Understanding China's Business Environment

What is the approximate GDP per capita of China in 2019?

• $30,000

• $40,000

• $20,000

• $10,200

Which country did China surpass in the Global Fortune 500 list in 2021?

• Germany

• United States

• Japan

• India

In Hofstede's cultural dimensions, what score does China have for power distance?

• 50

• 100

• 80

• 20

How does China rank in terms of individualism according to Hofstede's framework?

• Highly collectivist

• Highly individualistic

• Moderately collectivist

• Moderately individualistic

What is the significance of 'guanxi' in Chinese business culture?

• It signifies personal relationships and networks

• It refers to hierarchical structures

• It is a government policy

• It is a type of business contract

What is a key feature of Chinese organizational culture?

• Flat structures

• Decentralized decision-making

• Laissez-faire management

• Strong hierarchy

In Chinese business meetings, what is a common practice when being introduced?

• Exchanging gifts

• Applauding

• Bowing

• Shaking hands

What should you avoid discussing in initial meetings with Chinese business partners?

• Local cuisine

• Economic development

• Political beliefs

• Weather

How should business cards be presented in China?

• With the left hand

• Folded in half

• With both hands or the right hand

• Casually tossed

What is considered the luckiest number in Chinese culture?

• Seven

• Nine

• Four

• Eight