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Background of China

Daisy, Rotating

China is a very interesting country; it is almost as if it is a world of its own. China is the most populated and third largest country in the world. China is so vast and its geographical, topological, and climatologically contrasts are so great that it is a continent rather than its traditional designation of "country." Two of the world's greatest rivers lie entirely within China, the Yellow (Huang He) and Yangtze (Chang Jiang). The climate ranges from tropical to sub arctic. In the west there are steppes, vast deserts, and high mountain ranges including the Himalayas. In the center there are huge river basins and in the east plains, deltas, and hills. China's economy during the last quarter century has changed from a centrally planned system that was closely related to international trade to a more market-oriented economy that has a rapidly growing private sector and is a major player in the global economy (sinomania.com).

In reference to the business climate China has been an economic powerhouse for much of world history. Over the past century, as the Chinese struggled to reconstruct their great nation, the economy of China and business in China suffered greatly. Since the establishment of the People's Republic of China in 1949 economic growth has been tremendous. There were, however, extreme setbacks in the 1960s and 1970s as the path of development was debated and the country was split by ideological extremism. There is a distinct possibility that China is experiencing an accelerated growth phase during which its economy, and the standard of living of the majority of its citizens, is increasing exponentially. Such an explosion of growth by a large economy has, of course, happened before most recently in Japan between the mid 1950s and mid '70s. It happened in the United States of America too, although much longer ago, roughly between the years 1880 and 1929.As China grows so do the chances for businesses all over the world to participate in the process (sinomania.com).



Email: pward1@mytsu.tnstate.edu

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