Accessible Credit Risk Tools for Chinese Executives

T3P LIMITED is pleased to advise that the Chinese language (Mandarin Simplified Characters) version of Global Credit Management - an Executive Summary is available.

The Authors are grateful to have had this opportunity to make such key information accessible to Mandarin literate executives and students. The original English text was adapted prior to translation in order to ensure it would be understood in the reader’s context.

This book is ideal for Chinese business executives of all types; Chief Executives (CEOs), Chief Financial Officers (CFOs), Treasurers, Credit Managers, Entrepreneurs starting or running their own businesses, and students of business practice preparing to face the tough challenges of business management.

It has been designed to provide the essential basic information needed to understand payment risk management in a domestic and international setting, with the addition of a practical tool kit covering the essential aspects.

Above all it is easy to read, Dr Jing Zhang commented; "I have enjoyed greatly reading this book as it has presented this complex subject in a very light and lively manner. The authors have summarised the entire world of credit management within an effective length, focusing on the practitioners’ perspective."

Professor Yang commented; "I believe this book should be extremely useful and helpful for Chinese firms and managers to learn about international practices and standards in credit management and improve their competitiveness."

The Hong Kong based magazine Asset Publishing & Research Ltd reported on October 28; “Taiwan and China are the markets that are the least 'credit-friendly' in the region with less than 40% of respondents conducting business-to-business (B2B) sales over credit, a new survey shows.” The result of this research strongly supports the notion that the practical skills and knowledge imparted in this book are urgently needed in China. (http://www.theasset.com.hk)

Click here to read the introductory pages, which have been translated into English to enable you to judge the book's value for yourself; the original Chinese text is also included.

The book (ISBN: 978-988-99586-1-9) consists of 250 pages; unfortunately the Paperback version is out of print so only a PDF electronic format is available. To purchase the electronic version (an eBook) click here.

BarrettWells

China: Perception versus Reality....

Western business leaders, who are devoid of ideas, continue to rationalise their inability to capitalise on the opportunities that abound despite the so-called crises. I am wary of reading Western slanted commentaries designed to ‘prove’ that China’s relentless march forward is bound to falter, so it was refreshing to read an article titled ‘China’s new Corporate Champions’ written by Joel Backaler, see: http://www.bbc.co.uk/news/business-16206489 for the full text, courtesy of BBC.com.

Here is a brief extract, quote:

The global economic downturn presented these Chinese companies with a unique opportunity to capture market share as global consumers increasingly prioritised value for money. Western multinationals have limited time to adapt their strategies and regain their momentum before these new competitors can further consolidate their presence in key markets.

Chinese companies are perceived by some as opportunistic firms with a "land-grab" mentality that lacks well thought-out long-term strategy. Western executives often cite the large scale investments by Chinese companies in Africa's resources sector as an example of this type of behaviour.

These same executives also argue that Chinese companies' fast growth will likely not be sustainable in the longer term due to their short-sighted business practices. In reality though, there is another side to the story in which Chinese companies have been developing local innovations that are suited for their home country but can also be adapted for overseas markets to boost on-going growth.

End Quote

Western business leaders rationalise their inaction in respect of China and Asia generally by clutching on any piece of bad news and blowing it out of proportion; holding crises meetings to focus on the negatives while ignoring their responsibility to identify and capture the opportunities by changing their business models to acknowledge that they are no longer effective.

The abovementioned article appeared alongside an article titled ‘China: A bigger lender than the World Bank’, which charts China’s advances into the resource rich emerging countries; going where ‘Angels (Western banks and businesses) fear to tread’.

BarrettWells

China: A Review of Developments in Credit Management

Ron Wells recently gave a presentation titled China: A Review of Developments in Credit Management. To view this presentation go to http://www.ccrinteractive.com/ and register. Registration is free and only takes a couple of minutes.

After you register you will find yourself on the opening page of the website, with a video of a politician making one of the conference opening speeches starting to play. Below that video window you will see several buttons. Click on the INTERNATIONAL button and a menu of videos will appear, one of which is this presentation, click on that item and the presentation will begin. It runs for 25 minutes....

Editor