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
In the few recent years, China has replaced United State to become the world largest economy. This Economic situation has opened an enormous number of opportunities for most industries to expand their operation from domestic market to international market. Shanghai, which is the China’s largest commercial and industrial city, focuses on 6 major industries which are information technology, automobile, large-scale electromechanical equipment, petrochemicals, heavy manufacturing and biopharmaceutical products (http://en.people.cn/200207/20/eng20020720_100055.shtml). With the virtually unlimited well-educated labour resources and the unique international location, Shanghai is
Our research over the past five years into the battles between multinationals and local Chinese companies reveals that while market dominance by local champions is far from universal, it’s becoming ever more frequent. In industries as different as beer brewing, mobile-phone manufacturing and laundry-detergent production, Chinese companies — often seeming to appear from nowhere — are forcing multinationals to rethink their strategies and their hopes for explosive growth in the China market.
China will likely prove to be a significant market for the U.S. in the future. China is one of the world's fastest growing economies, and with its efforts to reform,
China may be an attractive country for US firms who are seeking to expand their business and enter the Global Market for import and experts of goods and services. Also, China has a cheaper and large workforce that is attractive to firms who want to raise their revenues by expanding productions abroad. The details in this report will provide feedback on the important impacts of doing business in China. The overview will address the following categories: Geographic considerations, demographics, political system, economy, cultural issues, communication, transportation and technology, a brief overview of the military, transnational issues and labor considerations.
I found this article "Foreign direct investment: Companies rush in with the cash" on the financial times website (www.FT.com) published December 11, 2002 written by John Thornhill. The reason for choosing this article is my personal interest in the Chinese economy and its attractiveness to the foreign investors. Apart from the foreign direct investment this topic has also helped me in understanding the impact of Chinese economy on the global 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 becoming more westernised, particularly the ‘cosmopolitan’ city of Shanghai, where demand for Western products is increasing rapidly as disposable income rises in line with China’s strong economic growth. Michel’s wanted to establish a foothold in the market at an early stage to demonstrate a long-term commitment, which has been identified as essential to compete successfully in the Shanghai market (per Tim Harcourt, Austrade Chief Economist).
Rollins China Center & International Business Department Rollins College 1000 Holt Avenue 32789 Winter Park, FL, USA E-mail: firstname.lastname@example.org E-mail: email@example.com E-mail: firstname.lastname@example.org *Corresponding author
The situation for new entrants was very complex in china; acquisition of cities took much longer than in developed countries. Starting a new business in china was not a rapid process. Making relationships between channels was a slow process, because manufacturers, distributors, and other actors preferred to negotiate with people who they knew before, in china personal relationships are quite important in businesses. Some factors that influenced this process were
In the past decade, the Asia countries have been on the rise of taking over the trading field from countries such as the United States and Europe. This has been playing a major factor into how countries are feeling about the way Asia countries are operating when it comes to regulations on exports and imports and on how businesses are moving their companies oversees. Many of these Asia countries have decided to recently join the World Trade Organization to be able to trade properly with other countries. I will be examining to see if the WTO has actually benefited countries such as China, Japan, and South Korea. These countries are currently in the top traders and have recently risen to this area.
Deloitte and Development &Research Center of the State Post Bureau joint report, "The report of China's express delivery industry development 2014" shows that in 2013, China's express delivery service enterprises totaled 9.2 billion business volume, market size rose to the second in the world. Chinese express delivery industry currently has about 8,000 enterprises, total revenue in 2013 amounted to 144.22 billion CNY(23.54 billion USD).(2014) While SF-Express occupies over 20% domestic express delivery market share with annual revenues of more than 20 billion CNY(3.2 billion USD).(Cuiyi,Wang. 2013) This essay will explore the introduction of SF, provide PESTEL analysis and Porter’s Five Forces analysis of the company and strategic recommendations.