BGN Entrepreneur

Now, France and Germany have less than a week of frantic negotiation ahead to resolve the main differences on a “comprehensive plan” to get over the eurozone sovereign debt crisis.
The G20 countries said that by the European summit next Sunday it should: agree on the losses the private sector should take on Greek debt; arrange a credible plan for the recapitalization of Europe’s banks; as well as install a firewall to protect other countries from the woes of Greece.

The number of published academic papers in science and technology is often taken as a gauge of national scientific prowess. China has been investing heavily in scientific research and technological development in recent years to strengthen its innovative capacity. As China’s economy has soared to the second place in the world, the country’s scientific strength has als surged, if only measured by the numbers.
According to recent data by Elsevier, it is revealed that Chinese researchers published more than 1.2 million papers from 2006 to 2010, second only to the US but well ahead of UK, Germany and Japan. This figure represents a 14% increase over the period from 2005 to 2009. However, these impressive numbers mask an uncomfortable fact that most of the papers are of low quality or have little influence.
When measured by the citation per article (CPA), which measures the quality and impact of the papers, China fall below emerging countries like Indica and Brazil with a CPA of 1.47. Among papers lead-authored by Chinese researchers, most citations were by domestic peers and in a lot of cases, were self-citations.

China has been the second-largest market after the US for the renowned sporting goods brand–Nike, who has long been top global designer, marketer and distributor of a wide collection of authentic athletic footwear, sports and fitness apparel, equipment as well as accessories. The Oregon-based brand has been active in the Chinese market for 30 years, with its products available in over 7000 stores in China.
Currently, the company is ambitiously planning to double its revenue in China, following the development of China’s economy. Nike plans to grow by expanding to small cities in the next four years, which will leave its rivals in the dust.

According to a joint-effort research on 3000 small enterprises by National School of Development at Peking University and Alibaba China, it is found that the increase in price of raw materials and labour cost as well as reduce in orders make it harder for samll businesses to make a profit.
Confidence in the market remains quite low. 72.45% small businesses researched are expecting making no profits or even small loss in the coming 6 months; while 3.29% are looking to suffer from huge loss or even go out of business in 6 months time.

The third-quarterly earnings of the search engine company–Google has soared above the expectation of most analysts, as the company rebounded to the highest growth rate ever since before the financial crisis in 2008.
In spite of a continuation of the hiring binge that has caused unease on Wall Street, the results of the latest quarter drove Google’s share price up by more than 6% in after-hours trading.
According to Google, it is said that the company has recruit 2585 more staff in the latest quarter, which is more than in the previous quarter. The total staff number of the company has mounted to 31353 as a result.

China and Russia have been looking to actively push forward cooperation on oil and gas. However, the process has been long subject to delay due to disagreements in pricing.
Recondly, the two countries made giant strides in energy cooperation via first agreeing a price for Russian crude oil exported through a cross border pipeline and then announcing the approaching final stage of work on the gax exports from Russia to China.

Today’s world is tgreatened by the repeat of the 2008 economic crisis. The financial meltdown, which is expected to be of more cataclysmic scale, will take place in the European area instead of in the US. And this time, the financial mechanism involved will not be the highly complex structured financial products, but the government bond, which is one of the oldest financial instrument in the world.
Though government and central banks are working hard to find out the solution, the future remain unclear. According to the market analysts, it is indicated that the financial revolution of the modern world should be based on a political order, which should antecede a full transition to universal democracy.
Thouhg it is assumed that national temperament somehow inbues the European countries with a proclivity to default, a key determinant of debt sustainability should never be forgotten. It seems that at the end of the day, a collective burden-sharing Europe remains the only effective way out of the currency economic crisis.