Chin A Better Market For New Entrepreneurs

On the other hand, knowledge of the political and legal environment of China will be fundamental. Information on their laws and regulations, such as foreign trade policies, product standards, tax laws and requirements, trade barriers, labor laws, etc. are extremely important when assessing China as a potential market for our company. Finally, a thorough research on China’s market conditions, such as potential competitors, market trends, market opportunities and threats, potential risks, unique market characteristics, etc. will be necessary to obtained a complete evaluation of the country before entering the market.

Entering an untapped international market can strengthen a business tremendously—but what if the costs outweigh the benefits for the market itself? China has long been an important player on the global stage, but recent advances in manufacturing, natural resources, and energy production have catapulted the expansive country to the forefront of international trade. Currently the world’s fastest growing major economy, China is set to eclipse the United States as the world’s largest economy by 2016. Among various domestic and international plays, one of China’s most fascinating uses of its

Let us consider China for our example. China is the largest market in Asia and as such, it is an object of great interest for expanding companies. Many companies have already taken advantage of the opportunities afforded by dealing with China and many more will surely

Market-oriented economy unleashed individual initiative and entrepreneurship. That means that current business situation for Shenzhen Filtroil is positive. Also the labor costs are still cheaper in China.

There is a fierce competition for world dominance as China is poised to overtake the United States as the preeminent world power. China’s growing gross domestic product (GDP) rivals that of the US with economists predicting the Chinese economy will surpass that of the US by 2020 (Morrision, 2014; Strauss, 2013). In 2012, China had a GDP of $8.22 trillion (World Bank, 2014a) experiencing an annual average growth rate of 9.86% between 1999 and 2012 (World Bank, 2014b); whereas the US had a GDP of $16.24 trillion in 2012 (World Bank, 2014a) with an average growth rate of 2.15% from 1999 to 2012 (World Bank, 2014b). More than half of the GDP growth in the past decade can be attributed to labor income growth among college educated employees. Even during economic recession, income growth among college graduates had a positive effect on GDP (OECD, 2012).

Like yin and yang, they both have their ups and downs in the world’s economy. While the Americans have a stronger military and a planned economy, China has their good sides, too, with an excellent quality of education that puts them in the top position in the world’s international ranking. Other than that, China, mainly falls on the charts when compared to Americans. The Chinese are currently in a very bad state compared to the previous years due to their demographics, laws, and labor system. These factors influence their economic growth, and they are what is sending them down as each year goes by. China will need to increase their priorities in other categories such as the production of goods and increasing military spending in order to surpass the Americans economically. With regards to their economy, the freedom within the American’s are much more flexible than China’s. Individuals in America can freely and independently conduct and operate their businesses as they want. That’s not the case in China, where the government and relations control all of what you create. Any voice against the government in China may even lead you to imprisonment. Eventually, both countries comes down to an even standpoint with pros and cons in terms of

At present china is the second largest economy in the world and there are many ideas that china is pushing its way to the top however recent forecasts have showed that china will not overtake the US until the year 2028 which is much later than expected, although china’s sudden rise in economic power within the past

China becomes the second largest economy in this world and it has showed the remarkable economic performance over the last two decades after The United States. China’s gross domestic product (GDP) as Share of World GDP at PPP 25 years ago only reached around 4.7%, now China contributes 16.32% of world GDP. China exports the relative cheap products that lowered consumer prices across the globe, and its imports have had a major impact on global commodity prices. China also has become a major hub of interindustry trade. Regarding those facts, China may become the engine of the world economy.

It is important to note that this year has been projected from statistics used to study the relative decline of America and fast growth of China. It by no means projects of the decline of the US in the long run. The US even after this decline still holds a quarter of the world’s GDP. It would be hard to imagine a nation that relies on investment and international trade with the current economic leader by over taking it. China may yet be at a stalemate until proven that it can hold and invest their yield to correct their existing problems such as poverty, labour issues and push the Yuan value. If not then China will join Japan back at second place as expansion without productivity are only temporary. (Dewar 2012) This is not impossible task for China, it is most likely probable, but will take longer than the near future.

Empirical data represented in Figure 1a & 1b shows the rapid change in China’s Gross Domestic Product (GDP) and Consumer Price Index (CPI) that started from 1992 (Chen, Quan, & Liu, 2013). It has a relatively high average GDP growth of 10% per year over the last 30 years and its greatest increase occurred between 2001 and 2007 with an average of 11.6% (Malkiel, et al., 2008). This equates to a GDP growth increase of nearly

Nowadays, China, the emerging market in Asia, contains huge business opportunities. At the same time, because of the different culture and history, the characteristics of Chinese society including its source of power, social order, and solidarity, is actually very different from the West. The big difference is that China is a relationship-oriented society. For this reason, how can Westerner adapt the ways of doing business in China? Here are three recommendations for the entrepreneurs that want to enter the Chinese market.

With China emerging as a global power in business within the last decade, knowing about doing business in China has become more important than ever. There are both many advantanges and challenges with doing business in China in this modern era, and understanding both sides of this coin is the key to being successful in China. Some aspects to keep in mind include the cultural barrier, the price of the work force in China compared to the United States, and have the “made in China” brand be accepted back in the United States.

China is the second leading global economy and represents the world’s largest economic growth in recent years.

Although China is a growing country with increasing growth in per capita income and growth in the population, it cannot escape the huge changes from the outside world. The sub-prime crisis in USA and the world wide recession have made many countries including China slow down in growth.

In mid-March, The World Bank raised its growth forecast for China for 2010 to 9.5%. In November last year, the bank’s forecast for 2010 growth was 8.7%. Other forecasting agencies are even more optimistic, with the OECD forecasting growth of 10.2% in 2010, dropping marginally to 9.3% in 2011. (www.economist.com)