Download Business and Technology in China (Understanding China Today) by Jing Luo PDF

By Jing Luo

Get an insightful, specialist examine the internal workings of China's enterprise international, highlighting the country's makes an attempt to enhance the clinical and technological base for a greener financial model.

• Charts and tables give you the most up-to-date data on China's financial system from a number of authoritative sources

• presents an inventory of on-line assets for additional exploration of China and its economy

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His key to success was to be able to secure funding to develop 8 million square meters (approximately 2,000 acres) of prime land and to market real estate at the peak of the market. Not every billionaire had smooth sailing; some worked their way up the hard way. Lu Guanqiu, 62, is chairman of the board and party secretary of Wanxiang Group, a manufacturing firm for automobile parts headquartered in the Zhejiang Province. 13 billion RMB and ranks number 33 in Forbes Richest Chinese 2007. Back in 1969, Lu headed the Ningwei County People’s Commune’s Farming Machinery Repair Shop and worked on the job for 10 years.

They are typically young, well educated, 8 Business and Technology in China and generally familiar with Western lifestyles. As consumers, they often shop online and spend heavily on discretionary items. They tend to buy the latest products and fashions that set them apart as trendsetters. Trend Followers tend to be junior whitecollar employees and civil servants who are newcomers to the middle class. They have a stable salary and some leisure time. Less well informed than trendsetters, they tend to wait for discounts and promotions.

Ms. ’’37 As a side note, Merrill Lynch was bought out by Bank of America in 2008 at the peak of the financial crisis. The most profound experience, one that marks China’s era of transition, belongs to a small and shy country woman. Tang 28 Business and Technology in China Ruiren was born in 1930 in Xiangtan County of the Hunan Province. Her family was so poor that she had to beg for a living in early years. At age 14, she was married into Shaoshan, Mao Zedong’s hometown. Like all hardworking women at the time, she was never able to go to school.

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