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| Topic: |
Business
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| Number of pages / Number of words: |
4 / 918 |
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Before the World Trade Organization membership, "Citibank had been licensed only to provide corporate banking services, and only to foreign-invested enterprises. Furthermore, Citibank had been licensed to operate branches in only a few of the Chinese cities open to foreign banks" (Pearce & Robinson, 2005)...
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Furthermore, Citibank had been licensed to operate branches in only a few of the Chinese cities open to foreign banks" (Pearce & Robinson, 2005).
Displayed Adaptability Cons
An area that Citigroup has been less inclined to adapt to pertains to joint ventures in China. Government regulations associated with joint ventures do not fit into the company's strategic plans and objectives...
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