B412 Week 1 seminar - Introduction to China
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In this seminar we will start to look at the big questions that we will cover in this module.
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B412 Week 1 seminar - Introduction to China
- 1. School of Business International Business Regions: China Seminar 1
- 2. Pearson College London XXXX 2 School of Business International Business Regions: China Seminar 1 The big questions for this course: • Is China to be feared or embraced? • Will China continue to balance its economic miracle without any political change? • How can it maintain social stability when the population goes from rural to urban and a widening wealth gap emerges? • How will China’s position as a political superpower effect the balance of power? • What’s so important about ‘guanxi’关系? (Connections) • How easy is it to do business in China when the pace of change is so fast?
- 3. Pearson College London XXXX 3 School of Business International Business Regions: China Seminar 1 Changing China Political change inevitable? Urban pre- eminence Rural economy
- 4. Pearson College London XXXX 4 School of Business International Business Regions: China Seminar 1 Dragon: to be feared or embraced?
- 5. Pearson College London XXXX 5 School of Business International Business Regions: China Seminar 1 Balance of Power USA CHINA
- 6. Pearson College London XXXX 6 School of Business International Business Regions: China Seminar 1 “You will never be Chinese!” – Mark Kitto, English entrepreneur and author of ‘That’s China!’ quoted in Prospect Magazine What do you think this means and what are the implications for doing business in China?
Editor's Notes
- When it comes to doing business in China there are many big questions for us to contemplate and they are many and varied. Take a look at these questions
- 400+million people lifted out of poverty Mass urban migration resulting in social change and opportunity for many in the cities Poverty – chi ku 吃苦 – is so much a part of Chinese history. Now millions are benefiting from a booming economy. What impact is this having on the Chinese psyche and the development of society? Urban middle class: some 80million (6.15% of population) were middle class (National Bureau of Stats in 2007) income between 60,000-500,000 Aspirations are College education City apartment Consumer goods Services (leisure, travel, TV) (page 86) In countryside TV sets are still major purchase Rural: 53% SPENT on food and health / 43% for urban households Migrant labour (150-200million in 2007) Free healthcare under Mao, education and guaranteed employment no longer in place. What would you want for your children? Remember they only have one child. Creation of a generation of ‘Little Emperors’ Emerging middle class with aspirations for themselves and their one child, including overseas education BUT Multiple protests across the country including land disputes, allegations of corruption, working conditions, environmental pollution, health & safety contravention; micro-bloggers: does social and economic change necessarily lead to political change? What will happen in China?
- China has returned to the world’s centre stage. China has a very long-term view; flexible, determined, powerful, one-party state.
- Question to the class: what is the balance of power? US as world policeman; intervention with force or rhetoric in global hotspots such as Afghanistan, Iraq, Russia. Economic slowdown in US since 2008 with Global Financial Crisis – less able to follow through with military intervention. What of China?
- Think about race, civilisation, nationalism, language, law and contracts, connections (guanxi). If foreigners are always treated as being different is it ever possible to do effective business in China?