The sheer size of the Chinese ecommerce market makes it an enticing challenge for many Western businesses.
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.
BEIJING (AP) — China has announced plans to expand its cities and improve public services to support economic growth by allowing millions more rura
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.
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.
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.
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.
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.
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.
KFC, like Starbucks, showing the importance of adjusting the business to local tastes in order to become successful.
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.
One in six companies brought manufacturing back to Britain in last three years according to EEF, with signs trend will continue
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.
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
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...
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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