Problem:
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.
Support your responses with examples.