posted on 2021-06-08, 09:32authored byShaowen (Wendy) Ding
In the last two decades, a substantial number of foreign investments brought thousands of international projects to the PRC [People's Republic of China]. Westerners undertaking these projects with their conventional management model as well as implementation certainty face challenges stirred by the Chinese's culture and traditions. With the PRC poised to take on a more dominant role in the world economy, there is a pressing need for foreign investors to understand the role that the Chinese culture plays in the performance of international projects. This paper prompts foreign investors to strongly consider potential impacts of the Chinese culture on international projects performed in China. Failure to respect China's local model and practice often times cause pricey delays or even total loss.