By Shuanglin Lin, Shuming Bao, Changwen, Professor Zhao, Shuanglin, Professor Lin
This can be an insightful research of the chinese language financial system within the context of globalization after China's admission to the WTO. The booklet is prepared into 4 elements. the 1st half addresses globalization and privatization. the second one half offers with monetary coverage and monetary improvement. The 3rd half specializes in overseas alternate and business improvement, and the fourth half is dedicated to monetary functionality and the labour marketplace. this can be an in-depth research that's supported through up to date info and quantitative research, which offer a wealthy foundation for larger knowing attainable destiny instructions and demanding situations of the chinese language economic climate. This quantity is an essential resource for students and scholars attracted to chinese language financial experiences and plenty of chapters also needs to be of curiosity to quite a lot of readers.
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Feiyue Group Feiyue Group is a privately-owned corporation located in Taizhou, on the east coast of Zhejiang Province. In 1986, Qiu Jibao, the President of Feiyue Group, set up a family workshop with his savings and borrowed 300 yuan from a local credit agency (xinyongshe). Over the past 17 years, Feiyue has grown into a leading sewing machine producer in China. 2 presents major indicators of Feiyue in the past five years. The appendix shows Feiyue’s milestones since 1986. In 2000, Zhu Rongji, former Premier of the People’s Republic of China, praised the company, saying: ‘Feiyue not only revitalized the industry but applied high and new technology, using high-tech to renovate traditional industry.
1 Moreover, the state had declined significantly in the industrial sector as a whole, but its dominance within the sector existed in the productions that were considered to be vital to national interests, such as in petroleum and natural gas extraction, coal mining and dressing, logging and transport of timber and bamboo, tobacco manufacturing, petroleum processing and coking, smelting and pressing of ferrous metals, production and supply of electrical power, gas, and tap water. 54 percent). The state sector had even expanded in absolute size in the public utilities sector, the banking and insurance sector, the education, culture and arts, radio, film and television sector, the real estate sector, and the scientific research and polytechnic services sector (Chen, 2002).
Today, more than 60 joint ventures have been established, with major sewing machine producers from Japan, Germany, and Italy. Foreign companies move to China to enjoy scale and agglomeration economies in sewing machine production; they also enjoy the low cost of labor and resources. Chinese producers benefit, too, mainly through technology transfer, management know-how, and international sales networks. Fifth, although the sewing machine industry is still labor intensive and resourceoriented, high technology is becoming more important.