China is the only fastest major growing nation with an average annual GDP growth rate of at least 10%. In 2007, China was ranked 1st by current account balance of USD 262.2 billion dollars (9% of GDP).China’s rapid development of its economy is no threat to any other country but an important opportunity for other [...]
Posts Tagged ‘Chinese Business’
Business Culture in China
Posted by admin on November 14th, 2009
Chinese business culture and etiquette The Chinese business practice is vastly different from the Western method that most of us may be used to. Of course, with the Chinese economy opening up, China’s joining of WTO and the Olympics in 2008, many Chinese business practice are now beginning to align with more conventional methods.However, China [...]
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