2. Basic Information
Geography:
Eastern Asia, bordering the East China Sea, Korea
Bay, Yellow Sea, and South China Sea, between North
Korea and Vietnam.
Total Area: 9,596,961 sq km
Population:1.343 billion
Government type: Communist state
Capital: Beijing
Independence: 1 October 1949
National symbol: dragon
Currency: Yuan
3. Chinese Culture
Ethnic Groups: China is made up of 56 ethnic groups.
The Han Chinese make up 91.5% of the total population
and other nationalities 8.5%.
Languages: Standard Chinese or
Mandarin, Yue, Wu, Minbei, Minnan, Xiang, Gan, etc.
Religions: Buddhism, Taoism, Islam, Catholicism and
Protestantism and etc.
Social Values: The hierarchical structure of social life;
the cultivation of morality and self-discipline and the
emphasis on hard work, achievement, and etc.
4. Hofstede Analysis for China
Power Distance Index
The Chinese society is characterized by a very high level of
inequalities in power and wealth.
Individualism Vs Collectivism
China has been strongly marked by collectivism, which the
society has a strong loyalty towards the group.
Masculinity Vs Femininity
China is relatively more masculine country and this is
influenced by the great discrimination in China towards females.
Uncertainty Avoidance Index
China presents a high degree of acceptance of uncertainty.
Short Term Orientation Vs Long Term Orientation
China is more focusing on long term aspects rather than short
term aspects in their businesses.
5. Economy in China
Population growth rate: 0.481%
GDP (purchasing power parity): $11.44 trillion
GDP (official exchange rate): $7.298 trillion
GDP - real growth rate: 9.2%
GDP - per capita (PPP): $8,500
Income level: Upper middle income
Life expectancy at birth: 74.84 years
Literacy Rate: 92.2%
Labor force: 795.5 million
Population below poverty line: 13.4%
Unemployment rate: 6.5%
6. Birth rate: 12.31 births/1,000 population
Death rate: 7.17 deaths/1,000 population
Net migration rate: -0.33 migrant(s)/1,000 population
Maternal mortality rate: 37 deaths/100,000 live births
Infant mortality rate: 15.62 deaths/1,000 live births
Investment (gross fixed): 54.2% of GDP
country comparison to the world: 1
Budget:
revenues: $1.646 trillion
expenditures: $1.729 trillion (2011 est.)
Budget surplus (+) or deficit (-): -1.1% of GDP
Inflation rate (consumer prices): 5.5%
Industrial production growth rate: 13.9%
country comparison to the world: 6
7. Exports: $1.904 trillion (country comparison to the world: 1)
Exports - partners:
US 17.1%, Hong Kong 14.1%, Japan 7.8%, South Korea
4.4%, Germany 4%
Imports: $1.743 trillion (country comparison to the world: 3)
Imports - partners:
Japan 11.2%, South Korea 9.3%, US 6.8%, Germany
5.3%, Australia 4.6%
Reserves of foreign exchange and gold: $3.236 trillion
country comparison to the world: 1
Stock of direct foreign investment - at home: $781.8 billion
Stock of direct foreign investment - abroad: $322 billion
Current account balance: $201.7 billion
country comparison to the world: 1
8. Transportation in China
Airports: 497
Heliports: 50
Pipelines: gas 38,566 km; oil 23,470 km; refined products
13,706 km
Railways: 86,000 km
country comparison to the world: 3
Roadways: 3,860,800 km
country comparison to the world: 2
Waterways: 110,000 km (navigable waterways)
country comparison to the world: 1
Merchant marine: 2,030
country comparison to the world: 3
9. Technological Development in China
Telephones - main lines in use: 294.383 million
country comparison to the world: 1
Telephones - mobile cellular: 859 million
country comparison to the world: 1
Internet Users: 450 million host
country comparison to the world: 1
Computer & Electronics:
China now has the world’s fastest supercomputer, after taking
the title from the U.S. in 2012. China’s Tianhe-1A has with
262 terabytes of memory and is housed in 140 refrigerator-
sized cabinets. China is the world’s leading electronics
exporter, which exported US$933.4 billion worth of
mechanical and electrical products in 2011.
10. Multinational Companies in China
Revenues ($ Mn)
Company Global Rank
Sinopec Group 5 273,422
China National Petroleum 6 240,192
State Grid 7 226,294
Industrial & Commercial Bank of China 77 80,501
China Mobile Communications 87 76,673
China Railway Group 95 69,973
China Railway Construction 105 67,414
China Construction Bank 108 67,081
China Life Insurance 113 64,635
Agricultural Bank of China 127 60,536
Bank of China 132 59,212
Noble Group 139 56,696
Dongfeng Motor 145 55,748
11. Multinational Companies in China
Revenues ($ Mn)
Company Global Rank
China State Construction Engineering 147 54,721
China Southern Power Grid 149 54,449
Shanghai Automotive 151 54,257
China National Offshore Oil 162 52,408
Sinochem Group 168 49,537
China FAW Group 197 43,434
China Communications Construction 211 40,414
Baosteel Group 212 40,327
CITIC Group 221 38,985
China Telecommunications 222 38,469
China South Industries Group 227 37,996
China Minmetals 229 37,555
China North Industries Group 250 35,629
12. Legal Structure & Politics in China
Civil law influenced by Soviet and continental European civil
law systems; legislature retains power to interpret statutes.
Executive branch:
This includes chief of state; President & Vice President, head
of government; Premier, Executive Vice Premier, Vice
Premiers, cabinet; State Council appointed by National
People's Congress.
Legislative branch:
The primary organs of state power are the National People's
Congress (NPC), the President, and the State Council. Under
the Chinese Constitution, the NPC is the highest organ of state
power in China.
13. Judicial branch:
Supreme People's Court, Local People's Courts, Special
People's Courts (primarily military, maritime, railway
transportation, and forestry courts).
The Supreme People's Court is the highest trial organ in the
country and exercises its right of trial independently.
Chinese Communist Party
The 58 million members CCP, authoritarian in structure and
ideology, continues to dominate government and society.
Central leaders must increasingly build consensus for new
policies among party members, local and regional
leaders, influential non-party members, and the population at
large.
14. Business Schools in China
1. China Europe International Business School (CEIBS)
2. Guanghua School of Management
3. Tsinghua School of Economics & Management (SEM)
4. Cheung Kong Graduate School of Business
5. Beijing International MBA (BiMBA) at Peking University
6. HKUST Business School
7. School of Management, Fudan University
8. Shanghai Economic Management College
9. University of International Business and Economics
