Business management Essay Example | Topics and Well Written Essays - 4000 words

Business management - Essay ExampleChina is integrity country which escaped from the current global financial crisis without much damage. As per economic gurus, Chinas economy will surpass that of the USs within 20 years of time. Earlier, China was averse(p) in opening their economy, but at present their economy is more transparent than even lacquers economy. Moreover, Chinas trade in 2004 was equal to 70% of its GDP, while that of Japan was 24%. China received $60.6 billion of foreign carry on investment in 2004, while Japan, received besides $20.1 billion (Overholt, 2005, p.5). China has adopted an economic policy in which they were ready to open the unimportant sectors for the FDI whereas the sarcastic sectors were kept under government control only. They have encouraged privatization in many small denture industries and less important industry sectors and that to a fault in bulk. Xinhua, Chinese daily, has quoted the opinion of the World Bank old-timer economist, Deepak B hattasalithe recently. He has told to the Chinese daily that, not only the Chinese Governments effective policies on taxation, but its semipermanent investment in infrastructure construction also contributed to a more pleasant investment humor (Xinhua, 2004).There is no second opinion about the immense economic developments happening in China. sparing growth of a nation is controlled by many parameters like, political stability, lack of agitations in the society or industrial sectors and also the countrys ability to mobilize the internal resources along with attracting foreign direct investments (FDI) in the country. The peoples living standards, unemployment problems, educational levels, infrastructure developments, overall domestic peace levels and also the relationships with the neighboring countries, all will reflect the economic growth of a nation. China has all the higher up qualities and hence corporate can think about investing in China.China is the number wiz country in the world as