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Genamics JournalSeek
International Journal of Chinese Culture and Management
Int J Chin Cult Manag
ISSN (printed): 1752-1270. ISSN (electronic): 1752-1289.
China is not the only fast-growing emerging economy that is making waves around the world. China’s current economic growth rate is approximately 9 percent annually, which is impressive economically. Its contribution to global GDP growth since 2000 has been almost twice as large as that of the next three biggest emerging economies (India, Brazil and Russia) combined. Some even refer to China as the mother of emerging markets and transition economies. According to EconomyWatch, the Chinese economy grew a whopping 9.9% in the first three quarters of 2008, and 11.9% in 2007. Forecasts for 2009 are nowhere near as rosy. Directly or indirectly, the Chinese economy has influenced interest rates, prices for raw materials and wages in the western established economies. Currently China is the most R&D intense of emerging market countries and is seventh of all countries in the world. Its economic power is exemplified by the fact that it is expected to be the fifth largest source of outward foreign direct investment during 2004- 2007. According to the Chinese Foreign Investment Department of the Ministry of Commerce, in January 2009, “Foreign-invested enterprises newly approved for establishment reached total number of 1496, a decreased 48.73% as compared with that of the same period last year; and the actual use of foreign investment reached USD7.541b, a decreased 32.67% as compared with that of the same period last year" (www.fdi.gov.cn). Working with Chinese firms has become a reality for a majority of managers in Western countries. With its high growth rate, the presence and impact of the Chinese economy will only become larger. With China’s importance on the global scale set to grow faster than ever, IJCCM offers a unique window to observe the changes that will chart the course of the future in this region of the world. One of the keys to dealing with China is understanding the complex dynamic between rapid change and tradition. With a clear international and interdisciplinary approach, IJCCM proposes and fosters discussion on Chinese culture, business, management and related topics. It presents timely and in-depth analyses on these topics, offering the reader a wealth of valuable material on theories and practices which underpin successful business in China.
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