Page 298 - 2017 White Paper
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7 White Paper on the Business Environment in China
billion yuan, which could contribute around 1 per cent of Works Cited
national gross domestic product by 2020, compared to
0.7 per cent in 2015 (Yan 2016). Arredy, James T., and Fanfan Wong. 2014. “Chinese Hotels Drop
Stars to Score Political Points.” The Wall Street Journal. Accessed
Upgrading the Entertainment Industry February 1, 2014. http://blogs.wsj.com/chinarealtime/2014/01/23/
chinese-hotels-drop-stars-to-score-political-points/.
China will give support to the modernization of its
entertainment industry, according to a guideline issued Baertlein, Lisa, and Adam Jourdan. 2013. “Diners say not biting on
by the Ministry of Culture, Xinhua reports. The ministry KFC’s China revival campaign.” Reuters. Accessed February 1, 2014.
listed several proposals to expand the country’s range http://www.reuters.com/article/2013/12/04/us-yum-china-safety-
of recreational activities. The entertainment industry idUSBRE9B30HX20131204.
should adhere to the principles of socialist core values
and embody the spirit of Chinese culture, avoiding vulgar Baertlein, Lisa. 2008. “Yum can reach 15-20 profit growth in China:
content, the circular said. The industry should consider CFO.” Reuters. Accessed December 23, 2008. http://www.reuters.com/
integrative development and be innovation driven, article/businessNews/idUSTRE4B96VW20081210?rpc=77.
providing advanced services and products. According to
the National Bureau of Statistics, China’s entertainment Beebe, Alan. 2007. Winning in China’s Mass Markets. IBM with the
industry generated 3.62 trillion yuan (US$544 billion) Economist Intelligence Unit.
in the first half of 2016, up 7.9 percent year on year (Mu
2016). Bloomberg Businessweek. 2012. “Tesco Stumbles With Wal-Mart as
China Shoppers Buy Local.” Accessed January 31, 2014. http://www.
bloomberg.com/news/2012-10-18/tesco-stumbles-with-wal-mart-as-
china-shoppers-buy-local.html.
Burkitt, Laurie. 2012.“KFC Owner Hits Snag in China.”The Wall Street
Journal. Accessed December 5, 2012. http://online.wsj.com/article/SB
10001424127887323401904578154543575535784.html.
Cassin, Richard L. 2013. “Wal-Mart’s whopping FCPA tab - $300
million and climbing.” The FCPA Blog. Accessed February 3, 2014.
http://www.fcpablog.com/blog/2013/8/16/wal-marts-whopping-
fcpa-tab-300-million-and-climbing.html.
China Daily. 2008. “Lodgings, catering retail sales drop amid
financial crisis.” Accessed December 21, 2008. http://chinadaily.com.
cn/bizchina/2008-12/20/content_7325055.htm.
China Daily. 2011a. “Hotel industry experiences building boom.”
Accessed November 24, 2011. http://www.chinadaily.com.cn/m/
hebei/travel/2011-05/30/content_12607655.htm.
China Daily. 2011b. “Yum Brands profit rises on China growth.”
Accessed November 23, 2011. http://www.chinadaily.com.cn/usa/
us/2011-04/21/content_12370771.htm.
China Hospitality News. 2007. “CNTA Releases China Hospitality
Industry Development Report.” Accessed January 15, 2010. http://
www.chinahospitalitynews.com/en/2007/05/15/3654-cnta-releases-
china-hospitality-industry-development-report/.
298
billion yuan, which could contribute around 1 per cent of Works Cited
national gross domestic product by 2020, compared to
0.7 per cent in 2015 (Yan 2016). Arredy, James T., and Fanfan Wong. 2014. “Chinese Hotels Drop
Stars to Score Political Points.” The Wall Street Journal. Accessed
Upgrading the Entertainment Industry February 1, 2014. http://blogs.wsj.com/chinarealtime/2014/01/23/
chinese-hotels-drop-stars-to-score-political-points/.
China will give support to the modernization of its
entertainment industry, according to a guideline issued Baertlein, Lisa, and Adam Jourdan. 2013. “Diners say not biting on
by the Ministry of Culture, Xinhua reports. The ministry KFC’s China revival campaign.” Reuters. Accessed February 1, 2014.
listed several proposals to expand the country’s range http://www.reuters.com/article/2013/12/04/us-yum-china-safety-
of recreational activities. The entertainment industry idUSBRE9B30HX20131204.
should adhere to the principles of socialist core values
and embody the spirit of Chinese culture, avoiding vulgar Baertlein, Lisa. 2008. “Yum can reach 15-20 profit growth in China:
content, the circular said. The industry should consider CFO.” Reuters. Accessed December 23, 2008. http://www.reuters.com/
integrative development and be innovation driven, article/businessNews/idUSTRE4B96VW20081210?rpc=77.
providing advanced services and products. According to
the National Bureau of Statistics, China’s entertainment Beebe, Alan. 2007. Winning in China’s Mass Markets. IBM with the
industry generated 3.62 trillion yuan (US$544 billion) Economist Intelligence Unit.
in the first half of 2016, up 7.9 percent year on year (Mu
2016). Bloomberg Businessweek. 2012. “Tesco Stumbles With Wal-Mart as
China Shoppers Buy Local.” Accessed January 31, 2014. http://www.
bloomberg.com/news/2012-10-18/tesco-stumbles-with-wal-mart-as-
china-shoppers-buy-local.html.
Burkitt, Laurie. 2012.“KFC Owner Hits Snag in China.”The Wall Street
Journal. Accessed December 5, 2012. http://online.wsj.com/article/SB
10001424127887323401904578154543575535784.html.
Cassin, Richard L. 2013. “Wal-Mart’s whopping FCPA tab - $300
million and climbing.” The FCPA Blog. Accessed February 3, 2014.
http://www.fcpablog.com/blog/2013/8/16/wal-marts-whopping-
fcpa-tab-300-million-and-climbing.html.
China Daily. 2008. “Lodgings, catering retail sales drop amid
financial crisis.” Accessed December 21, 2008. http://chinadaily.com.
cn/bizchina/2008-12/20/content_7325055.htm.
China Daily. 2011a. “Hotel industry experiences building boom.”
Accessed November 24, 2011. http://www.chinadaily.com.cn/m/
hebei/travel/2011-05/30/content_12607655.htm.
China Daily. 2011b. “Yum Brands profit rises on China growth.”
Accessed November 23, 2011. http://www.chinadaily.com.cn/usa/
us/2011-04/21/content_12370771.htm.
China Hospitality News. 2007. “CNTA Releases China Hospitality
Industry Development Report.” Accessed January 15, 2010. http://
www.chinahospitalitynews.com/en/2007/05/15/3654-cnta-releases-
china-hospitality-industry-development-report/.
298
