Political, Legal And Regulatory Environment Of China

Political, Legal and Regulatory Environment of China The People’s Republic of China is a single-party state that is governed by the Communist Party of China (Walton). The President of China is Xi Jinping and he also the General Secretary of the Communist Party of China and the Chairman of the Central Military Commission, which makes him China’s paramount leader (Moore and Phillips). The Premier of China is Li Keqiang, which is a role similar to the Prime Minister in England. The government in China is stable, despite the increasing power distance between the wealthy and poor. In the midst of this power struggle and protests by few citizens, a survey by Tony Saich at Harvard s Kennedy School of Government shows that between 80% and 95% of Chinese people were either relatively or extremely satisfied with central government (Jacques). Intellectual Property Rights are a major issue in China due to piracy and counterfeiting. According to one copyright industry association, the piracy rate remains one of the highest in the world (over 90 percent) and U.S. companies lose over one billion dollars in legitimate business each year to piracy (U.S. Department of Commerce). To combat the piracy and counterfeiting, China has passed an amendment to their criminal law that makes it illegal to bribe non-Chinese government officials. This was created to mirror the United States Foreign Corrupt Practices Act and make it easier for international companies to compete for business in China.Show MoreRelatedGlobal Marketing1078 Words   |  5 Pages2009). Because China has the most economic opportunities and presents the greatest threat to the personal and small business computer VMTECH Sys has identified a strategic need to establish a research and development division to be physically located in China. This research paper will ana lyze and review the economic opportunities and threats that VMTECH RD can expect to encounter as well as other market conditions which will affect the operations of a division located within China. Market EntryRead MoreExternal And Internal Environment Analysis835 Words   |  4 PagesMuch research and development goes into the marketing plan for any company. This often requires extensive external and internal environment analysis. When conducting external environmental analysis, a company must consider six factors. These factors include competition, economic growth, political trends, legal issues, advances in technology, and sociocultural trends (Ferrell Hartline, 2014). I have a strong interest in technology and gadgets. With that being the case, I chose the iPhone asRead MoreSwot Analysis Of Alibuba In China1093 Words   |  5 Pagesgiant with a portfolio of innovative smaller companies working within it. However, the fact that a vast majority of their revenue is generated in China (83% of their revenue from Chinese commerce in 2015 http://www.alibabagroup.com/en/news/press_pdf/p150507.pdf ) has led Alibaba to make a strong push to expand internationally. Alibaba mus t expand beyond China to achieve its aspirations as an international industry-leader and to continue its strong trend of growth. A viable market that Alibaba is expandingRead MoreBussiness in Pakistan1686 Words   |  7 PagesRisk Report September 28, 2011 Pakistan Country Risk Tier CRT-5 †¢ The Country Risk Tier (CRT) reflects A.M. Best’s assessment of three categories of risk: Economic, Political and Financial System Risk. †¢ Pakistan, a CRT-5 country, is itself the site of military and terrorist activity. Its fundamental lack of political stability is a challenge to its economic and financial outlook. Economic Risk Moderate Low High †¢ Regional instability and domestic bureaucratic inadequacies challengeRead MorePestel Analysis - Banking in China1112 Words   |  5 PagesUsing PESTEL analysis to understand the macro-environment that impacts the Banking Industry in China. Political Factors †¢ China has a socialist political system †¢ China has entered into the WTO and as part of the commitment to open up the banking industry, has issued the Rules for Implementing the Regulations Governing Foreign Financial Institutions in the People’s Republic of China , which allows Foreign financial institutions to provide foreign currency services to Chinese enterprisesRead MoreBarriers to Foreign Investment in the Chinese Internet Industry1675 Words   |  7 Pagesbusiness in China is not easy, even though the country has the largest Internet user population among all countries in the Asia-Pacific region. Chinese laws make foreign investment difficult, and the country -- quite unlike the United States -- has strict legal controls on information and distribution and poor enforcement of intellectual property laws. This article explains the barriers facing high-tech companies in China. [pic] Introduction | | China has the largestRead MorePollution on the Canadian Oil Sands: An Environmental Problem1809 Words   |  7 Pagesbusiness, including setting environment standards and funding environmental research. Also involved are the customers, which is why the Keystone project was so controversial it would have made the US the biggest customer for oil sands oil. The issue of this oil has also been used as a political football in Europe (Lewis, Ljunggren Jones, 2012). The United States is the majority customer by far, in addition to the domestic market, but there is also the possibility that China will become a major customerRead MoreChinas Ability to Attract Multinational Companies Essay1097 Words   |  5 Pagesthe organization. In addition, companies are influenced by external factors such as economic and political conditions. However, multinational companies encounter more complicated risks, especially because of the scarcity information about the new environment. After China’s admission to WTO in 2001, it has become as one of the most important destinations for international business. It seems that China is a big market that is supported by the central government and has a strong potential economic andRead MoreEconomic And Political Risks Of Algeria1577 Words   |  7 PagesAlgeria is a CRT-5 country with high levels of economic and political risk and very high financial system risk. In terms of economics high oil revenue declined over 45% in first quarter of 2015. This then led to state spending cuts and delay of surplus of state funded projects contributing to the limit of revenue shortfall. The unemployment rate is also high at 10% contributing to the instability of the economic financials. Politically the risks are high due to large scale labor strikes, due to inadequateRead MoreBriefly Compare the Political Regime Type in China and India. Which of the Two Would You Prefer to Do Business in and Why?1478 Words   |  6 PagesPOLI3 001 Assignment No. 2 Briefly compare the political regime type in China and India. Which of the two would you prefer to do business in and why? India and China are two republics that have experienced very opposing political regimes throughout history. China has been fundamentally stable country with a lack of a distinct authority figure (Desai, 2003). Being a single party state China has been controlled by the Chinese Communist Party since the 5th National Congress held in 1927 (Wang,