This website uses cookies to ensure you have the best experience. Learn more

Marketing In China Everything You Would Want To Know About How To Do Business In China

10110 words - 40 pages

China, with a population of more than one billion people, is a country full of marketing potential. With so many possible consumers, it would seem like any product could reach its target audience. However, with a country so rich in history and culture, there are many factors to be considered by marketers. Some of the most important and influential elements (the monetary policy, currency system, market agreements, and environmental factors of the country) must be further examined.Monetary Policy:A brief history of China's financial system is necessary at this point. In 1949, the Chinese Communist Party (which had been established about thirty years beforehand) overthrew the Kuomintang government and subsequently seized control of the economic and financial markets in China. The first major change made by the CCE, and was a unification of financial and economics affairs. Until 1950, these two sectors were handled individually. For financial purposes, the Chinese central government created two plans.The first of these was a state physical plan, which consisted of the expenditures and budgets of all government departments, state-owned enterprises, cooperatives, and communes. The second was a credit plan, which contained specific blueprints as to how the implementation of certain projects in the physical plan would take place. The People's Bank of China effectively served as a liaison in matters of the credit plan. The Bank distributed funds to economic sectors based on information revealed by the credit plan, and acted as a symbolic auditor to ensure that the budgets matched the amount of funds spent during that time period. The People's Bank also had the responsibility of ensuring that unspent cash was deposited in a state bank, and maintained supervisory status over most financial matters. Although the specific procedures regarding the physical and credit plans changed, most of the principles described above went unchanged until the 1980s.In 1983, the State Council of China issued a resolution, decreeing that the People's Bank of China was to be "a national institution through which the State Council directs and administers financial operations of the whole country, and it is the central bank of China" . The State Council indicated that there were four main functions to be performed by the PBOC. First, the PBOC was to provide money, credit, and other finances for the purposes of macroeconomics. Second, the PBOC was required to enforce any and all laws regarding the financial stability of the country. The third stipulation was that the PBOC was to be the control for any indirect measures relating to financial stability, including deposit reserve requirements, interest rates, and the like.The last primary function of the PBOC as decreed by the State Council (and, essentially, the most important and tell-all task that the PBOC was to enforce) was to "promote, supervise, and control all aspects of the operations of China's financial market" . The words...

Find Another Essay On Marketing in China Everything you would want to know about how to do business in China

Everything You Need to Know About Cloning

2085 words - 8 pages beginning phases of the embryo and then is transferred into the uterus of the substitute mother who will eventually give birth to the clone. Therapeutic cloning is the creation of human embryos for use in research. Therapeutic cloning is not the process of cloning people, but rather to gather stem cells which can be studied and help scientists treat diseases. In order to do therapeutic cloning the stem cells must be extracted from the blastocyst

Everything You Need to Know About Kenya

1278 words - 5 pages 50 inches of rainfall per year with 10 inches in the summer and .2 inches in the winter.I will now tell you about the history of Kenya before European exploration. Early tribal groups have started to settle in Kenya as far back as 2000 BC. The main reasontribes came here was for the rich, fertile ground, which would be good for farming. Both the highlands and the Rift Valley provided this in southern Kenya. The first migrants to arrive were

All You Want to Know about Chocoate

1893 words - 8 pages All You Want to Know About Chocolate Dylan Santana Atala Montessori School for Creative Expression April 14, 2014 Introduction The reason I decided to do my research paper on chocolate was so that I could learn more about this delicious treat. Chocolate is a combination of ground cocoa and sugar bits in a rich cocoa butter. This fatty delicious cocoa butter melts at exactly 98.6 degrees Fahrenheit, which is exactly the same as our body

Everything You Ever Wanted to Know About Zombies

1055 words - 4 pages informative book and it taught the readers many facts about zombies and important tips on how to survive in an emergency. While zombies have not made an appearance in reality, when they do the readers of this book will be prepared to survive the zombie apocalypse. Works Cited Mogk, Matt. Everything You Ever Wanted To Know About Zombies. New York: Gallery Books, 2011. Print.

Everything You Ever Wanted to Know About Recipes

2375 words - 10 pages recipe for everything, as in you can learn how to make anything you want. From wanting to make someone out of chicken, beef, pork, lamb, and even sheep. A recipe is all you need for you to be able to produce the product you’re trying to make. Recipes are not only Ancho 4 for main dishes but also desserts, pastries, cookies, soups, and even ice cream. Recipes are important for repeating dishes over and over again. It helps the person cooking

Everything you need to know about output devices

1188 words - 5 pages Everything You Need To Know About Output Devices What is an output device you ask? Well, an output device is anything that can convert electronic information into hard information. The most common form of an output device would be a printer. The printer would be the device that would take the electronic information from most commonly a computer and put it on to a piece of paper and now that electronic information would be information that can

Everything You Need to Know About Hepatitis C

687 words - 3 pages to Liver Cancer or Cirrhosis. Seventy to eighty percent of Hepatitis C patients suffer from lifelong illness or chronic infections. But Hepatitis usually sits dormant. one hundred fifty million people suffer from Chronic Hepatitis and 350,000 people die per year from it. So here is everything you need to need to know about the disease! The main cause of hepatitis C is infection of other viruses. But other causes include things like toxins

Everything You Need To Know About Anorexia Nervosa

1025 words - 4 pages , anorexia nervosa has become much more common in modern western societies. More then 90% of the cases reported are female and about .5% to 1% of young women in the United States have the illness.The symptoms of anorexia nervosa range from psychological to behavioral. Anorexics are preoccupied with food, weight, dieting, and body image. They are obsessed with becoming thinner, regardless of their actual weight. Most anorexics actually become unaware of

Everything You Need to Know about AIDS and HIV

2169 words - 9 pages and pains, headache. There is no definite period for which these symptoms last however; it could range from days to weeks. These symptoms do not have to occur in every HIV case and therefore one cannot rely on symptoms to tell whether or not they are infected. Tests have got to be carried out. In the initial stages, of HIV the body does not produce the antibodies that aid in detecting the infection therefore, making it difficult to detect it

EVERYTHING YOU NEED TO KNOW ABOUT HEALTH & SAFETY MANAGEMENT SYSTEMS

1596 words - 7 pages (OHSMS)? Simply stated, an OHSMS is an organized and formal approach to managing health and safety issues within an organization. An OHSMS can be thought of as a specialized form of management system that targets health and safety issues. The idea is simple: an organization should manage its health and safety issues in the same way as it manages its core business, by: • setting health and safety policy; • planning to ensure success of the management

Everything you need to know about a cell - definitions in outline form, interpretation of Honors Biology intro

1590 words - 6 pages This isnt written in paper form, but a relaible list of terms to help you orginize your thoughts, or clarify problems. I made an A in this Honors Biology!I.Chemical foundations for the CellsA.Organization of matter -(elements, compounds, mixtures)Elements- materials that cannot be decomposed into substances with different properties.Compounds-made of different elements in fixed and unvarying proportionsMixtures-two or more elements present in

Similar Essays

How To Do Business In China

1783 words - 7 pages from that of doing business in other places. When the company chooses China as the invest target and begin to investing, the problems will arise that about marketing are: Because the economic conditions and culture between UK and China are different, the consumption habit of consumers will different, too. So the design and sales of the productions must suit the conditions of target market. If company just sell the productions same as what

Acoustic Guitars: Everything You Want To Know

699 words - 3 pages Acoustic Guitars: Everything You Want To Know If you or your child has found an interest in the acoustic guitar, you are not alone. Many people have simply fallen in love with this instrument and prefer it over the electric guitar. It is said that there is simply something more "real" about the sound being produced by nothing more that the strings, which is then project by the acoustics. However, just how does this work? It is true that

Everything You Need To Know About Strokes

907 words - 4 pages Everything You Need To Know About Strokes What is a Stroke? A stroke is an interruption of the blood flow to the brain. When the blood supply to a part of the brain is restricted or cut off, the affected brain cells can die. This is why it is imperative to be treated for a stroke as soon as possible. The longer you wait to be treated the more damage to the brain occurs. There are 2 types of stroke, ischemic and hemorrhagic. Ischemic Stroke

Everything You Need To Know About Iron

709 words - 3 pages Everything You Need to Know About Iron Iron is called a trace mineral, but its effects are mighty. We need it to produce hemoglobin, the oxygen carrier in red blood cells that brings oxygen to the rest of the body. Iron is also needed to produce myoglobin, the oxygen reservoir in the muscle cells. Iron is notoriously low in the American diet; especially in children one to two years old, and in women ages 12 to 50. Surprisingly, it is also