34,294 research outputs found
ELECTRONIC COMMERCE WITHIN THE CHINESE BANKING INDUSTRY
Electronic Commerce (EC) enables business transactions to be conducted electronically, offering many operational and strategic benefits to organisations. While EC has been widely adopted across industry sectors in developed countries, its adoption in developing countries has not been widespread. At the moment, there are relatively fewer studies of EC adoption in developing countries compared to those in developed countries and hence little is known why and how to accelerate the EC adoption in developing countries. This paper explores the adoption of EC within the banking industry of China, as an example of a developing country. The findings and lessons learned from this study are useful to better understand the drivers of EC adoption, the relevance and potential of EC and the barriers to adoption within the Chinese banking industry specifically and China in general. Other developing countries may also benefit from this study by establishing their awareness of the EC potential as well as possible barriers that they need to confront in the adoption of EC
Factors Influencing People’s Intention to Adopt E-Banking: An Empirical Study of Consumers in Shandong Province, China
E-Banking is growing at an unprecedented rate and has become a truly worldwide phenomenon, offering convenience, flexibility and interactivity for those that can, and know how to access it. This is clearly evidence in China. However, despite such growth and popularity, some users still have reservations about using Information and communication technology (ICT) in their daily banking activities, perhaps due to deep routed cultural factors that cause consumers to question the efficacy of such changes. Through the application of a technology acceptance framework, and empirical evidence from 52 E-Banking user questionnaires and four key market segment interviews, the research explores the factors that influence consumers’ intention to adopt E-Banking in Shandong Province of China. The findings highlight that perceived usefulness and perceived credibility are significant factors which have a positive influence on consumers’ intention to utilise E-Banking, while perceived ease of use and perceived cost are less significant. Unpacking the reasons for resistance to the use of E-Banking highlighted that “difficult to operate”, “unnecessary to use it” and “worry about the security” are key drivers and therefore challenges for the service providers. Based on the results, recommendations are drawn for banks, involving focusing on the significant factors, avoiding weaknesses and optimising strengths of E-Banking and ultimately developing more accurate market positioning strategies to align and manage consumer expectations and maximise potential acceptance
China's Embrace of Globalization
As China has become an increasingly important part of the global trading system over the past two decades, interest in the country and its international economic policies has increased among international economists who are not China specialists. This paper represents an attempt to provide the international economics community with a succinct summary of the major steps in the evolution of Chinese policy toward international trade and foreign direct investment and their consequences since the late 1970s. In doing so, we draw upon and update a number of more comprehensive book-length treatments of the subject. It is our hope that this paper will prove to be a useful resource for the growing numbers of international economists who are exploring China-related issues, either in the classroom or in their own research.
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China-U.S. Trade Issues
[Excerpt] U.S.-China economic ties have expanded substantially over the past several years. Total U.S.-China trade, which totaled only 387 billion in 2007. China overtook Japan to become the third largest U.S. export market, and overtook Canada to become the largest source of U.S. imports. With a huge population and a rapidly expanding economy, China is a potentially huge market for U.S. exporters. However, U.S.-China economic relations have become strained over a number of issues, including large and growing U.S. trade deficits with China (which hit $256 billion in 2007), China’s failure to fully implement its World Trade Organization (WTO) commitments (especially in regards to protection of intellectual property rights), its refusal to adopt a floating currency system, its use of industrial policies and other practices deemed unfair and/or harmful to various U.S. economic sectors, and failure to ensure that its exports to the United States meet U.S. health and safety standards. The Bush Administration has come under increasing pressure from Congress to take a more aggressive stance against various Chinese economic and trade practices. In response, it filed a number of trade dispute resolution cases against China in the WTO, including China’s failure to protect IPR and afford market access for IPR-related products, discriminatory regulations on imported auto parts, and import and export subsidies to various industries in China. In addition, the Administration reversed a long-standing policy that countervailing cases (dealing with government subsidies) could not be brought against non-market economies (such as China). In December 2006, the Administration began a “Strategic Economic Dialogue” (SED) with China to discuss major long-term economic issues between the two countries; the latest SED talks were held in December 2007. In response to growing concerns in the United States over the health, safety, and quality of certain Chinese products, the Administration in 2007 concluded agreements with China on toys, food and feed, drugs and medical devices, and tires. Numerous bills have been introduced in Congress that would impact U.S.-China economic relations. H.R. 321, H.R. 782, H.R. 1002, H.R. 2942, S. 364, S. 796, S. 1607, and S. 1677 seek to address China’s currency policy. H.R. 388 would prohibit U.S. imports of Chinese autos as long as Chinese tariffs on autos are higher than U.S. tariffs. H.R. 708, H.R. 1229, and S. 974 would apply U.S. countervailing laws to China. H.R. 1958 and S. 571 would terminate China’s permanent normal trade relations status. H.R. 275 would prohibit U.S. companies from aiding regimes that restrict Internet access. S. 1919 would limit the president’s discretion on Section 421 investigations on import surges from China. H.R. 3273 would expand U.S. export promotion programs to boost exports to China. Finally, numerous bills have been introduced to address concerns over unsafe imports (including from China). This report examines major U.S.-China trade issues and will be updated as events warrant
Critical review of the e-loyalty literature: a purchase-centred framework
Over the last few years, the concept of online loyalty has been examined extensively in the literature, and it remains a topic of constant inquiry for both academics and marketing managers. The tremendous development of the Internet for both marketing and e-commerce settings, in conjunction with the growing desire of consumers to purchase online, has promoted two main outcomes: (a) increasing numbers of Business-to-Customer companies running businesses online and (b) the development of a variety of different e-loyalty research models. However, current research lacks a systematic review of the literature that provides a general conceptual framework on e-loyalty, which would help managers to understand their customers better, to take advantage of industry-related factors, and to improve their service quality. The present study is an attempt to critically synthesize results from multiple empirical studies on e-loyalty. Our findings illustrate that 62 instruments for measuring e-loyalty are currently in use, influenced predominantly by Zeithaml et al. (J Marketing. 1996;60(2):31-46) and Oliver (1997; Satisfaction: a behavioral perspective on the consumer. New York: McGraw Hill). Additionally, we propose a new general conceptual framework, which leads to antecedents dividing e-loyalty on the basis of the action of purchase into pre-purchase, during-purchase and after-purchase factors. To conclude, a number of managerial implementations are suggested in order to help marketing managers increase their customers’ e-loyalty by making crucial changes in each purchase stage
Purchasing Power: The Corporate-White House Alliance to Pass the China Trade Bill Over the Will of the American People
The passage of China Permanent Normal Trade Relations (PNTR) by the U.S. House of Representatives in late May 2000 over the overwhelming will of the American people was the result of the most forceful and aggressive corporate legislative campaign in history. Despite four-to-one public opposition, the bill was passed by the use of unprecedented amounts of corporate money in political contributions, advertising, lobbying and rented "experts," as well as the application of the White House s full resources. To fulfill their own overlapping goals, the corporate coalition and the White House worked in such tight coordination that the General Accounting Office has reported that federal law on Executive branch lobbying practices was violated. Deaf to pleas from even pro-PNTR House Democrats, the administration launched the China PNTR crusade to build a legacy for the President knowing it would damage Democrats chances to regain a House majority. To celebrate the House PNTR vote, President Clinton went out that night to a corporate political fund-raiser boycotted by many Democratic House Leaders. The corporate interest was in eliminating the annual Congressional review of China trade and to obtain unconditional, unlimited access to the U.S. market for goods produced in China. The day after the House vote, the Wall Street Journal and other papers finally reported that the corporations were not so much interested in access to the Chinese market to sell goods there, but rather sought guaranteed U.S. access for goods they could produce in China with its remarkably high-quality, cheap, government-controlled labor and lax environmental controls. Passing China PNTR was an important priority for both players for another important and symbolic reason: the proponents of corporate globalization and corporate managed trade had been defeated for five years by a determined citizen s movement that recognized that the corporate and White House globalization agenda was benefitting narrow corporate interests at the expense of working families and the environment. The Clinton administration and the corporate lobbies had pushed the North American Free Trade Agreement (NAFTA) and the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) which established the World Trade Organization (WTO) through the Congress during the administration s first term. While the NAFTA and WTO fights required concerted corporate lobbying and public relations efforts, obtaining political support for expanding existing globalization policies had become much more difficult. Polling showed that people had become aware of the all-too-real down sides of what its proponents dubbed "free trade," but was increasingly revealed to be corporate managed trade. Several years after NAFTA's passage when its negative impacts became apparent, public opinion, never supportive of the corporate-White House trade agenda, turned frosty. Significant relocation of high-wage manufacturing jobs to Mexico, increased border pollution and health problems, and the declining safety of America s increasingly imported food supply made the public increasingly skeptical of the promises and projections made by the "free trade" proponents. The complete executive summary and access to the full report available via the link below
THE STATE OF CHINA-EUROPEAN UNION ECONOMIC RELATIONS. Bruegel Working Paper Issue 09 20 November 2019
China and the European Union have an extensive and growing economic
relationship. The relationship is problematic because of the distortions
caused by China’s state capitalist system and the diversity of interests within
the EU’s incomplete federation. More can be done to capture the untapped
trade and investment opportunities that exist between the parties. China’s
size and dynamism, and its recent shift from an export-led to a domesticdemand-
led growth model, mean that these opportunities are likely to grow
with time. As the Chinese economy matures, provided appropriate policy
steps are taken, it is likely to become a less disruptive force in world markets
than during its extraordinary breakout period
India-China Border Trade Through Nathu La Pass: Prospects and Impediments
This paper attempts to examine and analyze the important studies on the prospects and impediments of Nathu La cross Border Trade after its reopening in 2006 up to 2015. This article aims to explore the current situation of Indo-China trade perspective through Nathu La Pass. Nathu La is one of the three open trading border posts between India and China; the other two being Shipkila in Himachal Pradesh and Lipulekh (or Lipulech) in Uttarakhand. After the reopening of India-China cross-border trade on 6th, July 2006 through Nathu La Pas, it has not only enhanced benefit in trade but has also strengthened growth of tourism in Sikkim. Nathu La trade after its resumption proved as a means of livelihood for the people of this region. Neighboring countries like Bangladesh, Bhutan and Nepal could use this route for both trade and tourism. Sikkim could be an ideal destination for Mahayana Buddhist tourist coming from foreign countries. The rising trend of exports along with import in trade through this route has brought immense positive impact on India. The export of Indian goods to China from this region has increased from ₹ 8.87 lakhs in 2006-07 to ₹ 1604.43 lakhs in 2014-2015 and ₹ 6025.00 lakhs in 2015-2016. Despite these positive aspects, the Nathu La border trade has faced many problems. Some of the problems are fragility of land, lack of infrastructure, lack of trade knowledge in local aspirants, duration of trade, language barrier, climatic conditions and limited numbers of commodities which are only allowed to export from this region. Observing the present data of the trade, it is found that the trade with China via Nathu La is not satisfactory. The study explicates to examine feasibility of the alternative route for trade via Nathu La. Finally this paper examines the constraint that leads to non-fulfillment of NTSG (Nathu La Trade Study Group) projection and suggest some measures towards its fulfillment
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