Doing Business in China
Invest in China
Prepared By:
Muhammad Asyraf Bin Zabani 2011743015
Sapizi Bin Salleh 2011187853
Nasnoor Zulfadli Bin Mohd Nasiruddin 2011949597
Jonathan Anak Joji 2011305087
Azfar Zulhakim Azland 2011795695
Prepared For:
Shamsul Baharin Saihani, Lecturer of International Management.
Table of Contents
Title | Page Number | Introduction | 3 – 4 | Economic Issues | 5 – 6 | Political Issues | 7 | Cultural Issues | 8 – 9 | Negotiation Process | 10 | Business Ethics | 11 – 12 | Conclusion | 13 |
Introduction
China is an evolving economy that offers lot of market prospects for foreign venture. It is an independent country located in East Asia. Currently China is the world's most populous country, with its population of over 1.35 billion. China’s land size is approximately 9.6 million square kilometers and it is the world's second-largest country after Russia.
In contemporary eras, China plays an important role in calling for free trade areas in the Asia Pacific Region. China proposed a new East Asia Summit (EAS) framework as a forum for regional security issues in 2004. The EAS, which includes ASEAN along with India, Australia and New Zealand, held its first summit in the year 2005.
Since 1978 with the introduction of economic transformations, China today has turn out to be the world's rapid-growing key economy. China is the world's second-largest economy together in term of its nominal total GDP and purchasing power parity. As of 2013, China ranked at number 91 at ‘Doing Business’ provided by the World Bank. Its GDP per capita currently stands at $6,075, while the total GDP sums up at $12.405 trillion.
Although the country has a huge potential for economic progression offering access to a huge market and significant savings in labor costs, cautiousness must be used due to differences in the political and cultural environment that create risk and pose uncertainty for foreign investors.
In addition, China is
Prepared By:
Muhammad Asyraf Bin Zabani 2011743015
Sapizi Bin Salleh 2011187853
Nasnoor Zulfadli Bin Mohd Nasiruddin 2011949597
Jonathan Anak Joji 2011305087
Azfar Zulhakim Azland 2011795695
Prepared For:
Shamsul Baharin Saihani, Lecturer of International Management.
Table of Contents
Title | Page Number | Introduction | 3 – 4 | Economic Issues | 5 – 6 | Political Issues | 7 | Cultural Issues | 8 – 9 | Negotiation Process | 10 | Business Ethics | 11 – 12 | Conclusion | 13 |
Introduction
China is an evolving economy that offers lot of market prospects for foreign venture. It is an independent country located in East Asia. Currently China is the world's most populous country, with its population of over 1.35 billion. China’s land size is approximately 9.6 million square kilometers and it is the world's second-largest country after Russia.
In contemporary eras, China plays an important role in calling for free trade areas in the Asia Pacific Region. China proposed a new East Asia Summit (EAS) framework as a forum for regional security issues in 2004. The EAS, which includes ASEAN along with India, Australia and New Zealand, held its first summit in the year 2005.
Since 1978 with the introduction of economic transformations, China today has turn out to be the world's rapid-growing key economy. China is the world's second-largest economy together in term of its nominal total GDP and purchasing power parity. As of 2013, China ranked at number 91 at ‘Doing Business’ provided by the World Bank. Its GDP per capita currently stands at $6,075, while the total GDP sums up at $12.405 trillion.
Although the country has a huge potential for economic progression offering access to a huge market and significant savings in labor costs, cautiousness must be used due to differences in the political and cultural environment that create risk and pose uncertainty for foreign investors.
In addition, China is