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Contents contributed and discussions participated by Juha Lassila

Juha Lassila

ROCKETChina Seminar Monday -Tuesday 16.5.-17.5.2011 | LinkedIn - 0 views

  • 11:00 Market entry strategies, Prof. GanYaping, BTBU
  • 13:30 SME Oriented Research at UIBE -Beiging, Prof. Wang Fuming, UIBE
  • 09:45 Company Experiences in China; practical advice for Finnish SME`s aim at Chinese market Mr. RistoHelle, Konecranes, Finland
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  • 11:00 Relevant laws and regulations, Prof. GanYaping, BTBU
Juha Lassila

Why Nouriel Roubini Is Wrong on China's Economy - CNBC - 0 views

  • Respondents under 32 years old had effective savings rates of zero
  • Respondents under 32 years old had effective savings rates of zero.
  • Consumer finance reforms are also spurring more consumption
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  • More than 80 percent of the 18 million auto sales there last year were paid 100 percent up front
  • fixed investment share of GDP of 47 percent is too high
  • the increase is a short-term stimulus to offset lowered exports due to the world’s malaise
  • Beijing’s municipal authorities even announced multinationals should have minimum wages 1.5 times that of local firms
Juha Lassila

China's 12th Five Year Plan: A Preliminary Look, Part II : China Law Blog : China Law f... - 0 views

  • key targets of the draft
  • Increased domestic consumption
  • Minimum wage standard to increase by no less than 13 percent on average each year
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  • CCTV said there will be a cut back on rail and road investment over the next 10 years in comparison to the previous 10 (doesn't take a rocket science to know that most of the R&D budget was spent during the previous 10 years)
Juha Lassila

China's 12th Five Year Plan: A Preliminary Look : China Law Blog : China Law for Business - 0 views

  • Resource constraints: energy and raw materials. Mismatch in investment and imbalance in consumption. Income disparity. Weakness in capacity for domestic innovation. Production structure is not rational: too much heavy industry, not enough service. Agriculture foundation is thin and weak. Urban/rural development is not coordinated. Employment system is imbalanced. Social contradictions are progressively more apparent. Obstacles to scientific development continue to exist and are difficult to remove.
  • Most planners are pushing for tripling of the average wage for factory workers during this 5 year plan
Juha Lassila

China's 12th Five Year Plan: The Coming Storm On Wages : China Law Blog : China Law for... - 0 views

  • People are serious talking about 15-20% rises for the next five years,
  • Andy Xie, ex-Morgan Stanley economist, wrote an excellent essay some months ago predicting a 400% increase in unskilled / semi-skilled Chinese worker wages over the next 10 years.
  • The Chinese Govt, Labour Bureaus and Unions will no longer have the same passive role in facilitating low wages or suppressing workers demands
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  • 3-5% annual wage increases will be unacceptable
  • opportunities for developing incredible and highly profitable consumer businesses will explode
  • extraordinary growth in premium consumer businesses
  • much larger, more brutal and dynamic mass consumer markets
  • distribution of that wealth is unfair and unhealthy.
Juha Lassila

China's 12th Five-Year Plan for National Economic and Social Development provides a gli... - 0 views

  • establishes industrial goals
  • dentifies key growth industries
  • nine key industries:
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  • equipment manufacturing; shipbuilding; automobiles; iron and steel; non-ferrous metals; building materials; petroleum and chemicals; light industry; and textiles
  • seven strategic industries:
  • energy-efficiency and environmental protection; new-generation information technology; biology; high-end equipment manufacturing; renewable energy; new materials; and new-energy cars. The Plan aims to improve Chinese companies' competitiveness in the world market.
  • Companies active in the industries identified for special treatment by Chinese central planning should be aware that the Plan may result in increased subsidization by the Chinese government in these areas, affecting trade flows and product competitiveness.
Juha Lassila

Six Secret Formulas from Private Equity to Boost Company Performance - 0 views

  • Six Secret Formulas from Private Equity to Boost Company Performance 
  • 1.         Break the existing “satisfactory underperformance” 2.         Develop a blueprint detailing how to turn initiatives into results 3.         Accelerate performance by implementing a rigorous program 4.         Reward generously for managers to think and act like owners 5.         Manage working capital aggressively and discipline capital expenditures 6.         Foster a results-oriented mind-set
Juha Lassila

Ten tips for doing business in China - British Airways Business Life. Business advice a... - 0 views

  • Chris Torrens is the author of The Economist Guide to Doing Business in China (Profile Books, £20)
Juha Lassila

Remastering the Art of Doing Business in China | Articles | Homepage - 1 views

Juha Lassila

China Due Diligence You Can Conduct Yourself | China Briefing News - 0 views

  •  
    by Dezan Shira.
Juha Lassila

Enterprise Income Tax - Dezan Shira - 0 views

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    "Enterprise Income Tax "
Juha Lassila

Intellectual property concerns of companies operating in China - Lexology - 2 views

  • Trademark counterfeiting
  • Copyright infringement
  • Trademark counterfeiting
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  • Trademark counterfeiting
  • Copyright infringement
  • patents
  • Trade secret misappropriation
  • The second report, which will in part be based on the survey results, will (1) describe the size and scope of IPR infringement in China, (2) quantify the effect of reported IPR infringement on US jobs and the broader economy, including potential effects on sales, royalties, and license fees of US firms, and (3) discuss and quantify actual, potential, and reported effects of China’s indigenous innovation policies on the US economy and jobs. This second report is due May 2, 2011.
Juha Lassila

Minimum Capital Requirements. Good News For Small Companies Looking At Shanghai. : Chin... - 0 views

  • Most jurisdictions require the registered capital be equal to the first full year of expenses of the WFOE.
Juha Lassila

The Ins and Outs of Employment Background Checks in China - Davis Wright Tremaine - 0 views

  • Criminal records check
  • According to relevant laws and regulations, only persons without any criminal convictions may perform certain jobs,1 and applicants must obtain a Certificate of No Criminal Conviction (“CNCC”) from a local public security bureau before performing such jobs (“CNCC Jobs”).
  • commercial investigations are not recommended.
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  • Educational background and qualifications checks
  • Employers can check job applicants’ higher education, whether completed in China or abroad, via a website designated by the PRC Ministry of Education. In the case of education completed outside of China, an employer may require a job applicant to present a certificate issued by the ministry confirming the applicant’s education.
  • References from previous employers
  • It is important to obtain the job applicant’s prior written consent before initiating the reference check.
  • Sharing an applicant’s information
  • employer will typically want to share a job applicant’s or an existing employee’s information with affiliates, such as its parent company or subsidiary, to facilitate internal human resources management.
  • If an applicant’s personal information is protected as private, it can not be disclosed to a third party without the applicant’s consent.
  • Conclusion Criminal records Some jobs may only be performed by people without a criminal conviction. Employers must check a job applicant’s criminal record before offering a CNCC Job. Employers may check a job applicant’s criminal record by requiring the applicant to provide a CNCC. Employers should avoid checking criminal records through a commercial investigation company. Employers may use information received via a criminal check to determine employment. Privacy Generally, it is lawful for an employer to check a job applicant’s educational background and qualifications, ask for a reference from the applicant’s previous employer, and make an employment decision based on the result of these checks. It is important to obtain a job applicant’s written consent before initiating a reference check with the applicant’s previous employer. An employer may share background-check information with its affiliates providing it has obtained the job applicant’s prior written consent.
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