Business and Technology in China (Understanding China Today) by Jing Luo

By Jing Luo

Get an insightful, professional examine the interior workings of China's company international, highlighting the country's makes an attempt to increase the clinical and technological base for a greener fiscal model.

• Charts and tables give you the most modern information on China's financial system from a number of authoritative sources

• presents an inventory of on-line assets for additional exploration of China and its economy

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The economy was hit again by the Sichuan earthquake that occurred in May 2008; the death toll was close to 70,000. The Chinese government, once again, intervened to stop the encroachment of the financial downturn. The Chinese government is fully aware of rural troubles, including occasional violent protests, and deals with them aggressively. The government attributes such incidents to the following causes: (1) peasants’ land rights have not been properly protected, (2) environmental pollution has not been properly contained, (3) migration has not been properly handled, and (4) peasant assets have not been protected.

2. New Rural Cooperative Medical Insurance (NRCMI), established in 2003, consists of a pooled fund for inpatient stays and is financed by various government bodies and participants. 50) from participants, RMB20 ($3) from provincial government, and RMB20 from the central government. Benefits are limited, with reimbursement rates that can be as low as 30 percent for inpatient expenses, and operated on a ‘‘pay-first, claim-later’’ basis. Nevertheless, the scheme has expanded rapidly, and an estimated 800 million out of a total of 850 million rural citizens participate in NRCMI.

Some billionaires are entertainment experts. 6 billion RMB, ranking number 52 in Forbes Richest Chinese 2007. ’’ Networking pays, in addition to sound business decisions. An expert in public relations, Chen maintained good relationships with government organizations. After serving on several deputy positions in a variety of companies, Chen rose to the top of Shengda Net and established a most popular interactive gaming network offering among other services a multiplayer gaming platform (MMORPG).

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