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.
Cite any sources in APA format.