Chinese Economics and Business

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  • Created by: Imogen
  • Created on: 21-05-14 10:04
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  • Chinese Economics and Business
    • Population
      • The median age in China in 32.5 years and rising
      • Chinese air pollution kills 350,000 to 500,000 people per year
      • China's official religious stance is atheist
        • Christian 3-4%, Muslim 1-2%, Buddhist and Daodist
      • Average life expectancy is 74years
    • Demographics
      • Population of Beijing- 11.51million
      • Population of China: 1.351 billion (1/4 of the world's population)
      • China's 2012 GDP $8.227trillion USD
        • India $1.842 trillion USD
        • USA $15.68 trillion USD
        • UK GDP 2012 $2.435 USD
        • Vietnam GDP 2012 $141.7 billion USD
    • Wage
      • The government plans to increase minimum wage by 40% in 2015
      • Businesses such as Foxconn place students in compulsory apprenticeships in factories for little or no wage
    • Legislation
      • Foreign-owned businesses could only operate in China from 2004
      • Low standards of health and safety- bad CSR/PR
        • Collapse of Primark factory caused bad PR and compensation
      • Patents and copyrights are not enforced
        • China Mobile OPhone, Ranasonic, Sqny and Shuanghuan car model CEO

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