Kate Zhao graduated from the Graduate School of Communication at Zhejiang University, with a major in cross-culture communication. She has worked as both a full-time and part-time business reporter at various Chinese media such as China Business, China Marketing, New Marketing, and 21st Century Business Herald. She also worked as a public relations manager for Crest brand at P&G Greater China in Guangzhou.
From Shanghaiist: The first rule that many foreigners hear about doing anything in China is that you will need guanxi – relationships that help you clear the jungly bureaucracy, receive preferential tax treatment, or “free” land. Of course, the follow-up rule that is never stated in polite company is that guanxi means money, a greased […]
Read MoreCentral governments have always wanted to get rid of huge, bad debts, but there are no policies that clearly define what bad debts are exactly or how to deal with them. As a result, many local governments mix some high quality assets with bad ones, bankrupt them, and thus escape the loans from banks. From […]
Read MoreFrom Keralanext.com: Two Chinese professors have been punished for plagiarism in their published papers, with the circulation of a notice of reproval. Beijing Times reported that the Regulatory Commission of National Natural Science Foundation of China (NSFC) issued a notice of criticism Wednesday for professors Ai Yong, from Wuhan University and Zhang Lianshun, from the […]
Read MoreChina’s economic-planning and environmental protection arms are again at odds on whether to continue the more-stringent auto-emissions standards as planned, said the Wall Street Journal. The National Development and Reform Commission said it wants to delay the implementation of the standards after the July 1 deadline, while the Environmental Protection Administration insisted that it will […]
Read MoreFrom Financial Times: China is in the middle of the last and most difficult restructuring of its large lenders: that of Agricultural Bank of China (ABC) , a behemoth with nearly half a million employees, 27,000 branches and a stack of bad loans on its books. China has restructured four of its five state banks, […]
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