Governments and businesses all over the world operate on an unspoken foundation of various unique and distinct cultural characteristics. Different parts of the world will naturally have different cultural values, such as that of individualism or collectivism. We’re going to dive into the different cultural values that affect the government and enterprises in China, providing different examples about what works and what doesn’t when doing business with China.
Seeing the future of Chinese tech and innovation.
Every four to five years, countries all over the world hold public elections, bringing in new leadership, new trajectories, and movements.
China is well-known for its unique planned economy – national leadership is not directly elected by the public, but instead indirectly elected through the National People’s Congress. Sometimes it is referred to as a socialist-based market economy. The political leadership then issues a new Five-Year Plan (FYP) detailing the desired trajectory and goals of the government within the following five years.