China vows to help WTO on piracy

China has promised to co-operate in the global fight against counterfeit goods, in response to a highly critical ruling from the World Trade Organization.
The commerce ministry said it would "continue to promote international exchanges" on intellectual property rights, but gave no firm details.
In a US-backed case, the WTO ruled on Monday that Beijing ignored piracy of DVDs and its customs policies were lax.
US companies say Chinese piracy costs them billions of dollars every year.
In its ruling, the WTO largely supported the US claims against China and found Beijing had breached trade rules.
The WTO was particularly critical of Chinese customs for allowing seized goods to be reintroduced into the market.
And it said Beijing had turned a blind eye to piracy of DVDs and CDs.
The US has repeatedly accused China being a safe haven for product piracy, and some analysts believe the WTO decision takes Washington a step closer to seeking compensation for lost sales revenues caused by counterfeiting.
Europe has also had run-ins with Beijing on the issue.
Last year, the European Commission estimated that 60% of all counterfeit goods coming into Europe had originated in China.

Podcast.

BizDaily: Japanese lessons 27 Dec 09
Can we learn a lesson from Japan's miserable 90s? That period only ended when the failing banks actually admitted how big the damage was. Should the rest of the world now follow suit? Plus the basic banking questions you want answered.

Investors put stock in feng shui

According to the Chinese Lunar calender, they year of Ox begins on 26 January. There is a report reckons that former US treasury secretary will become the boss of citigroup, while iceland will challenge the phillippine and indian dominance of the call centre industry as it rebuilds its crisis-ravaged economy.
The predictions are made in a tongue-in-check that ''Feng Shui Index'' report from Hong Kong incestment firm CLSA.
Many investors and business people in Asia put great stock in advice from feng shui masters.

As a Hong Kong people, I think we really beleive on Feng Shui very much, for example when you choose you office, you house etc...they will also care about Feng Shui, they need to make sure that it is really a good place and siutable for the people who live or work in that place. So i think Feng Shui is a good investment for the incestors and business people.

http://news.bbc.co.uk/2/hi/business/7842164.stm

New Business Idea

Use leather or fabrics to make pen wallets and pencil cases. Sell the wallets and cases empty. Or buy pens and pencils at trade prices and add them to the wallets and cases respectively to make the finished products.

I think this maybe a good business idea, because it sell the two things together. First it will lower the selling price, it's a good thing for the customers. And also when the seller sell the wallets or cases, the customers may also buy the pens and pencils because they are selling them on the trade prices. Leather and fabrics is the most common materials that people made for wallets, everyone need one, so maybe this will be a new business idea.

How to keep generation y motivated?

Generation Y,were born between 1977 and 1994, it makes up over 20% of today’s population and they are rapidly becoming a hot commodity in the work force.Organizations of all sizes are scrambling to learn how to attract these dynamic individuals.Gen Y may bring to the table a diverse knowledge and an interesting perspective that can really make the company shine.

The studies say that there are top five for Gen Y:
1.They are looking for work/life balance
2.They want to be heard and valued
3.They need regular recognition
4.They want to work somewhere fun
5.They are motivated by challenge and a collaborative environment

There is a man that what he have been doing as CEOis right on target for his company that he want to cultivate,what he did was:

1.Creating a warm, fun, friendly environment to work in
2.Socializing with my employees
3.Rewarding them for performance
4.Providing flex time as long as the work gets done
5.Giving them a voice that is heard and valued
6.Opportunity for mentoring others
7.Sharing in the company succes