Business and Technology in China (Understanding China Today) by Jing Luo

By Jing Luo

Get an insightful, professional examine the interior workings of China's enterprise global, highlighting the country's makes an attempt to enhance the medical and technological base for a greener monetary model.

• Charts and tables give you the most up-to-date data on China's financial system from a number of authoritative sources

• presents a listing of on-line assets for extra exploration of China and its economy

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By then, Lu had turned a rural county’s farming machinery repair shop into a modern industrial firm. Some billionaires are entertainment experts. 6 billion RMB, ranking number 52 in Forbes Richest Chinese 2007. ’’ Networking pays, in addition to sound business decisions. An expert in public relations, Chen maintained good relationships with government organizations. After serving on several deputy positions in a variety of companies, Chen rose to the top of Shengda Net and established a most popular interactive gaming network offering among other services a multiplayer gaming platform (MMORPG).

The concept of storing wealth in people’s homes rather than in the government’s warehouses was an idea of Mencius (fourth century BCE). This change has been substantiated by hundreds of entrepreneurial stories. ’’33 ‘‘Red capitalists’’ is a new phenomenon of the transitional society. Many are still trying to find a compromise with the concept. The attitude has been to get rich first and ask questions later. A few of these stories are selected and presented below. Lu Zhigang, 56, is chairman of the board of the Fanhai Group, a real estate firm headquartered in Beijing.

3 percent of the GDP. 3 percent. The economic structural change occurred for several reasons. First, the reform of State-Owned Enterprises (SOE) in urban areas had led to tens of millions of workers being laid off. The service sector suddenly becomes China’s new hub of employment opportunities. The most practical way to rejoin the workforce is to open small businesses, such as restaurants, hotels, clothing stores, and other service-oriented businesses. Second, rapid urbanization and expansion of farming technology meant three things to rural China: (1) many farmers lost their land and became town dwellers willingly or otherwise; (2) fewer farmhands are needed to till the family plot, more and more backbreaking work being done by machinery or by businesses that offer machinery farming services; and (3) farmers dream of enjoying a dazzling variety of opportunities in the cities.

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