Welcome to China! Located in Eastern Asia, China is the world's fourth largest country in terms of geographic area (following Russia, Canada, and the United States). With nearly 20% of the world's people (about four times the population of the United States), China is the most populated country in the world. And Mount Everest, the world's tallest peak, is on the border China shares with Nepal.
Visit United States Central Intelligence Agency publication, The World Fact Book [2]
At this point, please complete Lesson 11 Reading: China, from Chapter 16 "China: History, Culture, and Political Economy" of Business and Its Environment by David P. Baron (Prentice Hall, 2010). A PDF can be found in the Lesson 11 Modules tab [3].
Some tips you will find helpful with these readings: "structured pluralism" here refers to a system where multiple stakeholders may be involved on an issue and have different preferences for its outcome. These preferences are expressed to political and social institutions, which act in ways that shape business opportunities. Sound familiar? Hope so! It is the nonmarket system described earlier in this course, with the added reminder that the nonmarket exists in a context of culture and history.
Also, very important, please remember that Baron uses the word "interests" to represent what we (more clearly, I believe) call "stakeholders." And, SOE means State-Owned Enterprise. CCP means Chinese Communist Party. PRC is the People's Republic of China, the official name of China. Read the following:
Reading Assignments are under the Modules Tab.
If you are interested, read this [4]recent, short article from Harvard Law that explains the continued role of guanxi in Chinese domestic and international business.
Links
[1] http://www.nationsonline.org/oneworld/asia_map.htm
[2] https://www.cia.gov/the-world-factbook/
[3] https://psu.instructure.com/courses/2191688/files/137068642?module_item_id=35906401
[4] https://www.pon.harvard.edu/daily/international-negotiation-daily/negotiation-in-china-the-importance-of-guanxi/