China's Market Cultural Report

Running head: MARKET CULTURAL REPORT
MARKET CULTURAL REPORT
Name of the Student
Name of the University
Author Note

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Table of Contents
Introduction................................................................................................................................3
Discussion..................................................................................................................................5
Cultural Analysis of China.....................................................................................................5
Integrating these Cultural components with the business environment of China..................8
Comparing the culture of China with that of the home country Malaysia:............................9
Hofstede’s 5 cultural dimensions analysis...........................................................................10
Hofstede’s five Cultural Dimensions for China...................................................................11
Conclusion................................................................................................................................13
References................................................................................................................................14

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Introduction
The country China, also known as the People`s republic of China is one of the largest
countries of East Asia. Occupying approximately the entire East Asian landmass, it occupies
one-fourteenth of the land mass of the planet and has the largest population in the world. The
country has thirty-three administrative units under the domain of the Central Government.
The capital of the nation is Beijing, which is also the communication, economic and cultural
capital of the country (Shambaugh, 2013). The leading port and commercial centre is Hong
Kong, with Shanghai being the industrial city of China.
The country is highly complex and a diverse country in terms of climate. The climate
ranges from extremely arid conditions in the northwestern part of the country to southeast
with one of the greatest contrasts in temperature. This diversity has resulted in the world`s
widest collection of ecological niches, with these being rich in a vast variety of animals and
plants of all kind. In terms of history, China is one of the few civilizations, which are still
existing (Poston Jr. & Yaukey, 2013). The Chinese civilization flourished both culturally and
economically in its earliest stages.
Although there have been cases of social and political turbulence in the country,
China has shown commendable longevity and resilience in its cultural-political unit. This
country has developed its culture without much outside intervention, Buddhism from India
being the only exceptional case. This non-existence of any intervention from the outside
world, although made China a culturally rich country, but it also left China paralyzed when
faced by the technologically superior nations (Scharping, 2013). Amongst this foreign on
slaughter, China found itself in a weak position. However, this inability brought about a
revolution, which fought against the old regime and gave rise to the establishment of a
communist regime. This was the turning point for China, where thereafter the nation was

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reshaped in every aspect including political, business and infrastructure. Since then China has
become one of the most influential and powerful countries in the world
The economy of China is one of the largest in the world for the last few years during
which it has witnessed the cycles of decline as well as prosperity. The country is the world`s
second largest economy in terms of GDP (Gong, 2012).The country has built itself into an
economic giant with trillions of reserved and Foreign Direct Investment opportunities. China
in the global economy. The country is also the largest international holder of United States
debt owning over $ 1.15 trillion in their treasury bonds. With high rankings in the Global
Competitiveness Index, China has low rankings in terms of economic freedom
The country has made huge investments in terms of scientific research. The Chinese
believe that science and technology are vital for the achievement of the country`s political
and economic growth. They have been developing their educational system as well especially
in the domain of mathematics, science and engineering (Jiang, 2013). Some of the brands of
Chinese technology like Huawei and Lenovo have become world leaders in personal
computing.
China realized the dependence of its economic system on the US Dollar and
recognized this weakness in its international monetary system. It improvised the system and
because of this, the Chinese currency became the eighth most traded currency in the world.
This report throws light on the environment of China with special aspects to the cultural and
business in the nation (Yin, 2013). It includes a study of Hofstede`s five cultural dimensions
of China.
China has been chosen as the country in the assignment because when the topic of
international business arises, China is a lead player in the global market and the highest