International Marketplace: Mainland China and Hong Kong
Travel Dates: October 26 – November 9, 2013
The Business Case
In 2010, China surpassed Japan to become the world’s 2nd largest economy, behind only the U.S. Since the introduction of economic reforms in 1978, China has become the world’s fastest growing major economy, largest exporter, and 2nd largest importer of goods.
- Beijing, the capital of China, is the political and cultural center and one of the Four Great Ancient capitals of China. Beijing is renowned for its Forbidden City, Tiananmen Square, Great Wall, temples, museums, and lush pavilions and gardens. It is a modern global city with rich history and cultural development.
- Xi'an is one of the most ancient capitals in the world. From 1,046 B.C. to 907 A.D., the city was the capital for 13 dynasties, and a total of 73 emperors ruled here. With so much history, it is no wonder that there are so many historical ruins, museums and cultural relics. It was the eastern terminus of the famous ancient Silk Road, which connected Asia with the Mediterranean and European world for almost 3,000 years. Here ancient traders from far and wide brought goods and ideas for sale and took goods and ideas back with them to their native countries. Today the city has a pleasant cosmopolitan flair to it and it is worth visiting for the famed Terracotta Warriors alone.
- Guilin is a city in China’s most picturesque region. It is a scenic town and has long been one of the world’s most famous travel destinations and ranked one of the four major must-see cities in China by World Tourism Organization. What makes it special is its proximity to many picturesque limestone mountains and formations. The town center is surrounded by two rivers and four lakes and studded with sheer sided karst mountains. The region is also well-known for rich ethnical traditions and diverse cultures. The main industry in the city is tourism. From business prospective, Guilin is a great city to observe and study China’s fast-growing tourist industry.
- Shenzhen is situated on the Hong Kong border and approximately 100km south of Guangzhou, which is the third largest city in China and Southern China’s largest city. Shenzhen became China's first—and one of the most successful—Special Economic Zones (SEZs). In the last thirty years, Shenzhen has changed from a tiny village to a modern city of about 10.5 million residents. The city’s novel and modern cityscape is the result of the vibrant economy made possible by rapid foreign investment since China’s policy of "reform and opening" and “modernization” commenced in the late 1970s. Shenzhen is now reputedly one of the fastest-growing cities in the world. It is the home to the Shenzhen Stock Exchange as well as the headquarters of numerous high-tech companies. It is also the world’s fourth-busiest container port.
- Hong Kong is a place with multiple personalities, as a result of being both Cantonese Chinese and under a long-time British influence. Today, the former British colony is a tourism destination and an important hub in East Asia with global connections. Under the principle of "one country, two systems", Hong Kong has a different political system from mainland China. Kong Kong maintains as one of the world’s most open and dynamic economies. As one of the world's leading international financial centers, Hong Kong has a major capitalist service economy characterized by low taxation and free trade. Hong Kong has numerous high international rankings in various aspects. For instance, its economic freedom, financial and economic competitiveness, quality of life, anti-corruption, Human Development Index, etc., are all ranked highly.
The Cultural & Demographic Case
- China is one of the world’s oldest civilizations. Historically, China’s cultural sphere has extended across East and Southeast Asia with Chinese religion and customs.
- China is the most populous country in the world with over 1.3 billion people.
- China is also one of the most popular countries to the tourists with 50.9 million inbound international visitors in 2009.
The Economic Case
The program cost of the 14-day trip is $4,300 (plus any tuition), and includes all travel and hotel expenses.
We are able to keep costs lower than might be expected because:
- We achieve efficiencies and economies-of-scale by traveling as a group
- We take full advantage of saving from local knowledge, through local family, friends, and colleagues
- We operate the program as a not-for-profit enterprise, charging only for actual costs
Faculty Leader: Charng Yi Chen
Travel Cost: Approximately $4,300 (does not include tuition)
Deposit Due: June-July, 2013
$1000 Scholarships available