BUSI 604 International Business
The following examines the nation of China and its trade relations with the world, particularly the United States. The focus is primarily on China’s culture and how it impacts business dealings with other countries. Areas examined include: Religion, Management Philosophy, and Business Etiquette. Also discussed is China’s growing status as a world super power and how that has impacted the global business landscape. Likewise, various trading partners are examined and the effects of doing business with China, specifically for the United States. Points of concern for the United States are things such as the outsourcing of jobs and domestic unemployment. China has become the 2nd largest trading partner for the United States. The majority of that trade is in Imports of Chinese goods to the US. With all of the tension between the two nations, past and present, it is a relationship that is extremely volatile in nature.
Global Business Cultural Analysis: China
A nation’s culture has a profound impact on how that nation does business globally. An intricate segment of any nation’s culture is its religious beliefs. Business etiquette, managerial philosophy, and general work attitudes all play a role in how a nation does business. When all of those elements in the nation of China collide with other nations in the global business landscape, what is the outcome? Four key questions will be addressed regarding China and how these elements play a role in business endeavors: what are the major elements and dimensions of culture in this region? How are these elements and dimensions integrated by locals conducting business in the nation? How do both of the above items (elements and dimensions of culture) compare with U.S. culture in business? And, what are the implications for U.S. businesses that what to do business in that region? Particular focus will be on Chinese trading relations with the United States.
This relationship that began in 1979 has built up to the present where China has become the United States second largest trading partner. The vast majority of that trade takes place in the form of imports of Chinese goods to the United States. Some believe that this has been a detriment to the U.S. economy. Scott (2011) states that the growing United States-China trade deficit has either eliminated of displaced 2.8 million jobs between the years 2001-2010. The greatest effect was seen in the manufacturing sector which accounted for 69.2% of the total jobs lost for the period. This is seen by the U.S. government as a huge concern, especially if the trend continues. China and the United States have a history of volatility that continues to the present day. The growing involvement of China in the U.S. economy as the largest holder of publicly held debt makes for an even more interesting study. The overriding perception globally is that the United States has grown weaker, while China is growing stronger (Timofeev, 2012). That pendulum of super power status seems to be swinging. Like it or not, the United States has to come to terms with its diminishing global status in comparison to China. What are the Major Elements and Dimensions of Culture in This Region? Background
The U.S. Department of State, Background Note: China (2011) offers some background information for China to begin our discussion. Geographically speaking, China’s land mass covers approximately 3.7 million miles with the capital city being Beijing. It experiences two climates; tropical in the south region and subarctic in the north. China’s population as of July 2011 is estimated to be 1,336,718,015. Life expectancy is 72.68 years for men and 76.94 years for women. The government of China is a Communist party-led state. China does have a constitution which was enacted December 4, 1982. There are a total of...