ELTC
Contents
List of Illustrations
Figure 1: UK and China fundamental information...….................................…..3
Figure 2: Etiquette Compared with UK and China………...............…………….5
Figure 3: UK GDP Growth, quarter on previous quarter............…………...…...9
Figure 4: Currency…………………………………….............................………10
Figure 5: The National Minimum Wage………………….................................10
The Business Culture Profile of UK
Introduction
Along with the development of Chinese economy, more and more Chinese businessmen are supported to do foreign trade by the government. According to Chinese statistics, in the year of 2012, the volume of goods trading was $63.1 billion between China and UK, up 7.5% compared with 2011, and the growth was in the first place between China and the European Union (Zhang, 2013). Therefore, introducing two different countries’ business culture is necessary to connect with each economy entity. This report will show you a business culture profile for a Chinese business person intending to do business in the UK, which includes fundamental information, language, etiquette and PESTLE. This information will be helpful to comprehend UK business culture and to open up new market area for Chinese businessmen.
1. Background information
Figure 1: UK and China fundamental information
Country
UK
China
Capital
London
Beijing
Climate
Temperate sea climate
(met office, 2013)
Continental climate
Population
63,182,000 (ONS Data Visualisation Centre, 2013)
1,358,457,394
(China Popin, 2013)
Time
later 8 hours than Beijing time
---
Currency
£1=￥9.51623
(XE, 2013)
---
Implication: Looking at this table, the Chinese business people need to adjust themselves to London time, and do business indoors in case it rains. Also, It is worthy and convenient to have pounds in exchange for RMB before traveling abroad.
2.Language:
Firstly, we know that English formation came about in
List of Illustrations
Figure 1: UK and China fundamental information...….................................…..3
Figure 2: Etiquette Compared with UK and China………...............…………….5
Figure 3: UK GDP Growth, quarter on previous quarter............…………...…...9
Figure 4: Currency…………………………………….............................………10
Figure 5: The National Minimum Wage………………….................................10
The Business Culture Profile of UK
Introduction
Along with the development of Chinese economy, more and more Chinese businessmen are supported to do foreign trade by the government. According to Chinese statistics, in the year of 2012, the volume of goods trading was $63.1 billion between China and UK, up 7.5% compared with 2011, and the growth was in the first place between China and the European Union (Zhang, 2013). Therefore, introducing two different countries’ business culture is necessary to connect with each economy entity. This report will show you a business culture profile for a Chinese business person intending to do business in the UK, which includes fundamental information, language, etiquette and PESTLE. This information will be helpful to comprehend UK business culture and to open up new market area for Chinese businessmen.
1. Background information
Figure 1: UK and China fundamental information
Country
UK
China
Capital
London
Beijing
Climate
Temperate sea climate
(met office, 2013)
Continental climate
Population
63,182,000 (ONS Data Visualisation Centre, 2013)
1,358,457,394
(China Popin, 2013)
Time
later 8 hours than Beijing time
---
Currency
£1=￥9.51623
(XE, 2013)
---
Implication: Looking at this table, the Chinese business people need to adjust themselves to London time, and do business indoors in case it rains. Also, It is worthy and convenient to have pounds in exchange for RMB before traveling abroad.
2.Language:
Firstly, we know that English formation came about in
References: DuPont, P. (2010) Business Etiquette and Professionalism. Essex: Longman Group UK Press. Hagen, S. (2005) British Language and Culture. London: the National Centre for Languages Press. China Popin (2013) ‘Population’,China 's population and development research center [Online], Available at: http://www.cpdrc.org.cn/ (Accessed 25 August 2013). EconomyWatch (2010) ‘UK Economic Structure’, Stanley St Labs [Online], Available at: http://www.economywatch.com/world_economy/united-kingdom /structure-of-economy.html (Accessed 8 August 2013). England (2013)‘England-Traditional Holidays’, England Organization [Online], Available at: http://www.england.org.za/england-traditional-holidays.php#. UWJL4aLfB0c ( Accessed 23 August 2013). FJKJT (2006) ‘Brief introduction to the UK’, FSTEC [Online], Available at: http://fstec.fjkjt.gov.cn/funonews1.asp?id=716 (Accessed 21 August 2013). Government Digital Service (2013) ‘National Minimum Wage rates Britain’, Britain Government [Online], Available at: https://www.gov.uk/national-minimu m-wage-rates ( Accessed 22 August 2013). Lesley Furber (2012) ‘What is religious discrimination’, Crunch Community Site [Online], Available at: http://www.freelanceadvisor.co.uk/legal-advice/what-is- religious-discrimination/ (Accessed 18 August 2013). Met office (2013) ‘UK climate summaries’, Britain Government [Online], Available at: http://www.metoffice.gov.uk/climate/uk/ (Accessed 15 August 2013). ONS Data Visualisation Centre (2011) ‘Census 2011: UK population change’, BBC News [Online], Available at: http://www.bbc.co.uk/news/uk-20757480 (Accessed 8 August 2013). ONS Data Visualisation Centre (2013) ‘Economy tracker: GDP’, BBC News [Online], Available at: http://www.bbc.co.uk/news/10613201 (Accessed 8 August 2013). The Economist (2012) ‘Clean streets’, The Economist Newspaper [Online], Available at: http://www.economist.com/news/britain/21564858 ( Accessed 22 July 2013). Zhang, C., and Liu, Y. (2013) ‘The trade relation of China and UK was growth on 2012 and has huge potential’, Chinadaily [Online]. Available at: http://www.chinadaily.com.cn/hqzx/2013-01/18/content_16138626.htm (Accessed: 5 August 2013).