Current Business Situation in China

Reaction Paper Ⅱ

The MBA Oath

Dr. Mary Margaret Que

Han Miao

I want to talk about the current situation of business in China. After the reform and open to the outside world, chinese economy has reached to a high level these years, according to the data in 2010, it has become the second biggest economic forest in the world. However, the bad reputation of chinese products also rises simultaneously because of most businessmen are only after the profit but lose their value.

If you take a look at building construction, you will shock at how thin can rebar be and how sparse can concrete be in China, that’s also the one reason why almost 100’000 people, especially the students died in Wenchuan Earthquake in May, 2008, because of the bad quality of the buildings, the real estate developers try all they can to reduce the materials in building schools and residences so that they can get more profit. Another thing also happened in 2008, that the south of china faced an infrequent snow disaster, because of the climate in south of china are almost like Manila, which is always under the mild weather, the people live in south have no heating facilities, as a result, 300 million people have to buy the padded clothes and electric heater, at that time, a padded clothes can be sold at 100’000 pesos, even some of the travellers who were trapped in railway stations had to pay a thousand peso to buy a bowl of instant noodle. For the export, after the second world war, Chinese nationalist party lose their political power and transfer to Taiwan, the communist party leave FuJian province alone because they estimate that if there has a war between this two regimes, FuJian will be the battleground and destroied by that time, so many people in FuJian transfer to foreign countries and do business with foreigners, but because of they think that education is not...