Exit Strategy?

WHEN Deng Xiaoping began opening China up to free-market economics and foreign trade in the 1980s, foreign companies were quick to take advantage of the opportunities that the PRC offered. The establishment of Special Economic Zones, beginning with Shenzhen in 1980, was the first of several incentives to demonstrate that China was now open for business. It all boded well for the future.

In many ways, much of that promise has been realized. From 2000-2010, around 20 percent of all foreign direct investment (FDI) was in China, accounting for roughly 2.5 percent of the country's GDP from 2005-2010. During the same period, foreign-invested enterprises were responsible for more than half of PRC imports and exports. As of 2010, they provided a third of China's industrial output and over a fifth of its industrial profits while employing just 10 percent of its workforce –– a demonstration of their high productivity.

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Monte Carlo or Bust

Few cities can rival Monte Carlo when it comes to glitz and glamour. With its casinos, grand hotels and luxury yachts, Monte Carlo is the epitome of opulence and, some might say, excess. Monaco's main district has long been considered a playground for the rich and famous. Monte Carlo is home to more millionaires and billionaires per capita than anywhere else. It also has the world's priciest real estate, with four-room apartments overlooking Port Hercules going for over 60 million euros.

Monte Carlo was named after Prince Charles (Carlo) III of Monaco, a scion of the Grimaldi family whose preeminence in the area dates from the late 12th century. The Grimaldis were wealthy Genoese who spoke a dialect similar to Monegasque, which is still used by about 15 percent of Monaco's citizens. 

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Analyze This
Tony: Well, Barry, I found your report on Yangfan informative and well organized.
Barry: I'm glad to hear that. Shall we recap the main points?
Tony: That's exactly what I had in mind. Skimming the overview you provide in the introduction, I note that you say Yangfan is one of the oldest suppliers in the region.
Barry:

That's right. It's been in operation in Qingdao since 1991. As specified, I toured their two facilities and discussed the possibility of cooperation with the general manager.

Tony: You also got to check out the production line and chat with the floor managers and quality control, right?
Barry: I sure did, and they were very positive in their assessment of their ability to meet our requirements.
   
用英語討論出差報告
東尼:

嗯,貝瑞,我發現你對於揚帆工業的報告資訊豐富且結構完整。

貝瑞: 很高興你這樣說。我們要不要重述一下要點?
東尼:

那正是我所想的。撇除你在前言部分提供的概要,我注意到你說揚帆工業是該地區歷史最悠久的供應商之一。

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A Brief History of Taiwanese Clothing

Unsurprisingly for a nation that has been influenced by a variety of cultures, Taiwan has seen a range of clothing styles during different periods of its history.

To the untrained eye, the traditional costumes of the island's aborigines may seem of a piece and, in a way, they are. The weaving process was almost identical throughout the tribes. A squared-cloth system of weaving, involving a horizontal loom with a strap, was used to produce individual pieces, which were then sewn together to create beautiful patchworks. However, colors, patterns and decorations (including shells and beads) varied considerably from tribe to tribe. The Atayal, for example, whose women are expert weavers, favored red as it was said to be in tune with nature and ward off evil. The Paiwan, whose clothing is perhaps the most eye-catching, preferred dark blues and black with intricate patterns and ostentatious adornments.

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Kuala Lumpur — Malaysia's Diverse and Ambitious Capital

By any stretch of the imagination, Kuala Lumpur is a major world city. The Malaysian capital is one of the most visited destinations, with 9.2 million people bringing in an estimated US$7.8 billion in 2013.

Kuala Lumpur is far from the country's oldest city, having been a relatively insignificant tin-mining town just 150 years ago. It wasn't until 1972 that city status was conferred on KL, as it is known to locals. Two years later, the city was devolved from Selangor Province and declared a Federal Territory. This was partly in response to the call for increased economic opportunity following the race riots of 1969, which targeted ethnic Chinese.

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Internal Affairs
A: So, what's the deal with the internal audit the company has just conducted?1 I've heard all is not well.
B: Well, the board isn't completely happy with the numbers. In fact, they think the report contains some glaring material inconsistencies.
A: Is that another way of saying material misstatements?
B: Not exactly. The main figures in the report appeared to be OK, but they clashed with other data in some of the supporting documents.
A: I see. Where do we go from here? Are they going to have an external audit done?
B: Right. That's what I've heard on the grapevine. We need to ensure the validity and reliability of the numbers.
   
內部審計應用會話
A:

那麼,公司剛進行的內部審計情況如 何了?我聽說不太妙。

B: 嗯,委員會對數字不大開心。事實 上,他們認為報告裡有一些資料很明 顯前後矛盾。
A: 那是資料謊報的另一種說法嗎?
B: 不盡然。報告內的主要數字看來還可 以,但與一些附加文件內的其他資料 有衝突。
A: 我了解。我們怎麼談到這的?他們要 進行外部審計嗎?
B: 沒錯。那就是我聽來的消息。我們須 確保數字的效度及信度。

資料來源:biz互動英語報


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Taiwan's Big Trade-off?

Despite the signing of the ECFA pact in 2010, disquiet over the implications of cross-strait trade liberalization has continued to simmer. Tensions only grew with the inking of the cross-strait agreement on trade in services, which extends the scope of investment areas on both sides of the Taiwan Strait. The issue is close to boiling point with the bill stalled in the Legislature and political infighting threatening to scupper the deal.

Most recently, the flap over the attempted removal of Wang Jin-pyng of the ruling Kuomintang from his post as legislative speaker is said to have caused unease in Bejing. There have even been reports of PRC officials contacting Wang in private to gauge the state of play. However, the real cause is the opposition Democratic Progressive Party's refusal to accept the deal without a clauseby- clause review. As ever in the arena of Taiwanese politics, the motives for this stance are questionable, with some analysts insisting that the Greens are just engaging in political grandstanding. DPP chairman Su Tseng-chang's withdrawal from a televised debate in mid-September elicited further sneers of cynicism from KMT lawmakers, who said it showed the opposition didn't have a leg to stand on.

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Critiquing the Lean Machine

If you've not heard about Facebook COO Sheryl Sandberg and her effortsto revolutionize the way women tackle gender inequality, then you need to start “leaning in” as her book advises.

Having outlined her ideas on how women unwittingly hold themselves back in an earlier TED talk, Sandberg presented a fully fledged manifesto with “Lean In.” Women, she contends, are habitually bad at asserting themselves, and this is manifested in their voices, body language and fear of speaking out. However, critics have argued that Sandberg is making women the scapegoat for what should be viewed as an institutional problem. 

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