314 pages, seriously? ok can I get the cliff notes version?
Only if I can get paid!
314 pages, seriously? ok can I get the cliff notes version?
@WDW1974 do you have any info/insight as to why the sudden change in EMH?
I'd much rather hear about your HKDL experiences myself!
Random thought: the Chinese don't want American businesses in China unless they can own part of it and reap the benfits of being a 'partner' while the American company manages most of the company, by their various rules of course, and takes in only a portion of the money. Disney falls into this sort of deal with their theme park ownership schemes because China wants domestic ownership. Goldman Sachs owns a brokerage in China where it controls the brokerage but it isn't a fully owned subsidiary. I wonder when China will change these xenophobic rules? Likely not for a very long time.
Somewhat related post but I know there are some people here interested in international business in China. I read an interesting article this morning on the heavy banking regulations the Chinese put on foreign banks in China.
if your going to be at UNI july 9-11th let me know..
1st few ales are on me.
Coming! Gotta do it right after all, currently wasting time in a Cathay lounge waiting to head to Vietnam.
OK, I know you are Canadian so that explains the amount of vacation time ... but, dude, you must be close to a Canadian Top One Percenter with all your adventures globetrotting.
The question with China and Shanghai Disney is, is it better to own 48% of the highest attended theme park or not. I think it's well worth it. It will help their movie sales especially since China limits the number of foreign movies. This park will help Disney get all the movies they want into the China market.
Very definition of faux 1%, but I have a bright future I suppose.
You don't know the half of it (this is the start of a 10 week journey), and the 35000 miles of flights cost me 350 dollars (in business).
Believe me, with the directions that this thread has gone in, even the Cliff Notes would be the size of War & Peace. Start anywhere and use your imagination to convince yourself that you have been on it all along. You haven't really missed much of any substance.
Spririt does this make you a photodave lifestyler?
Making him buy you drinks to say something good about him?
(for those who can't take a joke, unlike the spirit - I am just kidding)
Yes, they have real 4-star service at the UNI resorts.
That is some traveling ... and one helluva deal ... and, yes, I will be hitting you up for all the details when you return. Where exactly are you headed on this odyssey?
I will admit as a young adult male, I do keep my iPhone in my back pocket...lolA quick phone aside, but what is the deal with girls from 12-29 sticking iPhones in their right back butt pocket? Who sits on their phones? Who doesn't get that this causes screens to break, even from tender young tushes?
I see it all the time and just wonder W-T-F!!!
I wouldn't call what China is doing "xenophobic" perse, but rather protectionist. If the PRC let the largest multinationals into China with no strings attached, they would decimate domestic businesses which would mean that less wealth reaped in China would stay there. It's more of a you can enter the Chinese market as long as you know that you are a guest here and that we will exert our power over what you can and cannot do. It's funny you brought up Goldman Sachs, aka Cancer, because while they may be held to high standards, the Chinese banking sector certainly is not abiding by them. It does appear that China could experience its first major recession soon thanks to their real estate bubble. Imagine if the Chinese economy is imploding on Shanghai Disneyland's opening day next fall!
Disney, and the other Hollywood majors, don't make money in China. While there is the film import quota you mentioned, the central government only lets the studios take 10-15% of the grosses. For context, studios typically get 50% of the gross here in America and it's in that ballpark in most of the world. To Disney, releasing their films in China are what Alan Horn would call Brand Deposits. Disney wants to establish its BRAND with the Chinese consumer so that they'll buy Disney branded items, send their kids to the Disney English after school program, and yes visit Shanghai Disneyland. The hope is long term that central government will be looser with its restrictions where the Studios get 30-35 percent of the gross and Disney will be able to own a larger chunk of a larger, more developed Shanghai Disneyland.
To TWDC this is all about establishing a beachhead into the country that will soon have the world's largest middle class, but the central government wants to make sure domestic industry has a fair shake.
I would not term China's actions as xenophobic, but more protectionist (and controlling) in nature. If you do business in China (I have lived and worked in Beijing, Guangzhou and Hong Kong ... and spent some time in Shenzhen for good measure), you have to understand the game board and the rules when you go in. Things are certainly different there, but it isn't necessarily bad. Just their version of corruption and ours are different flavours of the same toxic beverage. But understand this: the Chinese want to be us. The people love the USA and American entertainment and culture. When GM was going broke here, it was making billions selling Buicks over there. I often think YUM Brands would be a shell company if it wasn't for their Asian operations. It can be a crazy place, but I have never felt more welcome in another country as my Chinese brothers and sisters made me feel every time I was there. I am so looking forward to returning there in 2015.
Time for the Eighth wave. Seventh Heaven has derailed to many times.
I dont go into Apple stores because Im not a genital.
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