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French food group’s Chinese venture leaves a bitter taste

Danone’s feud with Zong Qinghou has proved a cultural clash case study – write Tom Mitchell & Geoff Dyer In the annals of international investment SCC Arbitration V (061/2007) will be remembered as a case study in how not to do business in China. Technically the “partial award” judgement handed down by a Swedish arbitration [...]

China’s political advisors offer suggestions on coping with downturn

BEIJING, June 17 (Xinhua) — China’s political advisors brainstormed Wednesday on the country’s economic development and offered suggestions about coping with the impact of the global downturn. They gave their advice as the standing committee of the 11th Chinese People’s Political Consultative Conference (CPPCC) National Committee continued its sixth meeting, which started Tuesday. Li Yining, [...]

Vestas blows new life into Chinese energy

Vestas, the world’s largest wind turbine maker, is trying to remain on top of aggressive Chinese competition by localising and customising its products for use in the region. Although the Copenhagen listed company has seen its world market share slide amid an explosive growth in the Chinese market, where domestic competitors take more than 75 [...]

CNPC halts ‘Big Foot’ talks with Chevron

China National Petroleum Corp. suspended talks with Chevron Corp. over an oil-field stake in the Gulf of Mexico, spurning a chance for a key U.S. foothold. CNPC apparently thinks it deserves a better deal in return for allowing the U.S. company access to one of China’s biggest natural-gas fields back in 2007. (Guanxi?) Wall Street [...]

Consumerism hasn’t caught on yet in China

Wang Zhibo runs a successful business, has plenty of money in the bank and would love to buy a house and trade in his humble second-hand car for a $14,600 Volkswagen Santana 3000. Just what the crumbling world economy needs – a guy with money to spare and an appetite for houses and cars. But Wang [...]

Understanding the Chinese Business Culture

China has just enhanced its reach and status as a superpower with the successful staging of the Beijing Olympics 2008. International business in China is booming. No surprise, more and more European corporate heads have been taking a keen interest in China as a business destination. It is a country with sound business and an [...]

Chinese Business Practices and Culture

European businesses have been looking at China over the past few years for their overseas expansion plans. Being a growing economy, China has exceeded expectations. It is not just any other country with a modest economy; it is one of the world’s biggest business success stories. More and more European conglomerates have been approaching China [...]