The Economics of Buy High and Sell Low

12:00 - 2:00 PM, Monday, July 06, 2015 - AmCham China Conference Room

Many purchasing managers of state-owned enterprises in China intentionally buy products at higher prices and take a cut from the suppliers. Likewise, SOE sales managers often sell their products at lower prices in exchange for kickbacks after the same products are resold by their associates at going market rates. The unconventional practices of buy high and sell low enrich the SOE managers and their private associates at the expense of SOE’s profitability.

AmCham China and the Carnegie-Tsinghua Center for Global Policy team up for this presentation examining the economic implications of the buy high-sell low schemes. Shi Han will explain how the fraudulent practices affect the cost and revenue of state-owned and private companies and the supply and demand in upstream and downstream industries. For international companies selling in or buying from China, dealing with suppliers and customers whose market behavior is the reversal of that in the west is a practical challenge one must confront.

Speakers:
Shi Han, Resident Scholar, Carnegie-Tsinghua Center for Global Policy

Venue:
The Office Park, Tower AB, 6th Floor
No. 10 Jintongxi Road, Chaoyang District
远洋光华国际,AB座6层
朝阳区金桐西路10号

Program:
12:00PM-12:30PM - Registration
12:30PM-2:00PM - Presentation and Q&A

Registration:
Cardholding members advanced discounted online price: RMB 100
Cardholding members at the door: RMB 150
Non-cardholding employees of member companies: RMB 250
Non-members: RMB 600

AmCham China Events:
Events have limited seating so to ensure your attendance we encourage advance online registration and payment for ALL events. We cannot guarantee entry to anyone not registered in advance. All AmCham China events are in English unless stated otherwise. Please also be aware that the Member Advanced Price is only for members who register AND pay online prior to the closing date and time for this event. Members who do not register and pay online will be charged the At-The-Door price.

This event is off-the-record.

For more information, please contact: Elizabeth Barrett, Email: [email protected].

Cancellation Policy:
If you cannot attend an event for which you have registered, please cancel your registration no later than one business day prior to the event. If you fail to notify AmCham China of your cancellation in a timely fashion, you will be charged for event costs.

To cancel you can 1) call 8519-0828 and leave a voicemail message including your name, and event title and date, 2) email cancel[email protected], or 3) cancel online if you registered for the event through the website. Thank you for your cooperation and helping AmCham China maintain the quality of its events.

Receipts:
Please note: Requests for official payment receipts for 2013 (fapiao) must be submitted to AmCham China before December 25, 2013. Requests made after that time will not be accommodated. Please contact [email protected].


Visit the original source and full text: The American Chamber of Commerce in the People's Republic of China