China

China is the largest country in East Asia, and the most populated one. Is placed in the eastern part of the Asian continent and is one of the richest countries in the world.

China is one of the world´s oldest countries having the richest history of the world that dates from more than 5000 year ago. It used to be an open country full of commerce and trade tradition with the whole world, but during a long period of time their governors decide to close their frontiers and they close the economy isolation the country from the rest of the world. Some time ago they reopen the frontiers and they start trading again with the world. Then a communist revolution won the control of the government and since then they have had a communist economical system, but they discovered that it was better to manage an open economy and for this reason their economical system is considered a kind of capitalism for the international trade but a communism for the internal matters.

China is considered as “the factory of the world” because most of the products are made there it includes all kind of products from toys and clothes to technological products such as TVs and more. Since the open to the world, china has got a lot of development from the system of production and services they have.

The Chinese culture and the government style are very important to understand the development of the country. There are some aspects like the obedience and the respect for the others that have been very helpful for the great achievements of this country.

Bibliography:

1. Slides presented in class by: Juan Manuel Betancourt, Manuela Restrepo, and Sara saldarriaga.

2. http://es.wikipedia.org/wiki/República_Popular_China

Answer

For the Chinese people, it is very important the concept of “Guanxi” that means “personal conections” (according to the presentation given by: Juan Manuel Betancourt, Manuela Restrepo, and Sara saldarriaga). It is very important for chines to build up personal relations for every stage of their lives.

According to Dr. Pablo Mejia, it is really important to build up a good connection, a relationship with the Chinese you are trying to deal with because for them the relations means everything, is that important that you can fail a negotiation only because of the fact that you haven´t build the proper relation with the other.

I thing that one of the facts of the successful of the Chinese system is the use of the external relations, they were late for the development of the region but after they got confidence and make the proper relations they were like awake and pass the other countries that build their relations based in the business itself not in a relation person to person as the Chinese do.

This relationship could be misunderstand because could look like corruption because favors are made for the people inside the “guanxi” circle it is a relation in which you give and receive, it’s a relation of complementary, I help you if you help me later. It doesn’t mean that they are corrupted; they are just used to manage their lives according to this social system.

The Chinese culture is different to the western culture but it should be well understand because of the continues growing of the Chinese economy at the point that it could be one of the super powers of the future.

Bibliography:

1. Slides presented by: Juan Manuel Betancourt, Manuela Restrepo, and Sara saldarriaga

2. Class: Estudios de Area Asia pacific by Dr: Pablo Mejia.

3. http://es.wikipedia.org/wiki/Guanxi

Taken from:http://www.youtube.com/watch?v=WvZDXRp148c