An Open China

Description:

China is the largest developing country in the world. After carrying out the openning policy, China is no longer a mysterious country but a huge market with both opportunity and challenge to the world. China takes part in both international business and political issues more and more. Also there are more and more foreign investors come to China. China has already joint into the WTO, and has to open the steel, automobile, telecommunication and banking industry to foreign international companies by decreasing the tariff. There will be huge impact to the global because of an open and powerful China.

Enablers:

- China joint into the WTO:
- Good economic performance in China
- Global economic is not at booming:
- More and more Chinese going abroad:
- Huge development of telecommunication technology:
- Good experience of those early investors in China:
- More and more mature law system in China:
- Many big worldwide events take place in China:

Inhibitors:

- The possibility of war against Taiwan:
- The bad by-product of openning policy:
- A small number of countries impede on China's opennin process:

Paradigms:

An open China would play an important role in international business and political issues.With the cooperation with worldwide companies, China is becoming richer and richer. People now have more and more depositable money. A richer China also bring economic benefits to the world. It is reported that Chinese tourists spend more money than people from any other countries in Paris and Australia. Such a huge market with people ready to buy will impact other countries government when they are making decision. They will take China into serious consideration. With more and more people finishing their high level education, China is not only a centre of labor-intensive industries but is becoming a centre of intelligence-intensive industries also. International companies are facing the competition with local companies with good knowledge of local market and good relationship with local people. Furthermore, local companies would think about how to compete with these international companies with millions of dollars, professional management and skills. An open China would also have great inflence on maintaining the worldwide peace.

Timing:

-China and the U.S set the diplomatic relationship in 1979.
-China began to carry out the openning policy in 1978.
-China set up Shenzhen special economic zone in 1980.
-China joint into the WTO on Dec.11th,2001.
-China will cancel the tariff for telecommunication equipments before 2005.
-The 2008 Olympic Games will be held in Beijing.
-The World Expostition will be held in Shanghai.

Web Resources:

Impact to China of joining into the WTO(in Chinese)
Expectation of Chinese economy