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

Understanding China and its Society, Business and Economics, Culture and Languages - Essay Example

Cite this document
Summary
This essay aims to provide a succinct, but informative review of political order in China and current tendencies in the socio-economic environment of the country. China is the second largest economy worldwide going by GDP. It is also the largest importer and the largest exporter of goods globally…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER94.4% of users find it useful
Understanding China and its Society, Business and Economics, Culture and Languages
Read Text Preview

Extract of sample "Understanding China and its Society, Business and Economics, Culture and Languages"

? Business Essay: Understanding China and its Society, Business and Economics, Culture and Languages Understanding China and its Society The People’s Republic of China is one of oldest civilizations worldwide. Located in the Eastern Asia, the country has accomplished remarkable success in various aspects of civilization, growth and development. With a population of over 1.3 billion people, the country that borders India, Afghanistan, Nepal, Kazakhstan, North Korea, Pakistan, Russia, and Vietnam among others is one of the fastest growing economies globally (Chow 2010). The country’s capital is Beijing. Although Beijing is among the world’s most populous cities, Shanghai remains the largest city in China going by its population. The Asian country is rich in culture and language owing to diverse nature of tribes and communities occupying the world’s most populous nation. According to the World Bank, the People’s Republic of China is the second largest economy worldwide going by its GDP. In 2012, the country’s GDP stood at $7 trillion. It is the largest importer and the largest exporter of goods globally (Chow 2010). The country imports commodities such as mineral fuels, metal ores, plastics, oil, and medical and optical equipment. It also exports textile, apparel, steel, iron, machinery, and electrical equipment. Countries such as Germany, South Korea, Japan, Taiwan, USA, and Hong Kong are the main trading partners. The government recognizes Chinese Communist Party (the ruling party) as atheist organization (Chow 2010). However, China’s constitution acknowledges freedom of religion to all natives and foreigners living in the country. The government only permits people to practice one of the officially recognized religions that include Islam, Taoism, Buddhism, Catholicism, and Protestantism. China’s main religious organizations are Taoism and Buddhism. The people consider Taoism as the folk history considering its long history among societies and ethnic groups in the country. The literacy rate of the country stands at 92.2 percent according to the World Bank report released in 2012 (Chow 2010). Business and Economics China is among few Asian nations with promising economies with large amounts of imports and exports. It is among the fastest growing economies in the continent, which include Japan, South Korea and North Korea (Chow 2010). Despite the global crisis that has hampered business activities among nations, the Republic of China is determined to craft trading partnerships with countries such as Japan, USA, Germany, Hong Kong, and Taiwan among other countries in Asia, Europe and North America. China has expanded its business quest by forging trade agreements with a number of countries in Africa (Chow 2010). Such partnerships have boosted its balance of payment. New markets in Africa, Europe and America have created more space for the rapidly growing industries in China to export the finished products to various destinations around the world. Apparently, China’s economy has recorded remarkable performance for the last three decades with manufacturing and service industries accounting for the biggest percentage of exports. This has influenced the country’s GDP in positive direction (Chow 2010). Over 500 million Chinese can now afford decent living following various initiative of the government to lift citizens from poverty. Chances are high that China might emerge as the leading economy of the world by 2030 notwithstanding challenges regarding controlling its huge population (Lin 2012). It has the potential to become a modern, creative and high-income society. It is yet to implement strategies that will ensure it achieve its business and economic ambitions. As far as the country’s future prospects in business are concerned, China has the potential to turnaround it technological progresses to achieve greater development (Lin 2012). Apparently, China has a huge human resource base which key to growth and development of industries of various sectors of the economy. It is high time China shifted its business strategies by investing ore of its resources in the development of services sector while minimizing its capital investments in the manufacturing and agricultural sectors of economy (Lin 2012). The official currency of the People’s Republic of China is renminbi. The primary unit of renminbi is Yuan. Yuan further divided into smaller units of 10 jiao (Kane 2006). The jiao is further divided into 10 fen. China started out its development plan in the late 1970s by initiating a policy that encouraged foreign investment. Since the beginning of 1979, the country has shifted its focus to active participation in the global business environment (Kane 2006). For many years, the country has spent resources to modernize its legal, political, social, and economic institutions. In effect, the country has acquired positive following its entry in the Globe Trade Organizations (2001). Since then, the country has attained substantial expansion levels. The country’s exports have increased considerably hitting a record US $ 762.7 billion in 2005. In addition, China has emerged as the second largest recipient of Foreign Direct Investment (FDI) after America (Kane 2006). Today, the country’s economy has a greater potential to change the future prospects of the continent and the world at large. The business culture of the country alongside the goodwill from its huge labor force has been instrumental to propelling the country to greater heights of development (Dudbridge 2002). According to the World Bank, China is the second largest economy considering its GDP. It is also the second largest importer and largest exporter of commodities globally. For instance, the country exports textiles, apparel, steel, iron, machinery and electrical devices. Key imports include mineral fuels, oil, medical equipment, plastics, and metal ores (Dudbridge 2002). Culture and Language The government recognizes the ruling party as atheist organization. However, China’s constitution acknowledges freedom of religion to all natives and foreigners living in the country. The government only permits people to practice one of the officially recognized religions that include Islam, Taoism, Buddhism, Catholicism, and Protestantism. China’s main religious organizations are Taoism and Buddhism (Lin 2012). The country consists of 56 distinctive ethnic groups. Considering the numbers, Han Chinese is the dominant group. China’s social values originate from the Taoism and Confucianism beliefs and practices. According to the CIA world book, the total GDP as of 2009 was $7.8 trillion. The economy has continued to grow over the years. With its huge population, the country does not recognize personal space that has been a common trend in many other countries around the world (Lin 2012). China has eight different styles of food due to considerable differences in terms of geographic and culture. The styles of food include Sichuan (Western China), Shandong (Northern China), Cantonese (Southern China) and Huaiyang Cuisine (Eastern China). The country has nationwide education system comprising primary, lower and upper middle schools, and public as well as private universities (Choi 2005). The republic is famous for its wide range of instrumental music. Bamboo pipes and gin are the oldest known instruments. The process of splitting modern dialects started over 1,000 years ago. The communist party and the government encourage citizens to use Mandarin Chinese (language). Over 20 percent of the population today study English. The majority of the Chinese use languages, which are mutually unintelligible (Choi 2005). References Choi, A. S. C. (2005). Chinese language: A short course. Bloomington, Ind: AuthorHouse. Chow, G. C. (2010). Interpreting China's economy. Singapore: World Scientific. Dudbridge, G. (2002). Religious experience and lay society in T'ang China: A reading of Tai Fu's 'Kuang-i chi'. Cambridge: Cambridge University Press. Kane, D. (2006). The Chinese language: Its history and current usage. Tokyo: Tuttle Pub. Lin, J. Y. (2012). Demystifying the Chinese economy. Cambridge: Cambridge University Press. Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Understanding China and its Society, Business and Economics, Culture Essay”, n.d.)
Retrieved from https://studentshare.org/business/1476680-understanding-china-and-its-society-business-and-economics-culture-and-languages
(Understanding China and Its Society, Business and Economics, Culture Essay)
https://studentshare.org/business/1476680-understanding-china-and-its-society-business-and-economics-culture-and-languages.
“Understanding China and Its Society, Business and Economics, Culture Essay”, n.d. https://studentshare.org/business/1476680-understanding-china-and-its-society-business-and-economics-culture-and-languages.
  • Cited: 0 times

CHECK THESE SAMPLES OF Understanding China and its Society, Business and Economics, Culture and Languages

Relationship between Organizational Culture, Leadership Behaviour and Job Satisfaction

Cultural Differences and People Management Table of Contents Approaches to Research 3 A Glimpse of Chinese Culture 6 Relationship between culture and Leadership 7 Management Development and Cultural Difference 10 The lecturer's brief introduction, upon the module concerning cultural differences and people management, strongly motivated me to follow and indulge into my present and future career prospects gaining a deep understanding regarding my cultural background.... hellip; The four teaching modules which I felt to be the strongest motivators in this course were ‘approaches to research', ‘a glimpse of Chinese culture', ‘difference between culture and leadership' as well as ‘management development and cultural difference'....
12 Pages (3000 words) Essay

Cultural Sensitivity in China

When doing an advertisement, it is necessary to understand their culture and languages to avoid misconception of the original idea intended or annoy the audience instead.... The language should be easy to comprehend, easy to relate to their culture and should be attractive to woo clients from diverse social settings.... This comprehensive understanding of the Chinese history of automobiles and its current state will contribute to the larger automobile image of China as perceived by foreigners and this will assist company A to design appropriate adverts and formulate a proper marketing plan to propagate the media campaign....
4 Pages (1000 words) Assignment

Cross Culture Management

We propose to discuss in this paper the statement that 'national culture is of virtually no significance in relation to the communication skills needed by the modern international manager'.... If so, he might be carrying with him the baggage both of his 'national culture' and his 'corporate culture', and he would come into contact, in his new job, with the 'national culture' of the country in which the foreign branch of his company is located....
14 Pages (3500 words) Essay

International Business: Cultural Issues

The author states that culture, a society's programming of the mind, has both a pervasive on each national market environment.... Global marketers must recognize the influence of culture in all aspects of Chinese life including work habits and consumption of products, before planning their ventures.... nbsp; culture is the mix of behaviors, thoughts, beliefs, symbols, and artifacts that are conveyed to people throughout an organization over time....
11 Pages (2750 words) Term Paper

Cross-Cultural Business Expansion Management

The two countries where we can expand our business have been identified as china and Canada.... Culturally, Canada is a bilingual country since a significant population speaks French therefore both French and English are official languages (Statistics Canada, 2007).... The goal of the present research "Cross-Cultural Business Expansion Management" is to conduct an in-depth culture analysis in order to manage the business expansion into other cultural regions....
8 Pages (2000 words) Essay

UchinaGuchi Preservation as a Viable Language

This, according to many individuals, may seem a healthy and desirable multitude, but it turns out that only five of the several languages are the ones spoken by many.... hellip; These, together with other hundred most popular languages, constitute 95% of the world speakers.... This implies that a mere 5% of the This statistics has left many researchers across the globe active on the possibility of some of the languages becoming extinct.... Extinction of languages is a threat to any society that uses or which the language belongs to....
10 Pages (2500 words) Research Paper

Global Business Analysis: Japan

This research paper presents the analysis of the factors that an American company should consider while establishing business units in Japan, a country which has diverse culture and politics compared to that in America and was reluctant in embracing globalization.... Japan has a unique business culture which is still relevant in the business world.... culture plays a vital role in the success and failures of business.... The research paper "Global business Analysis: Japan" talks about the factors that are needed to be considered while establishing business units in Japan....
15 Pages (3750 words) Research Paper

National Culture, Business Culture, and Management Practices

This paper "National culture, Business culture, and Management Practices" focuses on the fact that to successfully develop an environment which fosters free enterprise, it is critical that the political structure of the country is developed to favour the business environment.... In the case of China, where policy control is still in the hands of a government, its economy was only able to grow when it actually started to loosen control over the affairs of the economy....
20 Pages (5000 words) Assignment
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