Citigroup's Adaptability
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Title: Citigroup's Adaptability

Essay Details:

Subject: Business
Author: Anthony C
Date: December 16, 2012
Level: University
Grade: A
Length: 3 / 662

Essay text:

However, their refusal to consider a joint venture indicates a reluctance to adapt to the realities of the Chinese market. Citigroup may very well be correct in its stance, but the conclusion required for the paper does not ask whether their decision is a wise one, just whether it reflects an ability and willingness to adapt to the Chinese market conditions. The environmental conditions in the Chinese banking sector are heavy loads of bad debt, government interference in business decisions, artificial manipulation of the exchange rate of the rembi (China's national currency) and use of bank assets to prop up failing State Owned Enterprises (SOE)...

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