Cultural, Economic, Political and Industrial Relation Factors to Consider a Chinese Steel Factory Must Consider to Invest in Britain or Sweden

China has made tremendous economic growth in the past 30 years and has gradually released the market. Nonetheless, China is still a country with Confucianism that is common to the population, but the Chinese government promises to provide foreign investment support to companies seeking to expand overseas. (IBM, 2006). There are a number of factors to consider when deciding which country to invest. This article considers the cultural, economic, political and industrial factors that China steel mills must consider in deciding whether to open new production facilities in the UK or Sweden.

Inexpensive labor is always regarded as the main factor behind China's economic miracle, promoting the status of the country in factories around the world, changing the world's supply chain, about the relocation of the factory to China It is causing the discussion of other countries. And unfair competitive advantage related to poor working conditions of Chinese factory workers. However, as in the case of economics, cause and effect may change their position. Cheap labor force has caused miracles in China, which in turn can eliminate cheap labor. Economic growth over the past 20 years has brought about a sharp rise in wages. As a result, the development of China's labor market has recently gained attention from economists and analysts trying to elucidate what is happening in China's most noteworthy global competitive advantage.

The main problem in the Chinese market is the multi-level complexity of political, economic and cultural factors. China is still operating under the ancient art of "relationship" (contact network), the Ministry of Information Industry is considered to be the regulatory authority and political party of the telecommunications market in China. Therefore, even if that contract permits the expansion of foreign companies, that huge bureaucracy will make long-term and time-consuming investment in China. The big advantage of the Chinese giant is the possibility of technological progress. Both companies will jointly promote development of mobile phones and IP sharing. Then, China Unicom can see foreign skills, as their main competitors seemed to be Vodafone six years ago. For SK Telecom, this transaction has made great progress. It allows them to enter the protected Chinese market and escape from Korea's saturated market.