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Overview of China
China remains a developing country its per capita income is still a fraction
of that in advanced countries and its market reforms are incomplete.
Official data shows that about 98.99 million people still lived below
the national poverty line of RMB 2,300 per year at the end of 2012. With
the second largest number of poor in the world after India, poverty
reduction remains a fundamental challenge.
China’s sustained economic growth will make it the world’s largest
economy by 2030. Its large and competent labor force, entrepreneurial
culture, and massive infrastructure investments are making this growth
possible. But there are also challenges which include maintaining social
stability and dealing with environmental issues.
Area : 3,691,502 square miles (9,596,960 square kilometers)
Population : 1,298,847,624
Religions : Daoist (Taoist), Buddhist, Muslim 1%-2%, Christian
Climate : tropical in the south to subarctic in the north. In the
west, the land consists mostly of mountains, high plateaus, and
desert. The eastern regions are characterized by plains, deltas,
Region : Inner China and Outer China.
Dynamic : Developing country, keeping changing
Borders : Russia and Mongolia to the north, India to the southwest, and Myanmar,
Laos, and Vietnam to the south.
Borders:- To the east, it borders the Yellow Sea, the South China Sea, and
the East China Sea
Traditional culture of China
Chinese tradition and culture includes Beijing Opera, Tea
Ceremony, Tai Chi, Calligraphy & Painting, Folk Entertainment,
Courtyards, Festivals, Wisdom and more.
Buddhism is the dominant religion in China.
Chinese New Year/Spring Festival
Qing Ming Festival
Dragon Boat Festival
Mid-Autumn Moon Festival
October 1st - Founding of the
GDP Of China
China has leapfrogged Japan to become the world's second-largest economy,
a title Japan has held for more than 40 years.
For the total global stock market value, the USA accounts for over 30%, China
GDP contribution of China
Country Rank: #2
GDP : 9.24 trillion USD (As of 2013)
Sector GDP in % (2013)
Agriculture 10 %
Service 46.1 %
Major Industries of China
Of all Chinese industries, the Thermal, Hydro and Nuclear
power industries have developed the most rapidly.
Presently, China is the world's second in the installed capacity
of generators and generated electricity.
Main power grids now cover all cities and most rural areas of
The sufficient power supply in China is mainly because of the
rapid growth of the fuel coal output.
China's manufacturing industry can provide complete sets of large
advanced equipment, including power generating equipment such
as nuclear power sets, ultra-high voltage direct-current
transmission and transformation equipment, fertilizer and petro-
chemical equipment, transport equipment, and new paper-making
and textile machinery.
The main reasons for growing this industry is easily availability of
labor, technology, less government laws, less production cost etc.
Electro-mechanical products ranked first in the export volume of
China for eight years in succession from 2005 to 2013.
In the 1990s, the automobile industry developed as one of the
country's key industries. The output of automobiles increased
from 1.45 million in 1995 to 3.25 million in 2002.
The automotive industry in China has been the largest in the
world measured by automobile unit production since 2008.
Of the automobiles produced, 44.3% were local brands
(including BYD, Dongfeng Motor, FAW Group, SAIC Motor, Lifan,
Chang'an (Chana), Geely, Chery, Great Wall and Roewe ), and the
rest were produced by joint ventures with foreign car makers
such as Volkswagen, General
Motors, Hyundai, Nissan, Honda, Toyota, Mitsubishi etc.
China ranks No.1 in both auto manufacturing and auto selling for
MAJOR INDUSTRIAL AREA
China - Singapore Suzhou Industrial Park in Shanghai
Tianjin Economic & Technological Development Area (TEDA) in
Bonded Logistics Zone (BLZ) in Shanghai
Special Economic Zone (SEZ) i.e. Shenzhen, Zhuhai, Shantou,
Xiamen, Hainan Island, and Shanghai Pudong, all in the coastal
Top Major Companies in China
China datong Corportion
China Guodian Corporation
China Huadion Corporation
China Huanung Corporation
First Automobile Works
Beijing Automobile Group
Brilliance China Auto
361 Degrees -family fahion
Li Ning Company
- Chiaphua Components Group
Major Exports of China
Products Exports ( in %)
Electronic Equipments 25.4 %
Machinery 17.3 %
Knit or crochet clothing and accessories 4.4 %
Furniture, lighting , signs and prefabricated buildings 3.9 %
Optical, technical and medical apparatus 3.4 %
Non-knit and non-crochet clothing and accessories 3.1 %
Vehicles excluding trains and streetcars 2.7 %
Iron or steel articles 2.6 %
Footwear 2.3 %
Some of the industries supporting these exports, such as manufacturing electronic
equipment and producing clothing, are labor intensive. This may explain why China’s
unemployment rate is 4.1 per cent — compared to the estimated 9 per cent global
Regional Culture Differences in
East part of China and the coastal cities:
focusing on written contract, more internationalized.
North-east of China:
focusing on oral contract
The West China:
focusing on commercial practice
Working Hours and Off days
The working hours of Chinese companies may be from 08:00 to
17:00, 08:30 to 17:30 or 09:00 to 18:00.
The official organizations (government offices) usually work
from 09:00 to 17:00 with a one-hour siesta.
44-hour normal working week (maximum of 48 hours)
150% overtime payment with reference to the normal hourly
Do not work on Saturdays and Sundays.
Men : Jackets for meetings
Women : Business Suits,
low heels to avoid being
taller than the host
Avoid too much of perfume.
Conversation (Non Verbal
When talking to each other, Chinese people stand very close.
The main reason is politeness and trust.
Less usage of hand gestures
While having a conflict, the important thing to remember is to
not to get upset or angry because according to them only low
or uneducated people cannot control their emotions.
Conversation (Verbal Communication)
Strong hand shakes are avoided
Try to avoid saying “no” when answering questions instead the
say “I’ll look into that.”
It is considered disrespectful to stare into another person's
Chinese Meetings Etiquette
Seniority is very important to the Chinese.
Handshakes are the most common form of greeting.
Look towards the ground when greeting someone.
People enter the meeting room in hierarchical order.
Sitting positions in a meeting room is accordingly to rank,
importance and seniority.
Series of meetings, rather than just one
Chinese Meetings (conti..)
Unlike western-meetings, Chinese meetings are about
building relationship, exchanging information
Address the other party by his designation eg. Chairman XX ,
Director XX or Manager XX.
Appointment in advance preferably in writing is necessary
for any business meeting.
Direct contact with the host company is required
otherwise it would be better to have intermediary.
Punctuality is considered as virtue so arrive for meeting
It would be necessary to send the agenda in advance.
There is no business talk in China without at least one trip to a
Elaborated and designated seating positions for the host and
the guest with seniority protocol.
Meals are invariably associated with liquor.
More you drink, more respect you earn as Chinese believe that
alcohol gets rid of all communication barriers .
The Business card
Card are printed in Chinese on the reverse-side.
Cards are held in both the hands when exchanging and
When giving out name cards or brochures, make sure you
start with the most senior person before moving down the
China always have their own unique business culture and
“Guanxi” is a very important characteristic of the Chinese
business culture. It means relationships.
In prospective of their culture or we can said that, now-a-day’s
their culture is very much related with the innovating new
technology and increase the productive capacity of china.