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What are some cultural issues regarding foreign business in China? Provide examples. What type of political...

What are some cultural issues regarding foreign business in China? Provide examples.

What type of political system exists in China and does it impact their economic growth?


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Some of the cultural issues regarding Chinese practices is nothing but the use of dragon and snakes in surfing goods where in some cultures such as Indian cultures this is seen as a danger for particular purpose and apart from that Chinese also uses the dumping practice where it actually manufactures in a huge amount and make them available for cheap prices in the local market of the foreign countries as a result of which the domestic industries got to be affected all in all. Apart from that Chinese goods mostly portray masculinity all in all.

China uses a centrally planned economic structure where in this regard the government plays a major role in the production and consumption activities as a result of which the power mostly lies with the government unlike the United States which uses the capitalist from where the market determines the prices of the goods. Over with the results that have been seen in the past, China has grown economically in a tremendous manner where this is an example too many of the developing countries and in this regard it can be mentioned that the economic system that China is using is not a restriction for it to develop economically

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