Chinese Business Practices Analytical Essay by Master Researcher

Chinese Business Practices
An analysis of Chinese business companies' practices, customs and attitudes.
# 44176 | 719 words | 2 sources | APA | 2002 | US
Published on Oct 28, 2003 in Business (International) , Asian Studies (General)


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Description:

This paper identifies how companies in China interact with competitors, alliances and their government and relate to monopoly, price fixation and other business practices, protocols, and customs. The paper shows how Chinese businesses are based upon customs and traditions such as government control and relationship-based business alliances. The paper notes, however, that there is a growing appreciation in Chinese business and government of the benefits of a less restricted economy.

From the Paper:

"In order to understand how companies in the People's Republic of China interact with competitors, alliances, and the government, an awareness of Chinese tradition and culture is vital. But it is equally important to realize that China has the seventh largest economy and the youngest population in all of Asia. Chinese business management is influenced by the dynamics of these factors.
"In addition to this, business in China is also conducted in reference to the fact that the total value of Chinese goods and services has been growing at a double digit rate for more than twenty years. According to Seligman (1999) although growth figures are now in the single digits, the World Bank estimates by the year 2025 China's economy will account for twenty-five percent of the total World Economy. Such impressive growth influences Chinese attitudes towards monopoly, price fixation, and general business practices, protocols, and business customs.
"The domestic demand of more than one-billion Chinese consumers has brought about marketization reforms, but the government still exerts control over a multitude of economic activities in China in the form of management by superior agencies, the management of cash, monopolized trade, and management of personnel and labor."

Cite this Analytical Essay:

APA Format

Chinese Business Practices (2003, October 28) Retrieved December 05, 2022, from https://www.academon.com/analytical-essay/chinese-business-practices-44176/

MLA Format

"Chinese Business Practices" 28 October 2003. Web. 05 December. 2022. <https://www.academon.com/analytical-essay/chinese-business-practices-44176/>

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