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  • Essay / Adaptability of Citigroup in China - 1181

    Adaptability of Citigroup in ChinaCitigroup has a long history with China and the decision taken within Citigroup headquarters to expand its services signifies an important economic role. China is one of several Asian countries with higher competitive economic growth potential. Citigroup's entry into post-WTO China, however, raises questions about the company's ability to demonstrate adaptability while trying to expand its operations in China. Argument for SuccessCitigroup has been able to demonstrate its adaptability in its attempts to expand its operations in China through its ability to access capital, cash flow and have skilled personnel. Additionally, Citigroup was able to acclimate to Chinese government regulations. Citigroup continues to demonstrate adaptability in its attempt to expand its operations in China through outsourcing, increase technological advancements, Internet, market growth and in its efforts to increase its number of consumers. and investors. Citigroup also offers foreign currencies in the financial market to local companies and its foreign investors..