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Doing Business in China

ationalist quotient in both words and actions is dwarfed by the call for national assertiveness in support of China's interests" (p. 17). Increasingly, according to this argument, China behaves like a rising power, with minimal ideological content in its foreign policy.

Within the People's Republic of China, the government must face the issue of allocation of political power. Leninist-type centralization is no longer feasible because of the political and economic reforms implemented. At present, while China has a one-party dictatorship in prescribed Leninist fashion, "all of its political institutions are fragile and a meaningful federal system has not yet been devised" (Scalapino, 1995, p. 20).

International trading relations between the United States and the PRC have been marked by dramatic growth, an increased frequency of disputes, and a greater willingness to settle disputes over the past decade (an especially so since the PRC was admitted to the World Trade organization (WTO) in 2001. The economy of the PRC already is one of the largest in the world. This status, however, refers to gross domestic product (GDP) and not to per capita GDP (Bush, 2005). The PRC continues to face a formidable economic development task to raise individual and household income levels to a point where all persons within the economy are sharing in the overall economic gains achieved by the country.

Tsang (1994) argued that Chinese economic policy related to the role of the private secto

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Doing Business in China. (1969, December 31). In LotsofEssays.com. Retrieved 07:10, April 30, 2024, from https://www.lotsofessays.com/viewpaper/1696261.html