The Industrial And Commercial Bank Of China - 1537 Words

The Industrial and Commercial Bank of China (ICBC)has been designated as the first RMB clearing commercial bank in Luxembourg, which is one of the world s financial centres on September 16, 2014 (ICBC,2014).The Clearing bank is a commercial bank that is part of a network of banks that can clear cheque for its clients, regardless of whether cheque check originates from the same commercial bank (Language Forums).This achievement marked a major step for ICBC to create a global RMB clearing network across different time zones, while significantly improving the transfer efficiency on a global scale and convenient use of RMB,effectively broaden the channels for RMB funds which are used around the world.The reason for this success can be illustrated by two main points which are the strong domestic financial strength and outstanding overseas market cooperation.This essay will discuss the reasons for this success in detail by comparing with other Chinese commercial banks and then it will an alyze whether this achievement will continue in the future. The most important reason for achieving this privilege is the powerful financial strength of ICBC. ICBC is the world’s biggest RMB bank,with $3.1 trillion in total assets, far more abundant than the China Construction Bank (CCB) which is the second largest RMB bank with $2.6 trillion in total assets (Bank around the world,2014). In order to increase its reserves and yields, ICBC committed to enlarging it scale and scopeShow MoreRelatedIndustrial And Commercial Bank Of China978 Words   |  4 PagesIndustrial and Commercial Bank of China (ICBC), a state-owned commercial bank, is a strong pillar of the development of basic industries in China, and its role in the financial system is and will always be irreplaceable. The most obvious function is to support the real economy. During 2015, the balance of loans extended by the bank to strategic emerging industries reached RMB369.729 billion, increasing by 11.99% over the p rior year; the balance of loans to cultural industries reached RMB175.457 billionRead MoreIndustrial And Commercial Bank Of China Essay1497 Words   |  6 PagesPeople s Bank of China opened up the banking system and began allowing the emergence of state owned banks. The four state owned specialized banks that exist are Industrial and Commercial Bank of China (ICBC), Agricultural Bank of China (ABC), China Construction Bank (CCB), and Bank of China (BOC). The state owned banks were a success so in 1994 the Chinese government decided to open three more banks that were dedicated to specific lending purposes and policymaking. The banks include China DevelopmentRead MoreBenefits Of Credit From Multiple Lenders1148 Words   |  5 Pagesborrowing from a single bank can eliminate the information disclosure that occurs when the firm borrows from multiple banks, it results in the firm’s competitors to infer that the firm is hiding information and react accordingly (Yosha, 1995). Detragiache et al (2000) provide a basic principle for a firm to look for multiple lenders by considering the cost incurred when it is denied credit by its bank for reasons. As an illustration, a temporary liquidity shortage leads the bank to be forced to denyRead MorePestel Analysis - Banking in China1112 Words   |  5 PagesUsing PESTEL analysis to understand the macro-environment that impacts the Banking Industry in China. Political Factors †¢ China has a socialist political system †¢ China has entered into the WTO and as part of the commitment to open up the banking industry, has issued the Rules for Implementing the Regulations Governing Foreign Financial Institutions in the People’s Republic of China , which allows Foreign financial institutions to provide foreign currency services to Chinese enterprisesRead MoreGlobal Warming And Climate Change Essay1354 Words   |  6 Pagescarbon footprint using Intergovernmental Panel on Climate Change (IPCC) Guidelines and data of World Bank. The frequently changing pattern of land use and industrial growth in India are essentially responsible for the issues and concerns about environmental risks. In the last two decades in India, the demand for transportation, energy generation, construction of buildings, residential and industrial sector grew significantly. This is contribution to air pollution across the countries (Sharma, 2013)Read MoreFinancial Market In China Essay1297 Words   |  6 Pagesintermediaries such as banks. China’s financial markets, however, are relatively undeveloped, with equities and debt instruments combined accounting for 3% of total assets, as compared to 32% in the US (Xiong 2017). The stock market in China is heavily speculative with volatile prices, while the bond market is still in development. In the absence of well developed financial markets in China, the financial sector sector is dominated by financial intermediaries, mainly banks. Bank deposits are 85% ofRead MoreThe Legal Framew ork For E Commerce1021 Words   |  5 Pages(Political factors: China has strong political system, which can help to boost its economy. Various new regulations are passed in their congress and these formal and informal rules help the economy to become stronger. It has the effective policy for the investors to invest their amount in various industrial sectors and government is also focusing on the development of e-commerce. The government has strong and firm commitment to flourish the business and increase the production of items of differentRead MoreThe Differences Between Theu.s And China Banking Systems Essay921 Words   |  4 PagesIn the essay I will discuss the main differences between the U.S and China banking systems. I will start by focusing on the over arching structure both banking systems use. I will talk about the check and balance system both countries use in order to regulate banks. I will go into depth on the different ways both countries used monetary policy in order respond to current and past economic slow downs. Compare and contrast the different stipulations that each banking system put in place in order toRead MoreRelationship Between Chinese And American Financial Markets1379 Words   |  6 Pagesbelieve this research is essential because of the sheer interconnectedness of the global banking system; and the rise of China specifically has implications that should not go misunders tood. The Rise of China The last forty years of development has weighed almost entirely toward the successful implementation of Eastern Asia into Western Culture. It was not until the 1980’s that China was able to fully transition from a closed economy to an open one. This transfigured the economy by spurring rampedRead MoreCitigroup Case Study896 Words   |  4 PagesCitigroup in Post-WTO China Lorenzo E. Pina November 6, 2006 Abstract This summary provides a debate of the Citigroup Corporation. The main arguments, debated by Team E, discuss whether Citigroup has displayed adaptability on expanding its operations into China. The conclusion summarizes Team E agreement that Citigroup has displayed environmental adaptability in its attempt to expand operations in China. Citigroup Case Study China has made it difficult for foreign banks to go into their country

Animal Experiments Or Torture - 924 Words

Experiments or Torture? Imagine being trapped in a cage for a lifetime. Picture being tortured through â€Å"experiments.† This is the life many animals in biomedical research are forced to live . Nowadays, most of the animal experiments are conducted on mice, rats, fish, and other animals that are excluded from the Animal Welfare Act of 1966. Animal experiments cause psychological and physical harm to the animals with a complete lack of respect for their quality of life which is why they must be banned. The effect that biomedical research experiments have on these animals is detrimental. According to the Physicians Committee for Responsible Medicine, PCRM researchers found in a 2011 study that â€Å"previously-traumatized chimpanzees exhibited signs of mood and anxiety disorders similar to PTSD and depression in humans† (Animals Psychological and Social Lives 2/3 ). These illnesses completely destroy these animals mental state, which hinders their ability to socialize. These chimpanzees can no longer socialize properly due to the effects of animal testing. Furthermore, the International Association Against Painful Experiments on Animals stated that psychologists have concluded that deliberately induced stress can arise â€Å"from social isolation, either by solitary confinement or by separation of infant animals from their mother† (Psychological Behaviour Animal Experiments And Research Testing 2/4 ). These animals are starting to stress out at very young age. This earlyShow MoreRelatedEssay on Animals Rights Should Be The Golden Rules850 Words   |  4 PagesSlaughter. Torture. Neglected. Starvation. Everyday innocent animals have to face these consequences because of us. Animals can show more love and affection to us than we humans can. Animals are not only subjects to animal testing, fur farming, breeding, factory farming, dog fighting, but also many other purposes. Animal cruelty perfectly epitomizes the fact that animals can show more compassion, respect to others. A dog, otherwise known as a â€Å"man’s best friend† always has this thing called a collarRead MoreAnimal Testing Is Morally Wrong?878 Words   |  4 Pages a lot of different types of animals suffer through painful and unnecessary tests. An animal being used for scientific experiments is wrong because it is inhumane, expensive, and unpredictable. Animals in laboratories live lives of loss, pain, loneliness, and torture. Various studies have shown that animal experimentation often does not even help humans. Some even lead to harmful human reactions to the drugs being tested on animals. Yet we continue to use animal testing while other courses ofRead MoreAnimal Testing: A True Ethical Dilemma Essay1622 Words   |  7 Pagesis the life of a laboratory animal. Animal testing is the use of animals for scientific research purposes and experiments. It can be used for the findings of cures and medicines to testing new drugs, to understanding the behavioral psychology of the animals themselves. â€Å"Around fifty to one hundred million vertebrate animals, ranging from fish to primates, are used in experiments each year† (Lloyd). There are many different terms used to describe the research on animals but two main ideas. In vivoRead MoreAnimal Experimentation Is Unnecessary and Cruel Essay946 Words   |  4 PagesEvery year, millions of animals suffer through painful and unnecessary tests. Animals i n laboratories all over the world live lives of deprivation, pain, isolation, and torture. Even though vast studies show that animal experimentation often lacks validity, leading to harmful human reactions, we still continue to use this method of experimentation, while many other less-expensive and more beneficial alternatives exist. Going beyond the issue of animal experimentation being morally wrong, this formRead MoreDo Animals Have Rights?900 Words   |  4 PagesDo Animals Have Rights? Animals have rights, or at least they should. Animals are not for us to eat, experiments on, wear or abuse in any which way. It is cruel to treat animals like they are not living souls. Animals are not tools that we can use however we want. They too have hearts and brains like us humans. Therefore, animals have all the rights to live their own lives without suffering and free from exploitation (Why). Animal testing is performed for the making of human products. Even afterRead More Horrors of Animal Research, Testing, and Experimentation Essay1648 Words   |  7 PagesThe Horrors of Animal Testing    The torture and murder of millions of animals annually has been occurring for centuries now. Every year we ignore it, and every year the numbers grow. The act of vivisection or the practice of experimenting on animals began because of religious prohibitions against dissection of human corpses. After religious leaders lifted these prohibitions, it was too late. Vivisection had become a major part of medical and educational research. As well as major part of productRead MoreShould Animals Be Torture And Abused?1178 Words   |  5 PagesWhy should animals have to be torture and abused? Is it because they are not human? Is it because they are not capable of stopping us? Animal use for drug experimentation has sparked controversy around the world. So why are animals for harmful testing? Each year millions of animals such as mice, rats, rabbits, and primates suffer through excruciating amounts of physical and mental torture. In recent years, the use of these animals has been has been strictly criticized by numerous animal rights groupsRead MoreAnimal Testing Should Not Be Banned891 Words   |  4 PagesHumans are Animals Every year millions of animals are burned, tortured and crippled in research that does not even result in safer products for humans. In fact, more than 90% of experimental drugs that are shown to be safe and effective in animals do not work for humans and are considered unsafe. Animal testing is barbaric; the small benefit that may be gained through testing in no way rights the torture these animals are put through. Not only is the testing harmful to the animals, it is extremelyRead MoreAnimal Experimentation Essay1044 Words   |  5 PagesAnimals suffer just as people do. In 2009 animal experimentation was the cause of over 1.13 million animals, excluding small rodents, suffering in U.S. Laboratories (U.S. Department of Agriculture, Animal and Plant Health Inspection Service). Animal experimentation is unethical, unnecessary and expensive; alternative methods of testing should be utilized. It is unethical to use the cruel methods of animal experimentation for our own benefit alone. The animals used in research range from birdsRead MoreAnimal Testing Should Be Banned880 Words   |  4 Pagesdepending on animals testing. Therefore, if people talk about laboratories, they should remember animal experiments. Those animals have the right to live, according to people who dislike the idea of doing testing on animals; the other opinion, supports the idea of animal testing as the important part of the source of what has reached medicine of the results and solutions for diseases prevalent in every time and place. Each year huge numbers of animals are sacrificed for the science all these animals, whether

Faulkners Wake-up Call free essay sample

During the years following the Civil War, the South went through a period of drastic change. The aristocratic landowning class, who used to prosper from an agrarian economy dependent on slavery, now had to adapt to the New South—a region starting to embrace the Norths industrialization and egalitarianism.Many of these white aristocrats, however, were bound to traditions of the Old South and refused to accept their new reality. This inability to adjust spiked criticism from William Faulkner who was one of the most acclaimed southern novelists at that time. In the short story A Rose for Emily, Faulkner criticizes the Old Souths reluctance to accept change by showing how Miss Emily Griersons inability to adapt leads her to live a miserable life. Miss Emily refuses to conform to a society that does not revere her as noble anymore. After the Civil War, the social stratification, which placed aristocratic families like the Griersons in the highest class, was dissolved. Thus, the townspeople do not perceive Miss Emily as a prestigious figure anymore, but instead as a fallen monument(Faulkner 143). She, however, lives trapped in the past, believing she is too genteel to interact with anyone from the town. This behavior becomes evident in the story once the narrator says, the Griersons held themselves a little too high for what they really were (Faulkner 146). As a result, Miss Emily is condemned to a life of loneliness until death, rattling around inside an old plantation house for decades with no one to take care of her. She becomes a victim of her own stubbornness to accept change. In fact, many literary critics agree with this interpretation. Cleanth Brooks describes Miss Emily as a conscious aristocrat who insists on meeting the world on her own terms and interprets this as an attitude in which both the admirable and the horrible reside (qtd. in Jones 107). In these statements, Brooks is clearly referring to how Miss Emilys refusal to adjust to a new social stratification determines her own tragic fate. This fact is important because it helps the reader understand how the author accomplishes his goal through the story. Faulkner chose this unwillingness to adapt to a new society as one of Miss Emilys characteristics because he wanted to criticize his Southern contemporaries who also refused to believe they were not on top of the social ladder anymore. In addition to refusing to accept her diminished role in society, Miss Emily is defiant towards the modernization of the town. During the time in which the story takes place, the South is becoming a region with innovative ideas and laws. However, since Miss Emily is attached to her antebellum traditions, she refuses to accept these innovations. When the town establishes a postal delivery system, she does not allow the city authorities to attach a mailbox to her house. Also, she refuses to pay taxes, believing the old arrangement with Colonel Sartoris will last forever. These stubborn actions cause the townspeople to have a feeling of antipathy towards Miss Emily, which becomes clearly noticeable when they say her suicide would be the best thing (Faulkner 148). Therefore, Miss Emilys reluctance to accept the towns modernization is also another factor that leads her to live a lonely life. Hans Skei, a professor of comparative literature for the University of Oslo, interprets this fact in a similar way. When analyzing the consequences of Miss Emilys refusal to accept innovations, Skei asserts, the incredible changes around her simply leave her behind as an anachronism (154). In other words, by not complying with the modernization of the town, Miss Emily, like any other old-fashioned symbol, is slowly being forgotten by the townspeople, who now only see her as a tradition, a duty, and a care (Faulkner 144). This interpretation on her life is equally significant to the authors main message in the story. Faulkner created her with this characteristic because he wanted to comment on the Old Souths struggle to accept the Norths industrialization. Finally, Miss Emily is so opposed to change that she even refuses to acknowledge death.In order to keep living in her timeless vacuum, she cannot let the dead go as they would be the only ones who would still share the principles and ideals from the antebellum world. As a result, Miss Emily is led to live a perverse life in which she tries to escape change by attempting to live among the dead. Faulkner shows her facing this consequence in the story when he reveals Miss Emilys macabre and bizarre bridal chamber. The fact she keeps the body of Homer Barron clearly shows how her refusal to accept death brings misery and madness to her life as she becomes even more bound to the past. Indeed, professors of American literature draw a similar connection between these facts. Melvin Backman asserts Miss Emily clutches so deludedly at a dead past that life itself is denied(81). If this interpretation is analyzed along with the authors historical context, they can represent something even more significant to his purpose in writing this story. Perhaps Miss Emilys reluctance to accept death is an allusion to the people from the Old South who were living a way of life that was also already dead. Faulkner clearly used Miss Emily as a vehicle to send his main message in the story. Her refusal to adapt in a new society, defiance towards the modernization of the town, and reluctance to acknowledge death all represent the Old South and its struggle with the post-civil war reconstruction. Furthermore, the fact she pays the price of these actions by living a miserable life reveals the authors purpose. Faulkner wrote A Rose for Emily to warn his Southern contemporaries that denying change can only bring suffering to a persons life. Works Cited Backman, Melvin. Faulkner: The Major Years. Indiana University Press, 1966. Faulkner, William. A Rose for Emily. Portable Literature, edited by Laurie G. Kirszner and Stephen R. Mandell, Cengage Learning, 2016, pp. 143-151. Jones, Laura. Readers Guide to The Short Stories of William Faulkner. G. K. Hall Co, 1994. Skei, Hans H. Reading Faulkners Best Short Stories. University of South Carolina Press, 1999.

Othello Tragedy Essays - Othello, Iago, Michael Cassio, Emilia

Othello Tragedy Dustin Mills English 102 Dr. Elisabeth Sachs Othello Essay Honest Iago One of the most interesting and exotic characters in the tragic play Othello, by William Shakespeare, is honest Iago. At first Iago seems to be motiveless. However, the motivation behind his actions lie more in Iago's quest for personal gain, as opposed to just being evil for evil's sake. Iago's greediness can be validated by examining his manipulation of Roderigo, Cassio, and most importantly, Othello. Iago's main interest is the destruction of Othello. The reason being that Othello has chosen another man, Cassio, as his second-in-command, preferring him to Iago. This resentment, accompanied by Iago's accusations of adultery and his blatant racism, cause Iago to despise the kindly moor. Because Iago is much too smart to immediately kill Othello, he proceeds with the arduous process of dismantling him emotionally. Iago also knows he must distance himself from any part of this, so he cleverly gets someone to do his dirty work. The first to fall victim to Iago's manipulation is half-witted Roderigo. Iago knows Roderigo is consumed by lust for Desdemona, and would do what it takes to make her his own. Iago tells Roderigo that the only way to win Desdemona's love is to make money to procure gifts for her. Put money in thy purse?(act I scene 3 line 339). However Iago is just taking those gifts intended for Desdemona and keeping them for himself, and making a profit. Roderigo eventually starts to question Iago's honesty. When faced with the accusations, Iago simply offers that the killing of Cassio will aid in his cause and Roderigo falls for it. In doing this, Iago keeps Roderigo in the dark and continues to profit from him monetarily. Roderigo is also used as a device in both Cassio and Othello's downfall. Iago's actions demonstrate his monetary and power based motivations, invalidating the claim that Iago is evil for evil's sake. Cassio like Roderigo follows Iago blindly, thinking the whole time that Iago is trying to aid him, when in fact Iago, motivated by his lust for power, is attempting to remove Cassio of his position as lieutenant. With Roderigo's help Iago causes Cassio to forfeit his position as Othello's second-in-command. Cassio is also used to bring out the monster inside of Othello. In Iago's exploitation of Cassio, it is clear to see that, although evil in his deeds, Iago is strictly motivated by his hunger for power. As mentioned earlier, Iago's main intention lies in the degradation of Othello. Iago feels that he was best suited to hold the position of lieutenant, as opposed to Michael Cassio. From this Iago manufactures accusations of adultery, claiming that Othello has slept with his wife, Emilia. ?Twixt my sheets/ he's done my office.(Act I scene 3 line 380) These accusations are merely excuses to validate his own pleasant acts and greed, and should be seen as nothing more. Again it's plain to see that, in Iago's deception of Othello he is motivated by his jealousy and subsequent bitterness. In conclusion, it's evident that Iago is evil for greed's sake, as opposed to evil for evil's sake. His craving can be seen in his clever manipulation of Roderigo, Cassio, and Othello. He uses Roderigo for his own financial benefit, as well as support his master plan; the destruction of Othello. Cassio was unfortunate enough to be chosen ahead of Iago as Othello's second-in-command, and was reduced to a deteriorated state by Iago because of it. Lastly, driven by his bitterness towards Othello for choosing Cassio over him, Iago takes it upon himself to ensure Othello's demise. Iago is an extremely complex character, and far from ordinary. His complexity and uniqueness makes him one of Shakespeare's greatest villains.