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Essay / Research Paper Abstract
This 5 page paper discusses doing business in China from the point of view of international organizations. Bibliography lists 5 sources.
Page Count:
5 pages (~225 words per page)
File: D0_HVChinaE.rtf
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Unformatted sample text from the term paper:
the world economy (China becoming new engine for world economy, 2003). This paper examines that economy from the point of view of global business. Discussion Research has revealed there are
many more sources describing China with words like "opportunity," "growing," "investment" and so on than there are ones calling it "difficult" or "unfair." That is to say, it appears that
the international community has more to gain from trading with China than it does from avoiding it. The "watershed" event in "Chinas commercial relationships with the international community was the
countrys entry into the World Trade Organization (WTO)" (Reuvid, 2005). China has largely adhered to the requirements of membership, "lowering import taxes and removing formal trade barriers" (Reuvid, 2005). In
the case of trade disputes, China has followed the WTO dispute resolution procedures; in other words, it appears that China is taking it responsibilities as a WTO member quite seriously
(Reuvid, 2005). The main result of WTO membership for Chinas economy "has been steadily increasing exports, imports of raw materials and capital equipment and even more foreign direct investment
which has stimulated both industrial production and consumption further" (Reuvid, 2005). However, Chinas entry into the WTO is not the reason for its exponential growth; that is, we dont need
to look for a cause-effect relationship here (Reuvid, 2005). Chinas economy has been growing strongly for almost 20 years even without WTO membership (Reuvid, 2005). What joining the WTO has
done for the nation, however, is to open up its domestic market, "in particular retailing and financial services, to foreign investors" (Reuvid, 2005). Its axiomatic that any developing country needs
foreign investors if it is to grow and develop. WTO membership has also revealed the international communitys urgency for China to reform and restructure its banking system as soon as
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