The People's Republic of China

Basic Information

Geography: Eastern Asia, bordering the East China Sea, Korea Bay, Yellow Sea, and South China Sea, between North Korea and Vietnam.Total Area: 9,596,961 sq kmPopulation:1.343 billionGovernment type: Communist stateCapital: BeijingIndependence: 1 October 1949National symbol: dragonCurrency: Yuan

Chinese Culture Ethnic Groups: China is made up of 56 ethnic groups. The Han Chinese make up 91.5% of the total population and other nationalities 8.5%.

Languages: Standard Chinese or Mandarin, Yue, Wu, Minbei, Minnan, Xiang, Gan, etc.

Religions: Buddhism, Taoism, Islam, Catholicism and Protestantism and etc.

Social Values: The hierarchical structure of social life; the cultivation of morality and self-discipline and the emphasis on hard work, achievement, and etc.

Hofstede Analysis for China

Power Distance IndexThe Chinese society is characterized by a very high level of inequalities in power and wealth.Individualism Vs CollectivismChina has been strongly marked by collectivism, which the society has a strong loyalty towards the group.Masculinity Vs FemininityChina is relatively more masculine country and this is influenced by the great discrimination in China towards females.Uncertainty Avoidance IndexChina presents a high degree of acceptance of uncertainty.Short Term Orientation Vs Long Term OrientationChina is more focusing on long term aspects rather than short term aspects in their businesses.

Economy in China

Population growth rate: 0.481%

GDP (purchasing power parity): $11.44 trillion

GDP (official exchange rate): $7.298 trillion

GDP - real growth rate: 9.2%

GDP - per capita (PPP): $8,500

Income level: Upper middle income

Life expectancy at birth: 74.84 years

Literacy Rate: 92.2%

Labor force: 795.5 million

Population below poverty line: 13.4%

Unemployment rate: 6.5%

Birth rate: 12.31 births/1,000 population

Death rate: 7.17 deaths/1,000 population

Net migration rate: -0.33 migrant(s)/1,000 population

Maternal mortality rate: 37 deaths/100,000 live births

Infant mortality rate: 15.62 deaths/1,000 live births

Investment (gross fixed): 54.2% of GDPcountry comparison to the world: 1Budget:revenues: $1.646 trillionexpenditures: $1.729 trillion (2011 est.)

Budget surplus (+) or deficit (-): -1.1% of GDP

Inflation rate (consumer prices): 5.5%

Industrial production growth rate: 13.9%country comparison to the world: 6

Exports: $1.904 trillion (country comparison to the world: 1)Exports - partners:US 17.1%, Hong Kong 14.1%, Japan 7.8%, South Korea 4.4%, Germany 4%

Imports: $1.743 trillion (country comparison to the world: 3)Imports - partners:Japan 11.2%, South Korea 9.3%, US 6.8%, Germany 5.3%, Australia 4.6%

Reserves of foreign exchange and gold: $3.236 trillioncountry comparison to the world: 1

Stock of direct foreign investment - at home: $781.8 billion

Stock of direct foreign investment - abroad: $322 billion

Current account balance: $201.7 billioncountry comparison to the world: 1

Transportation in China

Airports: 497

Heliports: 50

Pipelines: gas 38,566 km; oil 23,470 km; refined products 13,706 km

Railways: 86,000 kmcountry comparison to the world: 3

Roadways: 3,860,800 kmcountry comparison to the world: 2

Waterways: 110,000 km (navigable waterways)country comparison to the world: 1

Merchant marine: 2,030country comparison to the world: 3

Technological Development in China

Telephones - main lines in use: 294.383 millioncountry comparison to the world: 1

Telephones - mobile cellular: 859 millioncountry comparison to the world: 1

Internet Users: 450 million hostcountry comparison to the world: 1

Computer & Electronics:China now has the world’s fastest supercomputer, after taking the title from the U.S. in 2012. China’s Tianhe-1A has with 262 terabytes of memory and is housed in 140 refrigerator-sized cabinets. China is the world’s leading electronics exporter, which exported US$933.4 billion worth of mechanical and electrical products in 2011.

Multinational Companies in China Revenues ($ Mn)

Company Global Rank

Sinopec Group 5 273,422China National Petroleum 6 240,192State Grid 7 226,294Industrial & Commercial Bank of China 77 80,501China Mobile Communications 87 76,673China Railway Group 95 69,973China Railway Construction 105 67,414China Construction Bank 108 67,081China Life Insurance 113 64,635Agricultural Bank of China 127 60,536Bank of China 132 59,212Noble Group 139 56,696Dongfeng Motor 145 55,748

Multinational Companies in China Revenues ($ Mn)

Company Global Rank

China State Construction Engineering 147 54,721China Southern Power Grid 149 54,449Shanghai Automotive 151 54,257China National Offshore Oil 162 52,408Sinochem Group 168 49,537China FAW Group 197 43,434China Communications Construction 211 40,414Baosteel Group 212 40,327CITIC Group 221 38,985China Telecommunications 222 38,469China South Industries Group 227 37,996China Minmetals 229 37,555China North Industries Group 250 35,629

Legal Structure & Politics in China

Civil law influenced by Soviet and continental European civil law systems; legislature retains power to interpret statutes.

Executive branch:This includes chief of state; President & Vice President, head of government; Premier, Executive Vice Premier, Vice Premiers, cabinet; State Council appointed by National People's Congress.

Legislative branch:The primary organs of state power are the National People's Congress (NPC), the President, and the State Council. Under the Chinese Constitution, the NPC is the highest organ of state power in China.

Judicial branch:Supreme People's Court, Local People's Courts, Special People's Courts (primarily military, maritime, railway transportation, and forestry courts).The Supreme People's Court is the highest trial organ in the country and exercises its right of trial independently.

Chinese Communist PartyThe 58 million members CCP, authoritarian in structure and ideology, continues to dominate government and society.

Central leaders must increasingly build consensus for new policies among party members, local and regional leaders, influential non-party members, and the population at large.

Business Schools in China

1. China Europe International Business School (CEIBS)

2. Guanghua School of Management

3. Tsinghua School of Economics & Management (SEM)

4. Cheung Kong Graduate School of Business 

5. Beijing International MBA (BiMBA) at Peking University

6. HKUST Business School

7. School of Management, Fudan University

8. Shanghai Economic Management College

9. University of International Business and Economics