China's Foreign Trade System (5 op)

Arviointiasteikko

1-5

Sisällön jaksotus

This China’s Foreign Trade System section is divided into the following 7 parts: 1. Chinese Banking Systems This section will discuss the Chinese banking system as being a part of rapid reforms and in the midst of a generational program of changes as it transitions to a more open system supportive of China's emergence into global economics after decades of communism and state ownership. The People's Bank of China (PBOC) is China's central bank, which formulates and implements monetary policy. The PBOC maintains the banking sector's payment, clearing and settlement systems, and manages official foreign exchange and gold reserves. The following would be discussed in detail in this section. a. China’s banking and financial system b. Foreign banks in post-WTO China c. Land banking and shadow banking in China 2. Chinese Trade Treaties This section discusses the trade treaties and agreements between China and other nations. We will start with the discussion of Chinese economy in the international context, Trans Pacific Partnership agreement and the newly formed Regional Comprehensive Economic Partnership (RCEP) which unites China, Japan and South Korea in a trade deal for the first time and includes 10 Southeast Asian countries plus Australia and New Zealand. RCEP members combined 2.2 billion people make up almost a third of the world's population, and a similar share of the global economy and trade, and the new deal could potentially grow the global economy by an annual USD186 billion. The deal sets the terms of trade in goods and services, cross-border investment and new rules for increasingly important areas such as electronic commerce and intellectual property. We will also discuss the opportunities and challenges for the Chinese-Finnish Artic co-operation. 3. Belt Road Initiative BRI is a transcontinental long-term policy and investment program which aims at infrastructure development and acceleration of the economic integration of countries along the route of the historic Silk Road. The Initiative was unveiled in 2013 by China`s President Xi Jinping and until 2016, was known as OBOR – One Belt One Road. The official Belt and Road Initiative outline promotes the joint formulation of development plans and measures for advancing cross-national or regional cooperation between countries involved in BRI. We will discuss how The Belt and Road Initiative (BRI) is a historic marshalling of capital and a remarkable geopolitical foray into establishing and strengthening multinational trade corridors. With over USD 440 billion of funding provided by Chinese financial institutions for BRI projects so far, it's an enterprise unlike anything seen on this scale for decades and holds tremendous opportunities for business. The BRI continues to evolve and expand with more than 130 countries now reported to have signed BRI agreements, far beyond the traditional Silk Road routes. We will discuss the issues of the European Union-China economic and political relations. We will also discuss the Competitiveness of European and Latvian companies in China. 4. China US Trade debate This section initiates the discussion between Fair trade versus Free trade and highlights the symbiotic relation between United States of America based farmers and Chinese export markets. We will also discuss the China USA trade related issues and the ongoing economic conflict between China and the United States. 5. Innovation and China This section discusses Innovation opportunities in China, China’s Path to Innovation and Innovation Capacity and Performance in China with examples of Chinese companies. 6. Investment and Foreign Trade in China This section discusses about the Foreign Trade and Investment laws in China. 7. Chinese Business Legislation This section discusses the historical & philosophical framework of Chinese business legislation, the Chinese Legislative System and the recent developments in the Chinese legal System and in legislation concerning foreign investors. We also further discuss the enterprise income tax law, individual income tax law, labor laws, contract law, arbitration law and immaterial property rights such as unfair competition & trade secrets, invention, design and utility model patents, copyright and trademarks in China. We will also discuss the ethical challenges of doing business in China.

Tavoitteet

International Business, 3rd year Profiling Competences, part of Doing Business in China module The main aim of this course is to provide insights in China’s international trade and financial policy, and how they affect the world. Students will be acquainted with China’s foreign trade including the development of China’s foreign trade, cross-border E-commerce in China, China’s position in trade-related regulations, China’s role in global economic governance, China’s trade strategy, the effect of China’s foreign trade to the world, etc. With the discussion of Chinese financial market, financial institutions, monetary policy, etc., this course provides students with financial cognition and perspective, comprehensive understanding of financial theories and practical financial transaction, basic approaches of financial analysis, ability of realizing financial theories and solving financial problems in practice in the Chinese context. Special attention will be given to current developments, concerning real estate, retail, the Internet and the financial sector (particularly banking and securities). An introduction of conceptual knowledge and terms is discussed as regards to Globalising business. A prelude from Business Environment in China course is also included as an insight for the students.

Sisältö

China’s Foreign Trade System is the first part course of the Doing Business in China Module. It is highly recommended that as a learner you complete all the three parts, so that you can develop a comprehensive understanding and gain a wealth of insight and practical advice on doing business in China and be prepared to successfully navigate the country’s unique economic systems and communication and cultural styles. It is highly recommended that as a learner you complete all the three parts, so that you can develop a comprehensive understanding and gain a wealth of insight and practical advice on doing business in China and be prepared to successfully navigate the country’s unique economic systems and communication and cultural styles. Thank you.

Aika ja paikka

01.08.2024 - 31.07.2025, 24X7 non-stop implementation. 1. There will be no online lectures. The lecture recordings are available on HAMK Learn Moodle course page. 2. This is a 24X7 self-paced module. This means that you are welcome to start and finish the courses as per as your own convenience within the time frame.

Oppimateriaalit

Readings will be handed out on HAMK Learn Moodle. Selected Texts/Journals: Required Purchase: None Recommended Readings 1. Stephen Green, China's Stockmarket: A Guide to its Progress, Players and Prospects 2. Carl E. Walter, Fraser J. T. Howie, Privatizing China: The Stock Markets and their Role in Corporate Reform 3. Randall Peerenboom, China's Long March Toward Rule of Law 4. Yasheng Huang, FDI in China: An Asian Perspective 5. Kenneth Lieberthal, Governing China 6. Jung Chang, Wild Swans: Three Daughters of China 7. Barry Naughton, Growing Out of the Plan: Chinese Economic Reform, 1978-1993 8. Nicholas R. Lardy, China's Unfinished Economic Revolution 9. Joe Studwell, The China Dream: The Quest for the Last Great Untapped Market on Earth 10. Andrew J. Nathan, Bruce Gilley, China's New Rulers: The Secret Files 11. Hill Gates, China's Motor: A Thousand Years of Petty Capitalism 12. Tim Crissold, Mr. China. 13. John Bryan Starr, Understanding China: A Guide to China's Economy, History, and Political Culture 14. James McGregor, One Billion Customers: Lessons from the Front Lines of Doing Business in China. 15. James Kynge, China Shakes the World: A Titan's Breakneck Rise and Troubled Future - and the Challenge for America Background Reading Students will be directed to specific academic journal articles during each lecture. Recommended Periodicals and Newspapers U.S. Department of State Countries – www.state.gov/countries CIA World FactBook – https://www.cia.gov/library/publications/the-world-factbook/index.html The Economist – www.economist.com The Financial Times – www.ft.com The New York Times – www.nytimes.com Wall Street Journal – www.wsj.com Recommended Academic Journals Harvard Business Review Strategic Management Journal

Opetusmenetelmät

Variety of instructional tools would be utilized. Lectures will be delivered using PowerPoint presentations and would be supplemented by case studies, videos and articles when necessary. You must keep a track of all the activities on the course. Teaching and learning methods • Class lectures, lecture notes, and case study are designed to achieve the course objectives. • You should read the assigned chapters before class, complete assignments on time, participate in class and do whatever it takes for you to grasp this material. Ask questions. Ask lots of questions. • You are responsible for all material covered in the class. • Please communicate any concerns or issues as soon as either in class or by Email. The web page is a primary communication vehicle. Lecture notes will be available before each class. It will contain homework assignments, study guides, and important instructions. The teaching and learning methods to support the aforementioned strategy are woven into: • Lectures • Group work • Presentations • Examination

Harjoittelu- ja työelämäyhteistyö

STUDENTS WILL MAKE THEIR OWN CONNECTIONS TO THE COMPANIES IN THE CONTEXT OF THIS COURSE'S TOPIC AREAS

Tenttien ajankohdat ja uusintamahdollisuudet

Dates would be announced shortly

Kansainvälisyys

INTERNATIONAL COLLABORATION IS EMPHAZISED

Toteutuksen valinnaiset suoritustavat

RPL (Recognition of Prior Learning)

Opiskelijan ajankäyttö ja kuormitus

THIS 5 ECTS MODULE, WILL INCLUDE INDEPENDENT LEARNING, ASSIGNMENTS, PROJECT, CLASS DISCUSSIONS, AND IF POSSIBLE,COMPANY VISIT(S) These sessions will directly address doing business in China, covering marketing, economics, finance, regulation, and operations in China. They will also look at how foreign firms have done entering the Chinese market. The main aim is to provide insights in China’s international trade and financial policy, and how they affect the world. Students will be acquainted with China’s foreign trade including the development of China’s foreign trade, cross-border E-commerce in China, China’s position in trade-related regulations, China’s role in global economic governance, China’s trade strategy, the effect of China’s foreign trade to the world, etc. With the discussion of Chinese financial market, financial institutions, monetary policy, etc., this section provides students with financial cognition and perspective, comprehensive understanding of financial theories and practical financial transaction, basic approaches of financial analysis, ability of realizing financial theories and solving financial problems in practice in the Chinese context. Special attention will be given to current developments concerning real estate, retail, the Internet and the financial sector (particularly banking and securities). There will be a final exam (group assessment) consisting of a power point presentation and submission of report.