The Current Scenario And Economy Of China

The technology enhancement improves the efficiency of the supply chain, safeguard customer information and boost infrastructure associated with the target web portal for supporting online and mobile community an offensive complementary strategic option. The internal information

Just like other manufacturing, the company I worked had moved to China following the flow of manufacturing business. After researching the trend of future jobs in

Research and Market 2006, as well as Virginia et al., 2003 concluded that Chinese furniture manufacturing has made remarkable progress which is driven by the fast development of the domestic economy, high foreign investment and a booming export business. It is therefore most recognized that, the booming growth of China's furniture industry can be mainly associated to an abundant work force and low costs (Cao et al. 2004, Cao and Hansen 2006, Han et al. 2009, Han 2010).

Since goods can now be transported a lot easier, many companies prefer to hold their manufacturing units offshore in LEDCs such as China, India, Bangladesh etc. Land and labour in these countries are a lot cheaper, allowing more goods to be manufactured

Electronic Data Interchange (EDI) which is a communication method that provides standards for exchanging data via any electronic means. Specifically, to a family of standards and can be defined as the transfer of structured data, agreed message standards, from one computer system to another without human intervention.

Based on the population issue, the Chinese government enforced the birth control policy from the late twentieth century until now, so the total fertility rate of China is lower than the total fertility rate of the U.S. In the labor market, China plays an important role of the labor export. Large population emerges more workers, so the labors are cheaper in China. After the cold war in the 1990s, the global economic cooperation made the connection between countries was more close and complex. Many international companies invent and possess their core technologies in the U.S or other developed countries, but they found their manufacturing factories in China. They already aimed at the Chinese large cheap labor market could reduce the cost in their entire business. Consequently, people can find different kind of stuff labeled as “made in China” easily and frequently—it is a good explanation for the fact of half of my clothes were “made in China”. Many small factories which produce clothes and accessories are located in small towns in southeast of China, especially Zhejiang, Fujian, and Guangdong Provinces. Most of workers in those factories are wide range-age women who from rural areas with lower level education. Their working conditions are depended on the conditions of the factories.

The management team has concluded that a new location in Shanghai would make the organization more competitive in the long run. The move would allow the company better access to key logistic networks and increase its distribution capacity throughout Asia and Europe. Therefore, a new Shanghai location project

The main advantage of using EDI to capture and process business events is that there a significant reduction in the need for interaction between purchasers and agents, coupled with the standard implementation of Online Transaction Entry (OLTE). OLTE eliminates the redundancy between source document capture of business event data and subsequent keying in of the source document. With Electronic Data Interchange (EDI), it allows direct processing of those documents. EDI has been the forerunner to significant technology innovations for businesses.

The china factory needs to have much more raw materials to produce. One reason is that the volume of china is greater than that in San Francisco. Also it is more automated. So when they used up the material they can continually use that material. So it accumulates many materials.

The Peoples Republic of China’s economy is now the second largest in the world with an estimated gross domestic product of $9.24 trillion USD (China, 2014). This is the result of a strict economic reform policy put into place in 1978, which removed emphasis on the agricultural sector and moved to the energy intensive sector of manufacturing. The growing demand for energy often came in the form of highly polluting coal-fired power plants, but in 1992 the Three Gorges Dam was approved with construction beginning in 1994. The world’s largest dam was intended to produce power economically, reduce environmental impacts, and help to prevent floods downstream. However, the Three Gorges Dam is often seen as highly controversial due to foreseen and unforeseen problems that have arisen following its completion in 2012 (Jackson and Sleigh, 2000). The dam may be one of China’s largest environmental oversights and social failure in recent years.

The factories the produces goods for others countries have really bad conditions. According to China Labor Watch (2015) if the

China was one of the fastest growing economies after 2000. China’s GDP grew at an average of 10% from more than last decade with fast paced manufacturing and industrialization. Shanghai stock exchange, biggest stock market in Chinese economy, kept on growing at fast pace, which recovered quickly through global meltdown of 2007 and after 2014, it grew enormously, due to which it almost doubled its value within a year. Increasing trend of Margin trading and overpriced stock prices gave rise to a volatile bubble which finally burst in June 2015, which led this country to face the biggest stock market crash of their history. We will try to analyze whole event, all the factors which contributed to this Government supported fiasco and its impact on future of Chinese economy as well as on the rest of the global economy.

For example rent the land that used to build the factory, buy machine or raw materials that used to produce furniture. But, overseas customers can buy the furniture more easily and conveniently if set up factory at there, so it can increase more and more profit to cover the expenses that spend before. We also can keep the good quality of product and good reputation of company to maintain and preserve the old customers. Other than that, we can create the new functional and suitable furniture in order to attract more and more customers to increase the company’s sales.

the China market IKEA China has been allowed to exceed and expand its sourcing of

Since Somerset has the machinery to make the custom furniture, part of the agreement should include requiring their Chinese manufacturers to use them. They also need to find other manufacturers so that they can mitigate the risk if their primary manufacturer experiences a problem meeting the deadline or there is a problem with the shipping deadlines.