Tag Archives: 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 … Continue reading

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Special Economic Zones (Jīngjì tèqū 经济特区)

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 … Continue reading

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

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 … Continue reading

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

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 … Continue reading

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Property Law (Wùyè fǎ 物业法)

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 … Continue reading

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Enterprise Income Tax (Qǐyè suǒdéshuì 企业所得税)

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 … Continue reading

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Foreign Investment (Wàishāng tóuzī 外商投资)

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 … Continue reading

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

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 … Continue reading

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

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 … Continue reading

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Tourism (Lǚyóu 旅游)

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 … Continue reading

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