NICOLAS RAMON GARCIA Case studies: Trade performance and trade policies of select countries CHINA ID STUDENT 13201433 COURSE ID 122171 | 122071 OCTOBER 25TH OF 2013 CONTENTS 1. Basics of China A. China in Numbers i. Economy ii. Development iii. Trade and Investments iv. Consumption Behavior 2. China foreign trade A. Introduction on China trade policies i. China foreign trade in the past years ii. China foreign trade today B. China trade policies i. Data and facts about China related with international commerce 3. China in the WTO i. A balance of China in the WTO ii. Trade Barriers 4. The …show more content…
According to MOFCOM statistics, the biggest direct investment destinations from China to the EU were Luxemburg, France and the UK. Consumption Behavior China is the world´s largest car market. By the end of 2012 the number of motor vehicles reached 109.4 million in China. China produced 19.3 million cars in 2012. China is the world´s largest mobile phone market, with over 1.1 billion subscribers at the end of 2012. China is the second largest luxury goods market in the world, after Japan, and China is the second largest market for cinema, after the US. Between 1949 and 1979, a total of 280,000 Chinese travelled abroad. In 2012, 83 million Chinese citizens made journeys abroad. Household consumption as a percentage of GDP is among the lowest of any major economy, at around 34% in 2011, which remained nearly unchanged since 2006. China foreign trade Introduction on China Trade Policies China foreign trade in the past year The trade history of China is Important for how it has affected global production and earnings in poor and rich countries. Many analysts view China´s recent dominance primarily as the result of the post-1978 reforms. The overall economic system after 1949 was modeled after the Soviet Union, and raised savings from the rural sector in order to benefit industrial production. Foreign trade was generally conducted by state enterprises that had limited incentives to operate
Foreign trade with China dates all the way back to 206 BC – 220 AD during the Han Dynasty when the Silk Road was first established. Since then, the world has developed into an interconnected web of relationships that has linked empires across the globe. The foundation of these ties was formed upon the physical exchange of commodities such as porcelain and silk. These transactions have more than just satisfied the demands of eager consumers. They have led to an intricate network of contacts unifying East Asian countries with the distant nations of Europe and North America. The results of these cross-cultural interactions are vividly portrayed in an oil painting of Canton titled “View of Foreign Factories,” which hangs inside the Peabody Essex Museum in Salem, Massachusetts. Designed by Chinese artist Sun Qua, the picture depicts not only the emerging assimilation of economies, but also the spread of architecture, technology, and the integration of foreign culture into Chinese life.
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
China has the largest population of any country on our planet Earth, with more than 1.35 billion people.
We’ve all heard how much teenagers LOVE texting; some may say teens think it's even more important than other tasks at hand. One of them being, driving. Well, driving is indeed an important aspect in many people's lives, they even dream of the day that they are going to drive. But some don't realize that driving comes with a ton of responsibilities. The most important of them is, staying safe.
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:
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 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).
As one can see, there is ample opportunity for business in China. China’s economy is expanding very quickly. In order to be successful overseas however, there are many important points to keep in mind. In learning these obstacles and figuring out how to overcome them will define success in
Adolescents experience Piaget’s formal operations period of cognitive development. In this stage, individuals have to think about how reality compares to ideals, think hypothetically about different choices and their consequences, critique the reasoning of others, and debating matters of justice, meaning of life, and human nature. Early adolescents are starting to have emotional changes in their life. They are having greater intensity of positive and negative emotions-related to puberty, not age and they may make risky decisions in the pursuit of pleasure. In addition to adolescents, they need to know four skills in order to mutual problem-solve. Four of the skills are understanding others’ feelings and wishes, generating solutions so
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.
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.
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
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”.