Tuesday, September 27, 2011

Red China Goes Green: Chinese Government to Support Environmental-Friendly Projects

During the present Five-Year Plan (Twelfth Five-Year Plan: 2011-2015), the Chinese Government has vowed to invest RMB 2 trillion (around USD 300 billion) into the “green economy.”

The amount lends us to believe that foreign investors will also profit from assisting the Chinese government and businesses in more efficiently and cleanly utilizing energy.

Most of the major players, already, have a foothold in China, but the smaller players have plenty of room to maneuver.

Good news for the Chinese people and foreign companies, Vice Minister of National Development and Reform, Xie Zenhua was quoted by the Chinese media extensively that China will focus on projects that will drastically reduce the carbon footprint of China. When a high-level minister makes these statements, often the promise becomes a reality.

As we all know, China is an incredibly polluted nation, however, progress is evident.  Between 2006 and 2010 (Eleventh Five-Year Plan), units of energy per unit of GDP decreased by over 19%, while Carbon dioxide, in China, was cut by 1.5 million tons according to Chinese government statistics.

I have no clue of the accuracy of these statistics, but China has considerably cleaner air than the roaring early 2000s.

The reason for the concentration on cleaning up the environment is the growing middle and upper class that are demanding a cleaner environment.
This has little to do with the international image of China as noted in one of the best books on China: <a href="http://www.amazon.com/Out-Maos-Shadow-Struggle-China/dp/1416537066/ref=sr_1_6?s=books&ie=UTF8&qid=1317097090&sr=1-6">Out of Mao's Shadow: The Struggle for the Soul of a New China.
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30 years earlier these same people were demanding jobs and they got jobs. 20 years earlier these same people were demanding luxury housing and they got luxury housing.

This demand may be more difficult, but I trust that the Chinese government has placed this issue as a top priority and top priorities are typically well managed by Red China - so yes - Red China is going Green.

Wednesday, September 21, 2011

The Asian Law Blog

We are proud to announce the introduction of the Asian Law & Business Blog. The blog is a work in progress, but will include updates on Korea, China, Cambodia, Laos, Vietnam, Malaysia, Indonesia, and the Philippines law.

The motivation for the blog is the fact that I don't only work in Korea and I am engaged in numerous projects in Asia Korea, China, India, Vietnam, Laos, Cambodia, Malaysia, the Philippines and the United States.

At present the blog includes, mainly, posts from The Korean Law Blog.

The blog can be found at: www.theasianlawblog.com

The Korean Law Blog also has a simplified header and a new more simple design. Some have mentioned that the header looks like it was made by someone with the computer skills of a first grader.

Yes, the former header was made my little ole me. I have contacted, on numerous occasions, professionals to improve the look and feel of the blog, but I always come back to simple being the best.

What do you think?
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SeanHayes@ipglegal.com

Tuesday, September 20, 2011

As China Goes, So Goes the World: How Chinese Consumers are Changing Everything

My friends over at the China Law Blog wrote a post on a book that I bought based on my careless reading of their post. As I mentioned in previous posts, China Law Blog is, simply, the best blog on China Law and should be read daily if you are interested in the Chinese legal system or doing business with or for the Chinese.

The book mentioned in their post is entitled: As China Goes, So Goes the World: How Chinese Consumers are Changing Everything.

I got through about 80 pages last night and I put it down and decided that it is simply a history book on China interwoven with a consumerism-based doomsday prophesy. I read enough history books on China and hear enough rants about consumerism on MSNBC. I enjoy history and rants, but combined they lead me to Pawn Stars on my Slingbox. Slingbox and DVR has changed "everything" for me. Prior to the Slingbox, I would have read the book to the end and maybe would have realized that the book is more than I am lead to believe by the first 80 pages of words that seemed even more dry than Chinese popcorn.

If you want a book on selling to Chinese consumers in China, do not read this book, but, instead, read Chocolate Fortunes: The Battle for the Hearts, Minds, and Wallets of China's Consumers.

If you are interested in a decent history book on China and you can appreciate the benefits of the rant, then, read the book.

Here is the note from the publisher. The note is much less misleading than the title.
Although China remains nominally socialist, consumerism has become deeply entrenched, the ramifications of which will be considerable--and global--according to Gerth (China Made), Oxford University professor of modern Chinese history. He paints a vivid picture--and historical context--for the waning of frugality and the traditionally high rates of saving and the rise of pop culture, luxury-brand consumption and car culture, a burgeoning advertising industry, the ubiquity of Chinese counterfeits, and--more sordidly--the development of the largest commercial sex work force in the world, the theft of baby girls for adoption export, and the sale of essential organs. Gerth makes an arresting argument that Chinese consumption may be the panacea for the scrabbling economies of the West; Chinese demand for American and European high-tech goods, financial services, and other products might create jobs and economic growth and, in turn, lead to a stable, increasingly capitalistic, and eventually democratic China. Required reading for those interested in shifting global power dynamics and current consumption patterns.

Dan and Steve will be, hopefully, treating me out to dinner in Seoul or China. I went to Kyobo Bookstore and argued with the cashier that the book is in stock and must be in the backroom. She was less than happy to search through boxes in the backroom, attach the SKU and enter the book into the inventory system.

The post by the China Law Blog on As China Goes, So Goes the World: How Chinese Consumers are Changing Everything can be found HERE

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SeanHayes@ipglegal.com