China Business, Policy and Culture

Wenying Li

– the world’s factory

Supply textiles, chemicals, fertilizers, processed foods, machinery, iron and steel, building materials, plastics, toys, electronicsChina is already the third largest economy in the world

accounts for 7.5% of the world’s total economic activity. it's on track to pass Japan in 2010 and the U.S. as soon as 2020?

China

China’s Business Development

Fortune 500 – year 2009

In comparison of 16 Chinese companies in 2005

China’s Economy

See if you are already late!

Net exports account for only about 20% of its GDP growth.Infrastructure and capital investment account for the rest.

China’s policies

Beginning of Market-orientationdecentralization of control "special economic zones" to attract foreign investment, advanced technologies and management

Preferential policies, Reducing or eliminating customs dutiesIncome taxAllow foreign business people to open financial institutions, and run tertiary industries

23 provinces4 municipalities – Beijing, Shanghai, Tianjin, Chongqing5 autonomous regions2 Special Administrative Regions

Did I find my business the best location?

Source: National statistics in 2009

Contribution of business coastline

Source: National statistics in 2009

China’s political structure

Source: BBC News

‘Yesterday and Today’

‘Yesterday’ when global economy was in downturn

Beijing's massive $586 billion stimulus program More than $1 trillion in new lending

What is China’s plan for ‘tomorrow’, settled by the National People’s Congress this spring?

Comments from westerners‘China has made it absolutely clear that if we want to play on their manor, we play by their rules. And these are not rules that are necessarily consistent with western ideals of fair play and free trade.’ (BBC news China's manor, China's rules, Robert Peston | 10:51 UK time, Monday, 29 March 2010 )

Culture – From start to History

China had thousands of years of prosperity It involved in and was once as a centre of international affairs since 206 B.C.Several peak periods:

Han Dynasty (206 B.C. – 220)Tang Dynasty (618 – 907)Song Dynasty (960 – 1279)

Han Dynasty (206 B.C. – 220)Exchanges with neighbour countries extended to East Asia, Europe and North Africa.Marine Silk Road was established to strengthen the trade and cultural exchange.Silk, casting, irrigation, paper-making techniques

Prosperous Tang Dynasty (618 – 907)Business and cultural centre in Asia

Dealing with over 70 countriesJapanese visited 13 times; year 717, 733 and 838 came delegation of over 550 people

Technology export (farming, water, printing, copper refining) Confusion education for foreign studentsDecimal system and administrative system exportThree formal Silk Channels

Song Dynasty (960 – 1279)Dealing with over 50 countries in Asia and Africa;Trading in china, silk, fragrance, literature, medicine and many fine designed handcrafts and instruments;Chinese copper currency was found from 28 places in Japan – 553,000 pieces, 82.4% from Song Dynasty.

Never out-of-date ‘fashion’

StyleTasteArt and craft

DesignDetailsQuality

Question Time �

Is the picture of China still as the same as the one you had before my presentation?How much percentage do you think you understand China? Do you want China to be part of your knowledge or you prefer to be pushed one day to know it?

My

What do you face more each day?

What can we do for you?Without your participation:

Linguistic and cultural translationPolitical message interpretation OutsourcingThird party verification and research

With your participation:Language trainingTailored Chinese etiquette trainingbusiness seminars & workshopProject trouble shootingBusiness delegation organisationHigh-tech training organisation in ChinaHuman resources