I am getting quite confused by the currency manipulation discussion surround the Chinese RMB. Today, Nobel Laureate Krugman came up with this piece in the NY Times.
I read it once, twice, thrice. But I think I am missing his point still. Here’s where I think his logic lies. Exchange rate is determined by supply and [...]
Archive for the ‘Business’ Category
The Currency Debate
Posted in Business, China, News on October 23, 2009 | Leave a Comment »
Yahoo! and Alibaba – Tale of two companies
Posted in Business, China, Media on September 18, 2009 | Leave a Comment »
From Yahoo’s perspective
The Deal:
Under the terms of the agreement, Yahoo! will contribute its Yahoo! China business to Alibaba.com and the two companies will work together in an exclusive partnership to grow the Yahoo! brand in China. (Yahoo press release in 2005)
CEO Bartz:
… she disliked how the Yahoo brand was being treated in China, according to [...]
The Rio Tinto Debacle
Posted in Business, China, News on August 27, 2009 | Leave a Comment »
There is something about the Rio Tinto case that has been bothering me. Perhaps it is because I cannot quite form an opinion on it – one one hand, I am appalled by the due process of the legal proceedings. Where the accused employees were held without charge for 5 weeks, and without right to [...]
Chimerica
Posted in Business, Politics on August 13, 2009 | Leave a Comment »
Christopher Clarke wrote a very nice piece published in the Yale Global Online titled: US-China Duopoly Is a Pipedream.
Here’s the exerpt and the jist:
In short, Sino-American economic symbiosis has come to look more like a mutual death grip in which neither side dares make a precipitous move for fear of going over the cliff with [...]
Discovery on Baidu
Posted in Business, China, Media on August 12, 2009 | Leave a Comment »
Discovery Channel recently partnered with Baidu and launched a website targeting Chinese audience. The site hosts a selected number of Discovery shows, with Chinese subtitles. My first impression from watching a couple of clips is that it can probably double as an English learning tool!
I’m excited to see this for a number of reasons. Firstly, I [...]
Are rules meant to be broken?
Posted in Business, China on August 5, 2009 | 2 Comments »
There are many rules and regulations in China that are ignored systematically. One of the hardest things for an outsider to master is the art of tiptoeing through the gray area. If you use the western interpretation of the law, you will find PRC laws paralyzing – if you are going to be a boyscout [...]
Maybe Hummers are not going to China afterall…
Posted in Business, China on June 26, 2009 | Leave a Comment »
The news that Hummers will be everywhere in China was disturbing. But maybe they are not going to China afterall?
Hummers aside, there seems to be a trend of increased government control over the past few months. Slightly worrying signs.
Where to draw the line?
Posted in Business, China on June 17, 2009 | 1 Comment »
I am pondering about this. Where does one draw the line when it comes to bribery/corruption? Particularly relating to business dealings? This does not apply just to China, but let’s take China as an example. OK, I know bribery/corruption is illegal. I’m defining it broadly. Maybe I should call it influence instead. So that includes [...]
Lessons learnt
Posted in Business, China on April 24, 2009 | Leave a Comment »
Having spent two years negotiating and closing an investment in China, I thought I will share some thoughts on what I have learnt (so far) about conducting cross-border deals.
1. Yoga classes should be a prerequisite. It is a huge test of patience.
2. Emails drop into a black hole – IM or call.
3. Every question is a statement. A repeated [...]
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