China's next big move will be in financial services.
China's increasing financial power is leading to the rise of the renminbi as an international currency
John Ross believes China will soon be better known for the firepower of its banks than being the workshop of the world for inexpensive manufactured goods.
China has been dedicated to switching its economic growth model in the past few years and will continue such an effort in the coming decades. With softening international demand, increasing labor costs and intense competition from neighboring countries with even cheaper labor, the government has rolled out many policies aimed at transforming China's economic growth model so that the economy relies less on foreign demand through exports and more on domestic consumption.
Financial innovation can improve Chinese companies' global reputation
Multinational firms push Micro Blog marketing strategies to drive sales, growth in China.
Though foreign companies are still fine-tuning their micro blog strategies, domestic companies have edged ahead in China and made considerable gains with their prime-mover advantage.
While foreign companies are busy using micro blogs to promote their business, others have made a business out of them.
Strategic use of micro blogs can help companies achieve marketing success
Marketing promotions by global companies have intensified with the rapid rise of micro blogs and the decline of discussion boards. With their huge number of users, these online platforms have not only changed the way that multinational companies share information in China, but also reshaped an entire generation.
Liu Yagan is someone who can rightly claim to have had a significant impact on the African banking sector.
African banks represent a better growth opportunity than European and US banks, according to a China bank chief.
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