Samsung, a Korean synonymous with success. From sixty years ago a kimchi noodles manufacturers, transformed into a huge electronics brand which garnered 13% of Korean exports. The lessons we can learn from the rise must be very valuable.Samsung today’s success can be attributed to the advantages of vertical integration, industrial design capabilities, R & D capabilities, brand influence and government support.

When Chinese enterprises were still pursuing technology and brand, the competitiveness of Samsung Electronics has gone beyond technology and brand on top, built up industrial vertical integration advantages. Samsung Electronics Samsung Group owns the world’s largest shipments of components and electronic devices. They Company is also the most complex institutional structure multinational organizations. In order to be ahead of whether in the semiconductor industry or LCD panel industry, the company spent about 15 years to accumulate the technologies and learn techniques.

However in my opinion, the most important drive to its success is its Human Resources Development Center, called “Changjo Kwan”. Every year, more than 50,000 employees in Samsung will be trained from days to several months at Changjo Kwan and similar institutions. During this period, they will be taught the idea of Samsung, therefore the employees are loyal to the company. Considering the humble learning and the good management of human resources we can easily find out why Samsung became a very strong company in the industry.

How Samsung Became World’s No. 1 Smartphone Maker:

https://www.youtube.com/watch?v=C-JEYGqYTjk

September 23, People’s Bank of China issued a 5 yuan commemorative coins. First day of issue, it was snapped up by the public and collectors . Instead of considering how much those commemorative coins can appreciate, people are having a concern of the increasing inflation.

This commemorative coins were issued at a time when the domestic is experiencing a high inflation rate, and this five yuan coins can be used normal currency; many people will it link up with bubble economy. Some people believe that the issue of the commemorative coins is a secret way how the government try to issue more currency therefor the price level is going to skyrocket.

However in my perspective, there is not certain correlation between the issue of commemorative coins and the rising inflation. Generally speaking, having both coins and paper currency is to make payments and changes more convenient, and the purpose of increasing use the coins is mainly to avoid the loss during the high frequent usage of small denomination notes, especially in humid countries. In addition, when experiencing an inflation, prices are generally high, therefore small money like coins are used less frequently. People have low possibilities to carry relatively small currency, so the coin is usually kind of less useful during high inflation .

https://www.youtube.com/watch?v=uz8wXU06PoA

“Welcome to the city of Erdos, the city of future.” Al Jazeera English Channel reported Erdos, a city in the province of Inner Mongolia, as a “ghost town” in November 2009. The Government planned to let the new town in Erdos–Kangbashen become the city’s administrative center, and become the new home of 1 million people. However the buildings built by government money, stands empty.

Erdos owns China’s one sixth of coal reserves and a third of natural gas reserves. For past eight years, Erdos’s domestics GDP (gross domestic product) growth reached high level of 25%, the double of national GDP growth rate.

One of the important drives for the construction of the new city is to attract the wealth created by the abundant coal resources. It is interesting that in some economists’’ points of view that the “ghost city” is actually a good example of how a resource-rich region in recent years successfully dispose of the huge amount of wealth instead of a symbol of China’s real estate bubble. The people earned a lot of wealth will tend to put their money into the real estate, like buying the houses, as an investment.

However some people considered the construction of the new city is purely a boost of GDP. The government tried to be impressed and gain reputation by raising the GDP through spending more on building a city that nobody wants to live in. The new city was claimed unreality as it is 30 km away from the old city though the government explained the reason why the location was chose was because of considering the water shortage within that area.

Recently the government is trying solve the problem in Kangbashen by moving the Government and 51 departments directly under the authority as well as the elderly, civil servants, farmers and herdsmen and industrial workers into that area.

CHINA’S EMPTY CITIES WAITING FOR 2012-2014.

https://www.youtube.com/watch?v=vtolbcVBQmg

Chinese Ghost Cities – 60 Minutes Report：

https://www.youtube.com/watch?v=InqAzvX6UrI