changes and their impact on enterprise behaviour and performance from the perspective of individual firms, through a series of detailed case studies. Themes emerging from this study include: the importance of market conditions in influencing enterprise actions; mandatory production planning as a serious obstacle to reforms and efficiency improvements; administrative influence over the permissable scope of enterprise activities and resulting problems; and the role of workers' interests in forming enterprise objectives.
Download or read book Sveriges Riksbank and the History of Central Banking written by Rodney Edvinsson and published by . This book was released on 2018-05-24 with total page 527 pages. Available in PDF, EPUB and Kindle. Book excerpt: Offers a comprehensive analysis of the historical experiences of monetary policymaking of the world's largest central banks. Written in celebration of the 350th anniversary of the central bank of Sweden, Sveriges Riksbank. Includes chapters on other banks around the world written by leading economic scholars.
Download or read book Oswaal CBSE Sample Question Papers Class 12 Economics For 2024 Exam written by Oswaal Editorial Board and published by Oswaal Books. This book was released on 2023-08-03 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: Description of the product: • Fresh & Relevant with 2024 CBSE SQP- Fully Solved & Analysed • Score Boosting Insights with 500+Questions & 1000+ Concepts • Insider Tips & Techniques with On-Tips Notes, Mind Maps & Mnemonics • Exam Ready to Practice with 10 Highly Probable SQPs with Actual Board Answer-sheets
Download or read book Transforming Agrarian Economies written by Thomas Patrick Tomich and published by Cornell University Press. This book was released on 1995 with total page 468 pages. Available in PDF, EPUB and Kindle. Book excerpt: The authors offer a broad-based development strategy to raise incomes through agricultural productivity growth and expanded rural employment. They present rich new information on the rural informal sector and on agriculture-industry interactions, and they analyze the impact of macroeconomic and social policies on the rural economy. Policy instruments aimed at bringing about broad-based development are carefully assessed - from fiscal policy to development of new seeds and farm implements.
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