This report offers a comprehensive analysis of global business operations, focusing on the USA and China. It begins with PESTEL analyses of both countries, evaluating political, economic, social, technological, environmental, and legal factors. The report then applies Porter's Five Forces to assess industry competition in both regions. It delves into the risks associated with international partnerships, particularly the acquisition of Smithfield Foods by Shuanghui International, and compares the ventures. The report also examines national and corporate cultures using Hofstede's model and Trompenaars' theory, highlighting their impact on business practices. Furthermore, it addresses exchange rate movements and the challenges of doing business internationally, providing a well-rounded perspective on global business strategies and risks.