How to Do Business in ChinaHow To Do Business In ChinaNow that business is becoming global, it combined the whole economic, no matter you will accept or not, any countries, corporations and individuals can not stop this trend, what we can do is change ourselves to suit the globalization. As a multinational company, develop different markets have its necessity, and market development can be helpful for the development of the company.
In this report ,as the people working in this company, will analyze the differences between home country market and target country market, and help to choose the suitable market when company have willing to investing in a foreign country, the decision of the country which the company can invest in is China. In this report, will make analysis for Chinese market in economic environment, culture, marketing and human resource management, to prove its accessibility, and what risks the company will meet, then give some recommendations to escape or solve the problems.
For the decision of target market, will based on its profitability and expansibility, China is a country that has the number of population as 1.3 billion, which means it has great predominance in consumption, now Chinese people’s consumption in household goods and home furnishings less 100 Yuan per capita, below the standard of world average as 200 dollars. But with the development of Chinese economic, there are 20 million people will enter the middle class per year, and with the increasing of people’s income, the amplification of building area and the increasing of consumptive level, the requirement of household goods and home furnishings entering the new phase, and the potential of requirement becoming greatness.
The Chinese will have much more opportunity to improve their own social and economic situation for a long time. China is one of the wealthiest countries in the world. Their country produces a very large number of good exports and a large number of bad imports. They have the largest number of industrial and domestic products of any nation, including cars and appliances, motor cars, planes. There is no doubt that growth in population increases the likelihood that the two countries will reach their own national goal of “100% economic growth within five years” and further expand the distribution of goods, services, technology and resources for all.
Chinese demand and population will be higher by the end of the current 20-year period. All of the above factors will be factors in their favor. At first glance, China as a country is looking up. At an important point in time, especially after the Chinese Civil War, it has seen a very low demand to increase the consumption. But it’s a very good thing in that this is a highly productive country.
The economic situation to increase social and economic development is still in flux with a lot of uncertainty which are making us worry about how to go about it. China is no longer a “new market” but rather the “pre-existing market”.[1]
China must adapt to the rapid growth of other China’s countries and to find a stable level of demand. People’s economies, through their medium- and long-term growth strategies, must reach “high growth” status. This condition of development must be realized through gradual and deliberate changes in policy and culture and without external meddling and outside interference.[2]
China has the greatest opportunity to develop as a country, and it will have the most chance to avoid further stagnation in its development since the introduction of social and economic development and to attain the political and military advantage with its own economic, political and social conditions.[3]
Cultural Factors
A strong focus and focus on economic development and development must be achieved for the growth of China’s culture, since it provides a cultural legacy of the history of Chinese society. People have to learn to live with that and become better able to control their expectations, but they must also have the same respect to their elders and to their elders’ children, and to respect their elders’ authority.[4]
Economic Development and Development is a process of thinking around “the many different ways we might improve our lives today”. We can think about how to make them better by engaging in our collective efforts. We can also focus solely on development of China’s educational system, especially in the social sciences in particular. In other words, social science in general and the political sciences within China should be discussed, and China’s education system, to a great extent, should become “different”.[5]
This way, in practice, the Chinese economy will be more mature and that
The Chinese will have much more opportunity to improve their own social and economic situation for a long time. China is one of the wealthiest countries in the world. Their country produces a very large number of good exports and a large number of bad imports. They have the largest number of industrial and domestic products of any nation, including cars and appliances, motor cars, planes. There is no doubt that growth in population increases the likelihood that the two countries will reach their own national goal of “100% economic growth within five years” and further expand the distribution of goods, services, technology and resources for all.
Chinese demand and population will be higher by the end of the current 20-year period. All of the above factors will be factors in their favor. At first glance, China as a country is looking up. At an important point in time, especially after the Chinese Civil War, it has seen a very low demand to increase the consumption. But it’s a very good thing in that this is a highly productive country.
The economic situation to increase social and economic development is still in flux with a lot of uncertainty which are making us worry about how to go about it. China is no longer a “new market” but rather the “pre-existing market”.[1]
China must adapt to the rapid growth of other China’s countries and to find a stable level of demand. People’s economies, through their medium- and long-term growth strategies, must reach “high growth” status. This condition of development must be realized through gradual and deliberate changes in policy and culture and without external meddling and outside interference.[2]
China has the greatest opportunity to develop as a country, and it will have the most chance to avoid further stagnation in its development since the introduction of social and economic development and to attain the political and military advantage with its own economic, political and social conditions.[3]
Cultural Factors
A strong focus and focus on economic development and development must be achieved for the growth of China’s culture, since it provides a cultural legacy of the history of Chinese society. People have to learn to live with that and become better able to control their expectations, but they must also have the same respect to their elders and to their elders’ children, and to respect their elders’ authority.[4]
Economic Development and Development is a process of thinking around “the many different ways we might improve our lives today”. We can think about how to make them better by engaging in our collective efforts. We can also focus solely on development of China’s educational system, especially in the social sciences in particular. In other words, social science in general and the political sciences within China should be discussed, and China’s education system, to a great extent, should become “different”.[5]
This way, in practice, the Chinese economy will be more mature and that
Moreover, now Chinese furniture market has not perfect criterion, many outdated and lower quality productions still circulate in market. The UK furniture industry now trends to mature, the productions of it have higher quality and more fashionable, the advantage for enter the Chinese furniture market is evident.
And, China is a big country of resource, its cost of labor forces and materials are low, it can help for save the fabricating cost.Above all, Chinese furniture market as a huge latent market, it is the suitable decision for company to invest.Britain has a long tradition of parliamentary democracy, and the United Kingdom is a federal country, many of the current legislation of UK are applicable to the whole territory of the United Kingdom. British justice is independent of the Government administration. For business, the British has a history of mercantilism and put more importance to business, they use the model that single ministry manage all the business in UK. The Department for Business, Enterprise & Regulatory Reform (BERR) is the management ministry. BERR follows the former Department of Trade