Starting from 1993, China maintained to be a developing country using the second largest amount of foreign investment for nine consecutive years. The foreign capital in actual use in China totaled US$ 60.6 billion in 2004, next only to that ... Continue Reading »

Financial market is a place for financing funds and buying and selling negotiable securities, generally composing of two parts: the monetary market and the capital market. Before the reform and opening-up, what China practiced was planned economy and capital was disposed ... Continue Reading »

In general, the machinery industry of China is basically capable of providing the technical equipment for modernization of national economy. Since the reform and openness, the average growth speed of machinery industry in China has been higher than that of ... Continue Reading »

China has formed an industrial system with PC production as the main body and has the ability to make complete sets for large-scale production in the five categories of hardware products, namely, the main set, the peripheral apparatus, the application ... Continue Reading »

In late 1980’s, varies kinds of securities businesses in China grew out of nothing, developed from small to large and from a regional market swiftly into a nationwide market with considerable size. At present, the securities market includes bond certificate ... Continue Reading »

The chemical industry includes the realms of extended chemical industry with petrochemical fundamental raw materials for processing object, coal chemical industry, salt chemical industry, biological chemical industry and sophisticated chemical industry. China has formed a chemical industry system with rather ... Continue Reading »

The bank system of China includes central bank, policy bank, commercial bank exclusively owned by the state, stock-system commercial bank, city commercial bank and urban and rural credit cooperative, trust and Investment Company, and other nonbank financial institutions. The central bank ... Continue Reading »

Regional integration is an arrangement between nation states to cooperate in some comprehensive way for their mutual benefit. The term usually applies to neighboring states, and it usually entails a series of agreements to benefit the well-being of the region—for ... Continue Reading »

A regional division is a multinational firm’s organizational structure by which the primary division of the firm is by a small number of geographic regions. For example, an insurance firm may be primarily divided into four regional divisions (Americas, Africa/Middle ... Continue Reading »

WHAT IS A PHENOMENOLOGICAL APPROACH TO RESEARCH? Phenomenology represents a philosophical approach to studying human experiences based on the idea that human experience itself is inherently subjective and determined by the context in which people live. The phenomenological researcher focuses on ... Continue Reading »

In recent months the pace of change appears to have stepped up a gear. The week commencing 6 March 2000 was a fairly typical one given today’s economic environment. On Monday the Bank of Scotland announced plans to extend their ... Continue Reading »

The auto industry of China was born under the planned economic system with the purpose of meeting the needs of economic development, national defense and official duties at that time and developed with the government investment through the planned economy. ... Continue Reading »

The decision to divest is often easier than the decisions around how to divest. Divestiture tactics affect taxes, accounting, and proceeds raised as well as the fundamental degree of intrinsic value creation. Private and Public Sale Private sales provide quick execution ... Continue Reading »

Deriving its name from mercantilism, the political economic philosophy characterized by the desire of nations to enrich them through the control of trade, neomercantilism is a similar philosophy modified to fit the modern world. Whereas mercantilism generally refers to the ... Continue Reading »

Nepotism is the favoring of an employer’s relatives and friends in the workplace. The relative or friend is hired solely on the basis of kinship, regardless of any regard for the ability to do the job. The word nepotism is ... Continue Reading »

A board of directors is a group of people elected by the shareholders of a corporation to oversee the management of the corporation. Directors are elected at annual general meetings. At this meeting shareholders have the ultimate power to control ... Continue Reading »

The balance of goods and services, also known as the trade balance, is part of the Current Account (CA) balance in a nation’s Balance of Payments (BoP) statistics. This net measure of a country’s position with respect to trade in goods ... Continue Reading »

Lyman Porter and Edward Lawler came up with a comprehensive model of motivation. They combined adding two more components to Vroom’s theory of motivation. The model is more comprehensive as it includes various aspects that we have studied so far. This ... Continue Reading »

Motivation is defined as “inner burning passion caused by need, wants and desire which propels an individual to exert his physical and mental energy to achieve desired objectives”. Efficiency of a person depends upon performance. Performance can be expressed as ... Continue Reading »

Douglas McGregor introduced Theory X and theory Y which are diagonally opposite to each other. McGregor is aware that human beings are rational in their thought process and they are social by nature. They display very high degree of behaviour ... Continue Reading »