Introduction
As a part of our Fb& E course we have to compalsary do a country visit and visiting China & Hong Kong was a part of the course. The trip was for 15 days and I was unable to visit the domestic companies due to an external event of Swayam Club whose prior permission was taken. This visit was undertaken to understand the global scenario for doing business as China is one of the biggest hub for doing business.
Business Environment
China is one of the biggest markets in the world. China’s immense diversity, complexity, variety & immense competitive intensity are unrivalled in the world. China’s historical development, political structure, climate & its foreign relation influence its economy & foreign trade. China’s
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In 1981 the industrial product prices were liberalized & private enterprise was allowed to setup factories in rural areas. In 1984 China allowed of forming of Town Village Enterprise which is a person co-operative in small and medium scale industry engaged in light manufacturing & services. It helped in absorbing surplus labour. It resulted in growth of China. MNC are encouraged to have joint ventures but now even wholly owned MNC’s are also allowed in China. SEZ were stared in China to encourage FDI in Shenzhen, Zhuhai, Shantou & Xiamen.
Details of places visited
Shanghai: Shanghai is the one of the largest city by population in China and the largest city proper in the world. It is province-level municipalities in the People's Republic of China. It is divided into two parts by a river. It is a global city, with effect in commerce, culture, finance, media, fashion, technology, and transport. It is one of the major financial centre and the busiest container port in the world. It is situated in the Yangtze River Delta in East China. Shanghai is famous for Shopping Streets, Skyscrapers, Event Venues, and Clothing & Fashion. Its major exports include Electrical Machinery & Equipment, Woven Apparel, Footwear, and Toys & Sporting Goods. The Key Industries: Textiles, Garments, Footwear, Toys, Crude Oil, Electrical Appliances, Sports. The major items are goods, Telecommunication Equipment, Pharmaceuticals, Steel
On the other hand, knowledge of the political and legal environment of China will be fundamental. Information on their laws and regulations, such as foreign trade policies, product standards, tax laws and requirements, trade barriers, labor laws, etc. are extremely important when assessing China as a potential market for our company. Finally, a thorough research on China’s market conditions, such as potential competitors, market trends, market opportunities and threats, potential risks, unique market characteristics, etc. will be necessary to obtained a complete evaluation of the country before entering the market.
Unfortunately I see this conversation ending with Celeste and Jim both very upset and no solutions to the conflict being discussed. It seems that at the end of this scenario the conflict was beginning to spiral out of control, and communication was shutting down. It will end with Celeste and Jim blowing up at each other and not being willing to understand the others perspective about the situation. They will not talk for a while after this happens and Jim will hire Nikki as he intended to from the beginning. As a negative end to this conflict I see Jim and Celeste looking back over the conflict still trying to defend their position (retrospective goals).
Description: Advanced Placement Chinese Language and Culture (commonly known as AP Chinese Language and Culture or AP Chinese) offers high school students an opportunity to earn credit for Chinese courses at the college level. Like other College Board programs, it is available to anyone worldwide who wishes to participate.
Before our trip, I’m going to make a brief introduction of Shanghai and you may understand why you should visit this city and what you should visit. Shanghai, which is located in the East China on the mouth of Huangpu River, is the largest city of China mainland. It is regarded as a “shopping paradise” in mainland of China; The Bund is a must for visitors to Shanghai; Nanjing Road is regard as “China’s NO.1 Street”, and we can find many century-old shop, where you can enjoy many kinds delicious food; The orient Pearl TV Tower is 468 meters high and we will see a panoramic view of
Since the reform and opening up, the economy of China grows significantly, as an emerging economy, China's economy has made tremendous contributions to the global economy, and Renminbi has become one of the most important currency in the world. According to the survey conducted by China National Bureau of Statistics found that from 1979 to 2012, China has attained an annual average growth rate of 9.8% for its national economy, while the annual average growth of the world economy is only 2.8 % during the same period. In past 30 years, China's GDP surpassed Japan’s, China became the world 's second largest economy, in addition, the huge total volume of trade makes China become the world 's largest trading nation. The contribution of China’s
Today’s China is the most populous country in the world and is so one of the most important political and economical forces in the world.
China considered one of the largest economies in the world, it also has a vast emerging
In the few recent years, China has replaced United State to become the world largest economy. This Economic situation has opened an enormous number of opportunities for most industries to expand their operation from domestic market to international market. Shanghai, which is the China’s largest commercial and industrial city, focuses on 6 major industries which are information technology, automobile, large-scale electromechanical equipment, petrochemicals, heavy manufacturing and biopharmaceutical products (http://en.people.cn/200207/20/eng20020720_100055.shtml). With the virtually unlimited well-educated labour resources and the unique international location, Shanghai is
Ports attract industry and thus development. Larger settlements develop to accommodate the shipping trade like warehousing, processing and commerce. Shanghai is the busiest port in the world and has developed because of this. Due to its excellent port, Shanghai has been a leading power of China's economic and trade development since ancient times. Its economy has increased by over 10% for 15 consecutive years and it accounts for 25% of the total value of China's imports and exports and 12.5% of the total revenue. By being in the coastal zone it has been a beacon for development and it is that has allowed it to gain the position of the third highest GDP in China. Shanghai has and will continue to develop because of its location near the
China’s economical strength comes from its international trades as the economy has grown to a rate of 10.3% in 2010. It has become the world’s largest exporter in the global economy. In the
China has about five thousand years history which is a very long period of time. Also, the Chinese civilization was growing with these periods of time and it will continues greater than ever. Many wars and unhappinesses were happening during this period. Although, the time has passed, the histories and the civilizations have not passed. These family virtues, serious, working attitudes, sense of justice and the great Confucian tradition have been deeply assimilated into the Chinese people. Some Chinese traditions are different from North American’s. The Chinese culture has many special characteristics which are very interesting for people to learn.
When I was on middle school, I spent my holiday vacation with my family to go to China. I went to some part of China such as Beijing, Luoyang, Shanghai and the others, but I only remembered the one in the Beijing mostly. I was really surprised that China got many cultures that I had not known before. These cultures include food, history and some local tradition. In this essay, I will tell my experience in China and some China’s culture that I have gotten in my trip.
I found this article "Foreign direct investment: Companies rush in with the cash" on the financial times website (www.FT.com) published December 11, 2002 written by John Thornhill. The reason for choosing this article is my personal interest in the Chinese economy and its attractiveness to the foreign investors. Apart from the foreign direct investment this topic has also helped me in understanding the impact of Chinese economy on the global market.
The main advantage of doing business in China is the fact that China has emerged as one of the world’s strongest economic forces, driven by the shear number of
China’s accession to the WTO in 2001 has helped shape its economy to becoming a more predictable environment for trade and foreign investment. Corporate governance and frameworks for business operations and interactions have improved, providing a much more transparent environment. (Deckers, 2004)