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Answer3:

CITIC    Group Corporation

Ltd., formerly the China International Trust Investment
Corporation, is a state- My Textbook Solutions
owned investment company of the People's
Republic of China."SIno Iron pvt ltd. is the subsidiary of CITIC
&
its chairman hua dongyi started a project to invest in
australia but faced problems & delays in the "SIno
Iron Project
in Australia". there are following liabilities of foreignness did
CITIC encoun-ter in Australia-

as australia is already one of the

developed countries so company faced many problems from the Add a
australian government. textbook
as many chinese companies were
investing in australia so government tighten the laws so that
chinese
company can impact the local business like extra taxes,
lower down the stakes of the chinese company etc. Cengage... Business...
liablity of local workforce as
chinese company had to incure extra cost of workers for thier
accomodation.
8th Edition 4th Edition
government began to implement far
more rules and regulations which delayed numerous approvals and
greatened the cost estimations. View all solutions

the company can overcome these

issues by analyzing the culture & government regulations of the
country
before investment.this would help the company to get all
the paperwork & approval done in time . aslo
company can
involed in joint venture with australian company which would get
the support from
australian government because australian
government would want growth of australina business
companies.

second company can analyse the

environmental,social,technological,economical,legal etc factors
before
investment in outside country because host country business
is very different from business in foreign
countries.

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Q: 3. What liabilities of foreignness did CITIC encoun- ter in Australia? How could these be overcome? 4. Who were the
stakeholders in the Sino Iron project? How can the Chinese company best engage them?

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Q: 3. What liabilities of foreignness did CITIC encoun- ter in Australia? How could these be overcome? 4. Who were the
stakeholders in the Sino Iron project? How can the Chinese company best engage them?

A: See answer

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