Beijing
The population of Beijing is somewhat homogenous in that the people are almost entirely Han Chinese, but the city does act as a magnet for Chinese from around the country. There can be significant cultural and even linguistic differences between Chinese from different parts of the country. While the city is 96% Han, there are significant minorities of Manchu, Hui and Mongol (Beijing Welcome, 2012), in addition a foreigner population for which estimates vary significantly but is well over 100,000 (Sina.com, 2010). The primary language spoken in Mandarin. All Chinese are taught the Beijing dialect (Putonghua) in school, so even migrants from other parts of the country should be functional in Mandarin. Most long-term foreigners in Beijing also speak Mandarin.
In addition to being the political and cultural capital of China, Beijing is one of its most important economic cities. The city's economy is rapidly growing, and 71.3% of the city's GDP comes from tertiary (service) industries. The financial industry is one of the largest sectors, along with real estate, automobile production and sales, pharmaceuticals, IT, and outside the city there are some heavy industries as well (Beijing Travels.com, 2012).
Most businesses in Beijing are small and retail in nature. Among the larger firms, there is a split between public and government businesses. Even those businesses that trade on the stock exchange are often subject to strong regulation from the government, so private industry does not have the same freedom...
Danfoss HR managers had to understand these cultural clashes and devised extensive employee training programs and personality development seminars. The management also devised a platform to address employee grievances. It is necessary to conduct such seminars and employee training programs to provide the Chinese employees the cultural orientation to equip them with the skills necessary for working in a global concern. Danfoss management has learnt from its initial experience
China and the World Trade Organization On December 11, 2001, China officially became a member of the World Trade Organization (WTO), opening the country's doors to change and a new economy. One year after china's entry into the WTO, the country reported great success, showing better-than-expected economic growth and fulfillment of its WTO commitments, despite the shaky world economy. The excellent performance of the Chinese economy was clearly demonstrated by its 8% growth
As, it declined from: 24% (in 1994) to 16% (by 2008). While at the same time, wage increased from $3,814 in 1996 to $7,870 in 2009. The below table is illustrating the overall scope of these changes in income during this time. (Villareal, 2010) Annual Income Levels in Mexico from 1996 to 2009 Year Annual Income 1996 $3,814.00 2000 $6,293.00 2004 $7,239.00 2009 $7,870.00 (Villareal, 2010) These different figures are important, because they are showing how once NAFTA was ratified, is when
The differences in culture with the American culture will meant the American staff that may go to help open the branches in China will have to take quite some time to learn the culture and the ways of the people there. The other difficulty will be the language barrier that may exists between the Americans and the Chinese. It may even call for a translator in the initial days as
589). This may sound harsh, but it has been shown in many countries that this is the best practice for the employment and the economy. While conditions in some sweatshops are unimaginable, in many countries sweatshop workers actually have better working conditions than many other workers have, and make more money as well. For example, a worker manufacturing shoes for Nike in a Chinese plant actually makes more money than
Business Strategies Found in Asia Pacific and Its Future Upon completion of this paper many avenues pertaining to business in Asia Pacific will be discussed. The nature of doing business in the region involves an understanding of many elements. These elements include the characteristics of the industrial and institutional environments of business there. There are many different business systems used in the region and knowledge of how these firms operate is
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