59201 materials covered February 16

necessary conditions for doing international business
types of international business
trade
representative office
investment
Size of the markt depends on, at least,
per capita income and
# of people

THEN and NOW

Group 2 - Wednesday
Start here next time
3 ways to accelerate negotiatiocon in mainland China

First question on test next Monday, February 23
1. What is the USG’S definition of China
What is our definition of Greater China
who is right?
Why?
ANSWERS WILL BE IN WORDS AND NOT MULTIPLE CHOICE.
Business Implications OF THE POLITICAL SYSTEMS OF THE 3 ECONOMIES IN GREATER CHINA
THEN AND NOW: could be different, could be similar, depending on whether conditions and systems have changed much
IN 1987 – approvals – in general; specifically
Now – approvals – in general; specifically
$50 millon or more joint ventures – many approvals, including
Systerms
MAINLAND CHINA –
TAIWAN –
HK – LAISSEZ FAIRE LOTS OF small and medium size companies – a British Colony
Perception in Taiwan – Mainland China is the place to go to make lots of money, yet …
In 2009 …
$50 millon or more joint ventures – many approvals, including National People’s Congress

Survey by the Democratic Progressive Party = 90% of Taiwan’s Chinese investors in Mainland China are not making profits.
BIG NEW SIMILARITY: ALL 3 ECONOMIES ARE IN SERIOUS RECESSION, JUST LIKE THE REST OF THE WORLD
Compare by examples the relative ease of doing business in the three economies of Greater China
Two cases in PRC –
Hong Kong – representative office for major us company – 4 hours to set up; same jv as second example in PRC – on the market in 6 weeks, no up front costs, no etc.
In Taiwan, large jv approved in weeks
THEN very different from Now

Then
the relative availability of business opportunities in these three economies in the short run and in the long run:
short run – roc, hk, prc
long run – prc, roc, hk, if ….
PRC pushing exports
Now
Short run – prc, roc, hk
Long run – prc, roc, hk
PRC really pushing exports
The proper names to use for the capital of "China" when you are in mainland China, Hong Kong and Taiwan: Beijing, Beijing, Beiping … why?

TEST NEXT MONDAY will cover through this Wednesday
Through part of philosophy
Next Confucianist thought