China trade performances and policies

China has the largest population of any country on our planet Earth, with more than 1.35 billion people.

China have set up large Hypermarkets where most of their physical presence Is obtained, and are currently opening a few express stores and online sites.

Throughout time, many countries have needed to implement some sort of economic reform in order to strengthen their economy so that they can be more of a power on the world stage and to stabilize their country. The Chinese reforms were long in the making, an unfolding process that had spanned most of the 20th century and, unlike other countries such as Russia who were trying to do the same thing but whom eventually failed, China prospered, and increased its economy greatly. China has had the fastest growing economy in the world for the past two decades, with an annual growth rate of approximately 10 percent since the economic reforms in 1979, and now has the second largest GDP in the world, second only to the USA. Starting in 1979 they

In history, We often point to the 1970s as the starting point for US-China trade, but I found that actually it can go back to the 18th century after the American Revolution. At that time, Americans got tea, silk, and porcelain was primarily through the British East India Company, but there was also a lot of smuggling going on at the same time. Anyway, it wasn't that the Americans went to China to get these goods (Christina). Later, Americans got well involved in the China trade after they beat the British in the revolution. After the war finished, the British East India Company's monopoly did not exist any more, so the Americans could go to China and they did by driving (Christina). Besides, another element that gave them the financial

3.4 Political Factors: Politian’s in China are attempting to avoid any acceptance on a leadership role in the world economy. They claim that China is still behind other countries in technology and has much lower power per capita GDP compared the world’s leaders; US. (Leo, 2010). Due to these 2 factors, lack of technology and economic developments, this presents more opportunities for international businesses. The reason being why China maintains to be an eye-catching destination for international markets.

China with the population of 1.35 billion and above are the world’s first most populous country. China is sovereign state located in Asia.

China and Asian countries are a major factor in the import and export industry, but they are also the countries to have major trade restrictions. For examples Asian countries have just recently allowed imports and exports to flow to and from their harbors. Many Asian countries at one time were completely closed off to the outside world, and with the recent acceptance to open up trade being a great happening; the restrictions on trades make it hard to flourish in other countries. China has refused to let certain industries enter into the country like auto, steel, and beef. The following excerpt gives an example of another trade restriction of imposing localization barriers:

China has been transforming into a rapidly growing economy ever since the trade reforms began in 1979 and upon its further entry into the World Trade Organization (WTO) on December 11, 2001 as the 143rd member, China’s trade liberalization and global trade commitments made at that time augmented the expansion in U.S.-China marketable ties (Morrison, 2015). The most significant clause of this WTO enterprise that proved to be beneficial for US was China’s unanimity to reduce the average tariff of agricultural and industrial commodities to 15% and 8.9% respectively. Furthermore, China agreed to rule out subsidies of agricultural exports and revoked few restrictions on some key agricultural products (Casey, 2012).

China is a country that affects the world and the way people live. China has the second largest economy and it grows through time. They have a large wealth of many minerals and natural resources, which include coal, iron, copper, limestone and much more. These reserves of mineral and natural resources help provide China with a steady foundation for rapid industrial growth. China is quickly growing and it’s population is increasing enormously. It’s booming economy and industry are a huge catalyst for the economic status of many other countries, of those including the U.S.

China is the second largest economy in the world after the US. This is measured by both nominal GDP ($4.99 trillion), and by purchasing power ($8.77 trillion). The Peoples Republic of China, as it is officially called, is the world’s fastest growing major economy in the world with an average growth rate of 10% for the past 30 years. China is also the second largest trading nation in the world as well as being the largest exporter and second largest importer of goods.

With almost 1.4 billion people, China has the largest population in the world. In other words, with the GDP of china exploded fast in last few decades, china retail market is the one of huge market in the world. I will represent Chinese business environment in this chapter.

Some major trade policies have negatively impacted the trade patterns of the two countries in a way that in spite of their growing ties, the bilateral trade relationship is often laden with complexities. According to U.S., China’s unfinished ‘transition to a free market economy’ is the root cause for many trade tensions. While China has liberalized its trade governance over the last thirty years, it continues to maintain a couple of

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.

Domestic market: As mentioned earlier China’s domestic market has always provided huge potential for investors both inside and outside China. In fact according to Premier Li Keqiang, China is “still one of the world's most attractive destinations for investment”.

Since the initiation of the economic reform and opening up policy in 1978, China has experienced a rapid economic growth over the last few decades. An average growth rate of 10% per year in gross domestic product (GDP) has transformed China into the second largest economy with GDP of $9.240 trillion dollar in 2013. Over 500 million people were lifted out of poverty as a result of its economic success. As one of the world’s fastest growing economy, China has expanded their economic presence globally, with trading partners all over the world. Benefiting from its demographic dividend and globalization, China has become the manufacturing powerhouse and a major contributor to the world’s economy. About 232 countries import goods from China with U.S, Japan, and Korea being the major importers of Chinese products.1