China's Foreign Trade and Investment Strategies: Implications for the Business Environment
Document Type
Article
Publication Date
10-1997
Abstract
After decades of self-imposed isolation, the decision of China's leaders to join the international markets has caused great changes both within China and in the global economy. Chinese decision-makers have become increasingly committed to China's international involvement. They have also kept their focus on the long-run goals of building industrial capacity and improving technology. These characteristics have shaped the business environment in China and have kept in constant flux, making it one of the highest risk, highest potential profit markets in the world. In spite of periodic setbacks, however, the overall trend has been an improvement for international business operations over time with a positive impact on China's economic growth.