Mind the Gaps: Singapore Business in China

Index

Index 93© 2005 Institute of Southeast Asian Studies, Singapore Index academics views on Singapore managers, 50 art of networking, 48–50 Asian financial crisis, 4 Ascendas subsidiary of Jurong Town Corporation (JTC), 25 Association of Small and Medium Enterprises, 27 behaviour patterns contrasting, 40–50 Beilun, port of, 22 biomedical technologies Zhejiang, in, 19 boron Liaoning, presence in, 11 Building and Construction Authority (BCA), 25, 26 building trust Chinese way, 72 bureaucrats role, 71 business rules informal, 50 business networks informal, 57 business principles inadequate, 76 business values westernized, 28 cash rebates, 49 chaebol system, 59 chemical fibres, 19 China business environment, readjustment of, 30 competition with other parts of Asia, 1 entry costs, 68 exports, 7 foreign direct investment, see foreign direct investment, 4 government organization, 45 importance to Singapore’s trade, 8 leisure rituals, 43, 44 manufacturing base, 1 manufacturing industry, see manufacturing industry real estate industry, see real estate industry regulatory framework, 70 total foreign direct investment, 4 top export destination, 8 China Airlines, 22, 23 China Council for the Promotion of International Trade (CCPIT), 27 Reproduced from Mind the Gaps: Singapore Business in China, by Sree Kumar, Sharon Siddique and Yuwa Hedrick-Wong (Singapore: Institute of Southeast Asian Studies, 2005). This version was obtained electronically direct from the publisher on condition that copyright is not infringed. No part of this publication may be reproduced without the prior permission of the Institute of Southeast Asian Studies. Individual articles are available at 94 Index© 2005 Institute of Southeast Asian Studies, Singapore China–Singapore bilateral trade annual figures, 9 growth, 8 performance, 10 China–Singapore Trade Structure, 8–10 Chinese companies approach to management, 46, 64 Chinese culture difference from Singapore’s, 32 Chinese employees lacking in financial knowledge, 69 Chinese operating environment disorderly competition, 42 Chinese organizational structure egalitarian veneer, 44 Chinese Singaporeans, see also Singaporeans, perception, 34 Chinese law, see also Chinese legal system immature, 42 Chinese legal system evolution, 43 Chinese management style, 61 commissions, 49 communist model influence, 67 Communist Party legacy, 71 commuter executives, 29 disadvantages, 58 companies Chinese, see Chinese companies Singapore, see Singapore companies contract law ineffectiveness in China, 66 corporate governance fundamental difference in China, 63, 64 construction materials light, see light construction materials cost advantage, 87 cost controls problem of Singapore businesses, 55, 63 cross-border investment model, 84–87 crude oil Liaoning, presence in, 11 cultural advantage, 87 cultural differences, 41 cultural nuances China, 66 Cultural Revolution, 2 cultural superiority complex, 61 culture Chinese, see Chinese culture Singapore, see Singapore culture Dalian investment location, as, 15 major fashion centre, 13 date of entry Chinese business arena, 34 diamonds Liaoning, presence in, 11 diplomatic relations, 2 doing business long-term profits, 68–70 Economic Development Board (EDB), 3 economic growth, 1 employees Chinese, see Chinese employees English language use by Singapore businesses, 62 exports China’s top export destinations, 7 Singapore’s top export destination, 8 fashion centre Dalian, 13 Index 95© 2005 Institute of Southeast Asian Studies, Singapore financial knowledge lacking in Chinese employees, 69 Five Year Plan tenth, 22 Flextronic, 26 foodstuff production, 19 foreign direct investment (FDI) inflow, 6 Liaoning, in, 15 regional distribution, 6 rate of growth, 4 foreigner advantages of being one, 37 foreigness liability, when considered, 37 relative degree, 34–36 foreign invested enterprises (FIEs) Lioaning, in, 13 foreign investment Liaoning, in, 15 Fujian, 10 garment manufacturing, 19 General Electric, 15 gift-giving concept guanxi, 48–50 government-linked companies (GLCs) benefits from government-business linkages, 54 investments by, 2 taking the lead, 27 gross domestic product (GDP), 1 Zhejiang, 17 Guangdong Province, 5 Guangzhou, 10 guanxi, 48–50 Haimen, 22 Hangzhou, 17, 22 Hewlett Packard, 26 hierarchical management, 45 Hitachi, 26 Hong Kong investment in Zhejiang, 20 success in China, 38 Housing & Development Board (HDB) model for housing construction, 2, 3 Huzhou, 17 hydropower research, 19 Hyundai, 15 information technology company case study on operating in China, 88, 89 information technology industry Zhejiang, in, 19 intellectual property protection, 48, 73 internal resources conditions, 84 intermediators use of, 39 International Enterprise (IE) Singapore, 3, 24 International Venture Park, 26 interviewees companies, ownership of, 83 industry coverage, 82 occupation, 82 nationality, 82 time of entry into China, 83 investment decision triangle, 84, 85 investments breakdown according to industry, 3 China, in, 2 Singapore, from, 2 iron ore Liaoning, presence in, 11 jade Liaoning, presence in, 11 96 Index© 2005 Institute of Southeast Asian...