Economic, Cultural, and Political Influences of the West in China (1940-Present) By: Liam Mccorry Faculty Supervisor: Pingjun Jiang Dr

Total Page:16

File Type:pdf, Size:1020Kb

Economic, Cultural, and Political Influences of the West in China (1940-Present) By: Liam Mccorry Faculty Supervisor: Pingjun Jiang Dr La Salle University La Salle University Digital Commons HON499 projects Honors Program Spring 4-26-2017 Economic, Cultural, and Political Influences of the estW in China (1940-Present) Liam McCorry [email protected] Follow this and additional works at: https://digitalcommons.lasalle.edu/honors_projects Part of the International Business Commons, and the International Relations Commons Recommended Citation McCorry, Liam, "Economic, Cultural, and Political Influences of the estW in China (1940-Present)" (2017). HON499 projects. 30. https://digitalcommons.lasalle.edu/honors_projects/30 This Honors Project is brought to you for free and open access by the Honors Program at La Salle University Digital Commons. It has been accepted for inclusion in HON499 projects by an authorized administrator of La Salle University Digital Commons. For more information, please contact [email protected]. McCorry 1 Economic, Cultural, and Political Influences of the West in China (1940-Present) By: Liam McCorry Faculty Supervisor: Pingjun Jiang Dr. Kling McCorry 2 China has long been the focus of study for people trying to better understand economic transition as well as the evolution of Communism in a functional society. China has undergone the transition from an agricultural society to a manufacturing powerhouse in an extremely short amount of time. This Chinese Industrial Revolution took place in roughly 50 years, just a quarter of the time it took for the rest of the world to undergo the same changes. One of the major reasons for this rapid change is the investment within China from foreign firms. China had long practiced economic isolationism, not engaging in trade often with the rest of the world. For a period, they were forced into trade relations with nations such as England due to wartime losses. Following a tumultuous political climate, the Chinese Communist party rose to become the rulers of China. When Mao Zedong rose to power following this Civil War he sought to disconnect China from the global economy. Under the communist regime, the Chinese economy operated on five-year economic plans. This continued until Deng Xiaoping became the party leader and initiated economic reforms. Unlike Mao, he felt that China could benefit greatly from rejoining the global economy. This has helped to shape the Chinese economy into what you see today, there are remnants of the Chinese nationalist movement integrated into their global approach to doing business. To understand modern China and their connection to the Western world you must look at their past. In order to properly discuss the influence of the West in the affairs of the Chinese, you must break it into four time periods. These four periods are World War II and the rise of Communism, China as a plan based economy, Deng Xiaoping’s economic reform policies, and finally, in modern day China. Each section will evaluate the impact that the West had in three McCorry 3 areas: The economy, Policy, and Culture. China has long had a strained relationship with the West dating back to the age of isolationism. China lost the Opium Wars and were then forced into trade. The West took advantage of the vast resources in China and exploited the less technologically advanced society for their own gain. Missionaries came to China during this period to “save” the Chinese countrymen who were perceived as savages. These forced Western ideals and interactions left a bitter taste in the mouths of the Chinese people, leading to a movement where anything associated with the West was purged from Chinese society and culture forcefully. To further complicate the political climate of China, Japan invaded in 1937 leading to a lengthy conflict, which didn’t end until the conclusion of World War II. This invasion led to a collaboration between ruling party of China (Chinese Nationalist Party or KMT) and the Chinese Communist Party (CCP) to join forces. This was not expected as the KMT had put an end to a Communist revolt as recently as 1931. The Rise of Communism: (1940-1949) China in the 1940’s can be defined as a period of extreme change; the first revolution had happened decades prior and the KMT had been the ruling party ever since. With the invasion of China from Japan there came a need for the KMT to work alongside the Chinese Communist Party (CCP). The KMT did not have an influential presence in Western China primarily in rural areas. The CCP was able to bring these areas together, building a cohesive front. The KMT received aid from the West, primarily the United States, to try and weaken Japan over the course of World War II. When the United States formally joined the war, however, they focused on a naval assault on Japan, disregarding the invasion of China. Once George Marshall pulled the McCorry 4 United States out of the region it left the KMT with far superior technology as well as training from the West. This section will evaluate the impact this had on Chinese political development during this period. As previously stated, the KMT and the Chinese Communist party had long been political enemies, fighting for control of the country. One of the major developments in China occurred in 1940 when Mao Zedong set forth three goals that he wanted to accomplish. He wanted to present a united front with the KMT, engage in armed conflict with Japan, and to build a party within CCP occupied territories. Mao had ulterior motives with these goals, however, as the CCP was utilizing the united front with the KMT to infiltrate their ranks. (China: Tradition and Transformation, 486) This helped achieve the stated goal of armed conflict against Japan, while also setting the CCP up for the impending war with the KMT. The CCP could isolate and destroy KMT forces that stood in their way of increasing their power and influence. One of the ways in which Mao and the CCP were able to increase their presence was through party schools. These schools were designed to educate and inform the rural farmers of the ideological nature of the CCP, feeding them propaganda which would garner further support for their cause. Also in 1940, Mao released an essay titled “On New Democracy” which as stated by Fairbank and Reischauer: “Justified a united front as a temporary phase and yet reaffirmed the long-term mission of the party. For the benefit of his non-Marxist audience Mao blandly claimed to have inherited the mantle of Sun Ya-sen and the May Fourth movement, while for Marxists he implicitly put himself on the level of Marx, Engels, Lenin, Stalin as a contributor to Communist theory.” (China: Tradition and Transformation, 488) McCorry 5 The notion of Mao as a great Communist thinker was more in practice than it was in theory. The contributions from Mao were the establishment of a party, army, and a large support base in rural communities. Any of his stated theories could be attributed to those who came before him. One of Mao’s greatest tools of influence came in 1942 with a reform movement that set to correct unorthodox ideas. It relied on criticism of self and others in confined groups, admissions of guilt and repentance, and standard procedures. (China: Tradition and Transformation, 488) It was intended to stomp out liberal ideals that had infiltrated the CCP, crushing individualistic tendencies and diminish the influence of traditional morality over members of the CCP. This allowed for the CCP leaders to identify allies and eliminate potential threats to their long-term prosperity. This would prove to be essential for the Communists in the coming years as they sought to obtain full control over the political climate in China. Another outcome of this process of eliminating ideas and people that threatened the Communist party was that it helped to eliminate any of the communists that studied in Moscow. These party members removed Mao from power once and did not agree with all of his theories. Mao utilized the fact that Communist ideas were no longer a foreign concept to the Chinese people, empowering the rural farmers as the proletariat. It utilized modern technology and social organization to spread its idealism in turn, spreading the influence of communism. Mao identified that there was a need for revolution for Communism to fully take hold. This revolution would aim to give the masses a new life, which could only be achieved through total political influence and power that could change the old order. This power could only be achieved by creating a cohesive centralized party that relied upon its members submitting to absolute discipline. McCorry 6 Mao recognized that there was a need for another revolution in order for Communism to fully infiltrate Chinese culture. This was the catalyst for the Chinese Civil War which was waged from 1945-1949. The CCP was able to emerge as the victors of the civil war despite being outgunned and outmanned, forcing the KMT to retreat to what is now known as Taiwan. This conflict came at a time where the West feared any mention of the word Communism. They would vehemently fight it to halt the spread at any cost. For this reason, the KMT was given the superior technology by the United States but it was not enough. They entered the conflict with a gross overconfidence that this advantage alone would be enough to crush the Communist party forces. Mao was able to work with the People’s Liberation Army once again during this conflict. The CCP and the People’s Liberation Army utilized guerrilla tactics to compensate for their disadvantage. They built traps to halt the advance of the KMT tanks eliminating their advantage, increased their numbers as they moved East by convincing people of all backgrounds to fight for them, and finally would took control of the armaments supplied to the KMT and used them to better equip their armies.
Recommended publications
  • Made in China, Financed in Hong Kong
    China Perspectives 2007/2 | 2007 Hong Kong. Ten Years Later Made in China, financed in Hong Kong Anne-Laure Delatte et Maud Savary-Mornet Édition électronique URL : http://journals.openedition.org/chinaperspectives/1703 DOI : 10.4000/chinaperspectives.1703 ISSN : 1996-4617 Éditeur Centre d'étude français sur la Chine contemporaine Édition imprimée Date de publication : 15 avril 2007 ISSN : 2070-3449 Référence électronique Anne-Laure Delatte et Maud Savary-Mornet, « Made in China, financed in Hong Kong », China Perspectives [En ligne], 2007/2 | 2007, mis en ligne le 08 avril 2008, consulté le 28 octobre 2019. URL : http://journals.openedition.org/chinaperspectives/1703 ; DOI : 10.4000/chinaperspectives.1703 © All rights reserved Special feature s e v Made In China, Financed i a t c n i e In Hong Kong h p s c r e ANNE-LAURE DELATTE p AND MAUD SAVARY-MORNET Later, I saw the outside world, and I began to wonder how economic zones and then progressively the Pearl River it could be that the English, who were foreigners, were Delta area. In 1990, total Hong Kong investments repre - able to achieve what they had achieved over 70 or 80 sented 80% of all foreign investment in the Chinese years with the sterile rock of Hong Kong, while China had province. The Hong Kong economy experienced an accel - produced nothing to equal it in 4,000 years… We must erated transformation—instead of an Asian dragon specialis - draw inspiration from the English and transpose their ex - ing in electronics, it became a service economy (90% of ample of good government into every region of China.
    [Show full text]
  • Contemporary Chinese Diasporas Min Zhou Editor Contemporary Chinese Diasporas Editor Min Zhou University of California Los Angeles, CA USA
    Contemporary Chinese Diasporas Min Zhou Editor Contemporary Chinese Diasporas Editor Min Zhou University of California Los Angeles, CA USA ISBN 978-981-10-5594-2 ISBN 978-981-10-5595-9 (eBook) DOI 10.1007/978-981-10-5595-9 Library of Congress Control Number: 2017950830 © The Editor(s) (if applicable) and The Author(s) 2017 This work is subject to copyright. All rights are solely and exclusively licensed by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publication does not imply, even in the absence of a specific statement, that such names are exempt from the relevant protective laws and regulations and therefore free for general use. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authors or the editors give a warranty, express or implied, with respect to the material contained herein or for any errors or omissions that may have been made. The publisher remains neutral with regard to jurisdictional claims in published maps and institutional affiliations. Cover image © KTSDESIGN / Getty Images Printed on acid-free paper This Palgrave imprint is published by Springer Nature The registered company is Springer Nature Singapore Pte Ltd.
    [Show full text]
  • Shenzhen-Hong Kong Borderland
    FORUM Transformation of Shen Kong Borderlands Edited by Mary Ann O’DONNELL Jonathan BACH Denise Y. HO Hong Kong view from Ma Tso Lung. PC: Johnsl. Transformation of Shen Kong Borderlands Mary Ann O’DONNELL Jonathan BACH Denise Y. HO n August 1980, the Shenzhen Special and transform everyday life. In political Economic Zone (SEZ) was formally documents, newspaper articles, and the Iestablished, along with SEZs in Zhuhai, names of businesses, Shenzhen–Hong Kong is Shantou, and Xiamen. China’s fifth SEZ, Hainan shortened to ‘Shen Kong’ (深港), suturing the Island, was designated in 1988. Yet, in 2020, cities together as specific, yet diverse, socio- the only SEZ to receive national attention on technical formations built on complex legacies its fortieth anniversary was Shenzhen. Indeed, of colonial occupation and Cold War flare-ups, General Secretary Xi Jinping attended the checkpoints and boundaries, quasi-legal business celebration, reminding the city, the country, opportunities, and cross-border peregrinations. and the world not only of Shenzhen’s pioneering The following essays show how, set against its contributions to building Socialism with Chinese changing cultural meanings and sifting of social Characteristics, but also that the ‘construction orders, the border is continuously redeployed of the Guangdong–Hong Kong–Macau Greater and exported as a mobile imaginary while it is Bay Area is a major national development experienced as an everyday materiality. Taken strategy, and Shenzhen is an important engine together, the articles compel us to consider how for the construction of the Greater Bay Area’ (Xi borders and border protocols have been critical 2020). Against this larger background, many to Shenzhen’s success over the past four decades.
    [Show full text]
  • Analysis of the Chinese PVC Industry Is Carried Out
    Analysis of the Chinese PVC Industry Researched and written by Daisy Du and Noam David Stern Shanghai, March 2021 1 List of Contents 1. Introduction 2 2. Main Supply and Usage of PVC Resin and PVC Products in China 3 3. Use of Lead Stabilizers and the Regulatory Environment in China 8 4. Use of Problematic Phthalates Plasticizers (DEHP) and the Regulatory 10 Environment in China 5. Waste management and Recycling 12 6. Barriers for Substitution of Lead Stabilizers and Toxic Phthalates Plasticizers 16 7. Summary and Conclusions 19 8. Way Forward/Next Step 20 Appendix 1: Relevant Stakeholders 22 Appendix 2: Regulations and Standards Restricting the Use of Lead 27 Stabilizers Appendix 3: China National Standards and Industry Standards Restricting 32 the Use of Toxic Phthalates Plasticizers 1. Introduction PVC plastics that contain chemical additives such as Lead stabilizers and DEHP plasticizers have a proven harmful effect on human health and the environment. In the EU, the use of these toxic additives in PVC products has been restricted or banned and replaced by safer alternatives. Since these regulatory changes have mostly been confined to the EU and not implemented on a wider international scale, increasing the sustainability awareness and promoting the voluntary substitution of these additives in countries like China has become a top priority. With the adoption of China’s 13th Five-year Plan (2016-2020), high-end, intelligent and green production became a key policy priority to promote the overall improvement of the manufacturing industry. In the upcoming 14th Five-Year Plan (2021-2025), the Chinese government is once again stressing the importance of protecting the environment.
    [Show full text]
  • Notes to the Consolidated Financial Statements
    www.cs.ecitic.com IMPORTANT NOTICE The Board and the Supervisory Committee and the Directors, Supervisors and Senior Management warrant the truthfulness, accuracy and completeness of contents of this report and that there is no false representation, misleading statement contained herein or material omission from this report, for which they will assume joint and several liabilities. This results announcement was considered and approved at the 22th meeting of the Sixth Session of the Board. All Directors attended this meeting of the Board. No Director raised any objection to this report. The Company’s domestic and international fi nancial statements for the year were audited by PricewaterhouseCoopers Zhong Tian LLP and PricewaterhouseCoopers Hong Kong, respectively. Auditor’s reports with unqualifi ed audit opinions were issued accordingly. Mr. ZHANG Youjun, head of the Company, Mr. GE Xiaobo, the Chief Financial Offi cer, and Ms. KANG Jiang, head of the Company’s accounting department, warrant that the fi nancial statements set out in this report are true, accurate and complete. The Company’s 2017 profi t distribution plan as considered and approved by the Board is to distribute a cash dividend of RMB4.00 (tax inclusive) for every 10 shares. This proposal is subject to the approval of the general meeting of the Company. Forward looking statements, including future plans and development strategies, contained in this report do not constitute a substantive commitment to investors by the Company. Investors should be aware of investment risks. There was no appropriation of funds of the Company by controlling Shareholder(s) or its/their related parties for non-operating purposes.
    [Show full text]
  • Spare-Time Higher Education in Communist China with Emphasis
    Spare-time higher education in Communist China with emphasis on higher correspondence education by Lee Ira Bruckner A thesis submitted to the, Graduate Faculty in partial fulfillment of the requirements for the degree of DOCTOR OF EDUCATION Montana State University © Copyright by Lee Ira Bruckner (1969) Abstract: The major purpose of this investigation was to examine the development and nature of spare-time higher education in Communist China with special concentration on higher correspondence education. Translations of Chinese language articles that were published for national and local consumption were the chief sources used to reveal this understanding. Major summary findings on spare-time higher education were as follows: (1) spare-time higher education has been the most complex and diverse system of higher education in Communist China; (2) it was established as the apex of a system of education to provide college-level education for full-time workers, cadres, and peasants; (3) it was closely coordinated with productive labor so as to meet the local needs and demands; (4) it generally offered fewer and more specialized courses than full-time universities; (5) its objective was to train "a new socialist man," one who would work with both his intellect and his hands and also have the "correct" Marxist-Leninist viewpoint; (6) it was regarded as a way of extending higher education to both rural and urban areas with "greater, faster, better and more economical results;" and (7) on a longterm basis, the Communist regime viewed spare-time higher education and higher correspondence education as ways for making the transition from socialism to communism by gradually reducing and eventually eliminating the three great differences between town and country, industry and agriculture, and manual and mental labor.
    [Show full text]
  • China's 40 Years of Reform and Development: 1978–2018
    CHINA’S 40 YEARS OF REFORM AND DEVELOPMENT 1978–2018 Other titles in the China Update Book Series include: 1999 China: Twenty Years of Economic Reform 2002 China: WTO Entry and World Recession 2003 China: New Engine of World Growth 2004 China: Is Rapid Growth Sustainable? 2005 The China Boom and its Discontents 2006 China: The Turning Point in China’s Economic Development 2007 China: Linking Markets for Growth 2008 China’s Dilemma: Economic Growth, the Environment and Climate Change 2009 China’s New Place in a World of Crisis 2010 China: The Next Twenty Years of Reform and Development 2011 Rising China: Global Challenges and Opportunities 2012 Rebalancing and Sustaining Growth in China 2013 China: A New Model for Growth and Development 2014 Deepening Reform for China’s Long-Term Growth and Development 2015 China’s Domestic Transformation in a Global Context 2016 China’s New Sources of Economic Growth: Vol. 1 2017 China’s New Sources of Economic Growth: Vol. 2 The titles are available online at press.anu.edu.au/publications/series/china-update-series CHINA’S 40 YEARS OF REFORM AND DEVELOPMENT 1978–2018 Edited by Ross Garnaut, Ligang Song and Cai Fang SOCIAL SCIENCES ACADEMIC PRESS (CHINA) Published by ANU Press The Australian National University Acton ACT 2601, Australia Email: [email protected] Available to download for free at press.anu.edu.au ISBN (print): 9781760462246 ISBN (online): 9781760462253 WorldCat (print): 1042816554 WorldCat (online): 1042816575 DOI: 10.22459/CYRD.07.2018 This title is published under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International (CC BY-NC-ND 4.0).
    [Show full text]
  • Following Money: China Inc's Growing Stake on China-India Relations
    Copyright © 2020 Brookings Institution India Center No. 6, Second Floor, Dr. Jose P Rizal Marg, Chanakyapuri, New Delhi - 110021 Recommended citation: Krishnan, Ananth. “Following The money: China Inc’s growing stake in India-China relations” Brookings India Impact Series 032020-01, March 2020. Brookings Institution India Center. The Brookings Institution India Center serves as a platform for cutting-edge, independent, policy-relevant research and analysis on the opportunities and challenges facing India and the world. The Center is based in New Delhi, and registered as a company limited by shares and not for profit, under Section 25 of the Companies Act, 1956. Established in 2013, the Center is the third and newest overseas center of the Washington, D.C.-based Brookings Institution. Our work is centered on the Brookings motto of “Quality. Independence. Impact.” All content reflects the individual views of the author(s). Brookings India does not hold an institutional view on any subject. Designed by Mukesh Rawat IMPACT SERIES | MARCH 2020 FOLLOWING THE MONEY: China Inc’s growing stake in India-China relations ANANTH KRISHNAN* Visiting Fellow, Brookings India** * The author wishes to thank Bokun Yu, who contributed research from Beijing using publicly available Chinese data, including company filings, financial statements, and the Ministry of Commerce statements. The author also wishes to thank two anonymous peer reviewers for their detailed comments on the draft and would like to acknowledge Nitika Nayar, Zehra Kazmi, Rohan Laik, Sikim Chakraborty and Mukesh Rawat at Brookings India for editorial and design assistance. ** Ananth Krishnan was a Visiting Fellow at Brookings India, from September 2018 to August 2019.
    [Show full text]
  • China and India, 2025: a Comparative Assessment
    CHILDREN AND FAMILIES The RAND Corporation is a nonprofit institution that EDUCATION AND THE ARTS helps improve policy and decisionmaking through ENERGY AND ENVIRONMENT research and analysis. HEALTH AND HEALTH CARE This electronic document was made available from INFRASTRUCTURE AND www.rand.org as a public service of the RAND TRANSPORTATION Corporation. INTERNATIONAL AFFAIRS LAW AND BUSINESS NATIONAL SECURITY Skip all front matter: Jump to Page 16 POPULATION AND AGING PUBLIC SAFETY SCIENCE AND TECHNOLOGY TERRORISM AND HOMELAND SECURITY Support RAND Purchase this document Browse Reports & Bookstore Make a charitable contribution For More Information Visit RAND at www.rand.org Explore the RAND National Defense Research Institute View document details Limited Electronic Distribution Rights This document and trademark(s) contained herein are protected by law as indicated in a notice appearing later in this work. This electronic representation of RAND intellectual property is provided for non-commercial use only. Unauthorized posting of RAND electronic documents to a non-RAND website is prohibited. RAND electronic documents are protected under copyright law. Permission is required from RAND to reproduce, or reuse in another form, any of our research documents for commercial use. For information on reprint and linking permissions, please see RAND Permissions. This product is part of the RAND Corporation monograph series. RAND monographs present major research findings that address the challenges facing the public and private sectors. All RAND mono- graphs undergo rigorous peer review to ensure high standards for research quality and objectivity. China and India, 2025 A Comparative Assessment Charles Wolf, Jr., Siddhartha Dalal, Julie DaVanzo, Eric V.
    [Show full text]
  • China's Currency
    China’s Currency: An Analysis of the Economic Issues Wayne M. Morrison Specialist in Asian Trade and Finance Marc Labonte Specialist in Macroeconomic Policy August 3, 2011 Congressional Research Service 7-5700 www.crs.gov RS21625 CRS Report for Congress Prepared for Members and Committees of Congress China’s Currency: An Analysis of the Economic Issues Summary China’s policy of intervening in currency markets to limit or halt the appreciation of its currency, the renminbi (RMB), against the U.S. dollar and other currencies has become an issue of concern for many in Congress. Critics charge that China’s currency policy is intended to make its exports significantly cheaper, and its imports more expensive, than would if the RMB were a freely traded currency. They contend that the RMB is significantly undervalued against the dollar and that this has been a major contributor to the large annual U.S. trade deficits with China and the loss of U.S. jobs in recent years. Some Members have urged the Obama Administration take a more aggressive stand against China over its currency policy, such as by designating it as a “currency manipulator” under U.S. trade law. Others have introduced legislation that would seek to counter the perceived effects of China’s currency policy on the U.S. economy. For example, in the 112th Congress, H.R. 639, S. 328, and S. 1130 would make certain exchange rate policies an actionable subsidy under U.S. countervailing duty cases. From July 2005 to July 2008, China’s central bank allowed the RMB to appreciate against the dollar by about 21%.
    [Show full text]
  • Is the Chinese Currency, the Renminbi, Dangerously Undervalued and a Threat to the Global Economy?
    A SYMPOSIUM OF VIEWS Is the Chinese currency, the renminbi, dangerously undervalued and a threat to the global economy? Over thirty important experts offer their views. Background: Chinese companies themselves—with their virtually zero marginal labor cost work force— lack global reach. But are foreign companies now investing heavily in China as a manufacturing base setting the stage for ever-increasing global deflationary pressures? Areas such as the Pearl River delta are now attracting $1 billion per month in foreign investment. In theory, such a shock to the system should produce offsetting adjustments from the global central banking community. But have the central bankers responded adequately? How, if at all, should the G7 policy community THE MAGAZINE OF address the Chinese currency issue? To what extent do INTERNATIONAL ECONOMIC POLICY escalating foreign investments in China set the stage 888 16th Street, N.W. Suite 740 eventually for a potential destabilizing of the entire world Washington, D.C. 20006 Phone: 202-861-0791 trading system? Or are all of these concerns essentially Fax: 202-861-0790 unwarranted? www.international-economy.com [email protected] SPRING 2003 THE INTERNATIONAL ECONOMY 25 Yes, and the Yes, for both nightmare is coming. domestic and international reasons. BARTON M. BIGGS C. FRED BERGSTEN Managing Director and Chief Global Strategist, Director, Institute for International Economics, Morgan Stanley and former Assistant Secretary of the Treasury for International Affairs here is no doubt that the huge, mindless inflow of investment money into China is increasing global hina should float the renminbi, and permit it to ap- Tdeflationary pressure on manufactured goods.
    [Show full text]
  • CITIC Group 006 Chairman's Message 008 President's Message
    1 003 Introduction to CITIC Construction 005 CITIC Group 006 Chairman's Message 008 President's Message 10/17 Corporate Ethic 012 Operational Strategy 012 Operational Philosophy 012 Business Model 012 Rankings of CITIC Construction 014 Qualification Certificates and Research Institute 016 Global Market 18/99 Business Overview 020 Civil Buildings 044 Infrastructure 062 Industrial Facilities 082 Agricultural Development 084 Mining Industry 088 Featured Projects 104/119 Corporate Social Responsibility 120/135 Corporate Governance 122 Organizational Structure 124 Management Team 2 1 CITIC Construction Co., Ltd. (the Company), initiation, financing, construction and Uzbekistan, UK, Venezuela and a number of a subsidiary of CITIC Group, is a leading operation, all of which can help the clients to other overseas markets. company among the Engineering News- expand upstream and downstream industries Record (ENR) Top 250 International to develop complete value chains. As a vice-chairman member of both China Contractors. International Contractors Association Besides its traditional business in (CHINCA) and China Chamber of Commerce The Company has, for decades, defined engineering sector, the Company also, for Import and Export of Machinery and its operation strategy as "Wining over by taking advantages of CITIC Group's Electronic Products (CCCME), CITIC engineering contractorship by prioritizing diversified business and integrating all these Construction has been certified with Class-A+ investment, financing and pre-service and resources, expands its service portfolio and qualification for the general contracting injecting impetus to industrial development offers a whole range of value-added services of housing construction as well as the with the contractorship". With determination to maximize clients' interests.
    [Show full text]