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An omnipresent topic in the economic news of the current year 2018 were the
developments regarding the smoldering trade dispute between the USA and China.
Within short periods of time, a downright exchange of strikes between the
administrations of the two countries evolved, with the President of the USA, Donald
Trump, in particular, pithily announcing to China an increasingly serious threat of
sanctions. Although the Chinese side was noticeably striving to de-escalate the verbal
dispute, it also presented a series of sanctions which were described in the relevant
press as so-called retaliatory tariffs.
The reason behind this diplomatic duel, however, has substance. It is evident that the
USA and China share an exceptional status with regard to economic fundamentals.
The US has the largest international trade deficit of US$ 375.2 billion vis-à-vis China.
China, on the other hand, is by far the largest creditor of the USA on an international
scale and currently holds around US$ 1.2 trillion in government bonds. Accordingly,
China exerts a major economic influence over the USA. This objective situation
opposes the subjective self-reflection of the government under President Trump, which
hardly misses an opportunity to operate on an international level with the help of
supposed deals according to the credo "America first".
China has become one of the largest economies world wide. While China itself used to receive huge amounts of FDI or aid from developed countries, it is now in the position to support less developed coutries. Cambodia is an example for such an LDC which is strongly supported through development aid and investments from China. This thesis analyses the unique advantages this country is offering to China. In addition, this thesis is trying to evaluate whether both participating countries equally benefit from this partnership.
China is planning to rebuild the ancient Silk Road into a modern infrastructre network, spanning Asia, Central Asia and Europe. The investements are high and are not paying off. This thesis is exploring the political reasons for China's plans and the impact the initiative has on the Chinese-Kazakh relationship.
Morality confronts us in our daily life. Sometimes people do not act the way we would have expected it. One of the biggest culture differences can be found between China and Germany. A lot of foreigners try to make business in the more and more economic important becoming country. A lot of them fail, because of not knowing how to act in certain circumstances. Furthermore, some situations are happening which one would not expected. Everyone got influenced by media about China. But is everything true about it? Most of the journalists are from western countries and they decide what is right and what wrong dependent from their origin. We call such a situation ethnocentrism. It means, that one judges dependent on ones ethnical norms one raised up with and that these norms are basis of valuation on other cultures (Schubert, 2011). While I was in China, I experienced a lot moral misunderstandings. I found out that especially foreign companies do have huge problems in that term because they use their - grown up morality- in China which is not working. This paper explains moral inequalities and helps companies to act differently in consideration of a very important topic such as payment morality.
