China is the largest producing country in the world.
Yuan was among more than a dozen trade officials and corporate executives who offered valuable insight into the shifting dynamics of China's business world during the Oct. 24 seminar. More than 100 students, professors and local business professionals attended the conference which was sponsored by the Graduate School of Business Administration. The focus this year is on building China's business using new approaches. China's evolving economy is now the second largest in the world, after the United States. Today, less than a third of China's businesses are state- owned, according to Fan Zhang, an economics professor from Peking University in Beijing who discussed China's rapidly changing business environment.