However, the third wave of mass consumption starts in 1992. It began with the unprecedented phenomenon of xiahai because money-making became their highest ideal. A craze that led a quick growth of stock markets by investment also stimulated citizens’ desires to the pursuit of some better consumer goods such as high quality or luxurious products. Economically speaking, since the purchasing power and bargaining power of customer increased, sellers were necessarily required to resort to various techniques to promote sales. What is more, since China introduced “double leisure days” policy to the public in 1995, workers were able to spend a lot more time to visit shops to compare the prices and quality of the products they want to purchase.
3. Stage three: 2001 – present – The acceleration of overseas expansion activities in the form of mergers and acquisitions. It is said to believe that such an acceleration of internationalization can be partly explained by the perceived thought of foreign competition in China after China’s entry to the WTO in 2001. In 2004 alone, Chinese firms entered into 13 cross-border M&As, including Huawei. The approach of the Chinese authorities in relation to the internationalization of Chinese enterprises has drastically changed over time.
Personal Statement I would like to confirm that it is my motivating of Chinese culture that ignited my passion for cultural and creative industry. As a Tourism Management major student, I was able to explore the Chinese diversified cultures and landscapes, which offered me an insightful understanding of the Chinese cultural development. Under the guidance of commercialization, some cultural heritages have developed into huge tourism souvenir markets full of counterfeit and shoddy products. The over-commercialization reveals the fact that the Chinese culture is facing a severe situation. The country calls for a better cultural development strategy, which cultural and creative industry can offer.
The Influence of Cultural Globalization on Chinese Culture As Yu(2008) says, globalization represents a worldwide transformation of historical significance. Based on worldwide economic integration, globalization is characterized by intrinsic, inseparable, and intensified interrelations across the globe. Apparently, during the process of globalization, Chinese community has been affected on every aspect strongly nowadays. China also has developed a lot under the process of globalization, especially in economy, politics, culture, etc. Speaking of Chinese culture, China is a country with an ancient civilization and a long history, and culture has always been an outstanding feature of its national strength.
One of the western culture influence China’s culture by foreign direct investment helps the economy grow. The reason investors’ fascinated with the investment opportunities and the development of domestic market has been driving by the foreign direct investment (FDI). According to the Ministry of Commerce he state that China is a country playing vital role in export and import in the Worldwide by increasing 4.9 percent from the previous year to $8.8 billion, in September 2013. Investment from the United States and the European Union carry on rising with an 18 percent and 4 percent barrier, correspondingly, beyond the eight-month period whereas U.S. direct investment computed $2.5 billion in place of August 2013 and EU ranks achieve $5.4 billion. Another point is food and beverage scene and changing diets.
Indeed, it has influenced the culture of the Chinese people for decades. It is evident that is Confucianism is shaped along morality and ethics is central to its theory and practice. The ethical system of Confucianism is commendable because virtues are highly desirable, both individually and in a social. In this paper, insights into the Confucian moral theory and practice will take center stage. History of Confucianism Yao claimed that the word ‘Confucianism’ is traceable to the Jesuits of the 16th century.
De Montfort University BA(HONS) in Business Administration and Management (153-29080) Business Communications and Academic Skills Academic year 2015-16 Academic essay assignment Fong Kai Kit Peter ID: 5436 3258 Question 6 It is argued that guan xi is an indispensable element in the workplace in Chinese culture. Is it a blessing or a curse to corporate development? In Chinese society, it is not new knowledge that we need Guan xi in workplace to smooth the corporate development. According to Provis(2004), Guan xi is a relations building process involving ways that exchange benefits, know each other better and commitments between members within the circle. They pass benefits to each other.
Through the flourishing of the Chinese market, their country has been able to grow economically while spreading the awareness of their heritage to the world. Chinese scholars actively search for ways for China to have a healthy, balanced relationship with the west: “Comparative literature in China has played an indispensable role in the context of cultural globalization and Chinese comparatists have focused on enabling a Chinese-Western cultural exchange with the strategy of "crossing borders" between countries, theories, and disciplines.” The diversification of culture has provided more acceptance when people perform their jobs in the United States. Moreover, Chinese foods and education techniques have been greatly exposed to the western world for other cultures to experience. The spread of these Chinese ideologies and resources demonstrates the way China wants to spread globally. China may be seen as losing some of their heritage, but in the grand scheme of things, their culture has been exposed to the world for others be influenced
Chen, Chang & Lee (2015) survived 293 entrepreneurs of creative industry in Taiwan. Their studies found that entrepreneurs’ guanxi networks provide resource and information accessibility, especially government ties have a great impacts in availability of resources for entrepreneurs (Wang & Lestari cited in Chen, Chang & Lee 2015). Theses accessibility and availabilities leads to increase venture success (Arribas 2013; Chen,Chang & Lee 2015). Also, these would assist to develop firm’s creativity and create to social reputation (Chen, Chang & Lee
Transfer and Development of Chinese Traditional Culture Chinese traditional culture is formed and developed since the old days of China, which is stable and wonderful. As the valuable treasure of great China, it possesses the wits of China nation and the great history treasure of China is passed down from one generation to one generation. For the past thousands of years history, Chinese culture has its unique features and can give us modern generation more energy and power to lead our life. It affects our current life with its powerful tradition and with the push of economic tiding, tradition culture is facing much severe crises. However, to undertake the value of China tradition and keep it, pass it to our next generation is the necesssity