Comparative Study on Competitiveness of Sino-US Services Trade

There is no doubt that increasing in international trade is supporting the economic growth across the world, raising incomes and creating jobs. However, international trade can also some create economic obstacles, such as the international context and the market policy and regulations of each country, and consequently it can be said that the effects would have positive and negative sides, and it is useful to mention all of them and to take them into consideration.

Since the reform and opening up, the economy of China grows significantly, as an emerging economy, China's economy has made tremendous contributions to the global economy, and Renminbi has become one of the most important currency in the world. According to the survey conducted by China National Bureau of Statistics found that from 1979 to 2012, China has attained an annual average growth rate of 9.8% for its national economy, while the annual average growth of the world economy is only 2.8 % during the same period. In past 30 years, China's GDP surpassed Japan’s, China became the world 's second largest economy, in addition, the huge total volume of trade makes China become the world 's largest trading nation. The contribution of China’s

China is one of the biggest countries along with Thailand and Japan who make goods for Australia. Being Australia’s third largest merchandise trading partner and seventh largest service export market in 2003, China might significantly affect the Australian economy through any changes made to its trade policies. A more liberal Chinese trade policy could increase Australia’s income in part through greater market access for its exports. Of every hundred dollars of national

In the last two decades, China’s economy has grown rapidly, becoming the world’s second largest economy after the U.S. China has gained this achievement by becoming the factory of the world and exporting cheap products to oversea markets. However, recently China has been losing its advantages in the export sector, which its economy is heavily reliant on. New data shows a visible slowdown in manufacturing in China and it’s time for China to reform its manufacturing model to resist this slowdown.

China’s economical strength comes from its international trades as the economy has grown to a rate of 10.3% in 2010. It has become the world’s largest exporter in the global economy. In the

   Tariffs have been a main factor affecting the development of China’s luxury market. After joining the WTO in 2001 China committed to reduce tariffs. Despite this people still prefer to buy luxury goods overseas because the existing tariffs create higher prices. A survey of 20 luxury brands sold in China shows prices are 45% higher than in Hong Kong and 51% higher than in U.S (Lan, 2011).

The benefits that arise from international trade can be derived from nations that have acquired trade power and established their revenue. According to Stanley, “nations with strong international trade have become prosperous and have power to control the world economy. The global trade can become one of the major contributors to the reduction of poverty.” Over the years, this type of trade has thrived as a result of the numerous benefits that come from importing and exporting good and service on a global scale, more specifically because of the increasing efficiency as well as the effects of supply and

Over the past decades, the Chinese and United States economies have been in competition with each other, revealing several similarities and differences between the two. One may believe, with the given information, that the similarities outweigh the differences, such as how they are the two largest economies, both are very focused on education, and how individuals may conduct their own sales with government overseeing. It is no coincidence that the United States and Chinese economies exhibit many similarities. One is that they are currently the two largest economies in the world, the Chinese just recently surpassing the United States.

With economic globalization, international trade is developing and growing at an unprecedented rate. After China joined the WTO, international trade tariffs reduced significantly；many non-tariff barriers were also reduced. However, some countries have adopted some new trade restrictions in order to protect their industries and markets. The ‘green barrier’ policy is a kind of trade protection means which has been frequently used by the developed countries since the 1990s, it has created unequal trade relations for a vast number of developing countries and caused huge economic losses to these developing countries. It has become the new obstacle for international trade. Briefly, the problems are: first, an increase in the cost of enterprises, affecting the international competitiveness of enterprises and second, the implementation of ‘green trade’ barriers hindering the development of the Chinese export trade. This essay will examine these problems in more detail and seek to offer possible solutions.

The main advantage of doing business in China is the fact that China has emerged as one of the world’s strongest economic forces, driven by the shear number of

Fock, H K. Y. and Woo. K.S. (1998). The China Market: Strategic Implications of Guanxi. Business Strategy Review, 9(3):

Since World War II, International trade has gained a rapidly increasing speed due to sustained and high-speed economic development in the world. In other words, countries’ degrees of openness and total volumes of import and export have enormously increased. In this paper, I will focus on the effects of accession to the WTO on textile trade between China and U.S, test comparative advantage theory (the main idea is that, under some conditions, when two countries start free trade, a country will produce and export the good which is in comparative advantage due to lower opportunity cost). Because of textile industries’ labor-intensive property, as the country with the largest amount of labor force, China is likely to have a comparative advantage in textile production. Therefore, it can be reasonable to conjecture that an increase in China’s export of textiles would occur after trade barrier eliminations on account of its WTO membership. In order to test my predictions, I will use regression analysis to test several variables such as Balassa Index (measure comparative advantages), Openness Index and total volume of textiles trade, then explore whether the WTO membership influences textile trade between these two countries.

The paper effectively highlights a research gap on the interesting topic of service innovation. In addition, the paper makes a theoretical contribution to the economic theory of globalization (Huttons and Giddens, 2001). On a constructive note, the unit of analysis needs to be clarified and the mix of top journal articles in the literature review needs improvement. A flaw in the paper is the lack of a conceptual model which would depict the relationships between the constructs and provide support for the hypotheses. The research method is straightforward, but the applicability of the dated Hofstede (2001) data requires further explanation. Without further rationale, a fair criticism could be the paper is a belated spin-off from arguably overused Hofstede (2001) data. Moreover, the lack of attention to detail, including numerous grammatical and reference errors, distracts the reader from the content. Lastly, the results and analysis are well presented and supported with practical guidance to transnational businesses.

Luxury product sales boost in the emerging marketing like China, which has extraordinary growth and strong potential consumers for the development of luxury goods in the China market. With gradually lower and lower increase of revenue in the European countries, Louis Vuitton (abridged as LV in the following sections) commits itself to set up more stores in China. However, LV is faced with the problems of declining profits in China, which urges it to adjust its entry strategy into the China market. In this case, this report will focus on distinguishing the factors that influence LV’s development in China and

The idea of this business is to open an express company, based on China-Australia direct shipping service. It can be seen that there are more and more Chinese people live in Australia. Student, workers and tourists, especially in big cities like Sydney, Melbourne and Brisbane. Although there are all kinds of goods in Australia, but we can still see that there are many other kinds of products are not able to get in Australia. The younger generation consumers have higher demands in purchase fashionable and Asian style products due to the utility and appearance are more suitable for Chinese customer’s preference. (IBIS world, 2015). However, there are not many Asian style shops in Australia and the products offered by the small amount of shops are much higher than the same product sold in China domestic market. Which all these above provide a large market for online shopping from China and as a result, the shipping service as an essential part of the market chain becomes very popular while the current express company market is not mutual and imperfect, therefore there are still have profit margin for a professional express company.