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Chinese Business and Economy (IBUS30004)

Undergraduate level 3Points: 12.5On Campus (Parkville)

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Year of offer2019
Subject levelUndergraduate Level 3
Subject codeIBUS30004
Semester 2
FeesSubject EFTSL, Level, Discipline & Census Date

The subject analyses the dynamic re-emergence of China as a world economic power since the late 1970s, when China embarked on an extensive program of economic reform. We begin with an exploration of the early modern economic system that the People's Republic of China inherited in 1949. Next we explore the development strategies of the period under Mao Zedong. The primary focus of the subject is on the new economy that emerged under Deng Xiaoping from the 1980s, and the increasing complexity of economic reform as China joined the World Trade Organization in late 2001. We examine in detail such topics as changes in agriculture and rural living standards, the role of foreign direct investment and the multinational enterprise, the reform of state owned enterprises and corporate governance, and the emergence of a vibrant private sector and an increasingly large consumer market. Students will be able to apply the skills acquired to the analysis of not only China, but also other emerging markets or transitional economies in the contemporary global economy.

Intended learning outcomes

On successful completion of this subject, you should be able to:

  • Describe the historical origins of the organisation of the Chinese business and economic environment, including the competing explanations for the character of Chinese economic growth before the founding of the People’s Republic of China in 1949 and during the Maoist transformation of China (1950-78);
  • Apply the insights from political economy and international business to the Chinese business environment;
  • Explain the post-1978 economic reform in China and China’s integration with Hong Kong, Taiwan and the world trading system, including the trends in foreign direct investment and the strategies of multinational enterprises operating in the China;
  • Collect and analyse data relevant to understanding the China economy, especially the opportunities for international business to develop consumer markets in China;
  • Analyse and discuss critically the constraints facing the Chinese economy, in particular the reform of the financial sector and state owned enterprises, and compliance with international standards in business and trade practices, and labour and the environment.

Generic skills

  • High level of development: oral communication; written communication; application of theory to practice; ; interpretation and analysis; critical thinking; synthesis of data and other information; evaluation of data and other information; accessing data and other information from a range of sources; receptiveness of alternative ideas.

  • Moderate level of development: collaborative learning; problem solving; team work

Eligibility and requirements


One of:

Code Name Teaching period Credit Points
MGMT20001 Organisational Behaviour
Summer Term
Semester 1
Semester 2
IBUS20001 Business in Asia 12.5
IBUS20002 Business in the Global Economy
Semester 2


One of:

Code Name Teaching period Credit Points
MGMT20001 Organisational Behaviour
Summer Term
Semester 1
Semester 2
IBUS20002 Business in the Global Economy
Semester 2

Non-allowed subjects


Recommended background knowledge

Please refer to Prerequisites and Corequisites.

Core participation requirements

The University of Melbourne is committed to providing students with reasonable adjustments to assessment and participation under the Disability Standards for Education (2005), and the Assessment and Results Policy (MPF1326). Students are expected to meet the core participation requirements for their course. These can be viewed under Entry and Participation Requirements for the course outlines in the Handbook.

Further details on how to seek academic adjustments can be found on the Student Equity and Disability Support website: http://services.unimelb.edu.au/student-equity/home



  • A 2-hour end-of-semester examination (50%)
  • Individual written assignments of 2000 words, consisting of:
    - One short essay (500 words) due early in the semester (10%)
    - One long essay (1500 words) due late in the semester (30%)
  • Tutorial participation (10%)
  • To pass this subject students must pass the end of semester examination.

Dates & times

  • Semester 2
    Principal coordinatorHelen Hu
    Mode of deliveryOn Campus — Parkville
    Contact hoursOne 2-hour lecture and a 1-hour tutorial per week
    Total time commitment170 hours
    Teaching period29 July 2019 to 27 October 2019
    Last self-enrol date 9 August 2019
    Census date31 August 2019
    Last date to withdraw without fail27 September 2019
    Assessment period ends22 November 2019

    Semester 2 contact information

    Semester 2 contact information


Time commitment details

170 Hours

Further information

  • Texts

    Prescribed texts

    You will be advised of prescribed texts by your lecturer.

  • Breadth options
  • Available through the Community Access Program

    About the Community Access Program (CAP)

    This subject is available through the Community Access Program (also called Single Subject Studies) which allows you to enrol in single subjects offered by the University of Melbourne, without the commitment required to complete a whole degree.

    Entry requirements including prerequisites may apply. Please refer to the CAP applications page for further information.

  • Available to Study Abroad and/or Study Exchange Students

    This subject is available to students studying at the University from eligible overseas institutions on exchange and study abroad. Students are required to satisfy any listed requirements, such as pre- and co-requisites, for enrolment in the subject.

Last updated: 26 June 2019