INTB 1209 Lecture Notes - Lecture 14: Foxconn, Foreign Direct Investment, Social Stratification
25 Feb 2016
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Document Summary
China, like most asian countries are believers of team work as opposed to independent style of work. Social hierarchy and seniority also play a very important role. China firmly believes in the concept that individual goals should take a backseat when interests of the country and community surface. In china, it pays off to be well connected. Chinese market, it must understand this essential aspect. The gdp is said to be closer to 10. 8 trillion usd. As of 2014, china stands as the second largest economy in the world. China is the largest recipient of fdi or foreign direct investment. Dim-sum bond market was set up in order to help establish rmb offshore liquidity. Chinese labor force has steadily increased over the years. Though china is currently witnessing an increase in borrowers debt, chinese government has the required capacity to withstand a financial crisis. Environmental pollution is a growing concern for china.
