Pestel Analysis China

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Political Factors Government type: Nominally Marxist-Leninist single party state. The people’s republic of China is a single party state governed by the communist party of China. President : Hu Jintao Prime Minister: Wen Jiabau Independence: 1, October 1949 ( People’s republic of China) Constitutional system China or People Republic of China adopts socialist system or communism in their political system in their decision-making process in governing the country. The country’s sole political party in power is known as communist party of China. The government have the sole power to control all activities done by their citizen as what have been describe in how communism system worked in governing a country . In other words, the purpose…show more content…
While the average years of schooling is 11.2 year. Education expenditure in China is about 1.9% of the GDP Labour freedom ranks China’s labour regulations hinder overall employment and productivity growth. The non-salary cost of employing worker is high. Freedom of corruption Corruption is perceived as widespread. China ranks 72nd out of 179 countries in transparency international’s corruption perceptions index for 2008. Corruption affects banking, finance, government procurement, and construction most severely, and there is a lack of indepenant investigate bodies and courts. Property Rights China’s judicial system is weak, and many companies resort of arbitration. Local officials can ignore the court decision with impunity. All the land is state owned, but individuls, may own and transfer long term leases as well as structures and personal property. Technological factors Science and Technology Through the period, the achievement of science and technology in China are remarkable where they manage to achieve many discoveries in the science field. The major achievements are the discovery of the Daqing Oil
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