Western Culture In China Case Study

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3.) How is Western culture influencing China’s culture? Discuss how companies like Novartis and Pfizer are contributing to this change. What are the implications of this trend to the Chinese economy? 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.
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for the best spot on Modern Healthcare’s yearly list of prime widely merchandised pharmaceutical was recommended permit sales by Novartis Corp.’s every three consecutive years. The e sales of Pfizer sales drop from the loss of right security on its bestseller fats that lowering the dose Lipitor which will reduce $51.60 billion previous year which is down than 5.6 percent from 2012. The Lipitor transactions decline to $2.3 billion in 2013 which drop 41 percent from $3.9 billion in 2012 and reduce the 76 percent from 9.6 billion in 2011.
According to Eric Althoff, Novartis’ head of global media relations state about two types of diabetes treatment that Novartis Galvus will achieve $1.2 billion in 2013. He also approved a cancer drug Afinitor and Gilenya, a treatment for various sclerosis rises by 60 percent in the previous year. The overall Novartis increment of net sale increase $56.6 billion by 2.3 percent which is $57.9 billion in
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