StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

Country Assessment of China - Research Paper Example

Cite this document
Summary
Because of these facts, China is a great place to invest and do business in. Before entering the Chinese market, there are some…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.1% of users find it useful
Country Assessment of China
Read Text Preview

Extract of sample "Country Assessment of China"

Country Assessment of China China is one of the fastest growing economies in the world, and is predicted to become the world’s largest economy sometime over the next century. Because of these facts, China is a great place to invest and do business in. Before entering the Chinese market, there are some issues that need to be considered. This paper will touch on Chinese culture, business management practices, government influence on business, and what a foreign business needs to be a success in China.

The vast majority of Chinese are either Taoist or Buddhist (Kwintessential). There are a number of languages spoken in China, but the two main ones are Mandarin and Cantonese. Because China culture is largely based on Confucianism, Chinese people show great respect for their elders (Kwintessential). Chinese are more of a collectivist society; as such, an individual would sacrifice his or her needs for the group’s objective. Face is very important in Chinese society because no one likes to embarrass their superiors.

Also, most communication in China is done through non-verbal communication (Kwintessential). Body language is just as important as what is spoken. Any overaggressive behavior is likely to be frowned upon as losing control is to lose face. Because Confucian philosophy believes that all relationships are not equal, there are differences in the way the employers and employees should be treated (WorldBusinessCulture). Seniority is very important when it comes to Chinese business management practices; managers demand respect from their employees in the same way that an old person would from a young person.

Business is China is very formal; managers inform their subordinates what task they should be doing, and there are never any complaints from the employees. A manager is like a father figure to his employees (WorldBusinessCulture). The manager expects loyalty and commitment, and in return he will offer support for his employees. Because the Chinese government is Communist, it takes a hard line when it comes to business. This has eased up in recent years as the government has opened up the country to foreign investors.

The Chinese economy could now be thought of as capitalist, even though the government is still Communist. The managers of most large Chinese domestic firms are linked in some way to the ruling Communist Party, and the government often places pressure on businesses to go a certain way (WorldBusinessCulture). Besides this, the United States of America has long held the view that the Chinese government manipulates its currency, the Renminbi or Yuan, so that its export industry remains competitive.

Foreign investors in China can expect plenty of government intervention when it comes to business activities. For a foreign business to become successful in China, it needs to take a lot of time getting to understand the culture first. This will go along way to business success, because relationships are the key to forming good business partnerships. Because China is such a large market, it may help to find a reliable Chinese business partner (Denlinger). Overall, the key to business success in China is to get involved for the long term and remain patient until a business opportunity presents itself.

Works CitedDenlinger, M. Paul. 7 Secrets to Business Success in China. 2003. 30 April 2012 .Kwintessential. China - Language, Culture, Customs and Etiquette. n.d. 30 April 2012 .WorldBusinessCulture. Chinese Management Style. 2012. 30 April 2012 .

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Country Assessment of China Research Paper Example | Topics and Well Written Essays - 500 words”, n.d.)
Country Assessment of China Research Paper Example | Topics and Well Written Essays - 500 words. Retrieved from https://studentshare.org/business/1595688-country-assessment-of-china
(Country Assessment of China Research Paper Example | Topics and Well Written Essays - 500 Words)
Country Assessment of China Research Paper Example | Topics and Well Written Essays - 500 Words. https://studentshare.org/business/1595688-country-assessment-of-china.
“Country Assessment of China Research Paper Example | Topics and Well Written Essays - 500 Words”, n.d. https://studentshare.org/business/1595688-country-assessment-of-china.
  • Cited: 0 times

CHECK THESE SAMPLES OF Country Assessment of China

Risk Assessment for a De Novo Company in a Developing Country

The present paper "Risk Assessment for a De Novo Company in a Developing Country" is an assessment of the building of an automobile parts factory in China.... hellip; The above - mentioned factory is a  joint venture with a regional government in china, which has the opportunity to develop automobiles in one of the fastest-growing automobile markets in the world (People's Daily 2004).... china has been in the joint venture automobile business for only 26 years, from the time that the first Joint Venture law was promulgated by the government....
8 Pages (2000 words) Case Study

Gross Domestic Product and Economic Welfare

Countries like china and India have better GDP rate compared to U.... The recent television reports has shown that the American secret agency has submitted a report to the Bush government that India and china will become super powers within 20 years.... The country with higher GDP rate will be considered as a developing or developed country whereas the countries with low GDP rate as economically poor countries.... Since economy of a country… The standard of living in a country is directly linked with the GDP....
6 Pages (1500 words) Essay

Is the U.S. Seeking to Contain China

to construct an offshore alliance with other military forces in the eastern and southern borders of china such as Japan and South Korea....  This essay discusses that in china and the U....  … An article that appeared in china Daily, by Wang Xiaoxuan, confirmed that the territorial disputes were dangerous and needed prompt action from both parties.... china has also been highly vocal criticizing the U.... nbsp; Such moves are seen as a threat to the security and stability of the region and a deliberate attempt by china to assert its power over its neighbors....
7 Pages (1750 words) Essay

Chinese Environmental Programs

It may be hard to put the entire blame on globalization since corporate forces from… It is also a fact that with its huge population, China has seen extreme environmental degradation due to the industries that came up in the nineteenth century, most of which were internal to In this report we assess the tremendous environmental impact that industrialization has caused in the People's Republic of china and how the Chinese government has concentrated on getting regulations and enforcement in place to reduce the extreme degradation that industries were bringing about in the environment....
5 Pages (1250 words) Essay

International Intercultural Management

Nigeria, Pakistan and china are different in terms of leadership and style of Government in these countries is diverse.... Culture is a strong base of human living and explains the… inct behavior patterns of members of the society, culture differs country to country even society to society, every community has different patterns to follow and their norms, values, and practices are different from the other society. Management of culture has lived since the ncient times, many different matters are in the need to be managed, control of army, population management, religious matters, practices and management of culture across borders is a matter present from thousands of years....
9 Pages (2250 words) Essay

Why Chinese governments stimulate outward FDI

Other data points suggest that the growth of china outward investment was much lower in 2014 than it was speculated in the official data suggested.... china is one of the countries that are practicing the outward foreign investment.... This means… at china is injecting funds into and enterprise that in a different country the text discusses on the main targets of the FDI and the interest of the chine managers.... china is one of the countries that are practicing the outward foreign investment....
2 Pages (500 words) Essay

China in Transition

This essay "China in Transition" discusses some of the transitions that have taken place in China since time immemorial to date that has facilitated the growth of china to the current state.... It is important, though, to differentiate the postmodern assessment of modernity from the pre-modern assessment.... The pre-modern, or Idealistic, assessment of modernity concentrated on modernization as such and founded itself on a serene past, normally with right-wing political implications....
6 Pages (1500 words) Essay

Policy Trends of Strategic Environmental Assessment in Asia

These countries include china, Hong Kong, and South Korea among others.... When putting up structures in china, SEA policies should be followed from the sector to national levels.... The enactment of the implementation of SEA into law is a good platform in the progress of environmental protection in china.... However, some problems affect SEA implementation in china.... The public's participation in china has been restricted to a chosen few; this is a derailing factor (Zhou, Tan, Wu & Chang 2005)....
6 Pages (1500 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us