In 2012, China became the biggest trading nation in the world. This has been measured by the amount of exports and imports that China has. The USA’s exports and imports added up to $3.82 trillion USD in 2012. China’s exports and imports added up to $3.87 trillion USD in 2012. Free trade is extremely beneficial for economies as it has influenced China’s GDP and has made It closer to becoming one of the super economies in the world.
For example, the new SUV, Buick Envision 20T was launched in April and has been a big hit for GM in China. GM reports that Buick has had its best sales ever in China in the first eight months of the year. The brand’s sales increased 5.4 % year on year to 581,544 units. Envision’s contribution to the brand was not huge (57,000 units in the first half) but it is growing now. The increasing share of Buick Envision in the brand’s total sales is also financially beneficial for the company.
Overall, however, looking at features other than financial, the joint venture seems to be a great way to grow for both the companies. This seems to be a great advantage for both the companies non-financially since CRE seeks to increase their market share in the Chinese market while Tesco hopes to gain recognition and expand its operations in the Asian retailer markets. The venture between Tesco and CRE has particularly caused many advantages for the local community of China, like increase in employment rates at the cost of minimum wage. Since Tesco is one of the largest and most recognizable retailers in the UK, it has given the venture a great deal of recognition, not only in terms of growth but also been beneficial to both the companies. With the emerging economy in China, technology has been a huge development, and therefore a fantastic opportunity for the venture has made an online approach at its customers.
Since more and more consumers are willing to purchase lighting products online, E-commerce will become the largest distribution channel for lighting products in coming years. Moreover, E-commerce provides the plenty of advantages, which encourages the company to expand the distribution channel. In addition, with the continued growth of the economy and the rise of people’s living standard in China, the consumption structure continues to upgrade and the expenditure on the lighting products are increased. Likewise, the rapid development of the property market, especially in the high-class residential communities and villas, can further boost the sale of home lighting products. At the same time, people are now placing more emphasis on the ambience created by lighting in their home and also pay great attention to the quality of the lighting products, therefore, the demand for high-end and high quality lighting products are increasing in China.
CHAPTER 2 Review of Related Literature and Studies This chapter presents foreign and local literature, and studied which are found significant in the conduct and result of the study. China’s Tourism Industry Since the 60's of last century, the tourism industry has been developing with the rapid development of the world economy, and has gradually developed into the world's largest emerging industries, the tourism industry has become the world's largest industry in the '90s, international tourism receipts in the world grew with the proportion of export earnings of more than 8%, more than oil, automobile, mechanical and electrical export earnings. Tourism industry has remained the world’s largest industry. Whether it is income, employment, or investment, tax, tourism industry to the development of the world economy has played a pivotal role. China's international tourism began in 1978, to encourage social and economic development.
China interested me the most because they are business driven, China knows how to bargain, they know how to communicate with others, and they tend to constantly grow in the business area. One thing that I really like about China is how assertive they're. China is very firm in the rules, regualations, and
Nowadays tourism in china is booming probably in high rates. According to the data in the 2014 the inbound tourist reached 128, 4983 million which increased the revenue to 10.16% than the previous year reaching USD 56.913 billion. Tourist are interested in exploring the gratifying cultural essence of China. They are eager to learn cultural backgrounds, traditions and behavior of daily lives and nature of doing business in china. It starts with the knowing etiquette of being the host and the guest in the Chinese family.
Singapore has also benefited from the inward flow of FDI from global investors and institutions due to her highly attractive investment climate and a stable political environment. From 2000 to 2010, the GDP of Singapore nearly doubled rising from S$163 billion to S$304
PESTLE on economy in China. China has emerged as powerful nation due to its market size, low cost and abundance of skilled manpower and its growth potential has given the required momentum to Chinese economy and business with foreign investors. China’s economic development has over years surprised the critics and supporters . The Chinese economy has impact on global growth , trade and investment and has direct consequences for every part of the planet. China has shed its communist image over years and is now recognized as integrated with other parts of world.
Nowadays, UNWTO tries to develop a more sustainable and ethical tourism, as well as promoting developing countries. 1.1. Growing important of tourism in our global economy According to UNWTO, in 1950, there were 25 million international tourist arrivals. This figure rose to 285 million in 1980, then 900 million in 2007. And since then, international tourism has been multiplied by 50 compared to 1950, and has reached 1,186 million tourist arrivals in 2015.