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The growth rate for 2007 is 11.4%
• The currency, RMB, is pegged to the USD and is currently undervalued.
• As at December 2007, the benchmark deposit rate (one year) is 4.14%, one year lending rate is 7.47%
• Inflation is approximately 7%
Social-Cultural Factors
• China has a population of 1.3 billion, with 7.7% over the age of 65
• 42% of the population is in the urban area and 57% in rural.
• 3.6% of the population over the age of 15 has postsecondary education and 51% with just primary education or below.
• Very limited people with qualifications necessary for successful corporate management
• There is an absence of “consumerism” in the workforce due to the legacy of State Owned Enterprises
• Expatriates often find it difficult to adopt culturally to life in China
• Corporations seeking to hire from the Chinese labour market find it difficult to get employees to leave the State Owned Enterprises...
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Common topics in this essay:
- THE INTERNET BANKING PROJECT IN INDUSTRIAL AND COMMERCIAL BANK OF CHINA (SHANGHAI)
- Banking Industry Analysis
- Banking Industry analysis
- Dividend Analysis Of Banking Industry
- Internet Banking
- internet banking
- Managing security issues of Internet Banking
- Pakistan's Banking Sector Industry Analysis
- Pakistan's Banking Sector's Industry Analysis
- Pestel Analysis - Banking In China
- prime bank internet banking
- Internet Banking Security
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- Internet Banking: Reliability And Accessibility Issues
- RISE AND FALL OF INTERNET BANKING
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