Chinas Ultimate Goal of Returning to the Middle Kingdom...

Chinas Ultimate Goal of Returning to the Middle Kingdom China is aiming to regain its position as ‘The Middle Kingdom’, the center of the world. They wish to become a major political player through their military and economic prowess. They aim to gain the strength to flex their political will throughout the world. I believe their goal is to become united once again as ‘One-China’. When China totally regains its territories, such as Hong Kong, they plan on being a dominant world power once again. China’s main goal is to become a major player in world politics, more specifically the main player. In sorts they wish to be in the same position as the United States; they wish to be involved in all major political decisions and†¦show more content†¦WTO rules and regulations will help smooth out the effect of different policy shifts in various governments; mainly in dealing with the nuisance of the U.S.’s yearly criticism of their human rights record while China attempts to regain MFN status. This greater stability will attract foreign investors in China’s exports and Domestic enterprises. These investors will bring with them new capital, new management, access to global production and distribution, and most importantly new information and technology. These new investors will also help reform China’s economy. Companies will now be punished or rewarded with bankruptcy or new trade depending on their management and profitability. This will motivate companies to stream line production and become more aggressive in their sales. To attract foreign investors China will have to change or modify its foreign policy. These changes first became apparent in 1995 when China opened their doors to American movies, music, and software. Then in 2000 they promised to make their currency convertible for foreign trade. They have also continuously cut tariffs and regulations to gain admittance into the WTO. The process by which these policies are made must also change to allow for more trade and investment. With the addition of new capital and industry, and thus new stakeholders in the Chinese market, China will have to allow for more interests to be represented.Show MoreRelatedWal-Mart Stores: Every Day Low Prices in China11767 Words   |  48 Pageslocal partners, or hampered by a lack of distribution rights—China’s retail market had thawed and was laid open to all. To the world’s largest retailer, Wal-Mart Stores, China had long been a strategic imperative. On one hand, nearly US$20 billion worth of goods made in China were now travelling through Wal-Mart’s global supply chain to drive its costs down; on the other hand, China’s vast size in land and population, an emerging middle class optimistic and eager to spend, and consumers’ relentlessRead MoreInternational Management67196 Words   |  269 Pageseconomic power. 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