Reflection on Visit to China

Reflection on run across to chinawareAlex NaydenovPost-Trip Re-evaluation of Six TopicsIntroductionAfter piffleing capital of Red mainland china and snatch my living perceptions of china non only changed but it tendinged me to view the land as a more mature person. I am no yener ignorant towards countries I set out never visited and only k new-fashi sensationd from what I have read or researched. Prior to my visit, I conceptualised that I had a pretty good understanding just about mainland China as a communist country with the fastest growing economy of the world. However, I was not prepared for the magnificent and mind-blowing views from the big(p) Wall and the Olympic Facilities, the red-hot food, and the meaningful conversations with the local anesthetic students we met. I was humbled to advert a close that existed for over 4,000 years and mess that are friendly and hospitable. As a result, I developed a deeper appreciation for the Chinese society, traditions, and way of life.Chinese Culture History and Impact on Chinese Business right awayMy perception about Chinese culture and history went on a whole new level when we had the chance to visit the Old Hutong subject field in Beijing and explore the local life and traditions. The walk on the alleys and the visit to a local house gave me a memorable coup doeil of the traditional way of living and the sense of pride Chinese people carry for their cultural heritage. I felt that the Old Hutong represents a long period of history and it has become the living encyclopedia of the city that e actually one profoundly cherish.My cultural views about China continued to shape with the visit of new(prenominal) important landmarks in Beijing such(prenominal) as the Olympic Facilities, command City, Tiananmen Square, and the Great Wall. In Beijing modern architecture mixes harmoniously with the deli precise of sure-enough(a)er buildings and historical rambles. At the moment I entered the Bird s Nest and the Water Cube and later the Tiananmen Square, I was surprised to discover just how modern China is. In fact, the urban areas in Beijing and Shanghai are virtuallyhow similar to Chicago or NYC with the byepot skyscrapers, fashionably dressed people, and busy streets.However, what veritablely took my breath away is the Great Wall. The place is not just a testament of a enormous engineering it symbolizes the connection between the legendary past and present while and it made me reliableize the uniqueness of China. It suddenly put things into perspective of how old China is and how new the history of my country is. The Great Wall is a must see place if a person wants to experience the unfathomable sense of time, traditions and beauty, and even a sense of harmony.During my personal interactions with many students from capital of Red China and Tongii Universities I learned first-hand that they deeply value integrity, loyalty, and hard melt down. Chinese students acce ntuate that the image you built for yourself throughout the years ultimately defines your future life development and success. such(prenominal) observations were confirmed by AmCham presenters who also believed that honesty is one of the virtues greatly valued by the Chinese people. Many local furrow community run their business on the principle of honesty and hard work in order to establish their brand. Thus, learning to understand and appreciate local values becomes imperative for conducting a successful business with China.Government, Political, and Legal milieuPrior to my trip, I strongly believed that Chinas governing body is very similar to the former Soviet Union and the political system is generally authoritarian. I was legitimately surprised to discover that although the communist softeny has been in power for over 60 years fewhow the political purlieu has remained flexible and adapting to the changes. In reality, when the other communist systems crashed, China wa s able to survive many political turbulences and become a study economic power. However, in that respect are still things that really bothered me during the visit, such as the restrict Internet sites. Many important social media sites and search engines which I ope stride for granted in the unite States have been blocked in China.In my conversation with local students they have expressed mixed opinions about the existing political system. A few were optimistic that the new party drawing card Xi Jinping will help the economy and stop the corruption, while others favourite(a) to change the subject. Nevertheless, all of the college students focused on the fact the communist organization controls every aspect of their lives with tight censorships. They also commented that in addition to engine block social media websites the government has many levels of control over everything that is going on online for example deleting blogs if found inappropriate.Prior to the trip, I believ ed that the Legal System has been a major accomplishment for the communist party because China has put in place strict laws that prevents the rise of monopolies. It also modernized the existing tax revenue system that held accountable for collect taxes everyone from the regular employees to major corporations. However, I witness some facts about the criminal justice system in China quite disturbing. The country has a very high conviction rate of 99%, which clearly shows that something is wrong with the system. For instance, the police has enormous power and the feeler of the officers depends on how many convictions they help to obtain, thus they resort to any measures to vanquish a confession. I believe that If China wants to be respected in the worlds arena, the existing criminal justice system involve to be in line with the international norms and all citizens to be treated with dignity and respect.Economy, Globalization and Intellectual Property Rights in ChinaIn the past decade Chinas economy grew substantially, however, the economy took a step back due to the global economic crisis. In my conversations with some of the Pekings students they said that current economic strategy of the company is to focus more on sustainable and high quality involution rather than on the growth rate alone. They said that 7 part GDP growth for 2014 was still an impressive number and the current economy was strong and resilient. The government strategy is to strengthen and expand the imports over the contiguous five years in order to bring more opportunities for mess and cooperation with the rest of the world.In upstart years, China has enforced laws to safeguard dexterous properties and rights. For example, foreign companies have to register their company trademarks in order to tick that all of the rules are followed. In our visit to Cisco, an American multinational corporation, in Shanghai we had the opportunity to tour the facilities and touch base on mixed to pics including the Intellectual Property Rights in China. In the past, Cisco has filed a subject against Chinese network maker Huawei for unlawful copying, but in new years China has strengthened its legal framework and amended its IPR laws in order to conform to the WTO Agreement.Banking, Finance, and Corporate GovernanceIn the past decades, Chinas banking system has grown from a single bank to a new modern system that includes four of the largest commercial banks in the world. The Chinese government continues to hold a key position in the counsel of the banking system, however, they have been successful in weathering a few right finance crisis. I believe that the banking sector will continue to grow with Chinas acceptance in the WTO and allowing for the foreign banks to participate. In addition, China ask to create friendlier regulations and taxes that will attract foreign and domestic investors.In recent years, China experienced an increased demand for second homes which sti rred the real estate market and made investing in the housing very attractive, a cycle that can build the house bubble. I have witnessed the crisis of real estate in the United States and I know how atrocious bursting of the bubble could be for the people and economy. In order to control the real estate prices, the government put some purchase restrictions on residential properties, not allowing a second residence. Although, a bit drastic such intervention helped to contain the rising housing prices. However, many Chinese investors started to sense of smell at other alternatives such buying properties in the big cities of the United States and other parts of the world.In conversation with local students about the debt step forward in United States and China, we come to the conclusion that the average American family owns large properties but their debt to income ratio is higher than that of the Chinese. I live in a large house, but I know that my parents constantly worry about t heir loans and possibility to lose their home if they become unemployed. In this regard, I believe that Chinese families maybe sleep better at night know that they will still have a roof over their heads if an asperity hits them.Chinas Approach to the Global Financial CrisisWhen the global monetary crisis hit the United States in 2008 it inevitably affected the rest of the world, including China. In order to protect the economy the government introduced a RMB 4 meg stimulus package that would encourage the consumer spending and rebuild major infrastructures. Such financial strategy proved to be a success because it boosted the economy. The government also approved multiple tax rebates in order to help the exporting companies and aid the struggling economy to survive the financial crisis. During my visit to Beijing and Shanghai it was obvious that people took advantage of the program and bought new cars, housing, or started their own business. One of the Chinese students remember ed the stimulus money and mentioned that her parents had the opportunity to buy a bigger apartment, because the interest rates were low and it helped to ensure a very favorable loan, which was not possible in the past.U.S.China Trade IssuesThe trade between the United States and China is an important part of the profits for both countries. At the moment, China is the third largest market for the American exports. However, there are some serious issues that put the trading kind in jeopardy. I believe that the biggest problem hindering the interchange is that China is not a fully free market economy due to the communist regime. For instance, China does not have solid policies in place that would protect the international business partners. Another problem is that the American companies doing business in China do not receive an adequate certificate of their intellectual property rights. United States has lost almost $4 jillion in trade due to piracy and counterfeited goods.I had th e opportunity to dissertate with some of the Chinese students their views on the knockoff items that many Chinese companies perplex and then export to the United States. They believe that the problem is really serious because the counterfeit industry is massive and it continues to grow. In addition, Alibaba the biggest online commerce, claims to be committed to crack down on the barter of fake goods on its platform, but as soon as one vendor gets blocked another one takes his place. I believe that the collective effort of the Chinese government, enforcing severe punishments, and the major internet distributors can help to contain the existing problem.ConclusionMy make break to China, stripped away all the prejudices and stereotypes which I carried about the real life in China and gave me the opportunity of the lifetime to see some of the most amazing landmarks in the world. The real experience of Chinas traditions and business interactions helped me to free my mind, learn to make better judgements, and identify my priorities in life.