Question

The Chineses economy and Chinese corporate culture, and of two examples of international FDI investment into China

Answer 1

China has the world's fastest developing major economy.As china's economy has become more dynamic and mixed, chinese employee attitudes abou the ideal employee and organizational culture have also evolved.China has become an attractive market for foreign investors and enterpreneurs.

China follow a centrally planed economic system. In world china second largest economy .Now the average growth rate at 6% over the 3 decades.china GDP rate was $14.3 trllion in 2019

*Natural resources:

China has the natural resources with an estimated worth of 23 trllion .Most of this are coal and earth metals.

*Banking sector:

China has the world's largest total banking sector assets of $39.93 trillion with $27.39 trllion in total deposits.

*Foreign -exchange reserves:

China has the worl's largest foreign exchange reserves worth $3.1trillion.

*Percapita income:

I M F report about China's economy ,on percapita income basis china ranked 73 rd by GDP in 2019.

*Manufacturing economy:

China is the world's largest manufacturing economy and exporter of goods .It also the world's fastest growing consumer market, and second largest importer of goods.

*International trade:

China has largest trading partners with U S ,Japan ,Russia,E U countries e t c.It is largest trading nation in the world and plays prominent role in international trade. In 2001 china became a member of the world Trade organisation.

Chinese employees value companies with clear vision and leaders they can admire and trust corporate culture has become an important competitive force increasing people.difference in work place culture are experienced by expats in china on daily basis.

China attracted a record U S$ 142 billion worth of FDI in 2018,up 3 percent from the previous year.The US remained the largest recipient of FDI, despite its inflows decreasing 18 percent to US$ 226 billion .Most of the factors explaining China's success have also been important in attracting FDI to other countries.