3. While fracking might have flown under the radar during the Industrial Revolution, the relationship era requires companies to build long-term relationships with customers—some of whom may oppose the practice. Imagine that you’re a marketing manager for a gas company that is about to venture into fracking. What steps will you take to maintain current customers? As a marketing manager you need
EXECUTIVE SUMMARY: Maple Engery (U.S), a U.S.-based power plant provider, is evaluating the prospects for a project financing of the Tianjin Plastics power plant project in China in 1996. The proposed project financing agreement must ensure the financial viability of the project. In addition, the proposal must consider both the currency risk of potential RMB devaluation and the impact of substantial barriers to investing in China, including • Chinese government limited the target ROI between 15%-17%, while analyst estimated at least 18% was needed to adequate compensation for projects of this type. • Chinese government may refuse to guarantee fulfillment of a contract like this. This increased the project risk, hence the cost of borrowing.
Arguments and Main hypothesis (Concepts&measurements) 1. How various economic, cultural and political forces affect Chinese society reshaping during the globalization process. 2. Results of transformations in the economy and the society after Mao Tsetung. Brief Literature review: Answer to my puzzle ( Theories&inference) Articles about this topic: 1.
Harmonization is the process of increasing the level of agreement in accounting standards and practices between different countries. Many parties are interested in international harmonization those are who use, regulate and prepare financial statements. Such as investors and financial analysts, multinational companies, some government, stock exchange market and its regulators and accounting standard setters etc. Investors and financial analysts * They need to be able to understand the financial statements of foreign companies whose share they might wish to buy. For example, Nokia provides different language versions (English, Germany, French and Germany etc.)
According to Jonathan Watts of the Guardian Newspaper, he states that the recent economic boost in China is largely connected with coal fired power plants which are used to foster heavy industrialization. Not only did these plants bring significant economic growth but they have also brought air pollution which has become a serious issue in China. When coal is burned to generate electricity, the combustion releases a combination of toxic chemicals into the environments. Coal which is used to power these plants is the cheapest and the most readily available fuel and for this reason China will continue to use it as there dominant fuel source. The situation has now reached crisis stage as the pollution has caused many diseases and has accounted for more than 500 000 deaths last year.
Electrowide wishes to sell their equipment to Motosuzhou hoping that it will be able to be more successfully distributed throughout the world and across automotive industries, especially to those in China. However, the first few weeks of negotiation was spent on small talk and sightseeing, not business relations. The US team made up of Tom Sherman, Barb Morgan, and Mark Porter, were more interested in sight seeing and late night partying than getting down to business. At one point, Tom even began to skip the meetings all together. Barb took notes during the meetings and made several observations regarding the Chinese teams mannerisms, which may have been false.
There are many fundamental changes that happened in China during Deng’s tenure. Although eighteen years have elapsed since Deng's passing away in 1997, China is still forging ahead in the overall direction of reform and opening-up to the outside world that Deng charted for China after he became the paramount leader at the end of the 1970s. Although China is now facing a very different international situation and different challenges compared with those when Deng was the paramount leader, China's current diplomacy can still learn a lot from Deng's wisdom. First, China should draw inspiration from Deng and avoid any arms race or military confrontation. Toward the middle of the 1980s, Deng concluded that, while the rivalry between the United
The overseas Chinese played a pivotal role in the economic front for china because during period of national disasters, they would raise money. They also facilitated in the building of china’s infrastructure through the contributions to industrial programs such as building roads, bridges, schools, railways and contributed on other investments for the china. Their remittances to china were important because it was one of the main sources of income of households in china. The importance was also seen in the attempts by the Qing dynasty to get the support from the Chinese merchants through awards and recognition in their contribution to the Chinese economy. They helped the economy by buying Chinese products and boycotted foreign products.
In order to grow its operations China, Caterpillar decided to take a route that has proven successful for many MNCs operating in the PRC and use M&A rather than build things from scratch. After looking around, in 2011 Caterpillar proposed the acquisition of ERA Mining Machinery and its subsidiary Siwei for $886 million. ERA Mining Machines (ERA) was a mining machinery firm in China that was listed in Hong Kong and was the result of a reverse merger. While Siwei, ERA’s wholly own subsidiary, had always been a manufacturer of mining machines, ERA was a neophyte in the industry. ERA had previously “acquired” Siwei through a reverse merger.
As we are theoretically reaching “peak oil”, “peak gas” etc. as well as the occurring of global warming and a number of environmental issues, the call for more “clean”, “sustainable” renewable energy has been increasing dramatically. However, some critics argue that renewable energy such as wind, solar, biomass, alone can not sustain the world in the future. In this essay, I will argue that renewable energy is not a viable way for replacing established energy sources by analyzing the geographic and natural limitations, impacts on ecosystems and the efficiency on cutting greenhouse emissions of renewable energies. The real solution should be reducing energy consumption.