China is on track to become the world’s largest economy in coming years. Research the implications of this development and draft a document addressing the following:
What would be the impact of China’s economy on:
The world trading system
The world monetary system
Western-based global corporations
How might the concepts of guanxi and guanxiwang come into play?
Are there any ethical considerations for a western business?
Discuss three cultural tips for US businesspeople doing business in China.
Please provide your answers in a 3- to 4-page Microsoft Word document.
Support your responses with examples.
Cite any sources in APA format.
Analyzed the implication of China’s development on the country.
Analyzed and described the impact of China’s economy on the world trading system, world monetary system and western-based global corporations.
Analyzed and justified the reason that brought guanxi and guanxiwang into play. Analyzed whether any ethical considerations exists for a western business.
Discussed three cultural tips for US business people doing business in China.
Used correct spelling, grammar, and professional vocabulary. Cited all sources using APA format.
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