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Subject: Opportunities to Improve International Business in China - Research Paper Example

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MEMO To: President C&C Industries From: Date: 24th January 2011 Re: Opportunities to Improve Business Prospects - In response to your recent announcement about the exciting new venture that C&C Industries are starting in China, I am writing with a few initial thoughts on the local business conditions there…
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Subject: Opportunities to Improve International Business in China

Download file to see previous pages... The repressive regime of the communist Cultural Revolution in the mid-1960s to mid-1970s, and the political unrest that we all saw in the Tiananmen square incident in 1989, are indications that there have been some major social issues in recent years. This has now been replaced by a much more open style of government. China is eager to join the rest of the world, in joint business ventures and the prospects for our company are very good. It is reported that the private sector now accounts for around 65% of Gross Domestic Product and 70% of tax revenues. This compares with only 20% of GDP in the late 1990s. (source: http://factsanddetails.com/china.php?itemid=355 ) These upwards trends are continuing, and all the predictions are that China will increase its growth in the near future. There are, however, some risks with doing business in China, for example in the area of contracts, law enforcement and civil liberties. China has very different ideas about privacy and access to information, including things we take for granted like telephone and internet. ...Download file to see next pagesRead More
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