Beijing is just testing its wings as a global player. This agreement is a major sign of China having achieved that stature.
More Quotes from Richard Baum:
They are coming up against a number of uncomfortable facts,Richard Baum
Companies (retailers) are being very cautious about their guidance for the second quarter, so we're not completely taking it to heart that these (strong sales) results will carry through,
Richard Baum
They shared the grievance that the government wasn't paying attention to ordinary people, that it was time to respond to the negative byproducts of economic reform. They considered the government to be arrogant, haughty and unresponsive.
Richard Baum
They have their planned promotions, but they have to be prepared to add some planned promotions in there if business is not happening.
Richard Baum
Mike was a prime mover in the contemporary China field -- in some respects, the prime mover -- for much of the past three decades,
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Based on Topics: Agreements QuotesBased on Keywords: beijing
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