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Essay

China

Essay specific features

 

Issue:

Business

 

Written by:

Hong W

 

Date added:

December 13, 2010

 

Level:

University

 

Grade:

A

 

No of pages / words:

2 / 399

 

Was viewed:

5839 times

 

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Essay content:

On the other hand, China has serious problems. State-owned enterprises are haemorrhaging money, throwing more people out of work and contributing to a growing pool of migrancy. Its financial markets are largely untamed, its banks broke and corruption rife. Looming over all of that is an environment straining under the pressures of breakneck economic growth...
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L. Chu, Chairman and Chief Executive Officer, First Eastern Investment Group, Hong Kong SAR. China’s new leaders, engineers to the man, will have their hands full coping. Nonetheless, Asia will have to learn to manage with the fact that they cannot compete with China in terms of cost. Chu suggested that Mekong nations such as Thailand could profit by promoting tourism, hosting the surging number of Chinese overseas tourists, while Korea and Japan can count on their technological edge...
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