Word: haier
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...rumbling of Chinese competition has been growing steadily louder this month. According to the Bangkok Post, for example, China's consumer appliance giant Haier is planning to take advantage of the FTA by investing $9 million more into its factories in Thailand to churn out more fridges, washing machines and air conditioners. Indonesia is so jittery by the prospect of such moves that the country's Trade Minister, Mari Pangestu, has notified the secretariat of ASEAN (Association of Southeast Asian Nations) that Jakarta wants to delay the inclusion of hundreds of domestically produced items like textiles, food products and electronics...
...Unsurprisingly, several big-name Chinese companies on the international stage - Lenovo, Alibaba, Sina and Haier - registered many of their operations as foreign firms, accessed Hong Kong's capital market and legal system and thus succeeded not because of the regime's economic conduct but in spite of it. For reinforcement of the mainland's shortcomings, Huang points to Shanghai, where the mushrooming Pudong skyline masked a poor record on innovation and a lack of private-sector companies of note (its greatest success story, e-commerce star Alibaba, fled to Hangzhou in the neighboring and more entrepreneurial Zhejiang province...
Some of the challenger companies have already achieved great success. Among the 66 Asian companies on our list, China's appliance maker Haier has been so successful in the U.S. market that it's investing $100 million in a new factory in Camden, S.C. (And you thought U.S. factories couldn't compete with Chinese factories.) India's Suzlon Energy is among the world's top manufacturers of wind turbines, a renewable-energy technology with a limitless future. And Hong Kong's Johnson Electric is the world's largest producer of small motors...
...original release, the semi-autobiographical tale of a Chinese student being taught the ways of the steppe by a wise old Mongol herder was being devoured by hundreds of thousands of readers - government officials and students, traditionalists and bohemians, workers and business types. Huge Chinese enterprises like Lenovo, Haier and Huawei bought copies for their employees, and the book quickly spawned a host of self-help and management texts that claimed to be imbued with its spirit - works with titles like The Wolf's Way, Wolf Soul, The Cool Wolves, Think Like a Wolf and Wolf Strategy. Illegal reproductions...
...China Inc. grows, so does the number of mainland companies trying to improve their image through good works. While the corporate social responsibility movement in China is still small, it has some big names behind it. PC manufacturer Lenovo began a computer-recycling service last year. White-goods maker Haier has donated nearly $400 million to school tuition for poor Chinese students. All in all, about 25 Chinese firms had issued reports to shareholders and the public detailing their CSR projects by June this year, up from fewer than 10 last year, according to Syntao.com, a website that tracks good...