Chinas Growing Economy

1
Chinas Growing Economy
2
Objective

• What do we as Americans have to do to prepare for
  a Chinese superpower?
• What should we expect?

3
History

• November 20, 2001-China joins World Trade
  Organization (5)

4
Chinese Culture

• Have more faith on trust, less on contracts (4)
• Less focused on the individual (4)
• Important personal relationships (2)
• Negotiate more (2)

5
Chinas Legal, Ethical Issues

• Workers not allowed to unionize (5)
• Manipulating yuan, their currency to make exports
  cheaper (5)
• Chinese violations of U.S. patents cost U.S. 100
  billion a year

6
Resources Coming From China

• Worlds biggest coal producer (5)
• Makes 2/3 of worlds DVD players, microwaves,
  shoes (5)
• Lenovo bought IBMs PC division (6)
• Now sells all PCs that IBM used to sell
• Goods from China cheaper than U.S. can make them
  (5)
• Damaging sales of U.S.-made goods

7
Resources Coming From China

• In 2004 Chinese exports to U.S. worth 196.7
  billion (5)

8
Resources Coming From China

• Furniture exports worth 1.04 billion in 1998 (9)

9
Chinas Use of Resources

• 2nd biggest oil consumer (5)
• Contributes to increasing oil cost