Post Tagged with: "Economy"

Management Education (Gōngshāng guǎnlǐ jiàoyù 工商管理教育)

Bernard M. WOLF and Rudi M. LOF China’s previous management-education system was a casualty of the Cultural Revolution, but the country has built an impressive network of business schools since MBA degrees were re-introduced in 1991. The number of managers being graduated is still far below what China needs to support economic growth, however, and program quality needs further improvement. […]

Special Economic Zones (Jīngjì tèqū 经济特区)|Jīngjì tèqū 经济特区 (Special Economic Zones)

Xiaobo HU During the 1980s, China established the first of its Special Economic Zones with the intention of attracting and accommodating foreign businesses and investments to China. Their development and expansion—and more liberal systems and regulations—played an important part in China’s global economic transition. China’s late-twentieth-century process of economic transition began with the establishment of what are known as special […]

U.S.-China Business Council (Měi-Zhōng Màoyì Quánguó Wěiyuánhuì 美中贸易全国委员会)|Měi-Zhōng Màoyì Quánguó Wěiyuánhuì 美中贸易全国委员会 (U.S.-China Business Council)

U.S.-China Business Council (Měi-Zhōng Màoyì Quánguó Wěiyuánhuì 美中贸易全国委员会)|Měi-Zhōng Màoyì Quánguó Wěiyuánhuì 美中贸易全国委员会 (U.S.-China Business Council)

The first U.S. business delegation to China, led by the National Council for U.S.-China Trade (as the USCBC was then known), at the Great Wall in November 1973. Council President Christopher Phillips is the tallest man in the middle of the back row. Eugene Theroux is fifth from the left, also in the back. PHOTO BY THE U.S. CHINA BUSINESS […]

Boycotts and Economic Nationalism (Guóhuò yùndòng yù jīngjì mínzúzhǔyì 国货运动与经济民族主义)|Guóhuò yùndòng yù jīngjì mínzúzhǔyì 国货运动与经济民族主义 (Boycotts and Economic Nationalism)

Boycotts and Economic Nationalism (Guóhuò yùndòng yù jīngjì mínzúzhǔyì 国货运动与经济民族主义)|Guóhuò yùndòng yù jīngjì mínzúzhǔyì 国货运动与经济民族主义 (Boycotts and Economic Nationalism)

Karl GERTH A watch maker in Shanghai, 1979. When foreign goods were banned in China, Chinese purchased items manufactured domestically. PHOTO BY JOAN LEBOLD COHEN. Chinese have used economic boycotts of foreign countries for over a hundred years to protest foreign interventions and perceived humiliations. In the early twentieth century, boycotts precipitated or accompanied major turning points in China’s relations […]

Property Law (Wùyè fǎ 物业法)|Wùyè fǎ 物业法 (Property Law)

Property Law (Wùyè fǎ 物业法)|Wùyè fǎ 物业法 (Property Law)

Gregory M. STEIN Rapid development has transformed China’s skyline. Skyscrapers and modern buildings occupy space once used for farming. PHOTO BY TOM CHRISTENSEN. China is experiencing one of the greatest real estate booms in history despite a prohibition on private ownership of land, a stated adherence to Marxist principles, and the absence of a national property law until 2007. Although […]

Enterprise Income Tax (Qǐyè suǒdéshuì 企业所得税)|Qǐyè suǒdéshuì 企业所得税 (Enterprise Income Tax)

Enterprise Income Tax (Qǐyè suǒdéshuì 企业所得税)|Qǐyè suǒdéshuì 企业所得税 (Enterprise Income Tax)

LI Jinyan and HUANG He A woman works at a collective factory in Datong, Shanxi Province. Since 1949, China’s tax system was based on a Soviet-style economic model. Now that China is moving toward a socialist market economy, tax policy reforms have been enacted. PHOTO BY JOAN LEBOLD COHEN. The Enterprise Income Tax (EIT) is a tax law that came […]

Foreign Investment (Wàishāng tóuzī 外商投资)|Wàishāng tóuzī 外商投资 (Foreign Investment)

Foreign Investment (Wàishāng tóuzī 外商投资)|Wàishāng tóuzī 外商投资 (Foreign Investment)

Chi Kin LEUNG Charles Stevens, an American lawyer, with a Chinese official at the China Council for the Promotion of International Trade, Beijing 1979. The two men discussed how to structure joint venture investment agreements. Portraits of Chairman Mao and Chairman Hua Guofeng (who held that post briefly), hang above the black board. PHOTO BY JOAN LEBOLD COHEN. Prior to […]

Lansing-Ishii Agreement (Lánxīn Shíjǐng xiédìng 蓝辛石井协定)|Lánxīn Shíjǐng xiédìng 蓝辛石井协定 (Lansing-Ishii Agreement)

Lansing-Ishii Agreement (Lánxīn Shíjǐng xiédìng 蓝辛石井协定)|Lánxīn Shíjǐng xiédìng 蓝辛石井协定 (Lansing-Ishii Agreement)

June GRASSO Photo of Feng Guozhang, acting president of the Republic of China, and his staff, taken in Peking on 10 Oct 1917. The Lansing-Ishii Agreement of 1917 temporarily guaranteed commercial relations for Americans in China at a time when Japan was challenging U.S. interests with its advances onto the Asian mainland. The agreement symbolized Washington’s and Tokyo’s cooperation during […]

Sino-American Commercial Treaty (Zhōng-Měi Jīngjì Tiáoyuē 中美经济条约)|Zhōng-Měi Jīngjì Tiáoyuē 中美经济条约 (Sino-American Commercial Treaty)

June GRASSO The Sino-American Commercial Treaty of 1946 was a controversial agreement aimed at providing the Nationalists with much needed wartime aid during their Civil War with the Communists. The Chinese Communists condemned the treaty as imperialist while segments of the American population criticized the commercial rights granted Chinese in the United States. The Treaty of Friendship, Commerce, and Navigation […]

Tourism (Lǚyóu 旅游)|Lǚyóu 旅游 (Tourism)

Tourism (Lǚyóu 旅游)|Lǚyóu 旅游 (Tourism)

Peiyi DING and Noel SCOTT In the harbor of Macao, an international tourist destination because of its famous casinos, a cruise ship approaches the dock. PHOTO BY JOAN LEBOLD COHEN. Tourism in China has experienced revolutionary change, growing from its most basic level to a strategic industry in China’s evolving socialist market economy. Two decades of development have brought positive […]