Word: mainlanders
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...conscience? That runs counter to the world's current impression of the corner-cutting Chinese manufacturer that saves a buck by using lead-based paint on children's toys or that bars employees from bathroom breaks. Yet as bad press surrounding 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...
...Companies are also paying more attention to their reputations because they hope to expand globally. Mainland firms know they face fierce competition for deals not only from well-established Western counterparts but also from acquisitive Indian companies. According to a report issued in May by the law firm Norton Rose, buyouts by Chinese companies in Europe and North America rose to $6 billion last year. But corporate China's anything-goes reputation can be repellent to potential partners. "There will be times that Indian companies, based in a high-functioning democracy, will win a bid or get an investor...
...sorghum, a kind of grass that can be harvested by locals and sold for biofuel production. The plan dovetails with Beijing's ambitious goal of generating 2 million tons of bio-ethanol a year by 2010, and 15% of its energy from renewable resources by 2020. (Seventy percent of mainland China's energy comes from coal today.) In another desert village, drought-resistant shrubs called sand willows are being planted to keep encroaching sands at bay, but there are also plans to start processing them in a biomass thermal power plant, which will burn the willows to generate electricity...
...arms maker linked to the People's Liberation Army, which bought them along with a vase for $4 million. Those purchases helped spur patriotic interest in cultural artifacts among wealthy Chinese, who began bidding in auctions in New York City and London as well as Hong Kong. In 2003, mainland tire manufacturer Lu Hanzhen paid $1.5 million for a Qing vase, while Ho bought another Summer Palace bronze, a boar's head, from a U.S. collector for $723,000 - less than a tenth of what he paid to buy the horse head from an unidentified Taiwan seller...
From headquarters in Hong Kong and regional offices in mainland China, ImagineX (part of the Lane Crawford Joyce Group) represents 23 high-end fashion, lifestyle and beauty brands in more than 360 points of sale in greater China (including Hong Kong and Taiwan). But it doesn't stop there. While, for example, Prada and Gucci are not on her books anymore, it was Wong who provided the springboard for both into mainland China, and she continues an association as their landlord through the Walton Brown Group's shopping malls, the most prestigious of which are specialty designer stores called Maison...