Ideally, the management team should be a combination of experienced Chinese and Western managers.
Still, many Chinese and Western economists and demographers say that urbanization can be a double-edged sword.
Many younger Chinese consumers favor Western brands because they believe that Western products elevate their social status.
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Many Chinese companies use Western-sounding names to make their companies or product brands sound modern, or to imply their businesses have Western connections.
She acknowledged the challenge of bringing Chinese customers to Western restaurants.
Paper comes from the Chinese, the Western alphabet comes from the Phoenicians, the page numbers come from the Arabs and ultimately the Indians, and printing has a heritage through Gutenberg, a German, as well as through the Chinese and Koreans.
Mr. Ching said Sotheby's gallery will aim to educate Chinese buyers on Western art by first introducing them to Asian artists who already enjoy an international following, like Japanese artist Yayoi Kusama, as well as 19th-century French painters such as Claude Monet, whose Impressionist landscapes are immediately recognizable to collectors everywhere, Mr. Ching said.
Because of my experience on Wall Street and China, and the team of experienced Chinese professionals that we have assembled, we act as a lightning rod for Western and Chinese companies alike.
The key, as so often in Chinese business, was to link western know-how with Chinese connections.
Morgan became the latest foreign bank to invest in a Chinese trust company, even as Western banks have sold stakes in Chinese state-owned banks.
Both the Western and Chinese economies need to rebalance, and this process has already begun.
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In addition to quality considerations, Chinese consumers believe that Western products elevate their social status.
The Mansour Hotel houses the Chinese embassy and several western organizations.
Chinese banks sometimes outbid Western banks because they often offer commission-based pay allowing a sponsor to double his base salary in a good year, the bankers said.
Its posh spa offers treatments from massage and facials to fun with hot stones and mud packs, and its four restaurants cater to Chinese, Japanese or Western tastes.
And Whirlpool's washing-machine factory now makes appliances under contract for Kelon, which sells them under its own brand, a reversal of the usual hierarchy between western and Chinese firms.
Meanwhile, the error all along, to which both Chinese policy makers and Western commentators seem to have fallen victim, has been to confuse a high degree of usefulness with indispensability.
Kentucky Fried Chicken positioned itself in China as a Western brand with Chinese characteristics.
The virus was discovered in pigeon samples in Huhuai market in western Shanghai, Chinese media said.
Chinese manufacturers take orders from Western companies that have designed products for their home markets.
The advertisements associate Western technology with Chinese traditional fortune telling characters called chaizi.
Partly through joint ventures with Western companies, Chinese enterprises have become important exporters.
The question is whether or not Chinese banks will follow the Western model completely and whether they will embrace investment banking.
"We have a very strong base of Chinese collectors and some loyal Western buyers, " she told CNN in an emailed response to questions.
But in this exquisitely researched and beautifully told biography, Walker suggests that Western deference to Chinese feelings may have affected Stein's posthumous reputation.
It is no secret that the Chinese market likes branded, Western goods, with purchasing in China driving higher end apparel, jewelry and auto sales.
Goldwind, Coda, and the Thermal Power Research Institute are hybrids of Western design and Chinese production, and no nation has yet mastered both the invention and the low-cost manufacturing of clean technology.
Complicating matters further is the fact that the richest petroleum deposits lie in the Okinawa Trough, an 8, 200-foot (2.5 kilometer) gash in the seafloor that separates the Chinese continental shelf from the Western Pacific.
In the 1990s several big pharmaceutical firms, including Bayer AG of Germany, Eli Lilly and Pfizer, formed alliances with Chinese research institutes or companies that specialized in traditional Chinese medicines, aiming to apply modern drug-hunting techniques to screen Chinese herbal medicines for potential Western blockbusters.
In the 1990s several big pharmaceutical firms, including Bayer (nyse: BAY - news - people ) AG of Germany, Eli Lilly and Pfizer, formed alliances with Chinese research institutes or companies that specialized in traditional Chinese medicines, aiming to apply modern drug-hunting techniques to screen Chinese herbal medicines for potential Western blockbusters.
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