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This paper will explore the overall demographic, social, political, economic, cultural, and environmental situation in China as a country. It will therefore be organized into several sections. The social and cultural aspects that this paper will dwell on will include the languages used in the People’s Republic of China, their religious beliefs, traditions, and work ethics. The political condition of China, including bureaucratic and government regulation, political stability and other governance issues will also form a part of this paper.

China is located between the latitudes of 18 degrees Celsius and 54 degrees Celsius North and longitudes of 73 degrees Celsius and 135 degrees Celsius South. The country is situated   to the eastern part of Asia. The country remains to be one of the most densely populated countries in the world with a population size estimated to be 1.3 billion people. The market size, receptivity, commercial infrastructure, inflation, and market growth rate of China will be interesting to discuss given the influence these economic policies have on multilateral and bilateral trade relations between China and other countries across the globe.

China’s Socio-Cultural Conditions. China is considered fourth in terms of size. China’s population is estimated to be one fifth of the world’s total population. Its population is highest when compared to the other countries in the world. The religions that are popular in China include Taoism and Confucianism. These religions have continued to greatly influence the Chinese culture. Whereas Buddhism is not as popular as the indigenous religions such as Taoism and Confucianism, it is part of the Chinese religious culture.

China has lesser religious consciousness when compared to other countries in the world. Confucianism, for example, has continued to shape China’s philosophical, cultural, political and social values. Buddhism as a religion is not founded on beliefs in God as a divine deity. The values of Taoism deal with issues related to sexual norms and body discipline (Lee 82). These religions have continued to shape the religious beliefs of China as a country. The Chinese people put a lot of emphasis on family lineage. China is a patriarchal society and men carry the family name from one generation to another. Chinese families are encouraged to sire boys who are a symbol of familial continuity. The population in the rural areas of China is higher in number than that in the cities (Lee 89).

The Chinese language is quite popular. It is estimated that one-fifth of the global population speaks some form of Chinese. This makes the language one of the most used native languages. Spoken in its standard Mandarin form, the Chinese language is approved as the official language in the People’s Republic of China and is one of the six official languages of the United Nations. There are several dialects of spoken Chinese with slight tonal differences.

Education is free for the Chinese aged 6-15 years. However, public high school is not subsidized. The rural populations often stop their schooling at the age of 15 (Lee 134). There are around 70 schools that are approved by the government. China has a complete schooling system that begins from kindergarten to postgraduate level.

China’s Political Stability and Legal Environment. China is a stable political communist state. The ruling party is known as the Communist Party of China. Its politics is rooted in one party democratic centrism. The Chinese practice representative democracy where the election of the president is the mandate of the People’s Congress. Lee (134) cites that although this arrangement has received a lot criticism from advocates of direct democracy, the communist party state has remained an economic hub for developing business investment opportunities across the globe. The country is quite stable politically, something that has attracted many international business investments. Besides, the government is quite bureaucratic (Li 57).

The laws and policies governing taxation in China are fairly stable and predictable. The tax policies and laws are moderated by various state and non-state organs. This makes taxation policies in China quite liberal and reasonable. The National People’s Congress legislates laws on the taxation system in China. The Tax and Revenue Authority is the body in charge of the daily control of the tax collected.

The legal system is quite peculiar in China. The judiciary is not absolutely independent from the ruling Chinese Communist Party. Even the court of appeal is not independent from the influence of the Chinese Communist Party (Li 57). There is a lack of clear separation of power between the judiciary and other arms of government. However, the petition system, though also not absolutely independent, provides an alternative through which grievances that are not fairly handled by the high court are addressed.

China’s Corruption Index, Fiscal and Monetary Policies. Chinese latest corruption index was alarming. It was recently ranked 80 out of 176 corrupt states (Li 165). China is more corrupt than Saudi Arabia. Most senior officials in the Chinese Communist Party are responsible for much of the corruption. Foreign investors have been concerned about the prevalence of corruption that this country is struggling with.

China’s economy is founded on proactive fiscal and prudent monetary policies. Deficit and state debt are maintained at sustainable and reasonable levels. In 2012, China projects a deficit of $127 billion, which registers a decrease of approximately 1.5% of the gross domestic product (GDP). The Chinese government is currently working on structures that would see local governments cut their deficits further, promote stable market prices, and cushion the economy against any financial risks (Li 57). This is tenable if the gross money and credit supply are maintained at reasonable levels as they are presently.

Chinese Traditions. Chinese interactions and social lives are governed by strong traditions. Beauty, in the Chinese culture, signifies status in the family structure. Young women who have lotus feet attract men of stature from well-to-do families. The Chinese have a traditional Chinese courtyard life. The use of Chopsticks is characteristic of Chinese eating and cooking tradition. Besides, the commonly used family names are Xing, Shi and Ming. Annual festivals revolve around group celebrations and eating.

Government Regulation and Bureaucracy. The Chinese government has few regulations against foreign investors. The economy is free-market type in which investors are confident of reaping profits from their investments without fears of consequences of government of regulations and policies. The Chinese Congress Party dominates almost all state organs and structures. In this regard, there are some state bureaucracies that all investors must first adhere to. After such adherence, there are always limited state regulations and restrictions in China.

Chinese Work Ethics and Quality of Work Force. The Chinese are very hardworking people. Both men and women work hard for the well-being of their families. Diligence and discipline at work dominates Chinese work ethics. In the construction industry, for example, foremen and supervisors work together on projects and the target part of the work ethics is achieved even by the new recruits. All hard work is motivated by the need to provide for the family. Most Chinese work from 8 a.m up to 4.00 p.m, although it depends on the city. The work force is educated since it is the state policy that everybody goes school at age 9. The work force comprises 40% female and 55% male population. Child labor constitutes 5%.  Of the adult work population, immigrants constitute 9%.

The quality of the Chinese workforce is reliable and most investors depend on the Chinese for implementation of various projects. Colleges, universities and schools provide relevant skills and training to graduates. The professionals churned into the market are thus specialized in various fields from high school level to advanced level. For one to conduct business in China there is need to embrace hard work as part of the Chinese work ethics. Foreign investors need to tap into the educated Chinese population to promote their business. This population is quite reliable   and skilled to deliver in any business sector.

Literacy Levels. China’s literacy level is rated at 90.94%. By the year 2009, it is estimated that in China, anybody aged 15 years and above could read and write. The female population has gained in literacy level, especially those aged between 15 and 24, although the rates are still quite low when men are compared with women. In 2010, literacy rate for men was put at 92% while women only rated 87%.

The Market Size in China. China’s population is approximately 1.3 billion. Its sheer size offers a large market size. China represents a huge market for international investments in manufactured goods and services. This is a uniform and homogenous market that offers a great opportunity for other investors. The potentiality of China’s market to offer better investment opportunity is further built by its GDP and the consumption power of its population (Cheung, Chinn, and Fujii 54). The income levels and the consumption patterns, and habits of the Chinese population offer a great investment hub.

Code: Sample20

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