The emergence and rapid growth of China, and large corporate enterprises within other Asian countries, has given rise to the notion of the Asian Century, one in which China and the Asia-Pacific region is emerging as a major arena for international business and trade. This unit examines the rise of China in the global economy and its impact on international business, trade and investment, and global economic growth. It analyses China's economic integration into the world economy and the challenges of increased competitiveness on other major economies. In addition, it examines how China's participation in regional trade agreements and multilateral agencies such as the WTO has opened up opportunities for trade, investment, and international cooperation, with a particular focus on relations with the USA, EU, Australia and ASEAN. It also provides a strategic perspective on issues facing multinational and domestic enterprises in China, with insights into successful business models.

Unit details

Study level:
Credit points:
Unit code:

Learning Outcomes

On successful completion of this unit, students will be able to:
  1. Interrogate the economic structure of the Chinese economy, policy reform and international integration strategies;  
  2. Critically review the drivers of economic growth and development of the Chinese economy, the sustainability of the current development model from an economic and environmental perspective;  
  3. Critically evaluate trade, investment, labour mobility, technology transfer and the integration of China with key trading partners such as the USA, EU, Australia and ASEAN;  
  4. Develop a strategic perspective on issues facing multinational and domestic enterprises in China and Chinese enterprises abroad, with insights into successful business models; and  
  5. Advocate and identify opportunities and challenges for Australian businesses engaging with China with accountability and an evidence base.  


Assessment type Description Grade
Test Multiple choice and short answer (1 hour) 10%
Case Study Individual case analysis and reflections with group presentation 50%
Project Group report and presentation 40%

Where to next?

Study a single unit

This unit can be studied on its own, without enrolling in a full degree. Learn more about single units of study at VU.

VU takes care to ensure the accuracy of this unit information, but reserves the right to change or withdraw courses offered at any time. Please check that unit information is current with the Student Contact Centre.