Author: Louis Zhang
One thing visitors like you want to visit when you arrive in Shanghai is the old and historical monuments of Shanghai. This is what distinguishes Shanghai from any other metropole city in the world; it kept a big part of history with it. There are a
couple of different places to visit and to help you maximise your time in Shanghai, I've come up with a top 5 of those places. Feel free to visit more if you have time!
Jade Buddha Temple
Also known as the Yu Fo Temple, this is the most famous buddhist temple in Shanghai. Located on An Yuan Road, this temple was rebuilt in 1928 and his a great place to go whether you are a buddhist or not, the peaceful and transcendent atmosphere adds a
kind of richness to our busy modern society. It may look old and not attractive from the outside but don't let that fool you, inside you will find two gorgeous white jade Buddha statues. One of the statue is a fascinating 2 meters high, 1,000 kilograms seated Buddha while the other one is a 1 meter long reclined Buddha.
Yu Yuan Garden & Bazaar
The most beautiful place in all of Shanghai is located at the heart of the city. If you were looking for old arechitectural buildings in Shanghai this is probably where you will find it. The garden itself has over 40 beautiful scenic spots for you to
see. Since it's a popular tourist attraction, you will find that there are a lot of restaurants and small shops nearby. You should take a look when you have time, the best dumpling restaurant is in that area.
Long Hua Pagoda & Long Hua Temple
Both of them are located in the Long Hua park on Long Hua road. The Long Hua temple is the biggest temple in Shanghai so if you want to see what's a big temple like you should visit there. A pagoda is an octagonal shaped tower and the Long Hua Pagoda is
the only one left in Shanghai. This seven stories pagoda is going to amaze you when you see it. Unfortunately, it's not open to the public because of security purposes.
Qi Bao Ancient Town
Ever wondered what a water town looked like? Qi Bao is the only place left in the city of Shanghai. This small and peaceful town is really great because unlike most water towns in china, this one is not long in distance and there's no rush of crowds. What will you find? Most of it of course are magnificent old Chinese style buildings and the Qi Bao temple. Others activities such as the Qi Bao crickets, shadow play and snacks will tempt you even more.
Former Residence of Sun Yat-Sen
This is the residence of a deceased politician. Seems boring? Not exactly as this is the residence of one of the most important politicians in Chinese history. Sun Yat-Sen was the founder of the Republic of China and the main contributor to Chinese modern history. If you like to learn about historic events, by walking through his doors, you will see how this great man led his life as nothing was touched in his house after his death.
About the author:
For more tips and details about visiting Shanghai, China, be sure to visit Louis Zhang's Cool Shanghai Guide - a cool guide to planning and having a great time in Shanghai.
2007-05-14
2007-05-10
Auto Shanghai 2007 ends successfully - WEGSIE
Author: Benjamin Hudson
The World Expo Group Shanghai International Exhibition (WEGSIE)Co. Ltd. announced that Auto Shanghai 2007, revolving on the theme "Technology and Nature in Harmony", ended with great success last April 28. Auto Shanghai 2007 attracted over 1300 exhibitors from 21 countries and regions with a total exhibition scale of 140000 square meters. The organizers said they have dedicated themselves to positioning Auto Shanghai as an A-Class auto show by showcasing professionalism, internationalization and branding.
Well known Brands' automobile groups treat Auto Shanghai as one of the important international A-Class auto shows, no matter what the investments, quantity, or quality of exhibited vehicles, the first appearance cars and concept cars are.
Present during the press day were General Motors Corporation Chairman G. Richard Wagoner Jr.; BMW Chairman Dr. Norbert Reithofer; Volkswagen Group Executive Vice President Dr. h.c. Winfried Vahland; Toyota Motor Group Vice Chairman Yoshi Inaba; and well-known vehicles designers.
Based on the theme of the Auto Shanghai 2007, which was'Technology and Nature in Harmony', exhibitors showcased and unveiled their energy saving, solar energy, non-air polluting cars. This made the Auto Shanghai 2007 a high-tech event which has the ability to profoundly transform the concept of car.
Eight hundred sixty eight was the total number of exhibited cars, overseas cars numbered to 265, among which 130 were imported directly from overseas and 603 were domestically manufactured cars. There were a total of 5 global first
appearance cars, over 20 concept cars, 10 new energy cars, which rank the top among all editions, on display that offered the visitors a broad range of choices.
During the whole exhibition period that was from April 20 to 28,over 500,000 visitors from 108 countries and regions came to visit Auto Shanghai 2007. The 22nd of April was the first day the show was opened to trade visitors. One hundred three
thousand five hundred sixty seven (103,567) visitors from 92 countries and regions showed up, topping in visitors per day the previous record in the history of Auto Shanghai.
In line with the international service standard, organizers have launched a series of high-tech and human-oriented services solutions. The organizers were well prepared with comprehensive plans in advance and launched on site emergency resolutions, which ensured the on site feedback in a timely manner.
Each news media outlet has shown great interest in the said auto exhibition. The international mainstream media, like AP, Reuters, AFP, BBC, NHK, CNN, The Auto Channel, Forbes, Bloomberg LP, Dow Jones, Japanese Economic News, JNA Jijiga News Agency, and others covered Auto Shanghai 2007. CCTV, SMG Beijing Jiaotong Channel, and such portals and noted websites such as Sina, Sohu, and Netease also reported on Auto Shanghai 2007 in a comprehensive way. During the exhibition, media centers greeted 6286 journalists from China and abroad in 43 different countries and regions.
About the author:
Benjamin Hudson works as a supervisor at one of the top engineering firms in the business district of Louisiana. He is also a freelance journalist and has passion for anything automotive.
The World Expo Group Shanghai International Exhibition (WEGSIE)Co. Ltd. announced that Auto Shanghai 2007, revolving on the theme "Technology and Nature in Harmony", ended with great success last April 28. Auto Shanghai 2007 attracted over 1300 exhibitors from 21 countries and regions with a total exhibition scale of 140000 square meters. The organizers said they have dedicated themselves to positioning Auto Shanghai as an A-Class auto show by showcasing professionalism, internationalization and branding.
Well known Brands' automobile groups treat Auto Shanghai as one of the important international A-Class auto shows, no matter what the investments, quantity, or quality of exhibited vehicles, the first appearance cars and concept cars are.
Present during the press day were General Motors Corporation Chairman G. Richard Wagoner Jr.; BMW Chairman Dr. Norbert Reithofer; Volkswagen Group Executive Vice President Dr. h.c. Winfried Vahland; Toyota Motor Group Vice Chairman Yoshi Inaba; and well-known vehicles designers.
Based on the theme of the Auto Shanghai 2007, which was'Technology and Nature in Harmony', exhibitors showcased and unveiled their energy saving, solar energy, non-air polluting cars. This made the Auto Shanghai 2007 a high-tech event which has the ability to profoundly transform the concept of car.
Eight hundred sixty eight was the total number of exhibited cars, overseas cars numbered to 265, among which 130 were imported directly from overseas and 603 were domestically manufactured cars. There were a total of 5 global first
appearance cars, over 20 concept cars, 10 new energy cars, which rank the top among all editions, on display that offered the visitors a broad range of choices.
During the whole exhibition period that was from April 20 to 28,over 500,000 visitors from 108 countries and regions came to visit Auto Shanghai 2007. The 22nd of April was the first day the show was opened to trade visitors. One hundred three
thousand five hundred sixty seven (103,567) visitors from 92 countries and regions showed up, topping in visitors per day the previous record in the history of Auto Shanghai.
In line with the international service standard, organizers have launched a series of high-tech and human-oriented services solutions. The organizers were well prepared with comprehensive plans in advance and launched on site emergency resolutions, which ensured the on site feedback in a timely manner.
Each news media outlet has shown great interest in the said auto exhibition. The international mainstream media, like AP, Reuters, AFP, BBC, NHK, CNN, The Auto Channel, Forbes, Bloomberg LP, Dow Jones, Japanese Economic News, JNA Jijiga News Agency, and others covered Auto Shanghai 2007. CCTV, SMG Beijing Jiaotong Channel, and such portals and noted websites such as Sina, Sohu, and Netease also reported on Auto Shanghai 2007 in a comprehensive way. During the exhibition, media centers greeted 6286 journalists from China and abroad in 43 different countries and regions.
About the author:
Benjamin Hudson works as a supervisor at one of the top engineering firms in the business district of Louisiana. He is also a freelance journalist and has passion for anything automotive.
2007-05-06
Economic Report on China
Author: Jeff Stats
Half a century ago nobody could even imagine the pace of growing that China is experiencing right now. Back then it was simply a country with a devastated by war economy that was just starting to recover from the most difficult periods in its history. Even a quarter of the century before when if was in the sunset of Mao
period the future outcomes and opportunities for this country were not the best ones, they really looked unpromising. As of
the beginning of this century China has the greatest pace of development among other countries of the world. Fifty years ago, no one could even closely estimate how China would grow. This fact sort of pushes back from any certain assumptions about the future China's development. Anyways, for the past decade China has become one of the world's leaders in production and economic growth. Since it has a great potential a great number of investors chose China to invest their money in. As the result for the past couple of years China started to experiencing overinvestment that is pretty dangerous and can easily cause a great place for investment to simply burst like a bubble. However, the country continues to show decent results in
economic growth. From the beginning of implementation of economic reforms in China the country has experienced cycles of rushes in economic activity and inflation that were chased by phases of retrenchment. In the 1980's two cycles were finished
by hard landings. It could be easily seen in 1986-90 cycle. It started with loosening the monetary and fiscal policies that resulted troubles for SOEs. In 1988 inflation was as high as 19 percent which actually caused the government to respond with reconsidering policies. They managed to take inflation into control but the administrative measures had bad consequences for allocation of resources. Another cycle of 1991-97 started with a rise in government spendings and loosing up bank's credit policies. In 1992 China faced the investment boom which was quite similar to the one it is facing right now. The investment boom resulted GDP to grow by 14 percent. Demand forces resultedan increase of inflation. Government's response was a "16-point" plan to cool the economy that they adopted in 1993. The key points of the plan were aimed to rise the interest rates, make the process of giving the loans to commercial banks by the central bank more strict and complicated, and also limit
investment approvals. The tightening was reversed by the end of 1993. This was a base for a highest rate of inflation that occurred in China in 1994. It was as high as 24 percent. The government actually achieved the stabilization of economy in
1996, and the inflation was even less than 10 percent. While a soft landing was achieved, the rapid pace of credit growth in 1992-96 contributed to the weakness of the financial sector today. Most of the non-performing loans in the banking system
date from this period.
The speed of economic movement in China greatly increased in 2003, regardless the SARS outbreak. The growth of GDP was at a mark of 10 percent for 2003 and it continued to grow with the same pace in 2004. This was mainly caused by great level of investment. CPI inflation was as high as 4.4 percent in May. Overinvestment in some sectors of the economy caused a great threat of a problem. Responding to that, Chinese government made monetary and administrative policies a bit stricter to prevent the potential overheating of the economy. Money and credit rates have decreased but they still remain about 18 percent per year as of midst 2004. Real GDP growth also owes to an increase in export. Fixed capital formation has increased by 20 percent in real terms (the fastest rate since 1993) achieving 44 percent of
GDP. Due to SARS epidemic that was in the second quarter of 2003, consumption growth has decreased comparing to 2002. However, the influence of SARS was only for a short period of time and a country has fully recovered from it later in the year. Export growth was 35 percent in 2003 comparing to 22 percent in 2002. This mainly happened due to China's acquired of big market shares in major industrialized countries. As well as exports, imports showed a great percentage of growth as the demand grew especially for raw materials. CPI inflation increased to 4.4 percent in May 2004 that resulted increases in prices for groceries. If not take to account the increase in food prices, inflation had a slight positive effect on the economy just as this rate of inflation should have. The increase of food prices was also caused by the decrease of the cultivation area and summer draught that took place a year before.
China's integration into the world's economy will create harsh difficulties for a great number of countries. During the last 20 years, China's trade expanded at double the rate of world trade. Today China is one of the world's top trading nations, and has 4% of total world trade, comparing to 1% in 1980. Nevertheless,
China's exports and trade surpluses are achieving politically sensitive levels, and more stress on export-led increase may not be sustainable. China itself is still a quite closed market, for imports of goods and even more closed for imports of services. Letting the imports to China's markets, particularly as a memberof WTO, can offer more reasonable development and simplify the international stresses arising from China's transformation. The importance of China in external trade, especially in the region's production chain saved its growing trend. China's exports and imports achieved 60 percent of GDP in 2003 and these amounts made country fourth largest exporter in the world. The increasing importance of China in the world's production of manufactured goods and rising domestic demand caused other sectors of China's economy to grow, and also resulted the raise in prices for a lot of goods. China's imports that are mainly from Asia also got bigger and China's trade deficit with the region enlarged but the trade with the U.S. and Europe balances it back. The general trade surplus was $45 billion which is about 3 percent of GDP. China's international position continues to grow stronger. The current account surplus increased by a half percentage point in 2003 to three and a half percent of GDP. Official reserves grew by $162 billion in 2003. External debt increased to $200 billion in 2003 but it is very modest to exports and GDP. By the end of May 2004 China had a trade deficit of $9 billion as compared to $2 billion of surplus that
it had for at the same time of the previous year.
The drive for investment by recent local governments that started by the end of 2002 was stimulated by extensive excess liquidity in China's banking system. People's Bank of China was worried about fast credit growth that was easy to see even in
the beginning of 2003 but its policies were delayed by SARS epidemic. Significant increase in capital inflows made it more difficult for PBC to implement the monetary policies. However, they managed to do that, in July 2003 PBC increased the reserve
requirement by one percent and also announced a planned increase of ½ percent in April 2004. By doing this they tried to reduce the credit growth to banks. To deter the increase of overinvestment in branches of economy that have already faced it, the government made stricter lending standards. To finish up PBC raised short-term relending by 0.6 and rediscount rates by 0.3 percent in March 2004.
If China continues to develop as it is doing right now then by the midst of this century it will have developed actually three transitions. First and at the same time the one of greatest importance is the transition from a planned to a market economy. Second is from agrarian to an industrialized country. Last, but certainly not least, from a centralized to a participatory government.
Only a half century ago, it was very difficult to predict great China's development that it is facing today. Simply like nobody thought that Japan could reach the level that the country is on right now, nobody even could forecast the pace of China's
development. According to forecasts of some prominent economic scholars, by the midst of this century China's economy will grow to about $20 trillion and would be about 4/5 of the United States economy. The income per capita in China can grow to about US$12,000 which is equal to the Korean's before the Asian financial crisis. GDP of only Hong Kong, Macao, and Guangdong could be equal to France's GDP. Chinese currency the renminbi will become a one of the major world's currencies along with
euro, U.S. dollar and yen. If they keep up with the pace of development, Shanghai could be world's financial center. With the renminbi becoming fully convertible in the world, Shanghai could rise to the level of London and New York City.
New technology and knowledge will gradually develop to a high level as the country expands it integration. In couple of generations Chinese scholars and scientists could be a fresh source of brilliant ideas and innovations. China sets up a good
base for its future generations, giving a good opportunity for a great number of students to go study abroad and get mostly western ideas and worldviews.
China of course has some difficulties that can result very unpleasant consequences not only for the country but for investors as well. Some possible outcomes are probable failure of the banking system, enormous level of unemployment that can
be resulted by the reforms of government enterprises, considerable hardships with the level of the environment. To continue the growth rates China needs creative but at the same time practical leaders. Another great change that might effect
China's future development is changes in values of its citizens. As most of Chinese nowadays adopting the lifestyles of Europeans, Americans, and Japanese China will have a totally different society in thirty years or so. People will desire of
better level of life, similar to the level of Japanese and Europeans. Conclusion
A lot of hopes are put into China's development due to the determination and pragmatism of Chinese leaders. The governing of the country has been positively changing or almost twenty years. China also has a great potential in its younger
generation, it is an advantage for those young people to go study abroad and then implement all their knowledge it their home country that still has so many areas that need development. In the best position are those that are in their 20s and 30s.
They will be running the country in twenty years when China will be a great industrialized power. It will not be the center of the world, as many like to forecast for China, it will simply be one of the advanced countries.
China now faces one of the most destructive problems that all the developing countries have which is corruption. It is dangerous because it slows down the country's development and is very difficult to be deterred. Despite all the difficulties that China faces on its crossroads of the development, it has great
pragmatic leaders are capable of taking the country up to the new level. China has a great potential to construct modern economy by the 50's of this century. It will surely become one of the most important countries in the world. It is obvious even
now that China will become the largest trading country in the world. Due to its partners China has a great opportunity to become one of the financial leaders of the world. If China stays on the same track of its development and keeps up with its speed it will surely become a very modern and greatly confident country.
About the author:
Jeff Stats is a writer at
essay writing service
Half a century ago nobody could even imagine the pace of growing that China is experiencing right now. Back then it was simply a country with a devastated by war economy that was just starting to recover from the most difficult periods in its history. Even a quarter of the century before when if was in the sunset of Mao
period the future outcomes and opportunities for this country were not the best ones, they really looked unpromising. As of
the beginning of this century China has the greatest pace of development among other countries of the world. Fifty years ago, no one could even closely estimate how China would grow. This fact sort of pushes back from any certain assumptions about the future China's development. Anyways, for the past decade China has become one of the world's leaders in production and economic growth. Since it has a great potential a great number of investors chose China to invest their money in. As the result for the past couple of years China started to experiencing overinvestment that is pretty dangerous and can easily cause a great place for investment to simply burst like a bubble. However, the country continues to show decent results in
economic growth. From the beginning of implementation of economic reforms in China the country has experienced cycles of rushes in economic activity and inflation that were chased by phases of retrenchment. In the 1980's two cycles were finished
by hard landings. It could be easily seen in 1986-90 cycle. It started with loosening the monetary and fiscal policies that resulted troubles for SOEs. In 1988 inflation was as high as 19 percent which actually caused the government to respond with reconsidering policies. They managed to take inflation into control but the administrative measures had bad consequences for allocation of resources. Another cycle of 1991-97 started with a rise in government spendings and loosing up bank's credit policies. In 1992 China faced the investment boom which was quite similar to the one it is facing right now. The investment boom resulted GDP to grow by 14 percent. Demand forces resultedan increase of inflation. Government's response was a "16-point" plan to cool the economy that they adopted in 1993. The key points of the plan were aimed to rise the interest rates, make the process of giving the loans to commercial banks by the central bank more strict and complicated, and also limit
investment approvals. The tightening was reversed by the end of 1993. This was a base for a highest rate of inflation that occurred in China in 1994. It was as high as 24 percent. The government actually achieved the stabilization of economy in
1996, and the inflation was even less than 10 percent. While a soft landing was achieved, the rapid pace of credit growth in 1992-96 contributed to the weakness of the financial sector today. Most of the non-performing loans in the banking system
date from this period.
The speed of economic movement in China greatly increased in 2003, regardless the SARS outbreak. The growth of GDP was at a mark of 10 percent for 2003 and it continued to grow with the same pace in 2004. This was mainly caused by great level of investment. CPI inflation was as high as 4.4 percent in May. Overinvestment in some sectors of the economy caused a great threat of a problem. Responding to that, Chinese government made monetary and administrative policies a bit stricter to prevent the potential overheating of the economy. Money and credit rates have decreased but they still remain about 18 percent per year as of midst 2004. Real GDP growth also owes to an increase in export. Fixed capital formation has increased by 20 percent in real terms (the fastest rate since 1993) achieving 44 percent of
GDP. Due to SARS epidemic that was in the second quarter of 2003, consumption growth has decreased comparing to 2002. However, the influence of SARS was only for a short period of time and a country has fully recovered from it later in the year. Export growth was 35 percent in 2003 comparing to 22 percent in 2002. This mainly happened due to China's acquired of big market shares in major industrialized countries. As well as exports, imports showed a great percentage of growth as the demand grew especially for raw materials. CPI inflation increased to 4.4 percent in May 2004 that resulted increases in prices for groceries. If not take to account the increase in food prices, inflation had a slight positive effect on the economy just as this rate of inflation should have. The increase of food prices was also caused by the decrease of the cultivation area and summer draught that took place a year before.
China's integration into the world's economy will create harsh difficulties for a great number of countries. During the last 20 years, China's trade expanded at double the rate of world trade. Today China is one of the world's top trading nations, and has 4% of total world trade, comparing to 1% in 1980. Nevertheless,
China's exports and trade surpluses are achieving politically sensitive levels, and more stress on export-led increase may not be sustainable. China itself is still a quite closed market, for imports of goods and even more closed for imports of services. Letting the imports to China's markets, particularly as a memberof WTO, can offer more reasonable development and simplify the international stresses arising from China's transformation. The importance of China in external trade, especially in the region's production chain saved its growing trend. China's exports and imports achieved 60 percent of GDP in 2003 and these amounts made country fourth largest exporter in the world. The increasing importance of China in the world's production of manufactured goods and rising domestic demand caused other sectors of China's economy to grow, and also resulted the raise in prices for a lot of goods. China's imports that are mainly from Asia also got bigger and China's trade deficit with the region enlarged but the trade with the U.S. and Europe balances it back. The general trade surplus was $45 billion which is about 3 percent of GDP. China's international position continues to grow stronger. The current account surplus increased by a half percentage point in 2003 to three and a half percent of GDP. Official reserves grew by $162 billion in 2003. External debt increased to $200 billion in 2003 but it is very modest to exports and GDP. By the end of May 2004 China had a trade deficit of $9 billion as compared to $2 billion of surplus that
it had for at the same time of the previous year.
The drive for investment by recent local governments that started by the end of 2002 was stimulated by extensive excess liquidity in China's banking system. People's Bank of China was worried about fast credit growth that was easy to see even in
the beginning of 2003 but its policies were delayed by SARS epidemic. Significant increase in capital inflows made it more difficult for PBC to implement the monetary policies. However, they managed to do that, in July 2003 PBC increased the reserve
requirement by one percent and also announced a planned increase of ½ percent in April 2004. By doing this they tried to reduce the credit growth to banks. To deter the increase of overinvestment in branches of economy that have already faced it, the government made stricter lending standards. To finish up PBC raised short-term relending by 0.6 and rediscount rates by 0.3 percent in March 2004.
If China continues to develop as it is doing right now then by the midst of this century it will have developed actually three transitions. First and at the same time the one of greatest importance is the transition from a planned to a market economy. Second is from agrarian to an industrialized country. Last, but certainly not least, from a centralized to a participatory government.
Only a half century ago, it was very difficult to predict great China's development that it is facing today. Simply like nobody thought that Japan could reach the level that the country is on right now, nobody even could forecast the pace of China's
development. According to forecasts of some prominent economic scholars, by the midst of this century China's economy will grow to about $20 trillion and would be about 4/5 of the United States economy. The income per capita in China can grow to about US$12,000 which is equal to the Korean's before the Asian financial crisis. GDP of only Hong Kong, Macao, and Guangdong could be equal to France's GDP. Chinese currency the renminbi will become a one of the major world's currencies along with
euro, U.S. dollar and yen. If they keep up with the pace of development, Shanghai could be world's financial center. With the renminbi becoming fully convertible in the world, Shanghai could rise to the level of London and New York City.
New technology and knowledge will gradually develop to a high level as the country expands it integration. In couple of generations Chinese scholars and scientists could be a fresh source of brilliant ideas and innovations. China sets up a good
base for its future generations, giving a good opportunity for a great number of students to go study abroad and get mostly western ideas and worldviews.
China of course has some difficulties that can result very unpleasant consequences not only for the country but for investors as well. Some possible outcomes are probable failure of the banking system, enormous level of unemployment that can
be resulted by the reforms of government enterprises, considerable hardships with the level of the environment. To continue the growth rates China needs creative but at the same time practical leaders. Another great change that might effect
China's future development is changes in values of its citizens. As most of Chinese nowadays adopting the lifestyles of Europeans, Americans, and Japanese China will have a totally different society in thirty years or so. People will desire of
better level of life, similar to the level of Japanese and Europeans. Conclusion
A lot of hopes are put into China's development due to the determination and pragmatism of Chinese leaders. The governing of the country has been positively changing or almost twenty years. China also has a great potential in its younger
generation, it is an advantage for those young people to go study abroad and then implement all their knowledge it their home country that still has so many areas that need development. In the best position are those that are in their 20s and 30s.
They will be running the country in twenty years when China will be a great industrialized power. It will not be the center of the world, as many like to forecast for China, it will simply be one of the advanced countries.
China now faces one of the most destructive problems that all the developing countries have which is corruption. It is dangerous because it slows down the country's development and is very difficult to be deterred. Despite all the difficulties that China faces on its crossroads of the development, it has great
pragmatic leaders are capable of taking the country up to the new level. China has a great potential to construct modern economy by the 50's of this century. It will surely become one of the most important countries in the world. It is obvious even
now that China will become the largest trading country in the world. Due to its partners China has a great opportunity to become one of the financial leaders of the world. If China stays on the same track of its development and keeps up with its speed it will surely become a very modern and greatly confident country.
About the author:
Jeff Stats is a writer at
essay writing service
How to do business in China
Author: RepGlobal
The economic explosion of China
China is one of the most promising countries of this 21stcentury from an economic standpoint. The economy is soaring.China is one of the only countries that experience a two digitgrowth. The size of the Chinese market is huge. China was the first country to reach one billion people, and they are nowclose to 1.5 billion.
A short trip to Shanghai allows a quick evaluation of thecountry's rate of economic development. Wherever you look youwill see cranes. Constructions of skyscrapers are everywhere.They replace the traditional three or four story homes. It is said that if you go to Shanghai once a year, you will not recognize the landscape from one visit to the next.
The emergence of China goes together with an uprise of thequality of life. There is now a large, wealthy middle class in the major cities.
From an industrial standpoint, Chinese companies are in constant development. Very competitive world-class companies are emerging. They are competing in global markets against the best American and European companies.
Between Modernism and Tradition
But China remains a traditional country in its approach to commercial trade. Deeply anchored into an ancient culture, the Chinese market is difficult to enter for a foreign company.
Business in China can only be done by relationships. You have to be properly introduced to the person you want to meet with by one of your relations. It is unthinkable for example to pick up the phone and call a company to try to sell your products. This practice is considered provoking, even insulting, and certainly
opposed to traditions. You will most likely close doors if you try to go this route.
This seems unthinkable for a European or an American, used to a market-driven economy. It seems like good business practice to them to pick up the phone and call a prospect. A CEO can call the CEO of another company to discuss synergies between their two companies. Not in China.
You also need to know that Chinese society is very hierarchical and seniority is a dominant factor. In a company the oldest person is generally the highest ranked person as well.
Many companies fail their introduction to the chinese market, either by ignorance of the local customs, or by thinking that economic development would change the traditions. But the companies that succeed are the ones that adapt to the Chinese
culture.
You must have a sales representative
You cannot call prospects directly. How can you make business then? Find a local sales representative. Only he will find the necessary connections that will introduce your company to your prospects.
When choosing a sales representative, make sure that he has the right connections in the industry you are targeting. Choose an experienced person who already has a full address book. A sales representative that is already in your industry, or that
represents other companies in your industry, or that worked for your competitors, will be the best sales agent.
Seniority being an important factor, make sure that your sales representative is old enough to be respected. A sales representative that is less than 40 years old will generally be less respected and his opinion may not matter as much.
About the author:
RepGlobal is a website that networks manufacturers with sales representatives and distributors worldwide.
The economic explosion of China
China is one of the most promising countries of this 21stcentury from an economic standpoint. The economy is soaring.China is one of the only countries that experience a two digitgrowth. The size of the Chinese market is huge. China was the first country to reach one billion people, and they are nowclose to 1.5 billion.
A short trip to Shanghai allows a quick evaluation of thecountry's rate of economic development. Wherever you look youwill see cranes. Constructions of skyscrapers are everywhere.They replace the traditional three or four story homes. It is said that if you go to Shanghai once a year, you will not recognize the landscape from one visit to the next.
The emergence of China goes together with an uprise of thequality of life. There is now a large, wealthy middle class in the major cities.
From an industrial standpoint, Chinese companies are in constant development. Very competitive world-class companies are emerging. They are competing in global markets against the best American and European companies.
Between Modernism and Tradition
But China remains a traditional country in its approach to commercial trade. Deeply anchored into an ancient culture, the Chinese market is difficult to enter for a foreign company.
Business in China can only be done by relationships. You have to be properly introduced to the person you want to meet with by one of your relations. It is unthinkable for example to pick up the phone and call a company to try to sell your products. This practice is considered provoking, even insulting, and certainly
opposed to traditions. You will most likely close doors if you try to go this route.
This seems unthinkable for a European or an American, used to a market-driven economy. It seems like good business practice to them to pick up the phone and call a prospect. A CEO can call the CEO of another company to discuss synergies between their two companies. Not in China.
You also need to know that Chinese society is very hierarchical and seniority is a dominant factor. In a company the oldest person is generally the highest ranked person as well.
Many companies fail their introduction to the chinese market, either by ignorance of the local customs, or by thinking that economic development would change the traditions. But the companies that succeed are the ones that adapt to the Chinese
culture.
You must have a sales representative
You cannot call prospects directly. How can you make business then? Find a local sales representative. Only he will find the necessary connections that will introduce your company to your prospects.
When choosing a sales representative, make sure that he has the right connections in the industry you are targeting. Choose an experienced person who already has a full address book. A sales representative that is already in your industry, or that
represents other companies in your industry, or that worked for your competitors, will be the best sales agent.
Seniority being an important factor, make sure that your sales representative is old enough to be respected. A sales representative that is less than 40 years old will generally be less respected and his opinion may not matter as much.
About the author:
RepGlobal is a website that networks manufacturers with sales representatives and distributors worldwide.
2007-05-05
A Visit To Shanghai, China. Part One.
It looks like all roads leads to China these days. If you are into business, attending one training course,or taking a vacation , your most likely destination could be one Chinese city or the other. China is fast becoming an ecomnomic powerhouse and with it comes properity and modernization. China is also one of the few places not affected by modern terrorism. So how about taking a visit to china on your next vacation. One of the most beautiful cities in china is shanghai. One thing that strikes one immediately about the city of shanghai is that there are a lot of highrise (skyscraper) buildings. The density of highrise buildings is comparable to that of Newyork city. Shanghai is also one of the most prosperous cities in China. There are interesting places to visit in shanghai. In part one of this article on shanghai I will be writing on the places you can visit while vacationing or doing business in shanghai.
One of the most interesting places to visit in Shanghai, china is the the Bund. It is located in the Huangpu district, in the central part of Shanghai. It is a place you can go and relax with your spouse or girlfriend or even by yourself. It is an open place that overlooks the Huangpu River. This river runs right across the city of Shanghai. On the other side of the Bund is the Oriental Pearl Tower. The tower is about 396 ft high and can be seen clearly from the Bund.
At the Bund, there are relaxation spots where you can sit, take pictures and generally feel the cool breeze from the river. You are sure to find the usual hawkers of various kinds of souvenirs and fake wrist watches of all kinds. If you want you could pay a small amount of yuan (chinese currency)and take a ride on one of the numerous boats that ply the river so that you can have a good view of the Oriental Pearl Tower from the river. One of the interesting things you can do on the Bund is take pictures with your back to the tower. The background is fantastic. You could even use the picture for a postcard.
The oriental pearl tower is another very interesting tourist spot to visit. The tower, when you get close to it, is an achitectural masterpirce and a beauty to behold. It is just like the Eiffel tower in paris. You pay a small amount to enter through the base of the tower where the lift that will take you up is situated. There are three stages of the tower corresponding to three differrent hieghts. The higher you go the more money you pay. I highly recommend going all the way to the top. That is where the best view is. The lifts are high speed lifts that will take you to the top in seconds. This is also a good spot for taking pictures. Two most interesting things about the tower is the view, which is fantastic from the top most spot on the tower. Another is the sourvenirs you can find. This a place to buy gift items of various kinds that depict the city of shanghai. There are restaurants and spots where you can relax to catch your breath,and take pictures.
Another interesting place in Shanghai is the Peoples Square. This is an historic place. It used to be where people go to gather to make speeches. The place is made up of beautiful flowers and scenery.
Very close to the peoples square is one of the most famous shopping street in the whole of china. That is the Nanjin street. It is a street with modern shopping malls comparable to malls like printemp or galarylaffayete in paris. Here you will find all you could ever dream of having. That is if you have the money to pay for it. The prices of items here are government controlled. That is you may not find great differences in prices of items amongst the various shops. But you are free to bargain. Usually with a calculator.There are many peculairities of life in China. Especially for a foreigner. These are things anyone should know before visiting China. Some of these i will be writing about in part two of a "trip to Shanghai China".
One of the most interesting places to visit in Shanghai, china is the the Bund. It is located in the Huangpu district, in the central part of Shanghai. It is a place you can go and relax with your spouse or girlfriend or even by yourself. It is an open place that overlooks the Huangpu River. This river runs right across the city of Shanghai. On the other side of the Bund is the Oriental Pearl Tower. The tower is about 396 ft high and can be seen clearly from the Bund.
At the Bund, there are relaxation spots where you can sit, take pictures and generally feel the cool breeze from the river. You are sure to find the usual hawkers of various kinds of souvenirs and fake wrist watches of all kinds. If you want you could pay a small amount of yuan (chinese currency)and take a ride on one of the numerous boats that ply the river so that you can have a good view of the Oriental Pearl Tower from the river. One of the interesting things you can do on the Bund is take pictures with your back to the tower. The background is fantastic. You could even use the picture for a postcard.
The oriental pearl tower is another very interesting tourist spot to visit. The tower, when you get close to it, is an achitectural masterpirce and a beauty to behold. It is just like the Eiffel tower in paris. You pay a small amount to enter through the base of the tower where the lift that will take you up is situated. There are three stages of the tower corresponding to three differrent hieghts. The higher you go the more money you pay. I highly recommend going all the way to the top. That is where the best view is. The lifts are high speed lifts that will take you to the top in seconds. This is also a good spot for taking pictures. Two most interesting things about the tower is the view, which is fantastic from the top most spot on the tower. Another is the sourvenirs you can find. This a place to buy gift items of various kinds that depict the city of shanghai. There are restaurants and spots where you can relax to catch your breath,and take pictures.
Another interesting place in Shanghai is the Peoples Square. This is an historic place. It used to be where people go to gather to make speeches. The place is made up of beautiful flowers and scenery.
Very close to the peoples square is one of the most famous shopping street in the whole of china. That is the Nanjin street. It is a street with modern shopping malls comparable to malls like printemp or galarylaffayete in paris. Here you will find all you could ever dream of having. That is if you have the money to pay for it. The prices of items here are government controlled. That is you may not find great differences in prices of items amongst the various shops. But you are free to bargain. Usually with a calculator.There are many peculairities of life in China. Especially for a foreigner. These are things anyone should know before visiting China. Some of these i will be writing about in part two of a "trip to Shanghai China".
About the Author
The Author, Salihu Ibrahim, is widely travelled. He has written some fasinating articles based on his experiences for would be travellers. To read part two and more of his articles and other writers' on travel tips visit http://www.tips-for-travellers.com
2007-05-02
The Story of China...
The Republic of China
Main article: History of the Republic of China
Frustrated by the Qing court's resistance to reform and by China's weakness, young officials, military officers, and students—inspired by the revolutionary ideas of Sun Yat-sen (孫中山) —began to advocate the overthrow of the Qing Dynasty and creation of a republic. A revolutionary military uprising, the Wuchang Uprising, began on October 10, 1911 in Wuhan (武漢). The provisional government of the Republic of China (中華民國) was formed in Nanjing on March 12, 1912 with Sun Yat-sen as President, but Sun was forced to turn power over to Yuan Shikai (袁世凱) who commanded the New Army and was Prime Minister under the Qing government, as part of the agreement to let the last Qing monarch abdicate (a decision he would later regret). Yuan Shikai proceeded in the next few years to abolish the national and provincial assemblies and declared himself emperor in 1915. Yuan's imperial ambitions were fiercely opposed by his subordinates, and faced with the prospect of rebellion, Yuan abdicated and died shortly after in 1916, leaving a power vacuum in China. His death left the republican government all but shattered, ushering in the era of the "warlords" when China was ruled by shifting coalitions of competing provincial military leaders.
A little noticed event (to the rest of the world) in 1919 would have long-term repercussions for the rest of Chinese history in the 20th century. This was the May Fourth Movement (五四運動). This movement began as a response to the insult imposed on China by the Treaty of Versailles ending World War I but became a protest movement about the domestic situation in China. The discrediting of liberal Western philosophy amongst Chinese intellectuals was followed by the adoption of more radical lines of thought. This in turn planted the seeds for the irreconcilable conflict between the left and right in China that would dominate Chinese history for the rest of the century.
In the 1920s, Sun Yat-Sen established a revolutionary base in south China, and set out to unite the fragmented nation. With Soviet assistance, he entered into an alliance with the fledgling Communist Party of China (CPC, 中國共產黨). After Sun's death from cancer in 1925, one of his protégés, Chiang Kai-shek (蔣介石), seized control of the Kuomintang (Nationalist Party or KMT, 國民黨) and succeeded in bringing most of south and central China under its rule in a military campaign known as the Northern Expedition (北伐). Having defeated the warlords in south and central China by military force, Chiang was able to secure the nominal allegiance of the warlords in the North. In 1927, Chiang turned on the CPC and relentlessly chased the CPC armies and its leaders from their bases in southern and eastern China. In 1934, driven from their mountain bases such as the Chinese Soviet Republic (中華蘇維埃共和國), the CPC forces embarked on the Long March (長征) across China's most desolate terrain to the northwest, where they established a guerrilla base at Yan'an in Shanxi Province (陝西省延安市).
During the Long March, the communists reorganized under a new leader, Mao Zedong (Mao Tse-tung, 毛澤東). The bitter struggle between the KMT and the CPC continued, openly or clandestinely, through the 14-year long Japanese invasion (1931-1945), even though the two parties nominally formed a united front to oppose the Japanese invaders in 1937, during the Sino-Japanese War (1937-1945) portion of World War II. The war between the two parties resumed following the Japanese defeat in 1945. By 1949, the CPC occupied most of the country. (see Chinese Civil War)
Chiang Kai-shek fled with the remnants of his government to Taiwan in 1949 and his Nationalist Party would control the island as well as a few neighboring islands until democratic elections in the late 1990s. Since then the political status of Taiwan has always been under dispute
Main article: History of the Republic of China
Frustrated by the Qing court's resistance to reform and by China's weakness, young officials, military officers, and students—inspired by the revolutionary ideas of Sun Yat-sen (孫中山) —began to advocate the overthrow of the Qing Dynasty and creation of a republic. A revolutionary military uprising, the Wuchang Uprising, began on October 10, 1911 in Wuhan (武漢). The provisional government of the Republic of China (中華民國) was formed in Nanjing on March 12, 1912 with Sun Yat-sen as President, but Sun was forced to turn power over to Yuan Shikai (袁世凱) who commanded the New Army and was Prime Minister under the Qing government, as part of the agreement to let the last Qing monarch abdicate (a decision he would later regret). Yuan Shikai proceeded in the next few years to abolish the national and provincial assemblies and declared himself emperor in 1915. Yuan's imperial ambitions were fiercely opposed by his subordinates, and faced with the prospect of rebellion, Yuan abdicated and died shortly after in 1916, leaving a power vacuum in China. His death left the republican government all but shattered, ushering in the era of the "warlords" when China was ruled by shifting coalitions of competing provincial military leaders.
A little noticed event (to the rest of the world) in 1919 would have long-term repercussions for the rest of Chinese history in the 20th century. This was the May Fourth Movement (五四運動). This movement began as a response to the insult imposed on China by the Treaty of Versailles ending World War I but became a protest movement about the domestic situation in China. The discrediting of liberal Western philosophy amongst Chinese intellectuals was followed by the adoption of more radical lines of thought. This in turn planted the seeds for the irreconcilable conflict between the left and right in China that would dominate Chinese history for the rest of the century.
In the 1920s, Sun Yat-Sen established a revolutionary base in south China, and set out to unite the fragmented nation. With Soviet assistance, he entered into an alliance with the fledgling Communist Party of China (CPC, 中國共產黨). After Sun's death from cancer in 1925, one of his protégés, Chiang Kai-shek (蔣介石), seized control of the Kuomintang (Nationalist Party or KMT, 國民黨) and succeeded in bringing most of south and central China under its rule in a military campaign known as the Northern Expedition (北伐). Having defeated the warlords in south and central China by military force, Chiang was able to secure the nominal allegiance of the warlords in the North. In 1927, Chiang turned on the CPC and relentlessly chased the CPC armies and its leaders from their bases in southern and eastern China. In 1934, driven from their mountain bases such as the Chinese Soviet Republic (中華蘇維埃共和國), the CPC forces embarked on the Long March (長征) across China's most desolate terrain to the northwest, where they established a guerrilla base at Yan'an in Shanxi Province (陝西省延安市).
During the Long March, the communists reorganized under a new leader, Mao Zedong (Mao Tse-tung, 毛澤東). The bitter struggle between the KMT and the CPC continued, openly or clandestinely, through the 14-year long Japanese invasion (1931-1945), even though the two parties nominally formed a united front to oppose the Japanese invaders in 1937, during the Sino-Japanese War (1937-1945) portion of World War II. The war between the two parties resumed following the Japanese defeat in 1945. By 1949, the CPC occupied most of the country. (see Chinese Civil War)
Chiang Kai-shek fled with the remnants of his government to Taiwan in 1949 and his Nationalist Party would control the island as well as a few neighboring islands until democratic elections in the late 1990s. Since then the political status of Taiwan has always been under dispute
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