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Canadian Trade Minister: China bilateral trade to triple
Canada's International Trade Minister Stockwell Day discusses Canada's trade relationship with China, his recent trip to Hong Kong and the new Canadian trade office in mainland China.
China's Economic Worries
This episode the TVO's The Agenda with Steve Paikin is one of 3-part series on "the emerging story of China." In this episode, the focus is on the economy in China, which Paikin discusses with serveral China experts. To watch the video, please click here.
Despite years of wooing Chinese market, Canada is falling behind rest of the world in trade with China
"Canadian trade with China represents just a miniscule portion of Canada’s overall international trade and the country has a long way to go to fully take advantage of the opportunities presented by one of the world’s fastest growing markets, concludes a new study released today by independent research organization the Fraser Institute." To read more, please click here.
A Reassessment of Canada's interest in China and Options for Renewal of Canada's China Policy
"Because Canada is continuing to lose market share in China, the Government of Canada should clearly articulate its strategy for improving and promoting access to the Chinese market for Canadian business. This strategy should be focused on the distinctive characteristics of the Chinese market and business culture, and Canada's comparative advantage in that market vis-à-vis our competitors." To read more, please visit the Canadian International Council website by clicking here.
World Bank: Doing Business
The World Bank ranks countries every year based on the ease of doing business with them. In the 2009 report, China is ranked at #32, an increase over last year. While this ranking may seem low, incidentally, all of the other BRIC nations ranked at 120 or lower. To view the full report here: http://www.doingbusiness.org/economyrankings/
Seven ways China might suprise us in 2009
How do you think China will surprise the rest of the world next?
With so many eyes on this emerging Asian giant, what happens there continues to have an exceptional ability to draw attention and to shift perceptions drastically and suddenly.
In this short piece written to start a conversation with readers, McKinsey director Gordon Orr draws on his many years of experience in China and lays out seven scenarios of possible business, policy, and environmental events that could lead us to see China in a new light.
http://www.mckinseyquarterly.com/Strategy/Globalization/China_surprises
The Story of China Practice - Now available via free download
China's Economic Rise - Fact and Fiction
China's economy will surpass that of the United States by 2035 and be twice its size by midcentury, a new report by Albert Keidel concludes. China's rapid growth is driven by domestic demand – not exports – and will sustain high single-digit growth rates well into this century.
In China's Economic Rise – Fact and Fiction, Keidel examines China's likely economic trajectory and its implications for global commercial, institutional, and military leadership. Acces the article here http://www.carnegieendowment.org/publications/index.cfm?fa=view&id=20279&prog=zch
Reassessing China's state-owned enterprises
"From abroad, China’s state-owned enterprises appear to be either menacing agents of a foreign government or muscle-bound goons—heavy on brawn, light on brain. But as China’s economic and business environment evolves and grows, such simplistic views are less and less helpful. Public- and private-sector companies in China are not as easily differentiated by their management styles or by the challenges they face." Click here to read the full story.
China Goes Global: Competition from China - Two McKinsey Surveys
"Executives around the world expect competition from Chinese companies to increase, mainly because of their low production costs, yet surprisingly few are acting to meet the threat, a McKinsey survey shows. A separate survey of executives based in China reveals widespread global ambitions and concerns about finding the talent to reach them." View the whole story at:
http://www.mckinseyquarterly.com
Global Investment Strategies for China's Financial Institutions
"Chinese financial institutions are shopping the globe. After years of attracting investment from foreign companies—and trading access to China for practical expertise—Chinese banks and insurers are flush with cash and looking abroad for their own investment opportunities. Beyond financial returns, they hope to use these investments to hone their skills in areas such as risk management and product development. Our experience and analysis show that to maximize the opportunity, these companies must become more strategic in their approach." To view the full story:
http://www.mckinseyquarterly.com/
Negotiating In China
"When U.S. and Chinese businesspeople sit at the negotiating table, frustration is often the result." This Harvard Business Review excerpt summarizes the historical and cultural disconnects. Click the following link to view the full story: http://hbswk.hbs.edu/archive/3714.html
WHAT'S CHINA BUYING?
Find Out at China World Importers Net
http://win.mofcom.gov.cn/en/
"Everyone knows that China is a major world exporter, but you may not know that it's also the fifth largest importer in the world. If you'd like to research the market for your products in China, a good site to visit is China World Importers Net ( http://win.mofcom.gov.cn/en/ ). This site, sponsored by the Chinese government, has a wealth of information about Chinese importers. You can search dozens of industries and find Chinese companies, with contact information, company profiles, news, trade leads, upcoming trade events, catalogs, business directories, and much more. You can get more information if you register, and registration is free."
-From: FITA's Really Useful Sites
More Canadian Companies Moving Operations to Asia, APF Canada Survey Finds
"More Canadian companies than ever before are turning to Asia to produce goods and services for other foreign markets, including the United States. According to the latest annual Asian Investment Intentions Survey, undertaken by the Asia Pacific Foundation, just over a third of the companies surveyed report their activities in Asia are aimed at third-country markets – those outside Asia or Canada itself. Asia remains the target market for about half the Canadian companies in Asia, but only 17% are investing in Asia to ship goods back to Canada." The survey can be found here.
Exporting to China: A Guide for Canadian Businesses from EDC
Click here to download the full guide.
Operation China: From Strategy to Execution (Harvard Business School Press, December 2007)
"In this new book, partners Jimmy Hexter and Jonathan Woetzel of McKinsey & Company explain how and why the business landscape and consumer behaviors have changed in China and supply their perspective on what it takes for companies to win here today (McKinsey & Company)." Find out more by visiting: http://www.mckinsey.com/ideas/books/operationchina/index.asp
Doing Business 2008 - China (World Bank)
A detailed report (85 pages) on China by Doing Business. You'll find indicator values and details on starting a business, getting credit, and eight other topics, as well as values for benchmark countries.
http://www.doingbusiness.org/ExploreEconomies/?economyid=42
Resilience Report (strategy+business)
"When entering China, businesses can't rely on approaches that worked in their home markets. Leaders must consider the diversity of the country, as well as its social norms, changing regulatory environment, and uneven infrastructure. Executives who take a "helicopter view" and consider the context of their surroundings will be more likely to thrive in the Chinese marketplace."
To read the full Resilience Report:
http://www.strategy-business.com/resilience/rr00055
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