culture impact on

international business
Presented to:
Mam.Malka Yasmeen
Presented by:
Group 2
Muhammad Uzair

(29)
Haris

Iftikhar

(09)
Arslan

Akhtar

(02)

Muhammad Ahmad

(14)

Mahmood Ul Hassan

(12)

A set of values,belives and traditions that are held by a specific

social group and handed down from generation to generations.
For Example:
basant in pakistan

Halowean in US

Dragon dance in china

Elements of culture
Customs and Traditions
Religion
Language
Arts and Literature
Forms of government
Economic systems

and Tradition of china

China is an extremely large country, and the customs and traditions of its people
vary by geography and ethnicity.
More than 1 billion people live in China, according to the Asia Society,
representing 56 ethnic minority groups. The largest group is the Han Chinese, with
about 900 million people. Other groups include the Tibetans, the Mongols, the
Manchus, the Naxi, and the Hezhen, which is smallest group, with fewer than
2,000 people.

of China
China has been a multi-religion country since the ancient times. It is well known
that Confucianism is an indigenous religion and is the soul of Chinese culture,
which enjoyed popular support among people and even became the guiding
ideology for feudalism society, but it did not develop into a national belief. It makes
the culture more tolerant to others, thus, many other religions have been brought
into the country in different dynasties, but none of them developed powerful enough
in the history and they only provide diverse people more spiritual support.
According to a latest survey, 85% of Chinese people have religious beliefs or had
some religious practices and only 15% of them are real atheists.

As one of the six official languages used by UN (United Nations), Chinese now
has earned itself greater status in the World. The official language of China is the
Mandarin, which is the very name of 'Hanyu' or 'Putonghua', belonging to SinoTibetan.
Putonghua is a parlance in mainland China. It is the common language of all
modern Han nationality people. In Taiwan Province and Hong Kong, it is called
'Guoyu' while in Singapore and Malaysia, it is often called 'Huayu'.

Chinese Characters

It is generally agreed that there are six types of classical arts: poetry,
dance, music, painting, architecture and sculpture; poetry further gives
birth to literary essays, fiction and drama. China has a long history, so all
six classical arts flowered in ancient China.

As early as 7,000 or 8,000 years ago, Chinese ancestors had already started to
dancing, and use it as part of their community activity.

The Second Classical Arts" at which Confucius was adept included music. He put
learning music as one of the important components of education.

The discoveries of ancient rock drawings of the Red Mountain Culture all prove that
early Chinese had already started using pictures to express their imaginative thoughts.
Paintings of the Han Dynasty are of precise, simple lines, expressing imaginative
themes, exerting a profound influence upon painters of later ages. Paintings in the Wei
and Jin Dynasties mostly concern Buddhist themes.

Poems and prose

Chinese poems originated very early in the country's history. Work songs, prayers in
religious ceremonies and songs of romantic love could all be both sung and recited.
Ancient myths and legends, the earliest epics, were a great source of the literature
of the country

System of china
China has an economic system that blends elements of socialism and
capitalism. While its leaders strive to create a communist economic system, much
of its growth occurred after it adopted some capitalist practices.
For more than 30 years, China's gross domestic product has increased by almost
10 percent per year, which is a rate far above those of developed nations. Deng
Xiaoping, its leader at the time, is famous for his pragmatism. To him, building a
thriving capitalist economy was key for growth, and he invested heavily in the
Chinese economy to make it the world's leading manufacturing center.

Form of government
Since 1949, the Chinese government has been a one-party communist
system. This means that it theoretically strives for a state in which all citizens are
equal in class and economic conditions.
Seemingly, this system lies somewhat in contrast to China's rise as a global super
power in which everyone is clearly not sharing equally in the spoils. In fact, China
has been sanctioned several times for human rights violations. Much of China's
economic development has been used to benefit the government and high-ranking
officials. By definition, the total state control of all industry in China more closely
resembles socialism than communism.

China's

on the

international business

As the world's second biggest economy, China is a mainstay for several

countries who depend on it for their international services. Most of these
tend to be neighboring countries on the same continent, but China's
influence is not limited to Asia alone. With major business also being done
in Australia and North America, China has proved that its reach is global.
As
a
result,
the impact of its attempt to rebalance its markets and economy will not stay
within its borders
, and will most likely affect economic policies everywhere.
A considerable number of nations depend heavily on exports to China;
after all, it is the world's second-biggest importer, right behind the
United States. These exports account for more than 4% of the GDP of
certain nations, including Taiwan, Malaysia, and Singapore. However,
certain exported products have not been doing as well as hoped, with
prices and sales of these goods decreasing in China. Part of this can be
attributed to the country's slowing economic growth, which has fallen by
2.5% in recent years. It is more likely, though, that it is due to China's
rebalancing, as it is now importing more products for consumption
purposes than for investment.

The effect of this is being seen almost everywhere. High demand for coal
is forcingIndonesia to increase its coal production drastically in order to
make sufficient exports to China. The same case is happening with milk
from New Zealand and oil from the Persian Gulf. The price of coal from
Indonesia has halved over the past three years because of an increase in
supply due to increased exporting to China. Oil imports in the country are
also surpassing those of the United States,
making China the biggest importer of oil in the world.

All in all, China has a tighter grip on the

economies of other countries than most realize, and its rebalancing and
decreasing investment policies could substantially impact the global
economy. How else do you think China could potentially impact future
economic and trade policy?

of chinese of international
business

1. The great rebalancing

Chinas number-one economic question is how to

increase consumption while reducing reliance on exports and investment.
Chinese household consumption as a share of GDP is barely half that of the
United States. Some see promising signs of progress in government plans to
raise the dividend payouts of state-owned enterprises, a proposed carbon tax,
and the planned removal of energy subsidies.

2. Infrastructure advances
Over the past 20 years, an
incredible 8.5 percent of Chinas GDP has been plowed into
infrastructuretwice the level of India and more than four
times that of Latin America. Chinas stock of infrastructure as
a percentage of GDP is well above the global average, but
still ranks only 48th in a survey of factors contributing to
global competitiveness. Some 70 new airports, 43,000
kilometers1of new expressways, and a major expansion of
port facilities are planned to be ready by 2020, as well as
22,000 kilometers of additional rail track by 2015. Not

3.Filling the roads

Chinas not just building roads, of course
its populating them, too. Thanks to the new upper-middle-class spenders,
McKinsey predicts, the country will overtake the United States as the worlds
largest market for premium cars by 2016.

4. The green challenge

A thick and severe smog overwhelmed almost all of
Chinas east coast earlier this year, demonstrating the urgent need to address
environmental issues and green the economy. By 2020, an additional 300 million
Chinese will become urban residents, who consume as much as four times more
energy and two-and-a-half times more water per capita than rural Chinese do.
While environmental challenges create demand for green products and services,
they dont guarantee profits. For example, 2012 saw a boom in solar installations
about 5,000 megawatts of new solar capacity.

5. Rise of the upper middle class

By 2022, McKinsey research
suggests, more than 75 percent of Chinas urban consumers will earn
60,000 to 229,000 renminbi ($9,000 to $34,000) a yearin purchasingpower-parity terms, somewhere between the average income of Brazil
and Italy. A mere 4 percent of urban Chinese households were in this
range in 2000. Of particular importance is a wealthier upper-middle-class
group that in less than ten years time will account for more than half of
urban households and of urban private consumption. Also on the rise:
confident and independent-minded Generation-2 (G2) consumers,
comprising teenagers and people in their early 20s, who are set to shape
consumption much as their baby-boomer counterparts in the United
States did (though by 2022, G2 will be almost three times as numerous).
6.Big contrasts with developed markets
Whereas the dominant
model in the United States, Europe, and Japan involves brick-and-mortar
retailers or pure-play online merchants (such as Amazon.com), around 90
percent of Chinese electronic retailing occurs on sprawling virtual
marketplaces. These megasites, which include PaiPai, Taobao, and Tmall,
in turn are owned by bigger e-commerce groups, such as Alibaba.
National brick-and-mortar retailers of the kind seen in the retail markets
of most developed countries have yet to emerge in China.

7. Financier to the world?

As the worlds largest saver, China is
playing a major role in the shifting postcrisis global financial landscape.
The value of the countrys domestic financial assetsincluding equities,
bonds, and loanshas reached $17.4 trillion and now trails only that of
the United States and Japan. In cross-border capital flows, China has
defied global trends: foreign direct investment (FDI), cross-border loans
and deposits, and foreign portfolio investments in equities and bonds
are up 44 percent over their 2007 level. Since 2009, Chinese loans to
Latin America have exceeded those of both the Inter-American
Development Bank and the World Bank. Total foreign investment into
China reached $477 billion at the end of 2011, exceeding the 2007 peak
of $331 billion.
8. Manufacturings makeover
Besides playing a part in helping to
solve Chinas environmental troubles, manufacturing faces a range of
new challenges: rising wages and other factor costs, growing consumer
sophistication, more complex value chains, and heightened volatility.
Many of the barriers to operational improvement are organizational, not
technical: too many managers still lack the experience to identify root
causes of inefficiency. Chinese companies have to get beyond the
faster, cheaper fixation thats characterized their approach to R&D in
recent decades, adapt supply chains to a new consumer reality, and

Pochain Sawal
Pochain Question