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Ecommerce in China: 25+ stats that highlight one big opportunity

Ecommerce in China: 25+ stats that highlight one big opportunity | Buss4China | Scoop.it
The sheer size of the Chinese ecommerce market makes it an enticing challenge for many Western businesses.
Cara's insight:

A huge opportunity in China, however the threat is the already established Chinese ecommerce businesses. Ebay has already tried to become a success in China but failed as a result of the Chinese company Alibaba fighting their way back. 

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Smartphones and Social Media Power China's E-Shopping Revolution

Smartphones and Social Media Power China's E-Shopping Revolution | Buss4China | Scoop.it
Three-quarters of China's online shoppers make purchases at least weekly, most with their smartphones

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China may have to move sooner than expected to deal with shadow-bank lending

China may have to move sooner than expected to deal with shadow-bank lending | Buss4China | Scoop.it
Signs of economic stress are mounting as Chinese companies report disappointing profits and state-owned banks take large debt write-offs.
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China Admits Its Cities Are Failing Pollution Standards As Beijing Chokes On Smog Again

China Admits Its Cities Are Failing Pollution Standards As Beijing Chokes On Smog Again | Buss4China | Scoop.it
Only 3 out of 74 Chinese cities fully complied with pollution standards in 2013, and the country's capital saw pollution 10 times the safety level yesterday.
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Why Starbucks succeeds in China and others haven't

Why Starbucks succeeds in China and others haven't | Buss4China | Scoop.it
What did giant coffee chain do to prosper in a culture where so many Western food and beverage brands failed to impress?
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Tesco find their 'secret weapon' fails in China

Tesco find their 'secret weapon' fails in China | Buss4China | Scoop.it
Qing Wang reveals how Tesco needs to understand the Chinese shopper if it is to crack the second biggest economy in the world
Cara's insight:

Why Tesco struggled in China

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Tonight: Is Britain Back In Business?

Tonight: Is Britain Back In Business? | Buss4China | Scoop.it
Over the past 30 years, more and more UK companies have moved their business overseas – attracted by lower labour costs in countries like China.

But with those costs now starting to rise, and confidence at home increasing, British companies are beginning to return – offering the potential of thousands of new UK-based jobs.

And British manufacturing in particular is set to benefit.

A decade ago, British businessman Tony Caldeira closed one of his UK factories, at a cost of a hundred jobs and moved the bulk of his production to China. He feared that otherwise, he would go bust.
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China announces plans to expand cities

China announces plans to expand cities | Buss4China | Scoop.it
BEIJING (AP) — China has announced plans to expand its cities and improve public services to support economic growth by allowing millions more rura
Cara's insight:

If more people are earning more then they will have more money to buy more food. However if more farmers are migrating to the cities then China will find it difficult to meet this demand as a result of potential food shortages.

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Nike, other U.S. companies, move some manufacturing out of China

Vietnam surpassed China in 2010 as the largest supplier of Nike footwear.

Via tutor2u
Cara's insight:

China used to be the place to go for cheap manufacturing, however since labour is becoming more expensive due to a rise in wages China now doesn't have this competitive adavantage over cheaper countries. Furthermore the nation’s working-age population has been declining since 2012 as a result of the one-child policiy which means that it's harder to find the worers that you need for manufacturing.These changes have led global manufacturers such as Nike to begin shifting production to countries such as Bangladesh and Vietnam.

U.S. and European clothing makers are also looking elsewhere to places such as  Bangladesh, Vietnam and India which are predicted to be the top three destinations for the coming five years. It is thought that Mexico would be the new favourite destination for the US manufacturing since Mexico benefits from its proximity to the U.S. market and lower transportation costs.

How are China going to stay comeptitive though? Sureky if the economy is becoming more developed then they can afford to train the labour to produce high quality products and therefore focusing more on the product than the price.

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Jack Murray's curator insight, March 17, 2014 12:37 PM

Nike show the attraction of lower wages elsewhere including Bangladesh and Vietnam as rising Chinese wages look to bring their competitive production edge to an end.

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Rising Wages in China: Causes and Consequences

Rising Wages in China: Causes and Consequences | Buss4China | Scoop.it
Wages are rising fast in China – many economists believe that China has hit a stage in its development at which demand for labour starts to grow faster than supply, creating labour shortages and pushing up the price of labour (something economists refer to as a Lewis Turning Point). Why.
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UK inflation fell to 1.9% last month

UK inflation fell to 1.9% last month | Buss4China | Scoop.it
The UK's inflation rate falls to 1.9% in January, the first time in more than four years that it has gone below the Bank of England's 2% target.
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China's new middle class has cash, will travel - YouTube

Feb. 6 - A wave of Chinese sightseers is sweeping the globe, and is set to triple spending abroad by 2020. Top draws like Paris are learning fast how to cate...
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Will China shake the world again?

Will China shake the world again? | Buss4China | Scoop.it
China’s growth in recent years has been generated by a dangerous lending and investing splurge. My new BBC2 film investigates whether a crash is looming that will shake the world.
Cara's insight:
A risk involved if trading in China Wouldn't be surprising if China was on the way of having a recession due to it's major investments and the need to borrow money for these investments. When a big economy is investing this much to generate wealth and jobs, it is a racing certainty that much of it will never generate an economic return, that the investment is way beyond what rational decision-making would have produced. This will make it a struggle for China to pay of its debts which have been rising at a very rapid rate of around 15% of GDP because of it's significant amount of borrowing. 

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Why Localisation Is Important for Success in China – Yum! Brands and the Rapid Growth of KFC

Why Localisation Is Important for Success in China – Yum! Brands and the Rapid Growth of KFC | Buss4China | Scoop.it
Businesses from outside China trying to sell in China face a critical question as they try to enter China. How far should they go to adapt or redesign (“localise”) their products and services to meet the needs and wants of customers in China? Should they adapt existing products just enough.
Cara's insight:

KFC, like Starbucks, showing the importance of adjusting the business to local tastes in order to become successful.

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China’s Xiaomi Plans to Give IPhone Cool at Half Price

China’s Xiaomi Plans to Give IPhone Cool at Half Price | Buss4China | Scoop.it
As China’s Xiaomi Corp. began selling smartphones in Singapore this year, each batch sold out in just a few minutes. So when the company asked people on Facebook to spread the word that more phones would be available soon, one fan was having none of it.
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China's factories reveal slowdown

China's factories reveal slowdown | Buss4China | Scoop.it
China's manufacturing sector showed further contraction in March, according to a new report which mainly tracks activity in smaller factories.
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Petitioners want 'ethical iPhone'

Petitioners want 'ethical iPhone' | Buss4China | Scoop.it
An online petition calls on Apple to address growing concerns about the conditions of its Chinese factory workers.

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Lily Prosser's curator insight, March 16, 2014 4:34 PM

Ethical issues within Apple

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How the cookie crumbled for Tesco|Opinion|chinadaily.com.cn

How the cookie crumbled for Tesco|Opinion|chinadaily.com.cn | Buss4China | Scoop.it
British retailer can still succeed in China if it becomes a premium, exclusive brand.
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Why Tesco struggled to crack China

Why Tesco struggled to crack China | Buss4China | Scoop.it
With nearly 1.4 billion people, China is the biggest consumer market in the world. Yet the supermarket giant Tesco has found it tough to crack the market.
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New government support to encourage manufacturing production back to the UK - Press releases - GOV.UK

New government support to encourage manufacturing production back to the UK - Press releases - GOV.UK | Buss4China | Scoop.it
UK Trade & Investment and the Manufacturing Advisory Service launch Reshore UK a service to help companies bring production back to the UK.
Cara's insight:

The attraction to bring back manufacturing to the UK

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Ford ups China investment as sales surge

Ford ups China investment as sales surge | Buss4China | Scoop.it
Ford Motor Co. plans to double its research and engineering capabilities in China in the next few years as it aims to gain market share in the world's largest auto market.
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Production returning to UK as cost advantage in China diminishes

Production returning to UK as cost advantage in China diminishes | Buss4China | Scoop.it
One in six companies brought manufacturing back to Britain in last three years according to EEF, with signs trend will continue
Cara's insight:

With income rising in China, workers are now more expensive to employ, making the cost of producing in China more expensive than it was before. Businesses now cant use China to their advantage when it comes to cutting costs. The need to be closer to customers, to have ever greater control of quality, and the continued erosion of low labour costs means that businesses are moving back to the UK to produce their products.

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The Slowing Chinese Economy - Rebalancing Has Implications

The Slowing Chinese Economy - Rebalancing Has Implications | Buss4China | Scoop.it

The rate at which China's economy has grown in recent years (as measured by the growth in GDP) is slowing.


Via Mr Jones
Cara's insight:

China still grows at a very healthy rate by developed economy standards but is it still dangerously overly reliant on (government funded) investment. Long term growth in any economy needs to be well balanced; adjustment to this in China may have major implications world wide

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Mr Jones's curator insight, February 19, 2014 3:09 PM
China still grows at a very healthy rate by developed economy standards but is it still dangerously overly reliant on (government funded) investment. Long term growth in any economy needs to be well balanced; adjustment to this in China may have major implications world wide
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China drains $8bn from money markets

China drains $8bn from money markets | Buss4China | Scoop.it
China's central bank removes nearly $8bn (£4.7bn) from the money markets in a bid to control the amount of credit in the country's financial system.
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The Implications of China's Shrinking Workforce - YouTube

e a bad China has the world's largest population, however the country's population is ageing, mainly due to the one child policy that has been in place since the lat...

Cara's insight:
Threat in china for businesses? The one child policy may have been good in controlling the fast growing population in the past however it has serious implications for the future workforce. With a decreasing amount of young workers and a large aging population, China will find it hard to be meet future demands and also the ability to help the elderly since there a few people to pay taxes. One of the solutions around this is to become more capital intensive however with China's economic position this may be a bad idea since it has already spent a fortune on investments and has yet the debt to pay off. 

Another implication this will have is the increase in wages since the demand for workers will be higher and so to keep those workers means that they will need a reason to stay. This will make moving to China seem less attractive if they are having to pay Chinese workers more, especially since there is a massive risk that they're business might not be successful in a Chinese market. 

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