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.
Shi Han, Resident Scholar, Carnegie-Tsinghua Center for Global Policy
The Office Park, Tower AB, 6th Floor
No. 10 Jintongxi Road, Chaoyang District
12:00PM-12:30PM - Registration
12:30PM-2:00PM - Presentation and Q&A
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].
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Visit the original source and full text: The American Chamber of Commerce in the People's Republic of China