China is on track to become the world’s largest economy in coming years. Research the implications of this development and draft a document addressing the following:
- What would be the impact of China’s economy on:
- The world trading system
- The world monetary system
- Western-based global corporations
- How might the concepts of guanxi and guanxiwang come into play? Are there any ethical considerations for a western business?
- Discuss three cultural tips for US businesspeople doing business in China.
Please provide your answers in a 3- to 4-page Microsoft Word document.
Support your responses with examples.
Cite any sources in APA format.