Business
1995: Helping implement Mongolia’s Poverty Alleviation Program
Growth picked up to 6.4% in 1995, but it was a short-lived acceleration—it would be another eight years before Mongolia reached that level of growth again. The World Bank/IDA’s first ever Country Assistance Strategy (CAS) for Mongolia noted that, as painful as the first half of the 1990s had been for Mongolia, it was not as bad as in the countries of the former Soviet Union. Only the Baltic countries had growth resume by 1994. The CAS attributed Mongolia’s turnaround to five factors: strong monetary, fiscal and exchange rate policies to achieve macroeconomic stabilization; an early privatization program which opened the door for a private sector supply response; prompt and continued assistance of the international community; political stability and progress on institutional reforms, including the adoption of several new laws to support the new market-oriented economy; and government commitment: “When controversial decisions need to be taken, reform-oriented views have prevailed within the Cabinet and Parliament. The Government, and society at large, are aware that a return to the past is impossible and emphasize that a market-oriented economy based on democratic principles is central to their development philosophy.”
Business
China Focuses on Finance and Energy Industries in Anti-Corruption Initiative – Thailand Business News
China’s anti-corruption conference emphasized intensified efforts in finance and energy sectors, aiming for comprehensive measures and accountability to restore public trust and foster a more equitable business environment.
China’s Anti-Corruption Initiative
China recently concluded a three-day anti-corruption conference, emphasizing its commitment to combat corruption across various sectors. The government underscored the importance of implementing comprehensive measures and ensuring accountability to safeguard integrity. This initiative addresses ongoing concerns regarding the detrimental effects of corruption on governance and public trust, aiming to promote transparency throughout the nation.
Targeting Key Sectors
In particular, China is intensifying its anti-corruption efforts within the finance and energy sectors, aligning with President Xi Jinping’s initiative for enhanced integrity. By concentrating on these areas, the government seeks to eliminate corrupt practices that threaten economic stability and undermine public confidence. Increased scrutiny in the financial sector has led to tougher regulations and high-profile dismissals of corrupt officials.
Commitment to Reform
China’s firm stance against corruption represents its dedication to fostering a fair business environment. As reforms unfold in critical sectors, the government aims to stimulate sustainable growth and restore public trust in its institutions. This approach marks a significant shift toward accountability in one of the world’s largest economies.
Source : China Targets Finance and Energy Sectors in Anti-Corruption Campaign – Thailand Business News
Business
Exploring New Ventures and Opportunities in Shanghai at NEPCON China 2025
NEPCON China 2025, held April 22-24 in Shanghai, is the premier B2B electronics assembly event, featuring exhibitions, conferences, and innovative technologies in emerging fields like AI and robotics.
NEPCON China 2025: A Premier Electronics Assembly Event
NEPCON China is the most significant B2B event in the electronics assembly sector, scheduled for April 22-24, 2025, at the Shanghai World Expo Exhibition & Convention Center. This leading event unites top industry brands and innovative companies, focusing on advanced IC packaging while integrating essential new resources within key technology areas.
The event features various interactive sessions such as conferences, competitions, and award programs, creating an exceptional platform for business networking. Attendees will gain insights into emerging fields like AI and robotics, with more than 500 exhibitors showcasing cutting-edge technologies, including SMT, testing equipment, and smart factory solutions.
Highlighting industry-specific zones and the NEPCON ∞ SPACE smart car disassembly area, NEPCON China 2025 promises to deliver the latest advancements while facilitating exclusive matchmaking opportunities with international buyers. For more information, visit www.nepconchina.com.
Source : New Business, New Opportunities in Shanghai at NEPCON China 2025
Business
Party City Sent Employees to China for Supplier Meetings Right Before Bankruptcy: ‘You Left Us High and Dry’ | CNN Business
Party City’s product development team abruptly cut their China trip short due to financial instability, leading to bankruptcy and layoffs, leaving employees feeling blindsided and betrayed by management’s lack of communication.
Party City’s Sudden Trip Cancellation
On December 4, 2024, Party City’s product development team found themselves abruptly told to end their trip to China after just two days. Initially intended for twelve days, this visit was crucial for meeting suppliers of party supplies. However, internal communications revealed urgent issues at home, with management urging employees to return due to unpaid vendors and looming bankruptcy threats.
Unfolding Chaos and Confusion
Team members were left in disbelief, demanding clarity that never came. Stranded in a foreign country without support, they struggled to secure their return flights. Employees voiced concerns about safety amidst unresolved debts to suppliers, expressing dismay at being sent on such a risky endeavor without proper guidance.
A Troubling Outcome
Days after their return, the company announced it was filing for bankruptcy and liquidating, leaving employees blindsided. Many staff members now face layoffs and legal battles stemming from the process, articulating feelings of betrayal as they remember promises of a stable future made by their leaders.
- China Focuses on Finance and Energy Industries in Anti-Corruption Initiative – Thailand Business News
- Exploring New Ventures and Opportunities in Shanghai at NEPCON China 2025
- 23 Provisions That Can Be Easily Included in a Company’s Articles of Association: Part I
- Five things at the top of China’s agenda for 2025
- Can China Steer the Global Energy Transition?
- Party City Sent Employees to China for Supplier Meetings Right Before Bankruptcy: ‘You Left Us High and Dry’ | CNN Business
