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6 White Paper on the Business Environment in China
23 Yu Tianyu. “Advertising Industry Optimistic About 2010.” China 35 Laurie Burkitt and Fanfan Wang. “CCTV Explains Its Silence at
Daily. December 14, 2009. http://www.chinadaily.com.cn/ Ad Auction.” The Wall Street Journal. November 21, 2013. http://
bizchina/2009-12/14/content_9174608.htm. blogs.wsj.com/chinarealtime/2013/11/21/cctv-explains-its-
silence-at-ad-auction/.
24 Hu Yuanyuan. “Ad Spending Rises 13.5% in 2009.” China
Daily. January 30, 2010. http://www.chinadaily.com.cn/ 36 Christina Larson. “China Needs a War on Infomercials.”
bizchina/2010-01/30/content_9401660.htm. BloombergBusinessweek. November 1, 2013. http://www.
businessweek.com/articles/2013-11-01/china-needs-a-war-on-
25 “UK Trade Body Looks to Aid Chinese Brands.” October 12, 2011. infomercials.
People’s Daily Online via China Daily. http://english.peopledaily.
com.cn/90778/7622851.html . 37 Luo Jun. “HSBC Starts Private Banking Operations in China.”
Bloomberg. March 31, 2008. http://www.bloomberg.com/apps/
26 Yang Ning. “Showbiz Market Expected to Grow to $96b.” China news?pid=20601102&sid=aPVKvcvMd6t4.
Daily. June 15, 2011. http://www.chinadaily.com.cn/cndy/2011-
06/15/content_12697977.htm. 38 “Assets of Foreign Banks in China up 7.37% in 2008.” China.org.cn.
March 14, 2009. http://www.china.org.cn/business/2009-03/14/
27 Michael Learmonth. “Want Ad Growth? Try Beijing.” Silicon Alley content_17443998.htm.
Insider. August 2, 2008. http://www.alleyinsider.com/2008/8/
want-ad-growth-try-beijing-. 39 “Chinese Banks Absorbed $32.78 bln Foreign Capital.”
Xinhua. August 26, 2009. http://news.xinhuanet.com/
28 Jonathan Shieber. “China’s Booming Online Ad Market Spurs english/2009-08/26/content_11950109.htm.
VC Deals.” The Wall Street Journal. June 13, 2011. http://blogs.
wsj.com/venturecapital/2011/06/13/chinas-booming-online-ad- 40 Mervyn Jacob, Raymond Yung, and Jimmy Leung.
market-spurs-vc-deals/. “Marketing and Capital Market: Foreign Banks in China.”
PriceWaterhouseCoopers. June, 2009. http://www.pwchk.com/
29 “China’s First Internet Advertising Industry Standard Begins.” home/eng/fs_foreign_banks_china_jun2009.html.
China Tech News. January 5, 2009. http://www.chinatechnews.
com/2009/01/05/8409-chinas-first-internet-advertising- 41“Mainland China Banking Survey 2010.” KPMG. http://www.
industry-standard-begins/. kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/
Documents/China-banking-survey-201008.pdf.
30 “China’s Internet Ad Reaches 14b yuan in Q1.” Xinhua. April 25,
2012. http://www.chinadaily.com.cn/bizchina/2012-04/25/ 42 Mervyn Jacob, Raymond Yung and Peter Li. “Foreign Banks in
content_15141352.htm. China 2011.” PricewaterhouseCoopers. June, 2011. http://www.
pwccn.com/webmedia/doc/634442705425169010_fs_foreign_
31 “China Online Advertising Spending to Surge.” Xinhua. June banks_china_jun2011.pdf .
13, 2012.http://www.chinadaily.com.cn/business/2012-06/13/
content_15498610.htm. 43 Mervyn Jacob., Raymond Yung, and Jimmy Leung. “Foreign Banks
in China.” PricewaterhouseCoopers. May, 2010. http://www.
32 Meng Fangbin. “Advertising Spending Sees Sluggish Growth.” pwccn.com/webmedia/doc/634082194595490480_fs_foreign_
China Daily. May 22, 2012. http://www.chinadaily.com.cn/ banks_china_may2010.pdf.
bizchina/2012-05/22/content_15352934.htm.
44 Dinny McMahon. “Foreign Banks in China Rev Profits.” The Wall
33 “China in Brief: Publishing.” China.org.cn. December 27, 2006. Street Journal. September 26, 2012. http://online.wsj.com/article/
http://www.china.org.cn/archive/2006-12/27/content_1193356. SB10000872396390444083304578017730089494090.html.
htm.
45 “The Total Assets of China’s Banking Sector Reached RMB 52.6
34 Jamil Anderlini “China: Newspaper Sales Flourish.” Financial Times. Trillion.” Business Wire. June 5, 2008. http://www.bloomberg.
January 7, 2011. http://www.ftchinese.com/story/001036382/en. com/apps/news?pid=conewsstory&refer=conews&tkr=601398:
CH&sid=aDLlrZS_Li.0.
240
23 Yu Tianyu. “Advertising Industry Optimistic About 2010.” China 35 Laurie Burkitt and Fanfan Wang. “CCTV Explains Its Silence at
Daily. December 14, 2009. http://www.chinadaily.com.cn/ Ad Auction.” The Wall Street Journal. November 21, 2013. http://
bizchina/2009-12/14/content_9174608.htm. blogs.wsj.com/chinarealtime/2013/11/21/cctv-explains-its-
silence-at-ad-auction/.
24 Hu Yuanyuan. “Ad Spending Rises 13.5% in 2009.” China
Daily. January 30, 2010. http://www.chinadaily.com.cn/ 36 Christina Larson. “China Needs a War on Infomercials.”
bizchina/2010-01/30/content_9401660.htm. BloombergBusinessweek. November 1, 2013. http://www.
businessweek.com/articles/2013-11-01/china-needs-a-war-on-
25 “UK Trade Body Looks to Aid Chinese Brands.” October 12, 2011. infomercials.
People’s Daily Online via China Daily. http://english.peopledaily.
com.cn/90778/7622851.html . 37 Luo Jun. “HSBC Starts Private Banking Operations in China.”
Bloomberg. March 31, 2008. http://www.bloomberg.com/apps/
26 Yang Ning. “Showbiz Market Expected to Grow to $96b.” China news?pid=20601102&sid=aPVKvcvMd6t4.
Daily. June 15, 2011. http://www.chinadaily.com.cn/cndy/2011-
06/15/content_12697977.htm. 38 “Assets of Foreign Banks in China up 7.37% in 2008.” China.org.cn.
March 14, 2009. http://www.china.org.cn/business/2009-03/14/
27 Michael Learmonth. “Want Ad Growth? Try Beijing.” Silicon Alley content_17443998.htm.
Insider. August 2, 2008. http://www.alleyinsider.com/2008/8/
want-ad-growth-try-beijing-. 39 “Chinese Banks Absorbed $32.78 bln Foreign Capital.”
Xinhua. August 26, 2009. http://news.xinhuanet.com/
28 Jonathan Shieber. “China’s Booming Online Ad Market Spurs english/2009-08/26/content_11950109.htm.
VC Deals.” The Wall Street Journal. June 13, 2011. http://blogs.
wsj.com/venturecapital/2011/06/13/chinas-booming-online-ad- 40 Mervyn Jacob, Raymond Yung, and Jimmy Leung.
market-spurs-vc-deals/. “Marketing and Capital Market: Foreign Banks in China.”
PriceWaterhouseCoopers. June, 2009. http://www.pwchk.com/
29 “China’s First Internet Advertising Industry Standard Begins.” home/eng/fs_foreign_banks_china_jun2009.html.
China Tech News. January 5, 2009. http://www.chinatechnews.
com/2009/01/05/8409-chinas-first-internet-advertising- 41“Mainland China Banking Survey 2010.” KPMG. http://www.
industry-standard-begins/. kpmg.com/CN/en/IssuesAndInsights/ArticlesPublications/
Documents/China-banking-survey-201008.pdf.
30 “China’s Internet Ad Reaches 14b yuan in Q1.” Xinhua. April 25,
2012. http://www.chinadaily.com.cn/bizchina/2012-04/25/ 42 Mervyn Jacob, Raymond Yung and Peter Li. “Foreign Banks in
content_15141352.htm. China 2011.” PricewaterhouseCoopers. June, 2011. http://www.
pwccn.com/webmedia/doc/634442705425169010_fs_foreign_
31 “China Online Advertising Spending to Surge.” Xinhua. June banks_china_jun2011.pdf .
13, 2012.http://www.chinadaily.com.cn/business/2012-06/13/
content_15498610.htm. 43 Mervyn Jacob., Raymond Yung, and Jimmy Leung. “Foreign Banks
in China.” PricewaterhouseCoopers. May, 2010. http://www.
32 Meng Fangbin. “Advertising Spending Sees Sluggish Growth.” pwccn.com/webmedia/doc/634082194595490480_fs_foreign_
China Daily. May 22, 2012. http://www.chinadaily.com.cn/ banks_china_may2010.pdf.
bizchina/2012-05/22/content_15352934.htm.
44 Dinny McMahon. “Foreign Banks in China Rev Profits.” The Wall
33 “China in Brief: Publishing.” China.org.cn. December 27, 2006. Street Journal. September 26, 2012. http://online.wsj.com/article/
http://www.china.org.cn/archive/2006-12/27/content_1193356. SB10000872396390444083304578017730089494090.html.
htm.
45 “The Total Assets of China’s Banking Sector Reached RMB 52.6
34 Jamil Anderlini “China: Newspaper Sales Flourish.” Financial Times. Trillion.” Business Wire. June 5, 2008. http://www.bloomberg.
January 7, 2011. http://www.ftchinese.com/story/001036382/en. com/apps/news?pid=conewsstory&refer=conews&tkr=601398:
CH&sid=aDLlrZS_Li.0.
240
