A responsible internet company should not only use big data, artificial intelligence, 5G, cloud computing, blockchain and other new technologies to lead a new economic model, but also embrace a spirit of humanistic care and goodwill, said Tian Feng, a researcher at the National Institute of Social Development of the Chinese Academy of Social Sciences.
It shall also be a mature company embracing humanistic care and goodwill that actively assumes social responsibilities," said Tian Feng, a researcher at the National Institute of Social Development of the Chinese Academy of Social Sciences.
"In a series of spats including the TikTok case, China has often taken the initiative to make concessions and believed in drawing on the goodwill of negotiation.
For instance, such actions include sustainable shopping, daily goodwill acts like using reusable bags and visiting orphans during free time, as well as taking online courses for self-improvement.
Technological development has expanded the scope and made it a wider greeting practice to deliver goodwill to families, friends and sometimes even colleagues.
In the counterclaim, filed alongside the statement of defense, IBM claimed that "ICL refrained from making certain payments, conducted negotiations in bad faith, and terminated the project unilaterally, in a way that harmed IBM's reputation and goodwill.
Experts believe the CIIE reflects China's goodwill and determination to cooperate with many countries with whom its trade balance is largely in its favor.
“The firm will get a lot of kudos and goodwill from the community and pressure groups who will be delighted to see that an overseas investor is building for local consumption.
- At the 15th Straits Forum on Saturday, Taiwan businesspeople expressed a stronger willingness to do business on the Chinese mainland, as the mainland continues to promote goodwill through economic and cultural exchanges across the Taiwan Strait.
"This familiar Chinese proverb succinctly summarizes the truth that when individuals, communities and nations strive to coexist in harmony and goodwill, humanity benefits at every level.
Brings goodwill to fruition"This year's expo provides an important platform to enhance trade and investment opportunities between ASEAN and China during this crucial time of economic recovery, as well as positively contribute to the longstanding relationship between our two sides," ASEAN Secretary-General Lim Jock Hoi said via video link at the expo's opening ceremony on Friday.
In the eyes of Stella Mackenzie, a senior lecturer of the Faculty of Economics and Business Development at the University of Botswana, those measures are "a reiteration of China's continuation of goodwill and willingness to work hand in hand with the rest of the world in a win-win situation.
The goodwill assumption that commitment means access will greatly stimulate market vitality," said Kuang Xianming, director of the economic research center at the Haikou-based China Institute for Reform and Development, a leading think tank on the nation's reform and opening-up.
"Through participation in this expo, we hope to present more goodwill and actions from Fosun Tourism in bringing more happiness to families worldwide," he added.
Our workers respect their goodwill, so they are careful when they make every part of the casket," said Li Ruqi, founder of the company.
The goodwill move hopes to reduce the cost of restaurants owners in terms of idled labor.
"More than 20 years of engagement in the Japanese market has earned BYD a large number of customers, suppliers, partners and lots of goodwill," noted Liu.
Huang Rihan, executive dean of Beijing-based think tank Digital Economy, said QR codes add to transparency and elevate efficiency and goodwill in city management while helping to boost consumption.
The major drag on earnings was due to large-scale goodwill impairment, and "is closely related to the boom in acquisitions among companies listed on the ChiNext in the 2014-15 period", said Zhang Xia, chief strategy analyst at Shenzhen-based China Merchants Securities.
Goodwill arises from mergers and acquisitions.
When an acquiring company pays more than the fair value of a business being acquired, the excess amount paid is called goodwill and is entered onto the balance sheet as capital.
If the acquired business misses the performance target during this period, the result is the goodwill impairment of the acquirer, which in turn weighs on its earnings.
Potential changes in accounting standards with regard to goodwill in the near future also drove many listed companies to decide to impair their goodwill sharply for the 2018 fiscal year, Zhang added.
"If a listed company leaves a large amount of goodwill on its balance sheet when the new accounting standards take effect, they may stay in the red for several years straight and be forced to delist," Zhang said.
According to Hu Yunlong, investment director of Beijing-based Kaixing Asset Management Co Ltd, the wave of paring goodwill is actually removing a concern that has plagued investors in recent years, and is paving the way for positive market performance.
"For the stocks with a low valuation and sound business operations, the drop in stock price due to goodwill impairment actually means more opportunities than risks," Hu said.
"Goodwill impairment will weigh on listed companies' earnings for the 2018 fiscal year, but makes it easier for them to post performance growth this year," Cao said in a note on Thursday.
Analysts also noted that behind the wave of goodwill impairment could be earnings management behavior.
As of Thursday's close, the Shenzhen Stock Exchange has asked 14 companies listed on the ChiNext board about the rationality of their goodwill impairment this week, according to the exchange's website.