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Business Opportunities for 2008 Olympic Games Open to Global EnterprisesTOP

Zhejiang

Business opportunities generated by Beijing's successful bid to host the 2008 Olympics are starting to emerge. Over the next seven years, Beijing will be committed to making preparations to host a great Olympic Games. Construction and service projects related to the 2008 Beijing Olympic Games will provide as much as 136 billion yuan (US$16.4 billion) in business opportunities for domestic and foreign investors.

A number of domestic and foreign business delegations, enterprises and experts have registered to take part in the Invest Beijing -- Market Promotion Conference on Olympic Economy, and senior managers and representatives from some Fortune 500 firms, including GE, Dell, Boeing, Nortel Networks, Wal-Mart and Kodak will attend.

Business opportunities in the preparations for the 2008 Olympic Games in Beijing will be open to global enterprises including Norwegian businesses.

Contracts for preparatory work for the 2008 Olympic Games will be allocated by a system of world-wide public bidding, and Norwegian enterprises are welcome.

More than $53 billion in expenditure is projected to provide Beijing with a range of new sports venues, technology facilities, and traffic and city management systems for 2008. Major infrastructure projects in the areas of rail, road, telecommunications and broadcasting, and electricity and gas generation and distribution are planned. The Sydney-Beijing Secretariat is working with various Beijing agencies, including the Beijing Organizing Committee for the Olympic Games and the Beijing Municipal Government, to identify business opportunities for New South Wales companies.

In fact, several meetings have been held and early opportunities include master planning an individual venue design, architectural and engineering services, legal services, environmental remediation and management, and transport infrastructure. The secretariat has already moved to capitalize on these opportunities. A trade mission comprising 30 local companies visited Beijing and Shanghai in March, with around $15 million in export sales predicted over the next 12 months as a result.

Business Culture in BeijingTOP

Beijing is China's political capital, and many Chinese say that Beijingers are pure "political animals." Beijingers from all social strata and professions share this political zeal. Politics is the salt in Beijing life, goes a common saying: Without this salt, Beijing life is tasteless. Most Beijingers are up to date on the latest political news; people joke that in the streets of Beijing, random passers-by will know more about politics than many politicians outside Beijing.

Related to this love of politics is an emphasis on family status, background and social position. Thus, Beijing businesspeople may automatically treat seriously and with great respect someone whose business card displays the title of board chair or president, especially of a big corporation. And big companies, large business groups, and well-known brands tend to have a much easier time breaking into the Beijing market. On the negative side, Beijingers' preoccupation with politics has been criticized as resulting in a weaker market consciousness and slower reaction to market changes. Thus, Beijingers' business behavior often changes with official policy shifts, responding more to the needs of government than the market.

Beijingers are also especially sensitive to face, thus they pay special attention to formalities. Nevertheless, Beijingers are well known for their love of humor, often used to lighten up otherwise formal proceedings.

Given these characteristics, foreign businesspeople conducting business in the PRC capital should be prepared to kandashan and play "political cards" by cultivating connections with leading politicians. Companies with good political skills and connections are regarded as more desirable business partners in the capital.

Ten Tips for a Successful Business Trip in Beijing

Key tips for every beginning business traveler and a refresher list for the seasoned pro.

1. Do not waste your company's money and time. The important part of business travel is business, not travel. You will be judged on how your handle both.

2. Thoroughly review and understand your company's travel popcy. You will need to know what expenses are covered, and what you are expected to pick up on your own. Take a copy with you.

3. Understand the restrictions on airpnes, hotels, car rentals, meals, phone calls, laundry, minibus and all other expenses. If something is not clear, do not assume, contact your boss or human relations department to get the answers you need.

4. Connect with your corporate travel staff. These are the individuals who book your fpghts, hotels and car rentals. Ask them to explain how you should proceed if something goes wrong. How do you make changes if you encounter delays or problems?

5. Expenses. Will you be using your own credit card or a company credit card for your travels? If you will be using your personal credit card, know that you may need to pay that bill prior to receiving your reimbursement allocation.

6. Understand the procedure for cash advances and the documentation you will need to turn in when you return.

7. Get to know the staff in your accounting department. These will be the people who process your expense reports. Ask them what they need and how they pke to receive information, then follow their advice. They can be your best friends.

8. Do not create travel envy. Play it cool and do not brag about your trips to non-travelers in your office.

9. Buy a durable piece of luggage that can also be used as a carry-on.

10. What are the business travel styles of your company? When travepng together, what activities are you expected to take part in? Is airpne seating an issue? When should you return to the office if you arrive mid-day or off a red-eye?

Investment Environment of BeijingTOP

WuHan

Beijing is the capital of China. With outstanding advantages of economic location, it is an area of close concerns with statesmen and entrepreneurs from all the countries of the world.

Beijing Central Business District (CBD) has been regarded as one of the districts with internationalized business atmosphere mostly where can provide business advantages with global consistency and living enjoyment with international quality.

Beijing has enormous capital market. 90% credit fund, 65% premium capital and over 80% business headquarters and centers for R&D of financial institutions converge in Beijing. More than half of the state-owned assets are controlled by large state-owned enterprises that establish the headquarters in Beijing.

As the financial decision making center, Beijing is the place where the People's Bank of China, all large financial and insurance agencies are located. Being listed among the experimental cities opened financially, Beijing has become extremely attractive to the international financial capital and agencies. A new progress has been made in electronic payment. The financial street of Beijing where the major state and local financial and insurance agencies stand has been basically completed, which will play an important role in the development of Beijing's finance and insurance. With the rapid development of international finance, 225 representative offices (non-business agencies) of foreign financial agencies and organizations had been established in Beijing. Beijing has made prominent achievement in using foreign investment. In 2004,Beijing's total value of agreements account to US$6.3 billions (US$3.1 billions attributed to direct investment). All these foreign enterprises can be classified into three classes:foreign funded enterprises, Sino-foreign joint venture enterprises and Sino-foreign joint cooperation enterprises, the number of each kind of the enterprises is 2815, 9604 and 965 respectively.

Beijing is all-out creating a high standard, modernized and internationalized financial functional district to supply domestic and foreign financial institutions and large-sized enterprise groups with first-rated infrastructure, human environment and high standard management and comprehensive service.

Beijing is the center for national financial decision and supervision. Key financial organizations such as the central bank and other policy banks, commercial banks and commercial insurance all build their headquarters in Beijing and the policies on money and finance are formulated and issued here.

Chinese Dining Culture ----Dinner Seating Arrangement TOP

Ancient Chinese Architecture

Chinese diet has a long history. In the country which has been a nation of etiquette and particular about food being the first necessity of the people since antiquity, dining etiquette has naturally become an important part of dining culture.

The banquet etiquette of China is said to originate from Lord Zhou. Through thousands of years of evolution, it has finally developed a set of universally accepted dining etiquette up to the present. It is the inheriting and developing of the dining ritual system in ancient times.

Dining etiquette varies with the character and purpose of a banquet and in different areas; it also differs in a thousand ways. The dining etiquette in ancient times is divided according to social strata: palace, local authorities, trade associations and folk society, etc. Whereas, modern dining etiquette is simplified as: master (Amphitryon) and guests. 

As a guest, people should be particular about appearance when attending a banquet and determine whether to bring small gifts or good wine along according the degree of relationship. They should also keep the appointment and be punctual. After they arrive, they should first introduce themselves or let the master do the introduction if unknown to others, and then comply with the master’s arrangement and take the seat. The seating arrangement is the most important part in the whole Chinese dining etiquette.

From ancient times to the present, owing to the evolution of dining furniture, the arrangement of seats has been changing accordingly. On the whole, the order of seats is: taking the seats on the left and facing the east or the entrance gate as the seat of honor. The seat of honor in a family banquet is reserved for the elder with the highest position in the family hierarchy and the least prominent seat for the one with the lowest position. 

When a family holds a banquet, the seat of honor is for the guest with the highest status and the master takes the least prominent seat. If the guest of honor is not seated, other people are not allowed to be seated. If he hasn’t eaten, others should not begin to eat.  

When making the rounds of drinks, people drink a toast from the seat of honor down in order.

If it is a round table, then the one facing the entrance door is the guest of honor. The seats on the left hand are in turn second, fourth and sixth, etc, while those on the right hand are in turn third, fifth and seventh, etc, until they join together.

If it is an Eight Immortals table and there is a seat facing the entrance door, then the right seat facing the entrance door is for the guest of honor. If there is no seat facing the entrance door, then the right seat facing the east is the seat of honor. Then the seats on the left side of the seat of honor are the second, fourth, sixth and eighth and those on the right side are the third, the fifth and the seventh.

If it is a grand banquet, the arrangement of tables should be the table of honor placed in the front middle. The tables on the left are in turn the second, the fourth and the sixth and those on the right are the third, the fifth and the seventh. People take seat according to the identity, status and degree of relationship.

A unique way to celebrate the one-year countdown activity of the 2008 Beijing Olympic GamesTOP

Ancient Chinese Architecture

A Bei Ge is a Hangzhou young man who dreams of being the image spokesman of the 2008 Beijing Olympic Games. He celebrates the one-year countdown activity of the 2008 Beijing Olympic Games in his own unique way: He has cut his hair the same as the five interlocking rings of the Olympic Games, tattooed the 35 Athletic Sports Events of the Olympic Games on his upper body and made a tricycle with many Olympic Games slogans. He will ride his tricycle through to Beijing and promote the 2008 Beijing Olympic Games to everybody he will see. A Bei Ge proves his Olympic Games sprit in this unique way. And he wants to make everybody know that he can represent the 2008 Beijing Olympic Games and be the image spokesman of the 2008 Beijing Olympic Games.

China Import Network will offer strong support for A Bei Ge’s Beijing Olympic Games promotion activities. And we will follow A Bei Ge’s riding to Beijing closely. We do this for making A Bei Ge’s dream come true and presenting a particular gift to celebrate the one-year countdown activity of the 2008 Beijing Olympic Games.

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Chief Editor: Sherry Yang           Associate Editor: Lark Huang, Jimmy Jiang

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