Spirit of Japan

“The Sea is a symbol of the infinite god. A person is just a drop of froth that disappears in the crest of a wave.” – Japanese Philosopher, Tomonubu Imamichi.

March 11 turned a devastating day for Japan due to the tsunami. Nuclear reactors leaked and spread the poison around the nation. This natural disaster over Japan has affected the whole world. All major stocks tumbled down.
Every nation has expressed the sympathy towards Japan over the natural disaster. This is not the first time, Japan struggling against the nature. Such incidences occurred few times in past also.
Die hard persistence and endurance to continue growth is unbelievable in these people. Small island defeated in Second world war has displayed marvelous growth within next fifty years.

ebay to foray into China

Paypal, secure online payment service f e-bay has more than 85 million users around the world. Paypal is available in total 24 currencies.

history of paypal

Paypal has decided to set up international e-commerce hub in Chongqing, largest industrial and commercial hub in south east china. This is going to enable cross border transactions in China. It will help customer to do payment in many available currencies through paypal, helping to grow e-bay. It will also help to sell Chinese products in different markets into other countries.

Currently, Most of the transaction and payment in China are done through Alipay, third party payment platform started by alibaba group,which has about 53 million users across china for B2B e-commerce.

Doing business in China

Chinese dragon can’t be stopped. But, it is also true that foreign multinational companies are entering China for business.  They are very well supplying the needs of Chinese people.  Business strategies and marketing, advertising principles are twisted as much, so that now, population in  china is accepting the foreign products.

America’s fashion wear company ‘LeviStrauss’ has launched its jeans’ brand dENiZEN in the city of Shanghai. French luxury purveyor ‘Hermes’ has launched new brand of clothing wear only for Chinese people. All designs of clothes as well as shops from top to bottom are translated in Chinese.

General Motors (GM) have already introduced Auto Bao Jun ( word means ‘Prized Horse’), which is sold at price lower than Chevrolet sold in china.

There are also few Chinese retailers which are doing well but surely affected by upcoming traders.

*Danone is also French food manufacturing division. They think that it is china original.

* Metersbonwe Group is company of casualwear apparels founded in 1995 in China.

Avatar 2D banned in China

China has banned  ‘Avatar 2D’.  Govt has reported that they are going to support 3D version, which will be running in all movie theaters. Even though reason put ahead to support 3d version, country has planned privately to save market for local movies which will be released in current week. This is how China secure its own business and market.

This is the protectionist measure taken by China for local entertainment industry. Economist Paul Krugman predicted at new year eve ,’ Year 2010 will be china’s year. It is going to become global financial and trade power.’ To sustain self economic growth, trade policies are are bluntly kept protectionist and predatory. It not loss, country will try to protect growth rate at any cost. Few notable points about government policies by China.

• Current exchange rate shows, 6.8 yuan equals 1 US dollar.
• China restricts private foreign investors getting into china. It avoids inflow of dollars into country. On the other side, this policy blocks the job availability for growing population. So, this will raise unemployment rate.
• Country always try to conserve trade surplus. Chinese products are dominating world market due to this policy.

China is expected to keep growth rate of 8.8  % in 2010, which is much faster than world economy, which expands 2.4% .