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This study will focus on the casual dining restaurant and sports bar Buffalo Wild Wings which primarily sells buffalo wings, and its potential international expansion into China, one of the world's fastest growing major economies. In order to gain a better understanding of China, it is important to understand the environmental factors associated with the country. I will begin by discussing economic, geographic, and political-legal factors. According to a 2013 estimate of purchasing power parity, China has a GDP of $13.3 trillion. It has a 7.6% GDP real growth rate and ranks 120th in the world in GDP per capita. One of the prime advantages of China is a populous labor force that ranks first in the world, totaling 797 million evenly split between agriculture and services with a few less working in the industrial sector. The unemployment rate is a manageable 6.4% and a 7.7% industrial production growth rate. China exports machinery, apparel, radio and telephone equipment, textiles, and integrated circuits primarily to Hong Kong and the United States, as well as to Japan and South Korea. China also imports electrical and other machinery as well as oil and mineral fuels, metal ores, nuclear machinery components, optical and medical equipment, motor vehicles and soybeans. Its primary import partners are South Korea, Japan, Taiwan, United States, Australia, and Germany. China utilizes transportation through its 507 airports, and a railway system that ranks 3rd in the world totaling 86,000 km. China also makes use of its roadways totaling in excess of 4,000,000 km and stakes claim to the largest amount of navigable waterways in the world. There are at least seven major seaports located throughout the country. China also claims the most... ... middle of paper ... ...companies, especially those in service industries, to invest domestically. There are 14 kinds of taxes currently applicable to enterprises with foreign investment. China provides numerous advantages in foreign taxation, and has enacted tax treaties with 60 countries including the United States. Works Cited The World Factbook. (n.d.). Central Intelligence Agency. Retrieved March 28, 2014, from https://www.cia.gov/library/publications/the-world-factbook/geos/ch.html China Employment Law Guide. (n.d.). Baker & McKenzie. Retrieved March 30, 2014, from http://www.bakermckenzie.com/files/Uploads/Documents/North %20America/DoingBusinessGuide/Dallas/br_china_employmentlawguide_13.pdf Deloitte. (n.d.). Taxation and Investment in China 2013. Retrieved March 30, 2014, from http://www2.deloitte.com/content/dam/Deloitte/global/Documents/Tax/dttl-tax-chinaguide- 2013.pdf
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