The automotive industry is critical industries that stand to collapse in a minute if we are not sensitive to the current situation. It is also known as an industry that is full of challenges, strategies, political constraints and also the dominant influence. To illustrate, companies such as Alfa, Benz and BMW are also among the more established. Though finally, the decisive success of a brand is the consumer. In order to answer the question, China attracted to GM because China is a country that has exploding demand and has been a more than attractive place for western companies who is interested in expanding their business.
International brands are more than local because it increases living standards and falling trust .Consumers life style change according to the customers’ wealth and study. There are 20 high rank foreign brands in China were pinpoint by Millward Brown interviewed in 10 Chinese cities during 2011 and 2013 where the study is complete. The 13 of the top 20 brands were from the US, two from Germany, two from France, one from Italy, and one from the UK/Netherlands Corporation Unilever based on the outcome. Samsung is only branding that Asian trade with South Korea. At last but not least is Culture.
China has the highest population in the world, encompassing 1.2 billion or twenty one percent of the world's population. China faces serious social and economic problems associated with overpopulation in the years to come. Overly populated regions lead to degradation of land and resources, pollution, and detrimental living conditions. The Chinese government has tried to find a solution to the problem of increasing population with moderate success. The Chinese government has used several methods to control population growth.
A very large group of multinational corporations operate in China, both Western and otherwise. China is one of the world's fastest-growing economies, and its inhabitants make up almost 20% of the world's population. Since its adoption of free-market principles, China has become one of the world's most hyped investment locations. As an emerging market economy, China presents a promising opportunity to many investors. Western multinationals such as Yum!
They literally developed a supply chain between its local exporters with worldwide online buyers through their website; this was bringing them perception of internet and e-commerce to a whole new level. With time when internet started expanding the internet in China started to increase and the exported volume was growing, so was Alibaba’s e-business reaching from 1 $ profit in 2002 till 1 million $ by the end of 2004, when they started to feel the real benefits of e-commerce and the enormous opportunity in e-business. Consequently Alibaba launched Taobao which now is the largest online shopping marketplace, exceeding US eBay online marketplace. Alibaba has also launched Alimama, the largest online advertising platform for business purpose. In 2008 the B2C market was slowing down far behind B2B and C2C.
With the implementation of the Chinese Economic Reform, China’s GDP has seen a tenfold increase and has even overtaken Japan to be the second largest economy after the United States. However, there is always a downside to economic progress in a country. Pollution. Not only is pollution is a huge problem in China, it is in fact a problem in many industrialised cities. China is saturated with heavy industry, metal smelters, and coal-fired power plants which are all paramount in maintaining the fast-paced economic growth it is currently experiencing; even as they generate tons of hazardous gases and soot into the air.
China will become the world’s largest luxury market by next year, accounting for 20% of total luxury consumption, according to global management and consulting firm McKinsey & Company. In 2013 China became the world’s largest art market and it drives global high-end growth in various sectors from fashion to automobiles to wines. Chinese consumers represent the top and fastest growing country for luxury, this nation spends abroad more than three times what they spend locally on luxury goods. The price difference between luxury products sold in China and the ones sold abroad is the main reason why wealthy Chinese shop their luxury goods overseas. Rising middle-class households have annual incomes of at least €110,000 in developed markets and
He Xiangjian, with his open risk taker entrepreneurial traits did not only successfully sustained the growth of Midea but he was also taking risk to expand it, by listing Midea in the stock market to attract more capital. On November 12, 1993, Midea listed on Shenzhen Stock Exchanges, becoming the first listed township enterprise approved by China Securities Regulatory Commission. Income of major business of Midea group was increasing from RMB487 million in 1992 to RMB2.5 billion in 1996. Midea became one of the biggest home appliance production bases in China. In 1998, Midea purchased 40% share of Toshiba-Wanjiale Refrigeration Equipment Co. Ltd. and Toshiba-Wanjiale Electrical Machinery Co. Ltd., which both company were facing operation difficulties.
In order to meet the needs of economic development, China has significantly increased the investments in domestic infrastructure construction and other fixed assets. Therefore, China's demands for commodities are also growing at a very high speed. Due to the relative disadvantage of domestic resources, which can not meet the increasing demand for bulk commodities. China has to import large quantities of commodities, such as iron ore, crude oil, copper, etc, from other resource-rich countries. As a matter of fact, the volatility of international commodity prices directly affects the commodity futures prices and spot prices domestically and internationally.
Over the past few decades, the information age has had a major impact on business – one of the biggest being globalization. This has, out of necessity, changed how business is managed – and introduced new and fascinating facets and concerns for business management, as well. We’ll look at a few of them here: multinational corporations, culture shock experienced by managers working abroad, fair trade issues, ethical issues faced by managers in dealing with international business, the difference in managerial styles that can occur between different countries, and the management style of privately held companies in China. Multinational corporations are the big engines of globalization. According to Guillen, the 500 largest multinationals account