China Business Update
"China's ongoing conversion from sleepy giant to economic powerhouse has opened the door for Chinese companies across a number of different industries to take advantage of the growing domestic market for goods and services. In this special report [from Knowledge@Wharton], we look at the rise of digital music in China and its threat to the traditional music publishing business, recent progress in the expansion of China's fast food industry, government and private sector efforts to increase the presence of microfinance in China, challenges posed by privatization, and unease over the country's growing labor shortage. In addition, we include an interview with Shao Ping, vice president of China Minsheng Bank Corp. (CMBC), on such topics as competition in the banking industry, the importance of innovation and customer service, the challenge of non-performing loans and the ongoing controversy over the RMB exchange rate."
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