China in 2012: What's Next for a Developing Economy

China in 2012: What’s Next for a Developing Economy

It is almost impossible to open a newspaper or open a world news station without finding stories that cover China’s economic growth in recent years. With a consistent annual growth rate of around 10 percent over the past decade and the title of the country which is the largest global exporter of goods, this country is a center of industrial strength that can be understood as the goal of many companies considering international expansion.

Witnessing China’s meteoric rise over the past few decades has been interesting, but the latest news about slowing growth raises the question: What will happen next for this growing economy? Is growth sustainable? What factors will emerge and what challenges will develop for those who want to do business in this opportunity-rich country?

Global interconnectedness and the impact of a connected world economy

An economy that has traditionally been seen as a foundation for the health of the world economy is being shaken. The Eurozone is teetering on the brink of a crisis, while the United States hopes to prevent a double recession. But China can no longer rely on the isolated remnants of this problem. Our integrated world economy does not allow one country to function as an island. Economic problems, both in the G8 countries or in a small country far apart, causing ripple effects throughout the world.

In the case of China, the impact of the world economy in chaos can be devastating. As the world’s largest exporter of goods, shrinking purchasing power …

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Tips on Buying Homeware for Your New Home

Tips on Buying Homeware for Your New Home

Life is in phases and everybody desires to get to that stage when they can move to their apartment. They might have had little experience of moving out of home when they were in colleges and universities, but they always went back home and were still a part of that home. At this point, however, after the person starts working formally, hopefully after finishing from the University, it will be time to have his own home and start his own family. Some people start by renting apartments, which is cheaper while others who are luckier will buy their own homes either by paying out rightly or through a mortgage. Irrespective of how they can get the home, they would have to furnish the house and buy a lot of homeware. This could be a very expensive venture. Here are some tips on buying homeware for your new home especially when you are on a budget.

Make a list of preference

The first thing you want to do when you want to move into a new home and you need to buy homeware products is to make a list of preferences. A list of preference entails writing out all the things you would need in your home and arranging them in order of importance. For instance, considering you will need to cook, sleep and host visitors; cooking utensils, a mattress at the very least and chairs will be more important than buying a home theatre system or a PS4 game. …

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Chinese influence on the US and Global Economy Part 4 of 4

Chinese influence on the US and Global Economy Part 4 of 4

In the fourth and final series of my four sections on China’s influence on the US and the global economy, we focus on the benefits of working with international expertise for your business if you have plans to enter the Chinese business market. My extensive Asian market business experience encouraged me to write this series so that you can help you better understand how you can open your business to benefit from the Chinese market.

Cultural mistakes can take a lot of time

In 1973, Procter & Gamble sought to expand their Camay soap line in Japan. Their ad showed a Japanese man meeting a Japanese woman for the first time, and praising her on porcelain dolls like her skin (achieved with a firm soap, of course).

Over the next 13 years, the company lost $ 25 million in the market. Japanese people shouldn’t be soft soapy.

Best intentions …

P&G is a large corporation, and has been warned by advertising consultants that advertising (which has been running successfully in many other countries) will not work. But P&G executives ignored it.

The problem is that while Western culture sees the ‘porcelain doll’ praise flattering, in Japan it is seen as disrespectful. The ad said ‘use Camay and attract abusive comments’.

That is a very special cultural difference because of the lack of understanding between Western norms and people in societies that are as different as those around the Pacific Rim. Often differences are more down to earth: legal, logistical, linguistic, …

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Here Are a Few Reasons You Might Need a CPA This Year

Here Are a Few Reasons You Might Need a CPA This Year

While tax season might be a dreaded reality each April, the truth is that a financial obstacle could present itself any time of the year. For those who might encounter such a hurdle in the coming months, it is important to know where to turn for help.

A CPA Does More than Taxes

Sure, it might be commonsense to think of a certified public accountant as roughly the equivalent of a bookkeeper or related tax professional. In reality, these specially trained professionals are often affiliated with the United CPA Association (UCPAA) or another organization and are experts who can offer financial services on many levels.

A CPA Can Make Sense of It All

Sometimes a client just needs someone to bounce ideas off of or otherwise provide some targeted and effective feedback. The right accountant can be as much of a consultant as someone relied on to expertly prepare tax returns each year.

A CPA Is an Ally and Representative

Not only can typical clients count on a successful CPA to provide guidance when things are going well, they will also know where to turn in a potentially bad situation. A certified public accountant is able to represent an individual in front of Internal Revenue Service agents.
There are many reasons you might need an accountant, so reach out to a professional if any of the needs outlined above sounds familiar.…

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