Management Essay Example | Topics and Well Written Essays - 1500 words - 41

Management - Essay Example China has financial institutions that are well developed and offer great services to their clients. The bank will need to understand the market well and know what is lacking that the people need, and aim to provide better services. The other challenge that it may encounter is the countries policies in the banking industry. The Chinese government has control over the lending and credit of banks in the countries. The China Banking Regulatory Commission (CRBC) was set up to control the financial institutions. This means that the interest rates on loans is controlled and the bank determines when the bank will give credit to its client. This is believed to control the value of the Rimini. The Chinese are one of the communities in the world known to uphold their culture despite being exposed to globalization. The important aspects of the Chinese citizens include their ceramics, music, religion, customs and celebrations, martial arts, cuisines, and costumes among others Giskin & Walsh, 2001). China has 56 ethnic groups located in various villages in the country. Each of these groups has different costumes, festivals, and festivals. These ethnic groups include the Mongolian, Hui, Miao, Zhuang among others. Socially, the Chinese are considered to possess humility, self-control, and are patient. The value of the family in China supersedes an individual’s. Family value is influenced by how a person behaves or acts in public. If a person exhibits behavior that is not considered right by the society, the image of the family is affected negatively. Respect for elders is also highly valued. They are also known to be very friendly and it is not a challenge to get along w ith them. China is also said to be a country where the citizens are very literate. Schools are widely set up in the country and families are encouraged to take their children to school to attain education. Education is important because it helps a person with