The Impact of China's Economic Reform on the Operations of International Firms

Contents1.Introduction2.Background2.1 chinaw be?s economic reform2.2 FDI in china3.Analysis and evaluation3.1 Chinese tap environment3.2 Chinese management culture3.3 Chinese human resource3.4 Chinese industrial traffic4.Conclusion5.References1. IntroductionSince mainland chinaware started economic reform in1978, chinas economy shifted from central bumptiousness to bargains, from agriculture to manufacturing and services, and from a closed to a world(a)ly-integrated economy. As a result, the Chinese economy has experienced spectacular development. According to China?s official statistics, the real GDP grew at an yearbook rate of 9.6 percent during 1979-2004 (NBS Jan 2006). More everyplace, China, with its low wage rates, an expanding domesticated grocery store and a stable economic increase, give a beefed-up temptation for multinational companies. At present, there are over 400 firms out of the good deal viosterol investing in more than 2,200 projects in China (Run ckel 2005). China?s sound economy has been the impudent frontier of growth in the global economy, and is quickly becoming a new growth locomotive for the world.

In the speech of Chinese president Hu Jintao delivered at the 2005 Fortune Global Forum, he promised that China would withstand opening up its market, find new ways of apply hostile capital, reform on legislations and regulations for encouraging and protecting contradictory investors, revamp international economic management, step up surety of intellectual attri only whene rights, and work still harder to help foreign investors and create an tear down bette r environment for trade and economic co exer! cise between China and the rest of the world ( CNN 17 May 2005). Based on the background of China?s economic reform, this paper studies the touch on on operation of international firms in four aspects: China?s market environment, management culture, human resource and industrial relations. It argues that China?s economic reform brought a unadorned opportunities for international firms, but Chinese immature market regulations, eccentric management culture, wish of management talents and an uneasy industrial relations would probably become... If you require to get a full essay, line of battle it on our website: OrderCustomPaper.com

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