ELTC

Contents

List of Illustrations

Figure 1: UK and China fundamental information...….................................…..3
Figure 2: Etiquette Compared with UK and China………...............…………….5
Figure 3: UK GDP Growth, quarter on previous quarter............…………...…...9
Figure 4: Currency…………………………………….............................………10
Figure 5: The National Minimum Wage………………….................................10

The Business Culture Profile of UK
Introduction

Along with the development of Chinese economy, more and more Chinese businessmen are supported to do foreign trade by the government. According to Chinese statistics, in the year of 2012, the volume of goods trading was $63.1 billion between China and UK, up 7.5% compared with 2011, and the growth was in the first place between China and the European Union (Zhang, 2013). Therefore, introducing two different countries’ business culture is necessary to connect with each economy entity. This report will show you a business culture profile for a Chinese business person intending to do business in the UK, which includes fundamental information, language, etiquette and PESTLE. This information will be helpful to comprehend UK business culture and to open up new market area for Chinese businessmen.

1. Background information

Figure 1: UK and China fundamental information

Country
UK
China
Capital
London
Beijing
Climate
Temperate sea climate
(met office, 2013)
Continental climate
Population
63,182,000 (ONS Data Visualisation Centre, 2013)
1,358,457,394
(China Popin, 2013)
Time
later 8 hours than Beijing time
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Currency
£1=￥9.51623
(XE, 2013)
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Implication: Looking at this table, the Chinese business people need to adjust themselves to London time, and do business indoors in case it rains. Also, It is worthy and convenient to have pounds in exchange for RMB before traveling abroad.

2.Language:

Firstly, we know that English formation came about in

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