TheCommitteeof100CommissionedasurveytodiscoverwhatAmericansthinkaboutChina.Moreinformationaboutthisgroupcanbefoundatthelinkattheendofthispost.ThesurveyaskedCongressionalleadersseveralquestionstogettheiropinions-rightorwrong.WeunderstandthatifourCongressmenandCongresswomenthinkthesethings,well,thenthatiswhatwearesupposedtobethinking,right?Yea,Iknowitshouldbetheotherwayaround.Congressshouldbereprese...[
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TheChineseareusedtocutthroatpricing.Andwhenthelocalstorewon'tmeetthecustomer'sprice,wellthecustomerwillkeephagglingtilltheygetthepricetheywant,orleave.Wal-Mart's'everydaylowprices'themehasn'tstruckachordinChinathewayitdoeselsewhere.But,Wal-Marthasamoreseriousproblem.Ithasnotbeenabletoreplicateitssuper-efficientlogisticsystem.Reasonbeing-itdoesn'thavethevolumeofsales...yet.Thekeywordbeingyet.
c...[
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TyphoonKaemiisplayinghavoconthesouthernChinesecoast.Morethan640,000peoplewereevacuatedfromaregionthatwasstillrecoveringfromanearlierstormthatleftsome600peopledead.Oneoftheuniquewaystheresidentswerewarned-6milliontextmessagesweresenttocellphoneusersinthearea.Whatagreatidea!HaditbeenAmerica,peoplewouldbecryingaboutprivacyviolation.LeveesbreakinChina,too.
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Wal-MartisacceleratingthepaceofitsstoreopeningsinChina.Itwillopenonenewstoreabouteverythreeweeksthisyear,comparedtoCarrefour'spaceofoneamonth.CarrefourisbiggerthanWal-MartinChina.ButWal-MartisbiggerthanCarrefour.Wal-Mart'sglobalsaleswas$285billion-threetimesthatofCarrefour.And...and...Wal-Martpurchased$18billioninproductsfromChinesemanufacturers.CarrefourmaybeleadingWal-MartinChinanow,butnotforlon...[
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TheCommitteeof100CommissionedasurveytodiscoverwhatAmericansthinkaboutChina.Moreinformationaboutthisgroupcanbefoundatthelinkattheendofthispost.ThesurveyaskedCongressionalleadersseveralquestionstogettheiropinions-rightorwrong.WeunderstandthatifourCongressmenandCongresswomenthinkthesethings,well,thenthatiswhatwearesupposedtobethinking,right?Yea,Iknowitshouldbetheotherwayaround.Congressshouldbereprese...[
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Wal-Martistnhenumberoneretailerintheworld.Whoisnumbertwo?Answer:CarrefourofParis.WhichcompanyisbiggestinChina?Wal-Mart...wrong.Carrefourisbigger.Carrefourhas79storesin32ChinesecitiescomparedtoWal-mart's60locationsin30cities.CarrefoursoldnearlytwiceasmuchasWal-Mart-$2.2billionto$1.2billion.Carrefourseemstobemoreadeptatadaptingtolocalcultures...theirsupplychainincludes18-wheeltrucksaswellasthree-whe...[
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TheCommitteeof100CommissionedasurveytodiscoverwhatAmericansthinkaboutChina.Moreinformationaboutthisgroupcanbefoundatthelinkattheendofthispost.ThesurveyaskedCongressionalleadersseveralquestionstogettheiropinions-rightorwrong.WeunderstandthatifourCongressmenandCongresswomenthinkthesethings,well,thenthatiswhatwearesupposedtobethinking,right?Yea,Iknowitshouldbetheotherwayaround.Congressshouldbereprese...[
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PresidentHudoesnotoftenstickhisnoseintoeconomicissues.But,nowheisencouragingtheChinesetotrynottomakesomuchmoney.Fatchancewiththatone...notonlyinChinabutanywhere.Moreimportantly,HuwantstheChinesetospreadthebenefitsofChina'sboomtothepooraswell.Anotherveryfatchancerequest....notonlyinChinabutanywhere.ThericharegettingricherinChinaandthepooraregettingnowhere.Soundslikealotofplaces,doesn'tit?
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Wealthybusinessman,YuanBaojing,wasescortedtoalethalinjectionvanandhiscrematedashesweredeliveredtohiswifethreehourselater.WoW!That'swhatyougetwhenyoucheat,lieandstealinChina.Atfirst,Yuanwassparedthedeathpenaltywhenhiswifeponiedup$6billioninoilcompanystockandtaveittothenationalgovernment.Ofcourse,hegotthemoneyinthefirstplacefromalargestate-ownedcompany,so,inaffect,hejustgaveitback.However,beforethat...[
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InthefirstquarteraloneofthisyearonlineconsumertoconsumerauctionsinChinahit$674million.Morethanhalfofthat57%belongedtoTaobao.eBayChinahasthesamenumberofcustomersasTaobaobutcouldgenerateonlyhalfofTaobao-28%.TaobaowasfirstoutoftheblocksinChinawithcommission-freeauctions.AndTaobaohastwicethesalesaseBay.So,whyisTaobaosweatingit?
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