impact on China
Advantage 1 : Cheaper Imports
China imports technologies, petroleum, metals, machinery and skills from other countries. China is the biggest consumer of many commodities such as aluminum, steel, coal and copper and second largest consumer of oil. With the increasing prices of these commodities, appreciating Yuan will put less pressure.
Advantage 2 : Overseas Investment and
1. Policies and reforms -Special Economic Zones (SEZs)
- Economic development-focused policies
- Putting old politics behind
Special tax incentives for foreign investments in the SEZs
Greater independence on international trade activities
Products are primarily export-oriented
Attracting and utilizing foreign capital
invest in a country then own the facilities; the investor by virtue of its ownership can control decisions about how many people to employ, whether to expand or shut down, what products to make, and how to market them. Also, the foreign investor can usually take the profits from the operation out of the country(repatriation of profits). However, the host government can share in the wealth by char
impact of IFRS on the financial statements.
The impact of IFRS on the financial statement can be summarized as follows: (only the accounts that has been changed by the adoption of the IFRS is stated)
The statement of financial position
as of 1 JAN 2008 (transition date) (in number of thousands of won)
accounts K-GAAP Effect of the adoption of the IFRS K-IFRS
Investment on subsidiaries 6,55
impact on certain consumers; recreational golfers. Hence, no matter the costs, firms have been trying to contract endorsement deals with golfers, who are influential to people.
4. Decline in the Number of American Golfers
One of the most serious concerns in the golf equipment industry is the drop in the number of keen golfers; people playing golf 25 times a year or more down sharply. The