Citigroup in Post WTO China
China entered into the World Trade Organization with the promise that foreign financial institutions would be permitted to operate through China (harvardbusinessonline.hbsp.harvard.edu). Citigroup had previously experienced operational success and a competitive advantage in many other Asian countries and now looked to experience the same type of success in China. How Citigroup adapted to the Chinese governmental and business environments would play a critical role in shaping the company's expansion into the Chinese market.
There are numerous reasons that would make it difficult for Citigroup to adapt to the Chinese environment. First, Citigroup would have to overcome numerous human resources obstacles. Citigroup held true to its belief in hiring local employees. As a result, over 95% of Citigroup's employees in foreign markets were local. However, as China lagged behind in its business administration curricula, Citigroup would have to spend a......

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Title: Citigroup Analysis
Approximate Word Count: 952
Approximate Pages: 4 (250 words per double-spaced page)

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