The Economic Economy Of China

The following examines the nation of China and its trade relations with the world, particularly the United States. The focus is primarily on China’s culture and how it impacts business dealings with other countries. Areas examined include: Religion, Management Philosophy, and Business Etiquette. Also discussed is China’s growing status as a world super power and how that has impacted the global business landscape. Likewise, various trading partners are examined and the effects of doing business with China, specifically for the United States. Points of concern for the United States are things such as the

Several scientific and economical things contributed to the urban life in Song China. However, before the Song Dynasty could flourish as whole, the first Song emperor Song Taizu defeated warlords and consolidated Song control throughout China (Pg. 219). It can also be compared to the economy in present day china. Song China improved in science with these several inventions: Gunpowder, Paper Money + Credit, Trade, Fast ripening rice, and how urban life in Song China shapes today’s economy in china. These inventions led to the growth in economy and prosperity in urban china.

There have been recent concerns about the United States’ involvement with China’s economic rise. A concern about China’s growth surpassing the United States in economic size within the decade and regulating purchases of power. China’s economy grew in 1979 upon opening to foreign trade, investment and a free market. The increase of China's economy caused the gross domestic product to grow in 2016 by ten percent. China soon had the lead in being the largest economic manufacture, merchandise exporter and importer and holder of foreign exchange reserves. Their control as one of the largest economies encouraged the United States to have commercial ties with them. China's huge influence made it the United States’ second largest trading partner,

Prior to the 16th century rise of silver, globalization and extensive nature modification, both hallmarks of the capitalistic Anthropocene, were handcuffed from two separate angles. China, an essential element to any type of globalization movement, had long been unwilling to trade with their European counterparts. Focused on self-sufficiency, western products were viewed as wholly unnecessary to Chinas continued success. At the same time, a lack of physical capital, to ensure and secure debts, bonds, and payments were restricting long distance, trade partnerships within Europe. However, silver’s rapid emergence onto the global stage in the 16th and 17th century quickly dismantled these constraints to capitalism. In China, an unstable 16th

Two Years after the death of Mao Zedong in 1976, it became apparent to many of China's leaders that Economic reform was necessary. By 1978 " Chinese leaders were searching for a solution to serious economic problems produced by Hua Guofeng, the man who had succeeded Mao Zedong as CCP leader after Mao's death" (Shirk 35). As Susan L. Shirk describes the situation in The Political Logic of Economic Reform in China, restoring the CCP's prestige required improving economic performance and raising living standards. After the communist take over the country, Mao contained his emphasis on moral force by demanding that Chinese citizens demonstrate what he referred as "correct consciousness".

China’s recent rapid economic growth has astounded countries around the world, including the U.S. Domestic policies that improved incentives for economic competitiveness were one of the main reasons that China was so successful in increasing its Gross Domestic Product (GDP). “The combination of Chinese land and labor with the capital and expertise of Taiwan and Hong Kong industrialists provided a particularly important boost to exports and employment during the first decade of reform.” China attracted investments from multi-national corporations, which further contributed to China’s revival as a great trading nation.

Coming out of a lackluster 2015, GDP growth slowed to 1.5%. Confidence of investors and consumers was unable to make significant gains as a result of the Presidential election and global uncertainty. The outcome of the 2016 election had a great affect on the US economy and the fiscal and monetary policies that could be put in place. Uncertainty over taxes, regulations, and trade following the election have led to a slowdown of growth.

On the year of 1978, China was one of the poorest states at the global stage. During that time, China’s true per capita GDP was just one-tenth of the Brazilian grade and one-fourtieth tha United State of America grade. The following time, the true per capita GDP in China has grown to more than eight percent (8%) as an everage level in every year. The result from that increasing, has made China today holding the true per capita GDP at the same grade as Brazil and merely one-fifth of the United State of America grade. Nowadays, China become the second-largest economy at the global stage because of the fastest and perpetuated development in standard of living has made in a state with exceeding twenty percent (20%) of the globe’s population. However, China’s economic transformation is said has no historical law in the angle of steps and scale (Xiaodong, 2012, p. 103).

With China emerging as a global power in business within the last decade, knowing about doing business in China has become more important than ever. There are both many advantanges and challenges with doing business in China in this modern era, and understanding both sides of this coin is the key to being successful in China. Some aspects to keep in mind include the cultural barrier, the price of the work force in China compared to the United States, and have the “made in China” brand be accepted back in the United States.

The current state of the Chinese economic system has drawn international attention and praise due to its overwhelmingly positive statistical growth. This growth, according to the nation’s leader, stems from what its government calls strides toward common prosperity. As of 2013, China’s leaders proclaim to be moving toward a state of theoretical consciousness. In China, consistency and persistence is promoted over spontaneity within the confines of a sound economic structure, which has created a fertile ground for socialism to grow. A recent documentary composed by a conglomerate of media outlets, depicts the current economic landscape of China. Its story unravels to present the growing city of Shanghai as progressive, oppressive, and modern; yet, its growth has been rooted in older communist practices, given to much economic success and an uncertain future (“City of Dreams”). The changes that have taken place in modern China since the late 1970’s has grown its economy to unprecedented ends, and by unprecedented means. The transformation into an industrialized capitalistic society has catapulted its development into an uncharted realm, prompting much discussion on its future impact on the world at large. In the following report, we will examine China’s economical changes in three decades, encompassing three distinct phases of economic reform: recovery, establishment, and improvement.

In order to maintain a competitive edge, companies must consider expanding and entering into new international markets. China is one of the largest and wealthiest markets that companies must consider. While China’s large, booming market is attractive for companies looking to expand, the risks in China are large as well. Companies not only have to analyze bottom line figures, but they must also analyze are the barriers of culture, political views, and the ethics and morals of their company.

China is considered the second largest economy in the world. During the past two years, this country has faced a number of both positive and

This essay will mainly talk about an article taken from The Australian titled, “Companies don’t understand China, says KPMG”. The main challenge faced by Australia in doing business with China is the cultural barrier, particularly the language difference. Additionally, Australia also has limited experience with and information on Chinese business customs, in comparison with other countries. Besides analysing the issues highlighted in the article, factors that also led to these issues will also be discussed. This essay will link some relevant theories learned from International Management subjects, such as Cross-Cultural Communications, Managing across Culture, and Conflicts of Cross-Cultural Communications. Strategies such as learning Chinese language and culture, joining the KPMG China Confidence program and increasing awareness of the ways China prefers to conduct business will also be discussed. In the last section of this essay, conclusion will be given.

China’s economic and technological development can be illustrated and presented exponentially. It is among the countries that has modern housing, cars, communication gadgets, fashion and medicine. However, this development also describes the progressive growth of hard drug usage and addiction. In a span of approximately 25 years, the presence of narcotics and illegal drugs was unheard of but today, the Chinese society and the government departments are grappling with the increasing use of drug addiction, trafficking and consumption. With more porous borders, increased disposable income and increased economic freedoms, drug

Since initiating market reforms in 1978, China has experienced enormous and rapid economic growth, become one of the world’s largest economies. The seeds of this rapid economic growth were planted in 1978 when the Chinese Communist Party started to introduce capitalist market principles. This was done by moving from a centrally planned to a market based economy. The shift away from traditional Marxist policy created a scarcely concealed capitalist culture in China masked by a communist facade. One can argue that with wealth comes a much higher level of education. The economic development in China has created a society that is better educated and paid. Citizens are developing much more politicized views and are more actively expressing their opinions. If the economic inequality caused by their current specialized private sector continues to grow, the citizens, now increasingly aware of their rights, will be less likely to accept the domination of the state. Finally, due to the internet, the nationalism that has historically helped Communism to remain the dominant ideology in China is decreasing. Younger generations are experiencing a culture shift that favours a more democratic lifestyle. Globalization and the growing entry into foreign markets will create pressure for China to abandon their communist political self-identity, transitioning instead towards democracy.