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Please review those ways in which you believe Citigroup has displayed adaptability in its attempt to expand operations in China and those ways in which you believe that hasn't displayed adaptability.

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Citigroup is an excellent example of an organization that has displayed environmental adaptability. However, the environment in China is unique. Please review the pros/cons on whether Citigroup has displayed adaptability in its attempt to exapnd operations in China. Please review those ways in which you believe Citigroup has displayed adaptability in its attempt to expand operations in China and those ways in which you believe that haven't displayed adaptability.

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"As soon as the WTO comes off, then there's obviously an opportunity to buy into more of these financial institutions."Rhodes said later that Citigroup was also..."

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Citigroup is an excellent example of an organization that has displayed environmental adaptability. However, the environment in China is unique. Please review the pros/cons on whether Citigroup has displayed adaptability in its attempt to exapnd operations in China. Please review those ways in which you believe Citigroup has displayed adaptability in its attempt to expand operations in China and those ways in which you believe that haven't displayed adaptability.

THE WAYS IN WHICH CITIGROUP HAS DISPLAYED ADAPTIBILITY
Today Citigroup is the premier foreign bank operating in China. It offers the broadest product range of any foreign bank in China and has the largest network among the US banks. Citigroup currently operates five branches, Beijing, Tianjin, Shanghai Pudong, Guangzhou and Shenzhen, a sub-branch in Shanghai Puxi, and two representative offices in Xiamen and Chengdu. As part of a worldwide network, Citigroup is the most global of all foreign banks in China. Citigroup's China operation serves a broad base of customers including multinationals, joint ventures, local enterprises and residents. Its business by product covers a wide spectrum of commercial and merchant banking activities.

Citigroup, the world's largest financial services firm, expects to wrap up talks within months to raise its stake to nearly a fifth in China's Pudong Development Bank.
Citigroup wants to quadruple its stake in Pudong Bank to 19.9 percent as rivals, including HSBC Holdings Plc. and Bank of America, move to pay billions of dollars for slices of Chinese banks.If successful, the investment could cost Citigroup as much as 5 billion yuan -- based on Pudong Bank's public share price -- though foreign investors often secure a steep discount. It would expand its ...

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