Essay about Hong Kong and Shenzhen’s Coopetition in Logistics Industry

With so many goods brought into Quanzhou’s port, the government enabled more protection to ensure safety within; whether it

many goods and services targeted to the mainland Chinese market was traded via Hong Kong

Ports attract industry and thus development. Larger settlements develop to accommodate the shipping trade like warehousing, processing and commerce. Shanghai is the busiest port in the world and has developed because of this. Due to its excellent port, Shanghai has been a leading power of China's economic and trade development since ancient times. Its economy has increased by over 10% for 15 consecutive years and it accounts for 25% of the total value of China's imports and exports and 12.5% of the total revenue. By being in the coastal zone it has been a beacon for development and it is that has allowed it to gain the position of the third highest GDP in China. Shanghai has and will continue to develop because of its location near the

China’s expansion in trade is accompanied by the increase of FDI and growing trade by foreign invested enterprises. (Fung, 2002) Contribution of FDI has increased dramatically since the early 1980s, especially in the 1990s. During 1980 and 1985, trade by FDI constituted less than 0.6% of total export and 2.1% of total import. The shares went up to 7.3% and 12.8% respectively in the second half of 1980s. In

China's growing economy is not only gaining international prestige, but its confidence has soared as it continues to be the world's fastest growing economy for the past three decades. "China's rise as a manufacturing base is going to have the same kind of

China has become the nation that established the scales for cheaper manufacturing and labouring cost across the world in last few decades (You & Xu, 2010, p. 4469). It results in attraction of companies towards the China to get the job done at lower rates as compared to other nations. In 1961, Canada started the trade and business partnerships under the governance of Mr. John Diefenbaker, 13th Prime Minister of Canada, by establishing the political relationships with each other. The

The importance of open trade is usually defined by the greater or lesser levels of international cooperation between different regions of the world. In China, the continual struggle for

Senco Electronics Company (Senco) is a U.S. based manufacturer seeking to evaluate moving its assembly plant to China. Senco is evaluating the cost of operations when transporting via electronics products from china to the U.S. via air or maritime. Currently, total estimated costs for this Case Study are $823,000 for maritime and $800,000 for air with a projected annual demand of 2.5 million pounds from the new facility. Additionally, the Case Study proposes a growth of 5 percent annually over the next five years.

Hong Kong is known for their small and free economy system. They are deemed as the global monetary foundation. Due to the influence of the worldwide economic catastrophe, its economic growth confronts various new trials. As a result, a complete examination of the Hong Kong’s financial growth and their prominent production standing becomes a vital matter. Hong Kong is presently the world’s most service oriented economy, with facilities divisions responsible for more than 90% of GDP. After the Chinese mainland it is measured as the second major beneficiary of the foreign direct investment and it is the third major cause of FDI in Asia, following Japan and Chinese mainland.

Hong Kong (HK) began as a British colony in 1842 as a “spoil of victory from the Opium War” (Chan & Postiglione, p. 3). Its markets and ports were driven by regional trade and their strategic location. Hong Kong has since then become a cosmopolitan city-state of global significance and serves as the gateway to trade with mainland China. Further, HK acts as a catalyst for the economic development of southern China, where HK industries employ manufacturing labour force workers in the neighboring Guangdong province. Hong Kong is therefore dependent on China’s own economic growth and modernization, however, its successful free trade and market society are in contrast to its lack of a fully democratic form of government under British rule (Chan, Postiglione, p. 3).

The unparalleled growth of economies in China over the past thirty decades have sparked a lot of interests from economists, with many arguments and explanations attempting to account for the actual dynamics that influenced such growths. Since the 1970s, the Chinese’s economy has a tendency is constantly increasing. The export-led growth gradually exceeded the import, with an annual growth of 17.2 percent in exports and 16.4 percent in import in 2010 (lse.ac.uk). In fact, implement of the policy of reform and opening, export-led growth is one of the main reasons for Chinese economic prosperity. One of typical examples is Shenzhen, located in southeastern China. Trading export leads Shenzhen’s GDP to rising, which has become the main momentum of economic growth. This success must contribute to its strategic location and geographic location.

Hong Kong is a bustling cosmopolitan city with many distinct features that separate it from a traditional Chinese territory. Hong Kong or the Fragrant Harbor is on the southern most coast, situated in between the Pearl River Estuary and

Group: F4 Chan Kean Sam (100235) Kong Feng Pei (100309) Wong Kit Wah (100437) Zhao Yu (103247)

From Singapore’s perspective, being an entrepot city devoid of natural resources, it had historically no choice but to be the middleman of all the trading nations, including China. Due to its strategic and well-located geographical position, Singapore had emerged as an important middleman and reexport centre for natural rubber from Malaya to China and a distribution centre for China’s commodities to Southeast Asia. When reforms in China began to rejuvenate its internal economy and to open it up to the global economy by signing a number of regional trade agreements and by accessioning into the World Trade Organisation (WTO) in the year 2001, Singapore has been actively pursuing economic opportunities in China.

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.