Latest News:  
Beijing   Overcast/Moderate rain    9 / 12 ℃  City Forecast

English>>China Business

Greek exodus a lesson for China

By Mei Xinyu (Global Times)

08:40, October 30, 2012

It has been reported recently that several large global enterprises are seeking to leave the Greek market. Coca-Cola, for instance, announced in mid-October that it will relocate its Greek headquarters to Switzerland and buy back the shares it floated in the Greek equity market.

For most of the companies now pulling out of Greece, the decision to leave was not motivated by operational difficulties within the country, but mainly by the disappointing local business environment.

While China's economy is relatively stable, local business leaders and financial authorities should still take careful notice of the capital flight happening now in Greece. Despite China's size, the country is not immune to major financial losses during times of economic turmoil. Beijing must pay special attention now to firming up investor confidence in the country as concerns about stability hit economies elsewhere in the world.

News we recommend:
"Made in China":Charming the World "Made in China":A Boon for the Masses "Made in China":A Blessing for Businesses
"Made in China":The Bitter Blessing From 'Made in China' to 'Created in China' [Special]'Made in China' Revisited
Rediscovering the Awakening Dragon:The Not-so-good Old Times   Rediscovering the Awakening Dragon:High on the Agenda Rediscovering the Awakening Dragon: The Cultural Transformation

Email|Print|Comments(Editor:厉振羽、张洪宇)

Related Reading

Leave your comment0 comments

  1. Name

  

Selections for you


  1. Aircrafts to perform in Zhuhai Air Show

  2. Weekly review of military photos

  3. Unforgettable moments in October (III)

  4. Hospitals to prevent theft of babies

  5. 50,000 gay people attended parade

  6. Exporters note the drag of US, Japanese

  7. Hottest night markets around the world

  8. Don't regard youself as useless

Most Popular

Opinions

  1. Japan should face up to wrongdoing
  2. Hillary Clinton is the dominator of U.S. foreign policy
  3. Woes leave legacy we can be thankful for
  4. Asian Americans are x factor in U.S. swing states?
  5. Understanding key to Sino-US relations
  6. Kindergarten abuse cases becoming major worry
  7. Reform required for China's economic growth
  8. External markets crucial for business success
  9. Fears that yuan rise will hit exports unfounded
  10. Tax reform crucial to stable growth

What’s happening in China

Clearing away the fog of doubt

  1. 5-year-old tumbles from 19th floor
  2. China vows more tolerance for juvenile offenders
  3. Snake eaters warned as the 'year of' approaches
  4. China to build 100 intelligent bases for the old
  5. Hospitals to prevent theft of babies