International Corporate Finance College Essay Example | Topics and Well Written Essays - 2000 words

International corpopace Finance College - Essay ExampleIts population is estimated to be about 1,306,313,812 as of July 2005 make it the worlds most inhabited nation. It has strictly advocated the One child policy in 2002 to control its population but the downside of it is that it is now one(a) of the rapidly aging nations in the world. Its population is said to peak to 1.6 billion by 2050 before stabilising. subtlety In China, business meetings are often very slow, and the businesses are built on assurance of a good relationship. The person in charge is addressed most respectfully, and refusal of ethnic or exotic nutriment or drink is considered as a slight. All business done in China leave need to be programmed for a long term since it takes a while to establish trust and solve the enterprise in the Chinese landscape. Business deals and negotiations are better done with the presence of a local anaesthetic partner who not only deals with the corruption in the government sec tor but is also given to dealing with local undertaking and mitigates risks due to cultural differences.Economy Chinas economy grew at an average rate of 10% per year during the period 1990-2004, the highest growth rate in the world. Chinas gross domestic product (GDP) grew 9.3% in 2003, and even faster, 9.5%, in 2004, despite attempts by the government to cool the economy. Chinas total switch over in 2004 surpassed $1.1 trillion, making China the worlds third-largest trading nation after the U.S. and Germany.The Chinese government is firmly committed to economic reforms and outset up to the outside world. Government policies have moved markedly towards allowing market forces influence economic drill and have been reformed in order to assist in the progress of the price determination, foreign trade and investment, exchange rates, entry barriers, internal markets etc.All this seems to have paid off and at this menses rate of growth China is supposed to have the fourth largest G DP by 2010.The immediate age to follow are crucial for China. Chinas accession to the World Trade Organization (WTO) in 2001, China presents a vast market that has yet to be fully tapped and a low- represent destination for export-oriented production because it is labour intensive and has a surplus of labour due to its enormous population. Environment and infrastructure China is one of the most polluted nations in the world due to its rapid industrial advancement at the cost of its natural resources. A 1998 World Health Organization report on air quality in 272 cities worldwide concluded that seven of the worlds 10 most polluted cities were in China. It is no surprise that respiratory and heart diseases related to air pollution are the leading cause of death in China. to the highest degree of its rivers are polluted to some degree and half of its population does not have access to uninfected water. Water scarcity is a rampant problem. Chinas leaders are increasingly paying attent ion to the countrys repellent environmental problems. In recent years, China has strengthened its environmental legislation and in 1999, China invested more(prenominal) than 1% of GDP in environmental protection, Beijing is investing heavily in pollution control, as it is the host of the 2008 Olympiad. Education China was long lagging behind India for its mastery over the English language.