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China is considered as one of the rapidly developing country in the world, in terms of

economy, availability of multinational companies, enhanced technology and cultural
diversity. Coming from a developing country which is still in a verge of progress, I see
many scopes for myself in my country afterwards. I believe to overwhelm myself with
enough skills and knowledge required for gaining in-depth understanding of business
world over here. Besides that, education system of China has got Academic excellence
with worldwide recognition focusing on research and practical experiences. Along with
that, China is also well recognized for studying business related programs in world class
universities. Apart from that, I am learning Chinese language and culture which is an
adjunct for a business student like me. And, I am enjoying this transcultural approach
very much.

I visited a some places over a year stay, including some places tourist sites like Chengdu
Zoo, ancient city, Chengdu research base of giant panda Breeding, etc., as well as a
Chinese University, markets, an old courtyard house and restaurants amongst it all, what
struck me most was the friendliness people showed me, and their genuine desire to
converse, in English or in Chinese, about a range of topics – from Academic issue, country
What Africa, Ethiopia was like and so on. There were a host of almost topsy-turvy
differences between my own country and China. The main attraction of Chengdu, Sichuan
is food. As a lover of spicy food, the foods of Sichuan suits me. I ate food like Hotpot,
maochai, chowarchowar, etcetra. I like these food because of their spicy nature which
makes the food more delicious. Another best thing of Sichuan is tourism. Lots of tourists
arrive to Sichuan to visit many beautiful places of Sichuan.

Along with that, I got chance to know about some festivals of china like spring festival,
lantern festival and mid-autumn festival, etc. China is rich in its culture. Lots of festivals
prevails in china. Along with that, they have lots of traditions like tea culture, traditional
Chinese medicine and lots of customs. These traditions and customs are regarded as one
of the ancient culture in world.

As a business student let’s talk about Chinese business in detail, Observing china as
business prospective, I found china has high prospective in business.

The second is very fast technological progress. bank and credit instruments and automated technologies. According to IMF the investment rate (the ration of investment to output) in China is between 40% and 45% of output. from central Europe to Russia and the other former Soviet republics have experienced a large decrease in output at the time of transition. Today both our cultures are exchanging valuable digital technologies. the investment rate in the USA is only 17%. The Chinese prefer face-to-face meetings rather than written or telephone communication. China’s economy. Chinese government follow the strategies of encouraging foreign firms to come and produce in china. More capital means higher productivity and higher output.According to IMF China is now the world’s 2nd and largest economy both in purchasing power parity and World nominal GDP after United States. It increasingly seen as one of the major economic powers in the world. Another aspect of the strategy has been to encourage joint ventures between foreign and Chinese firms. a very high number. The international economic and trade relations between China and Africa is China helped Africa with variety of light industrial. this has increased productivity and output. For comparison. Meals and social events are not the place for business discussions but . The global economic crisis is not over. As foreign firms are typically much more productive than Chinese firms. Most still have growth rates far below that of China. social welfare and infrastructure projects. and is the largest manufacturing economy in the world as well as the largest exporter of goods in the world. which had averaged an annual growth rate of 10 percent for three decades until 2010. This is truly astonishing number: Where does growth come from? It is clearly comes from two sources: The first is very high accumulation of capital. it continues and China helps many European. agricultural. making Chinese firms work with and learn from foreign firm has made them much more productive. China is a global hub for manufacturing. Most of other countries. China is one of many countries which made the transition from central planning to a market economy. South American and African countries to deal with it.

if one wants to do business in China. Guanxi is the basic dynamic in personalized networks of influence. and cultural environment of the country as these can be difficult to manage and may hinder business development. The culture of guanxi is based on family. workplace. cannot be bought. 2009). it can only be earned. also known as xin. so it is important not to intertwine the two. The end of the Western World and The Birth of a New Global order. or a relationship between friends. trust is established on the positive feelings built by int. This trust. Therefore. China has a growing market infused with rapid industrial development and economic growth. US business people and organizations must understand the differences in the economic. Another important term for establishing business is Guanxi. China has a growing market infused with rapid industrial development and economic growth. and social networks. It stands for any type of relationship. which they do not have relationships with. The guanxiwang is created to build trust between businesses. Especially important is to learn about cultural and political differences and their impact on business practices and business conduct. and is a central concept in Chinese society. It is also common for Chinese businesses to conduct business with trusted friends.” . they must work hard to develop a long-term relationship that will provide mutual rewards. When China Rule the World. As the world’s 2nd largest trading nation after the United States. “Martin Jacques. To conclude. Even though social networks and business networks are different it is said that one must have a good personal relationship in order to successfully carry out business in a Chinese community.social etiquette is important to follow. whether it is a family relationship. Chinese people are very hesitant to trust strangers. They only trust those who are in their guanxi. Scholars have defined guanxi as a special kind of personal relationship in which long-term mutual benefits are more important than short-term individual gain. political. school. Guanxi is a Chinese term that literally means relationships. China will continue to be an important business partner of the whole world. There is a demarcation between business and socializing in China. (New York: Penguin Press. it is a key element in network relationships.