ECON 0602: Lecture 5 Topics China and the WTO WTO and its rules China’s entry to the WTO Trade frictions China’s Foreign Trade: Special Issues China’s FTA: CEPA Sino-US trade imbalance China’s exchange rate Export and employment 1 © HKU ECON 0602 Larry QIU 2/153 What is WTO? China and the WTO: Questions/issues General Agreement on Tariffs and Trade (GATT‚ 1947-1994) What is WTO? 1947‚ Geneva‚ 23 (including China)‚ now 148+ Most Favored Nation Principle
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Why Do People Comply With Social Rules and Expectation? Rules are statement on what can‚ should or must be done in particular circumstances. They govern our daily life whether we are aware of them or not. Rules are divided into two‚ direct rules(written formal rules) such as laws regarding manslaughter or incest and indirect rules(unwritten informal rules) such as norms‚ values and traditions of a particular society. Social expectation serves as a powerful tool to reinforce common beliefs and hopes
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Introduction As we all known that Google out of China to become a hot topic recently. “On March 23‚ Google announced on the office blog that Google and more than twenty other U.S. companies had been the victims of a sophisticated cyber attack originating from China‚ and that during our investigation into these attacks we had uncovered evidence to suggest that the Gmail accounts of dozens of human rights activists connected with China were being routinely accessed by third parties‚ most likely
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Extended Essay Question: How should AirBnB develops a growth strategy in China? Topic: Airbnb Grow in size in China. World count: Introduction Travel is a fundamental part of people’s lives in the 21st century. It is just like what Anita Desai said‚ “Wherever you go becomes a part of you somehow.” In china‚ those businesses‚ which are related to the tourism‚ can gain huge benefit due to its economy of scale. Since travelling is getting more and more popular in China‚ more Chinese travelling around
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STATES Introductory Observations 1. China is once again in focus in challenging the status-quo in South Asia in collusive strategic facilitation by Pakistan. This time China has shifted the strategic focus from India’s borders with China- Occupied Tibet in Arunachal Pradesh in the North East to Ladakh and to India’s Line of Actual Control with Pakistan Occupied Kashmir (POK). Reports emanating from unimpeachable sources in the United States indicate that China has positioned nearly 12‚000 Chinese
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within an organisation on a national level as well as a corporate level and then go on to suggest ways in which theses differences can affect the success of a business. Firstly I feel a few key terms need to be defined and clearly understood to allow the question to be answered properly. In my opinion theses terms would be ’national ’ and ’corporate ’ culture‚ along with cross-cultural differences. Even within a culture there are many groupings and levels that are present within each individuals
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increase/decrease in emphasis on the basic philosophical premises underlying the King III Report‚ as compared to the King II Report. Apply or Explain vs. Comply or Else The King II code only applied to certain entities and followed a rule-based based approach hence “Comply or Else” or mandatory corporate governance. “Comply or Else” refers to the companies obligation to abide by corporate governance standards. These standards are written into law and regulations and have to be obeyed. Failure to obey
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Yahoo! in China - Background Shi Tao Shi Tao‚ a Chinese poet and journalist‚ is serving a ten-year prison sentence in China for sending an email to the U.S. According to a letter Amnesty International received from Yahoo! (YHOO)‚ and Yahoo!’s own later public admissions‚ Yahoo! China provided account-holder information‚ in compliance with a government request‚ that led to Shi Tao’s sentencing. Mr. Shi was accused of "illegally providing state secrets to foreign entities" after sending an email
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Project – Why isn’t China a fascinating country? In this paper‚ we shall look at China from different aspects – Economic Growth‚ the One Child Policy‚ Culture‚ Food‚ and Political System. From all these aspects‚ we can understand China’s structure thoroughly and distinguish why China isn’t a fascinating country even though it is one of the leading countries in the world. (1) Economic Growth Since the founding of the People’s Republic of China in 1949 until late 1970s‚ China had lived in a Soviet-style
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representative democracy and social justice in a well-planned economy.” - Fidel Castro China‚ a predicament of social injustice‚ has been debated upon its coercive form of government over decades now‚ by eminent scholars and experts‚ who have been discussing about China’s future in their everlasting debates regarding the stand China will ultimately have to take in the coming decades. The fact that makes China as such a controversial subject in the world is because of its combination of its incomparable
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