Country Research

China is on track to become the world's largest economy in coming years. Research the implications of this development and draft a document addressing the following:

• What would be the impact of China's economy on:
  • The world trading system
  • The world monetary system
  • Western-based global corporations
• How might the concepts of guanxi and guanxiwang come into play? Are there any ethical considerations for a western business?
• Discuss three cultural tips for US businesspeople doing business in China.

Please provide your answers in a 3- to 4-page Microsoft Word document.

Support your responses with examples.

Cite any sources in APA format.