Understanding China and its Society, Business and Economics, Culture Essay

Understanding China and its Society, Business and Economics, Culture and Languages - Essay Example This essay is one of the best examples of comprehensive analysis of the Chinese political and economic systems. It also reviews cultural environment in the country. Despite the global crisis that has hampered business activities among nations, the Republic of China is determined to craft trading partnerships with countries such as Japan, USA, Germany, Hong Kong, and Taiwan among other countries in Asia, Europe and North America. China has expanded its business quest by forging trade agreements with a number of countries in Africa. Such partnerships have boosted its balance of payment. New markets in Africa, Europe and America have created more space for the rapidly growing industries in China to export the finished products to various destinations around the world. Today, the country’s economy has a greater potential to change the future prospects of the continent and world at large. The business culture of the country alongside the goodwill from its huge labor force has been instrumental to propelling the country to greater heights of development. According to the World Bank, China is the second largest economy considering its GDP. The Asian country is rich in culture and language owing to diverse nature of tribes and communities occupying the world’s most populous nation. The government recognizes the ruling party as atheist organization. However, China’s constitution acknowledges freedom of religion to all natives and foreigners. The government only permits people to practice one of the officially recognized religions that include Islam, Taoism, Buddhism, Catholicism, and Protestantism. China’s main religious organizations are Taoism and Buddhism. The people consider Taoism as the folk history considering its long history among societies and ethnic groups in the country. The literacy rate of the country stands at 92.2 percent according to the World Bank report released in 2012 (Chow 2010). Business and Economics China is among few Asian nations with promising economies with large amounts of imports and exports. It is among the fastest growing economies in the continent, which include Japan, South Korea and North Korea (Chow 2010). Despite the global crisis that has hampered business activities among nations, the Republic of China is determined to craft trading partnerships with countries such as Japan, USA, Germany, Hong Kong, and Taiwan among other countries in Asia, Europe and North America. China has expanded its business quest by forging trade agreements with a number of countries in Af rica (Chow 2010). Such partnerships have boosted its balance of payment. New markets in Africa, Europe and America have created more space for the rapidly growing industries in China to export the finished products to various destinations around the world. Apparently, China’s economy has recorded remarkable performance for the last three decades with manufacturing and service industries accounting for the biggest percentage of exports. This has influenced the country’s GDP in positive direction (Chow 2010). Over 500 million Chinese can now afford decent living following various initiative of the government to lift citizens from poverty. Chances are high that China might emerge as the leading economy of the world by 2030 notwithstanding challenges regarding controlling its huge population (Lin 2012). It has the potential to become a modern, creative and high-income society. It is yet to implement strategies that will ensure it achieve its business and economic ambitions . As far as the country’s future prospects in business are concerned, China has the potential to turnaround it technological progresses to achieve greater development (Lin 2012). Apparently, China has a huge human resource base which key to growth and development of industries of various