OPPapers.com Essay Index >> Business >> Asias Globlization
We have many free term papers and essays on Asias Globlization. We also have a wide variety of research papers and book reports available to you for free. You can browse our collection of term papers or use our search engine.
asias globlization In business today there are many companies and countries conducting global business. The Japanese, Chinese and the South Korean's are all very
Submitted by oppapers on December 4, 2002
Category: Business
Words: 691 | Pages: 3
Views: 448
Popularity Rank: 26,179
Average Member Grade: N/A (Add a Comment / Grade this Paper)
In business today there are many companies and countries conducting global business. The Japanese, Chinese and the South Korean's are all very aggressive in this growing trend among countries and corporations. What's interesting is the present state of our political relations with the Chinese and our direct investment in them. It's no secret that if we went to war with China over some unforeseen problem that it would be quite a challenge, so we've taken an alternate route. Keep them close and invest.
China received just over 45 billion in 1997 but Foreign Direct Investment and has not shown signs of slowing down. Jiang Zemin (China's commander and chief) in a recent press conference with the Asia-Pacific Economic Cooperation forum reassured the pacific rim CEO's he would continue to open his markets to foreign investments. This way of thinking began in 1978 when the Chinese leadership began to move the economy from a restricted market to more of a capitalist market. The results at the forefront of this movement were small, only about 2.7 billion between 1985 and 1990 and then exploded in 1997 to a record of 45 billion. (international business-186)
Mainland Chinese corporations are acquiring overseas assets with the pace picking up. Shanghai Automotive Industry Corp. said it would pay $60 million for a 10% stake in the revived Daewoo Auto, now led by General Motors Corp. China Petroleum & Chemical Corp. (Sinopec) bought a 75% stake in an oil field in North Africa for $394 million. Huayi Group of Shanghai is paying $20 million for the battery-making assets of Moltech Power Systems, a bankrupt company in Gainesville, Fla. Granted, China's investment overseas is tiny compared with the vast amounts of money flowing into the country but it's just the begining. Chinese companies will spend at least $2.4 billion abroad this year, but that's just a fraction of the $50 billion in foreign investment China is projecting for 2002. The modest numbers,...
You must Login to view the entire paper.
If you are not a member yet, Sign Up for free!