CASE STUDY CHINA- Legal Growing Pains in a land of Opportunity The People’s Republic of China (PRC) commonly known as China‚ is the most populous state in the world with over 1.3 billion people. China is a single-party state governed by the Communist Party of China (CPC). Its capital city is Beijing. The People’s Republic of China is the world’s second largest economy after the United States by purchasing power parity($9.05 trillion in 2009) and the world’s fastest-growing major economy‚ with
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Chinese Business Etiquette Having been born to Chinese parents and having a relatively strong grasp of the Chinese language‚ my expectations were that I would easily integrate into its business culture during my first business trip there. However I quickly discovered that my understanding of its business etiquette was severely limited when the client visited rejected all of our proposals and signed with a local bank. After consulting with a local friend‚ the realization that mianzi (face)
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2. “Chinese investments and business interests are now to be found all across Africa” (Commission for Africa‚ 2005). Why have Chinese companies found the emerging markets of Africa less risky and a more attractive proposition than western multinationals? Africa is the second largest continent in the world‚ lack of rules‚ poverty‚ and corruption are the basic characteristics of this huge continent. However‚ a market with a very high amount of resources such as natural gas‚ raw materials‚ and oil
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Doing Business in China- A Legal Perspective [pic] [pic][pic] Introduction One of the oldest legal systems in the world is Chinese law. The Chinese Legal system is made up of Confucianism and Legalism. Confucianism is based on the Confucian philosophy of social control and moral education‚ and legalism based on codified law and criminal sanction. Since the 20th-21st century Chinese law became a mix of both traditional Chinese and western approaches. Even till this day
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INTERNATIONAL BUSINESS CASE STUDY INTERNATIONAL BUSINESS CASE STUDY: CHINA Preston Miles Global Business-001 Dr. Patt. Burusnukul Abstract China is one of the oldest civilizations dating back over 10‚000 years. The history of China is exciting and as diverse as the topography of this region. From the peaks of the Himalayas to the scenic beaches of Yalong Bay. China has scenic and agricultural areas. China has the highest population and the fourth largest land area in the world. Caterpillar
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China and US Cultural Differences China and US Cultural Differences Introduction With more than six billion people in the world is not difficult to realize that there are many different cultures and belief systems around the world that differ from the one we live in here in the US. There are countries that are governed by kings; there are others that are governed by religion‚ and others that are governed by republics. There are many different ways in which to prove that the world is not the same
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limit. Some cross-cultural differences will not disappear so easily and managers will have to understand and appreciate these cultural oddities’ if they wish to run a successful business. Let us take China and France as examples of two very different countries that may have cross-cultural problems while doing business. First we will give a general overview of the two countries and then discuss some management practices that may vary between these eastern and western cultures. General Overview:
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Developing E-Business in China 1. Introduction It is widely accepted that the 21st century is the Online Information Age - 17-years after its introduction in China in early 1994. As a main branch of the Internet‚ e-business has played an important role since 1997. Although it was a slightly late start for the Internet‚ the first decade of the 21st century has witnessed a flourish of e-business. As a new stage of commerce‚ e-business has had a great impact on the economic development‚ it dramatically
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Economics in China Before the Chinese Communists Party (CCP) came to China to gain the power control of the country‚ the economics of China was mainly based on agriculture for many centuries. The economy of China could not be separated from Mao. Mao was the chairman of CCP in China from the year 1943 to 1976. Mao was calles as Chairman Mao or The Great Leader Chairman Mao. During the Mao period‚ most of the Chinese citizens were poor people except for the political elite people in China. During the
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states that the law forces companies to treat one class of lawfully married employees differently than another. The motive behind this reason is that people want to work in companies and firms that are diverse in nature and that embrace all types of culture‚ religion‚ race‚ ethnicity etc. Therefore‚ sexual orientation could cost these firms the skill and the manpower and resources that they need. On the reverse side‚ the main motives perhaps are the expenses that these firms encounter with having the
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