Doing Business in China

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PROFESSOR: JUAN ESPANA
STUDENT: TIFFANY NGUYEN
MGT 680 INT’ BUSINESS EXPERIENCE
CHINA STUDY TOUR
MARCH 2008
NATIONAL UNIVERSITY

Chinese culture and doing business in China

TABLE OF CONTENT

PHASE 1: RESEARCH THE HOST COUNTRY CHINA
Facts about Chinapage 3-21

PHASE 2: EXPERIENCE IN THE HOST COUNTRY
China in personpage 22-49

PHASE 3: FINAL REPORT
Reflection and conclusionpage 50-64

PHASE I

FACTS ABOUT CHINA:

Total Land Area:
9,596,960 sq km
* Slightly smaller than the US
Land boundaries:
22,117 km
Coastline Boundaries:
14,500 km
Climate:
Extremely diverse; tropical in south to sub arctic in north
Terrain:
Mostly mountains, high plateaus, deserts in west; plains, deltas, and hills in east Elevation extremes:
Lowest point: Turpan Pendi -154 m
Highest point: Mount Everest 8,850 m
Natural resources:
Coal, iron ore, petroleum, natural gas, mercury, tin, tungsten, antimony, manganese, molybdenum, vanadium, magnetite, aluminum, lead, zinc, uranium, hydropower potential (world's largest)Natural hazards: Frequent typhoons (about five per year along southern and eastern coasts); damaging floods; tsunamis; earthquakes; droughts; land subsidence. Age structure:

0-14 years: 21.4% (male 148,134,928/female 131,045,415)
15-64 years: 71% (male 477,182,072/female 450,664,933)
65 years and over: 7.6% (male 47,400,282/female 51,886,182) (2005 est.) Median age:
Total: 32.26 years
Male: 31.87 years
Female: 32.67 years (2005 est.)
Religion:
Daoist (Taoist), Buddhist, Muslim 1%-2%, Christian 3%-4%
note: officially atheist (2002 est.)
Languages:
Standard Chinese or Mandarin (Putonghua, based on the Beijing dialect), Yue (Cantonese), Wu (Shanghaiese), Minbei (Fuzhou), Minnan (Hokkien-Taiwanese), Xiang, Gan, Hakka dialects, minority languages Literacy:

Definition: age 15 and over can read and write
Total population: 90.9%
Male: 95.1%
Female: 86.5% (2002)
Unemployment:
4.2% official registered unemployment in urban areas in 2004; substantial unemployment and underemployment in rural areas; an official Chinese journal estimated overall unemployment (including rural areas) for 2003 at 20% (2004). Labor force:

798 million (2006); agriculture 45%, industry 24%, services 31% (2006 est.) Exports:
$974 billion f.o.b. (2006 est.): machinery and equipment, plastics, optical and medical equipment, iron and steel. Imports:
$777.9 billion f.o.b. (2006 est.): machinery and equipment, oil and mineral fuels, plastics, optical and medical equipment, organic chemicals, iron and steel. Major trading partners:
U.S., Hong Kong, Japan, South Korea, Germany, Taiwan (2004). Communications: Telephones:
main lines in use: 350.43 million (2005); mobile cellular: 437.48 million (2006) Radio broadcast stations:
AM 369, FM 259, shortwave 45 (1998).
Television broadcast stations:
3,240 (of which 209 are operated by China Central Television, 31 are provincial TV stations and nearly 3,000 are local city stations) (1997). Internet hosts: 232,780 (2006)
Internet users: 123 million (2006).
Transportation: Railways: total: 71,898 (2002).
Highways: total: 1,870,661 km; paved: 1,515,797 km (with at least 34,288 km of expressways) ; unpaved: 354,864 km (2004) Waterways: 123,964 km (2003)
Ports and harbors: Dalian, Guangzhou, Nanjing, Ningbo, Qingdao, Qinhuangdao, Shanghai. Airports: 486 (2006 est.).
GDP:
China's economy is the 4th largest in the world in 2005. China has the world's fastest growing major economy, with a GDP of US $9.412 trillion in 2005. It's massive population of 1.3 billion have a per capita GDP in 2005 of US $1,709 (US $7,204 with PPP). GDP: $9 trillion (2005 est.)

GDP - real growth rate: 10% (2005 est.)
GDP - per capita (PPP): $7,200 (2005 est.)
GDP - composition by sector: agriculture: 12.5%, industry: 47.3%, services: 40.3% (2005 est.), China's GDP expected to grow 10.5 percent in 2006 China's per capita GDP to reach 2,400...
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