Trading With China Is Not Like Trading With Japan: A Cultural Comparison For Foreign Investors

Abstract

The People's Republic of China has a growing trade surplus with the Western World which, with the United States alone, has increased from $23 billion to $29 billion, inspiring fear of another Japan in the making. She is a country with an authoritarian form of government, but in recent decades has pursued an “open door” policy on matters of trade. Many view this as a gradual conversion to a true free market economy. If that comes to pass, she will be the first Communist country to succeed in an apparent contradiction between political and economic philosophies.

Citation

Yu Wong, Y. (1997), "Trading With China Is Not Like Trading With Japan: A Cultural Comparison For Foreign Investors", Management Research News, Vol. 20 No. 4, pp. 11-19. https://doi.org/10.1108/eb028557