Beijing is the capital city of China. Formerly known as Peking, Beijing is one of the most populated cities in the world, with an estimated population of 19,612,368 people. Beijing’s Capital International Airport is the second busiest in the world. In addition, the city is home to forty-one of the Fortune Global 500 companies and over 100 of the largest companies in China, generating an average of 128.6 billion dollars a year. As one of the fastest developing super powers in the world, it is increasingly important for businesses to understand the cultural background existing in the Chinese business world. This allows for companies to promote their working relationship and increase profitability.