CHINA

Sumary
We saw all about the Human Resources Managment in China, we began this topic learning about the general aspects, the background and of course the history. After that we saw all the types of companies that exist in China and how is the process when you are doing business with them.

Also we saw all the economic deeply and how those afects China, and how that make China rise out to the world in several issues and aspects.

Question
¿How is China dealing with the world´s financial meltdown?
Is normal to see that the earlier crisis started with local worries about Thailand`s widening current-account deficit and poverty bubble in Bangkok. It astonished the world with the speed and extent of the contagion that spread to other asian countries, and emerging markets elsewhere, such as Russia and Brazil.

Research shows that China is the far better placed to withstand the present shock. Its banks are stronger, its currency regimes less rigid, its foreign-exhange reserves bigger. On the other hand, a decade of accelerated globalisation had seen every country integrated even more closely into the world economy. China may not face the sort of meltdown experienced at the end of the 1990s. But prospects for growth look much bleaker that they did even a fortnigth ago. Exports to rich countries still matter, albeit less than they did.

China leaders have complained that they were blamed for bringing the last crisis on themselves, with their misguided exchange-rate policies, opaque financial systems, profligate spending and corrupt politics. China is refusal to allow a faster appreciation of the yuan has been blamed by some for helping build up the huge global financial imbalances that now seem to be unwinding so fast.

Blibliography
NICHOLAS R. LARDY. Integrating China Into the Global Economy. Publicado por Brookings Institution Press, 2002

BARRY NAUGTHON. What is distinctive about China`s economic transition? State and enterprise reform and overall system trasformation. University of California, San Diego, La Jolla. February 15, 1994.