ABSTRACT
This chapter addresses the connection between China's business ethics and China's social and political background, especially in relation to the policies since 1978. It examines some of the possible challenges that China's business ethics will be facing in the future. China is a country with a long history of ethics and moral governance, but its history of business ethics is akin to a short story. In any country, the birth of business ethics usually requires two conditions, one objective and the other subjective. On the one hand, there should be an economic system objectively suitable for the development of business ethics. On the other hand, there should be mature agents of economic activity who subjectively recognize the value of business ethics and feel strongly motivated to establish it as a new branch of learning. The policy of reform has proven successful and has brought about significant economic and societal changes.
