<P>China Report: Studies in<BR>Operations and Strategy<BR>China and the<BR>New Rules for<BR>Global Business<BR>China and the New Rules<BR>for Global Business<BR>Opportunity or Threat? Global Firms Must Learn to Leverage China Page 1<BR>With a population of more than one billion and an immense supply of low-wage workers,<BR>China is coveted both as a consumer market and a superb location to manufacture and<BR>source products. But is the conventional wisdom correct? Experts at Wharton and BCG say<BR>it is essential that companies view China as a core component of their globalization strategy<BR>and not just a low-cost country for sourcing.<BR>Sourcing: How China Compares with the Rest of the World Page 6<BR>From machine tools to computer parts to home furnishings, companies in the U.S. and<BR>Western Europe see China as the producer of choice for components or finished goods.<BR>Among low-cost countries, China’s industrial output is the largest — and it’s growing the<BR>fastest. What makes China so attractive, and how should companies choose the right<BR>sourcing locations for different parts of their value chain? Experts from Wharton and BCG<BR>offer some advice for corporate decision makers.<BR>Big Global Banks Want to Make Big Bucks in China — Wish Them Luck Page 9<BR>When China entered the World Trade Organization in 2001, it agreed, among other things,<BR>to begin liberalizing its rules for foreign financial companies. By 2006, it will have to give<BR>them full access. Rolling out financial products and services and helping China’s banks<BR>with their transition to a market economy, however, is easier said than done, according to<BR>BCG consultants and Wharton professors.<BR>Watch Out: Will China’s Rising Upstarts Upstage Global Multinationals? Page 12<BR>When Motorola arrived in China in 1987 with pagers and cell phones for trendsetting<BR>city-dwellers, it easily dominated the Middle Kingdom’s market. Soon Finland’s Nokia<BR>came along to claim the No. 2 spot. Recently, though, Chinese companies like Ningbo Bird<BR>have begun to fight back for market share, a prospect that frightens the foreign incumbents.<BR>Can the upstarts upstage the MNCs? Experts at Wharton and BCG weigh in on the battle.<BR>Will Low-Cost Countries Live Up to Their Name? Page 15[subject_波士顿][subject_诺基亚][subject_摩托罗拉] </P>
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