How To Do Business In China Essay - 1905 Words

Now that business is becoming global, it combined the whole economic, no matter you will accept or not, any countries, corporations and individuals can not stop this trend, what we can do is change ourselves to suit the globalization. As a multinational company, develop different markets have its necessity, and market development can be helpful for the development of the company. In this report ,as the people working in this company, will analyse the differences between home country market and target country market, and help to choose the suitable market when company have willing to investing in a foreign country, the decision of the country which the company can invest in is China. In this report, will make analysis for Chinese market†¦show more content†¦And, China is a big country of resource, its cost of labor forces and materials are low, it can help for save the fabricating cost. Above all, Chinese furniture market as a huge latent market, it is the suitable decision for company to invest. Britain has a long tradition of parliamentary democracy, and the United Kingdom is a federal country, many of the current legislation of UK are applicable to the whole territory of the United Kingdom. British justice is independent of the Government administration. For business, the British has a history of mercantilism and put more importance to business, they use the model that single ministry manage all the business in UK. The Department for Business, Enterprise Regulatory Reform (BERR) is the management ministry. BERR follows the former Department of Trade and Industry in terms of productivity, business relations, energy, competition and consumer policy, and functions that include company law and employment management. Moreover, the BERR increase of new inter-departmental coordination and promotion of business, government and industry to better manage, provide support for the newly formed British Chamber of Commerce and continue to improve the economic results with the Ministry of Local Government and the community According to the data of statistical organization TransparencyShow MoreRelatedBusiness in China1131 Words   |  5 PagesNovember 29th, 2012 International Business Doing Business in China The role of government when doing business in China is very important. It is especially important if you are from a different country, such as the United States, because the approaches to dealing with the government are much different. There are many factors in which should be considered when dealing with business related issues with the government. 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China, for instance, is a relation-based country, where the United States is a rule-based country. This means that while the United States conducts business based on laws and regulations, China conducts business based on Guanxi. The word Guanxi translates literallyRead MoreEssay on Chinas Economy675 Words   |  3 PagesChapter 1 question 6 If current trends continue, China may be the world’s largest economy by 2020. Discuss the possible implications of such a development for (a) the world trading system, (b) the world monetary system (c) the business strategy of today’s European and U.S. global corporations, and (d) global commodity prices. A) The implications of such a development for the world trading system is that China will basically will be the root of trading. 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