business report七篇.docx

business report七篇.docx

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businessreport七篇

LearningJournals

EnglishReadings&Writings

in

InternationalBusiness

2018BE3覃正贤

Xi’anInternationalStudiesUniversity

Fall2018

JOURNALONE

Part1BusinessNews

Jun.20,2018

Sourceofthenews:

website

Chinahasitsroleasaglobalpowerhouseincomsumermarket

Chinaisshiftingitsgrowthmodeltoonerelyingmoreonconsumptionandlessoninvestment.Itisalsourbanising,ageingandexperiencingdynamictechnologicalchange.Itshouldthereforeoffertheworld’sbusinessesagigantic,rapidlygrowing,butchallenging,consumermarketasitevolvesfrombeingthe“workshopoftheworld”.

Assume,instead,lessoptimistically,thatChina’sconsumptionshareremainedatamere40percentofGDP.Assume,too,that,after2023,thegrowthofChina’snominalGDP（indollars）fallstoamere6percent,whilethatoftheUSremainsat4pecent.ThenChina’saggregateconsumptionwillstillreach55percentofUSlevelsby2027.Evenundertheseconsiderablylessfavourableassumptions,thiswillbeahugelyimportantmarket.

By2027,22percentoftheChinesepopulation（324millionpeople）willbeover60.Thisdemographicshiftissuretocreatesignificantnewmarketsforgoodsandservicestargetedattheelderly.Meanwhile,theyoungadultsof2027willvirtuallyallbefromone-childfamiliesandfamiliarwiththedigitally-enabledandrelativelyprosperousChinaoftoday.Theyarelikelytobeconsiderablymoredemandingthantheirelders.

Aselsewhereintheworld,Chineseconsumerswillalsoincreasinglydemandandobtainpersonalisedgoodsandservices.Inaddition,arguesthereport,thepatternofconsumptionislikelytobesplitbetweenthoseseekingamoretraditionallyChineselifestyleandthosewithapreferenceforamorewesternisedwayoflife.

ThedramaticdevelopmentofChina’sdigitaleconomywillincreasinglyweavetogetheronlineandofflineworlds.Hema,forexample,isastart-up,backedbytheAlibabaGroup.AsIwitnessedduringarecentvisittoAlibaba’sheadquartersinHangzhou,aHemastoreisamixtureofsupermarket,restaurant,distributioncentreandonlinestore.Isawapossiblefuture—anditworked.

Theplausibleassumption,however,isthatoverthenextdecadeamassconsumersocietywillemergeinChina.ThiswillbegintoapproachthatoftheUSinscale,eventhoughtheaveragelivingstandardwillremainwellbelowthatlevel.Moreover,Chinesecompaniesareemergingasworldleadersinthistechnology-enabledeconomy.

Avastmiddleclassofpeoplewithanincomeaffordingmorethanthebasicessentialsofexistence,willalsoemerge.Theseconsumerswillbenotonlybemoredemanding,butwillseekgoodsandservicesthatenrichtheirlives.

Part2BusinessTermsandKnowledgeintheNews

1.Gigantic

2.Nominal

3.Aggregate

4.Demographic

5.digitally-enabled

6.Plausible

Part3SummaryorCommentsontheNews

Comment:

Firstofall,I'mhonoredtobeaChinese.WhenIwasyoung,overthepasttenyears.Ourcountryhasbeendevelopingandgrowing.Thepeople’slivingstandardhasbeenimproved.Withtheprogressofnetworktechnologyandthepeople’sprosperity,moreandmorewealthypeopletendtobuyluxurygoods.Sotheyarebuyingluxurygoodsabroad.Therefore,Chinahasbecomeabigconsumermarketintheworld.Thismayberelatedtothelevelofnationalproduction.Peoplelivebetterandaremoreinclinedtoforeignmarketsforthingsorgoods.Exceptthis,wecanseethatwhentheyarestimulatingtheireconomicgrowthandtheirdesiresaresatisfied,soourGDPcanalsogrow.

LearningJournals

EnglishReadings&Writings

in

InternationalBusiness

2018BE3覃正贤

Xi’anInternationalStudiesUniversity

Fall2018

JOURNALTWO

Part1BusinessNews

Jun.21,2018

Sourceofthenews:

website

UberstrippedofLondonlicenceduetolackofcorporateresponsibility

UberhasbeenstrippedofitsLondonlicenceinasurprisemovethatdealtaseriousblowtooneofSiliconValley’sfastestrisingcompaniesandsparkedanoutcryfromacoalitionofcustomers,governmentministersanddriversattheride-hailingcompany.

Thefirm’sapplicationforanewlicenceinLondonwasrejectedonthebasisthatthecompanyisnota“fitandproper”privatecarhireoperator.

Uber’scarswillnotdisappearimmediatelyasitscurrentlicenceexpireson30SeptemberanditplanstochallengetherulingbyLondon’stransportauthorityinthecourtsimmediately.Thehailingappcancontinuetooperateinthecapital–whereithas3.5millionusers–untilthefirmhasexhaustedtheappealsprocess.Uberhas21daystolaunchanappealbutcancontinuetooperateuntiltheprocessexpires–whichcouldtakemonths.

HowwillyoubeaffectedbyUberlosingitslicencetooperateinLondon?

UberchiefexecutiveDaraKhosrowshahiwrotetostaffonFridayconfirmingthatthecompanywouldappealtheruling.Hesaidhedisagreedwiththedecisionbutitwasbasedonpastbehaviour.

“Thetruthisthatthereisahighcosttoabadreputation,”hewrote.“Itreallymatterswhatpeoplethinkofus,especiallyinaglobalbusinesslikeours.“It’scriticalthatweactwithintegrityineverythingwedo,andlearnhowtobeabetterpartnertoeverycityweoperatein.Thatdoesn’tmeanabandoningourprinciples—wewillvigorouslyappealTfL’sdecision—butratherbuildingtrustthroughouractionsandourbehavior.Indoingso,wewillshowthatUberisnotjustareallygreatproduct,butareallygreatcompanythatismeaningfullycontributingtosociety,beyonditsbusinessanditsbottomline.

Khosrowshahi,whowasbroughtintorunthefirmafteraseriesofscandals,alsotweetedanappealtoLondonersto“workwithus”insolvingtheissue.“DearLondon:

wearefarfromperfectbutwehave40klicenseddriversand3.5mmLondonersdependingonus.Pleaseworkwithustomakethingsright,”hetweeted.

ThedecisionbytheLondonmayor’stransportbody,TransportforLondon,wasbackedbySadiqKhan,employmentrightscampaigners,andthetradebodyforthecapital’sblack-cabdrivers,whohavebeenstaunchopponentsoftheUS-basedcompany.

However,itdrewimmediatecriticismfromUberusers,driversandGregHands,thetrademinister.OneofUber’s40,000driversinthecapital,JamesFarrar,whohascampaignedforbetterworkingconditionsatthefirm,saidTfL’sdecisionwasa“devastatingblow”.

TfLsaidithadrejectedthecompany’sapplicationtorenewitslicencebecause“Uber’sapproachandconductdemonstratealackofcorporateresponsibility”inrelationtoreportingseriouscriminaloffences,obtainingmedicalcertificatesanddriverbackgroundchecks.

ThelicensingbodyalsosaiditwasconcernedbyUber’suseofGreyball,softwarethatcanbeusedtoblockregulatorybodiesfromgainingfullaccesstoitsappandundertakingregulatoryorlawenforcementduties.

ThedecisiontoremoveUberfromoneofitsbiggestmarketsisthelatestblowforaUS-basedcompanythathasshottoa$70bn（£52bn）valuationsinceitwasfoundedin2009buthasbeenhobbledbyoppositionfromnationalandmunicipalgovernmentsaroundtheworld–includinginItalyandRiodeJaneiro–duetoconcernsoversafetyorthethreattoexistingtaxibusinesses.AndreSpicer,aprofessoratCassBusinessSchoolinLondonsaidthedecisionwasa“potentiallymortalblow”toUber,adding:

“InthepastUberoperatedattheedgeofthelawwithnewtechnologyasanalibi.Nowitsroguebusinessmodelisprovingtobeabigliability.”

KhansaidhefullysupportedthedecisiontorevokeUber’slicence,sayingallcompaniesneededto“playbytherules”.Hesaid:

“IwantLondontobeattheforefrontofinnovationandnewtechnologyandtobeanaturalhomeforexcitingnewcompaniesthathelpLondonersbyprovidingabetterandmoreaffordableservice.

“However,allcompaniesinLondonmustplaybytherulesandadheretothehighstandardsweexpect–particularlywhenitcomestothesafetyofcustomers.”

ButHands,whoisalsoministerforLondon,said:

“AttheflickofapenSadiqKhanisthreateningtoput40,000peopleoutofworkandleave3.5millionusersofUberstranded.Ubermustaddresssafetyconcernsanditisimportantthereisalevelplayingfieldacrosstheprivatehiremarket.’

“ButablanketbanwillcausemassiveinconveniencetomillionsofLondoners,allwhileshowingthattheMayorofLondonisclosedtobusinessandinnovation.”SamGyimah,aConservativejusticeministerandMPforEastSurrey,saiditwas“possibletohaveeffectiveregulationofUberwithoutpenalisingtheconsumerswhobenefitfrommorechoiceandlowerprices”.

HowwillTfL'sdecisionaffectUber?

SteveMcNamara,generalsecretaryoftheLicensedTaxiDrivers’Association,whichrepresentsblack-cabdrivers,saidthemayorhadmadetherightdecision.“SinceitfirstcameontoourstreetsUberhasbrokenthelaw,exploiteditsdriversandrefusedtotakeresponsibilityforthesafetyofpassengers.ThisimmoralcompanyhasnoplaceonLondon’sstreets,”hesaid.

Ubersaidinastatementthedecisionwould“showtheworldthat,farfrombeingopen,Londonisclosedtoinnovativecompanies”.

Farrar,aco-claimantinalandmarkemploymenttribunaldecisionagainstUberandchairoftheIndependentWorkers’UnionofGreatBritain’sprivatehiredrivers’branch,saidTfLshouldhavesteppedinearliertoprotectdrivers.“TostripUberofitslicenceafterfiveyearsoflaissez-faireregulationisatestamenttoasystemicfailureatTfL,”hesaid.

ThemajorityofUberusersrespondingtoaGuardianrequestforcommentopposedthedecisiontorevokethecompany’slicence.

Helen,fromWalthamstowineastLondon,criticisedthedecisionandsaidTfLshouldbeworkingmorecloselywithU