2. BRIEF FACTS OF - CHAINA
• China is believed to have the oldest
continuous civilization. China has over 4,000
years of verifiable history.
• BEIGING is the capital of China and is the focal
point for the country.
• Mongolian, Tibetan, Uyghur, Zhang are
official languages of China.
•
3. • A Communist form of government rules China.
• There is only single party SOCIALIST STATE.
• National People’s Congress is the Legislature of
China.
• Total area of china is 97,06,961 km which Is 3/4th
of
land of world.
• China occupies 1st
position in the population with
1.39 billons. 373 people lives per sq mi.
4. • GDP of china is $8.939 trillion. It gets 2nd
rank
for fastest GDP increasing country in the
World.
• Renminbi (yuan) (¥) is the currency of China.
• yyyy-mm-dd is the date format in china.
• China people drives on the Right,and Calling
code is +86.
8. Business environment facts -
CHINA
• China is the 4th
largest country in the world.
• 1 in 5 people are a resident of China.
• In 2013 China became is the world’s largest
exporter. 20% of all china’s exports go to the US.
• China is the world’s largest apple producer.
• China has the world’s largest manugacturing
workforce with over 12 million workers.
• With almost half a billion pigs , china is
t world’s largest pork consumer and
• producer.
9. China Economy facts
• China is the best example of communist economy.
• China’s economy has been growing 9% to 10 % on
average for roughly the last 30 yrs.
• It is now the 2nd
largest economy in the world,
officially overtaking Japan in feb 2011.
• In 2040 the Chinese economy will reach $123
trillion.
Investment bank Gokman Sachs
predicts China’s economy will surpass
the US’s by 2027.
15. Course Of Reforms- CHINA
Economic reforms began after Deng Xiaoping and
his reformist allies ousted the Gang of Four Maoist
faction. Reforms has 4 phases.
• 1978-84 :- Deng’s first reforms began in agriculture,
a sector long neglected by the communist party.
• 1984-93 :- China’s govt slowly expanded recognition
of the private economy first as a “complement” to the
state sector (1988).
• 1993-2005 :- In the 1990s, Deng forced many of the
conservative elders such as Chen Yun into retirement,
allowing radical reforms to be carried out.
16. • The domestic private sector first exceeded 50% of
GDP in 2005 and has further expanded since. Also
in 2005, China was able to surpass Japan as the
largest economy in Asia.
• 2005–present :- The conservative Hu-Wen
Administration began to reverse some of Deng
Xiaoping's reforms in 2005. Observers note that the
government adopted more egalitarian and populist
policies.
18. Central bank of china
• The People's Bank of China is the central bank of
the People's Republic of China with the power to
control monetary policy and regulate financial
institutions in mainland China.
• The bank was established on December 1, 1948,
based on the consolidation of the Huabei Bank, the
Beihai Bank and the Xibei Farmer Bank. The
headquarters was first located
in Shijiazhuang, Hebei, and then moved to Beijing
• in 1949. present governor:- Zhou Xiaochuan
19. CHINA - CONSTITUTION
• The draft of 1982 Constitution of China was
prepared by the Central Committee of the
Communist Party of China after prolonged
nationwide discussions spread over a span of 2
years.
FEATURES :-
Written constitution
Flexible constitution
No Discrimination and Exploitation
Unitary System
22. CHINA POPULATION FACTS
• Over 71% of the Chinese population is of working
age, aged between 15 and 64.
• Among children aged 0 to 15 there are 116 boys for
every 100 girls.
• 51% of the population in china is MALE.
• 53% of the population in china lives in URBAN area.
• More than 70% of respondents to a Chinese online
survey said they were willing to have a second child.
23. China – One Child Policy
• 1979 – One child policy
*1980s – parents in rural areas may
have 2 children if the first is a girl.
*1990s – city parents may buy a
permit (costing one year’s wages)
for a second child
*Punishment: abortion, mothers
held in detention centres,
sterilization, fines eviction from
home.
24. Government Propaganda for the One Child
Policy
For those with one child:
1.Free Education for your one
child.
2.An extra months salary per
year until your child is 14.
3.A house normally reserved
for a family of 4.
4.Pension benefits.
For those with 2 children:
1.No free education
2.No allowances
3.No pension benefits
4.Payment of a fine to the state
from earnings
5.Demotion at work, or even
unemployment
25. Fiscal policy- china
• china has implemented prudent fiscal policy in 2014.
• The main purpose of prudent fiscal policy is to control the
deficit, adjust structure, promote reform, increase
revenue and reduce expenditures.
• The defence budget will be allocated 480.686
billion yuan.
• The allocation of 220.833 billion yuan will be made
for providing improved subsistence allowances to
urban and rural families.
• The implementation of policy for the subsidization
of domestic appliances and vehicles for rura
residents will be allocated 103.341 billion yuan.
26. China- Business Etiquette
• Cultural Facts:
Very exact rules about human relationship.
Correct names, correct placement and correct
etiquettes paramount to Chinese.
Naming culture.
Hand things with two hands.
The written word is the highest art form.
Very aware of other cultures and on foreign trips
represent their country.
Avoid political comment.
27. Business Dress
Men: Jackets for meetings and dinners
Women: Business suits, blouses with high neckline,
low heels to avoid being taller than the host.
White is used in funerals so wear other colors in
important occasions
Avoid too much of perfume.
28. Other Facts
The Chinese prefer hand gestures to be kept to a minimum, Personal
contact like hugging should be avoided , Shaking hands is
acceptable, Colleagues are addressed with title and last name only,
Direct eye contact is avoided.
In most restaurants in Chinese countries, there is no tip required
unless it is explicitly posted. Series of meetings, rather than just one
Meetings are about building relationships and exchanging
information, Decisions are made in consensus style discussions This
approach to meetings requires patience.
The Chinese do not directly say “no”.
People are expected to enter the meeting room in hierarchical order
Chinese assume that the person entering the meeting room first is
the head of the delegation.
29. CHINESE TECHNOLOGY
• CHNESE FAMOUS TECHNOLOGY PRODUCTS:
High Voltage Transmission.
High-Speed Rail
Advanced Coal Technologies
Nuclear Power
Alternative Energy Vehicles
Supercomputing
Converting Sunlight Into Usable Fuel
