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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.

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