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Doing Business in China

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Deliverable Length: 3-5 pages
Details: Long-term investment projects require a thorough understanding of all attributes of doing business in that country, including import/export restrictions, labor relations, supplier financing, tax rules, depreciation schedules, currency properties and restrictions, and sources of short-term and long-term debt, to name a few. China is currently the focus of investment and market penetration strategies of multinational firms worldwide including Acme. Your supervisor has asked you to gather information on some of these factors that your company or any MNE would want to consider when doing business in China. (This is the primary focus of this assignment.)

As you begin your research, you realize your company would make a significant profit from doing business in China. You also discover that policies on employee welfare, labor relations, etc. are the antithesis of what your CEO firmly believes. Do you include this information in your report, or just provide the strategic information you were asked to gather? (Please respond to this ethics question in a paragraph or two).

Use the Library and other Internet sources (you might start with the web sites listed here), to collect the information.

Extract from Guide to Doing Business in China http://info.hktdc.com/chinaguide/
China Business Etiquette http://www.cyborlink.com/besite/china.htm

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Response provide some guidelines of doing Business in China

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Details: Long-term investment projects require a thorough understanding of all attributes of doing business in that country, including import/export restrictions, labor relations, supplier financing, tax rules, depreciation schedules, currency properties and restrictions, and sources of short-term and long-term debt, to name a few. China is currently the focus of investment and market penetration strategies of multinational firms worldwide including Acme. Your supervisor has asked you to gather information on some of these factors that your company or any MNE would want to consider when doing business in China. (This is the primary focus of this assignment.)

As you begin your research, you realize your company would make a significant profit from doing business in China. You also discover that policies on employee welfare, labor relations, etc. are the antithesis of what your CEO firmly believes. Do you include this information in your report, or just provide the strategic information you were asked to gather? (Please respond to this ethics question in a paragraph or two).

Use the Library and other Internet sources (you might start with the web sites listed here), to collect the information.

Extract from Guide to Doing Business in China http://info.hktdc.com/chinaguide/
China Business Etiquette http://www.cyborlink.com/besite/china.htm

About China
As per cia.com, China in 2008 is the second-largest economy in the world on the purchasing power parity (PPP) basis. Its estimated GDP in 2008 is $7.8 trillion. Annual inflows of foreign direct investment in 2007 rose to nearly $84 billion. By the end of 2007, nearly 7,000 domestic Chinese enterprises had made an aggregate $118 billion in direct investments in 173 countries and regions around the world. Hence China has become one of the world's most powerful economies.

Chinese Society & Culture
As per kwintessential, the concept of 'face' is important in Chinese culture. The face means 'respect' and it is critical to avoid losing face or causing the loss of face at all times. Chinese believe in Confucianism, which is a system of behaviors and ethics that stress the obligations of people towards one another based upon their relationship. Confucianism stresses duty, sincerity, loyalty, honor, respect for age and seniority.
Collectivism vs. Individualism
Chinese represents collective society and respect group relations. They are willing to suppress their own feelings for the good of the group.
Non-Verbal Communication
Chinese heavily use non-verbal communication and rely on facial expression, tone of voice and posture to tell them what ...

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