the chinese economy final
Multinational Corporations and China’s Economy
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Abstract
This paper seeks to analyze the Economy of China as pertaining to entry and operation of Multinational Corporations. It goes a long way in exploring different factors, occurrences and scenarios that have in one way or the other affected the operations of the region in trade.
The republic of China has over time grown to be a large economic hub recognized globally. Characterized by a socialist model market economy, China has been recognized as the world's second largest economy evaluated using the nominal GDP and Purchasing Power indices closely trailing the United States. China has also been identified as the fastest growing major economy in the world having exhibited constant growth rates of about 10% in the last 3 decades (Barnett, 1981).
The country also boasts of being the largest industrial manufacturing economy existing, a fact largely believed to be attributable to the cheap labor available in the country.
Over time, as China's economic relevance grows, so does the global attention to the structural shifts and health of the economy by the key global economies. Since 1980, numerous Special Economic Zones have been established. These economic zones are intended to speak about China’s successful economic experiences to other areas (Lee, 1999).
The Chinese economy uses a five year plan strategy for economic planning and development. Currently, under implementation is twelfth five year plan that covers the years 2011-2015.
Entering the Chinese Market: A Feasibility Study
Yahoo, a global online search engine is currently not in operation in China having pulled out late last year citing irreconcilable issues that affected their operations and business sustainability. In the event that they wish to enter the market and establish a market for their services, they would need to conduct a feasibility study into the trends and other factors
Student’s name
Professor’s name
Course title
Date
Abstract
This paper seeks to analyze the Economy of China as pertaining to entry and operation of Multinational Corporations. It goes a long way in exploring different factors, occurrences and scenarios that have in one way or the other affected the operations of the region in trade.
The republic of China has over time grown to be a large economic hub recognized globally. Characterized by a socialist model market economy, China has been recognized as the world's second largest economy evaluated using the nominal GDP and Purchasing Power indices closely trailing the United States. China has also been identified as the fastest growing major economy in the world having exhibited constant growth rates of about 10% in the last 3 decades (Barnett, 1981).
The country also boasts of being the largest industrial manufacturing economy existing, a fact largely believed to be attributable to the cheap labor available in the country.
Over time, as China's economic relevance grows, so does the global attention to the structural shifts and health of the economy by the key global economies. Since 1980, numerous Special Economic Zones have been established. These economic zones are intended to speak about China’s successful economic experiences to other areas (Lee, 1999).
The Chinese economy uses a five year plan strategy for economic planning and development. Currently, under implementation is twelfth five year plan that covers the years 2011-2015.
Entering the Chinese Market: A Feasibility Study
Yahoo, a global online search engine is currently not in operation in China having pulled out late last year citing irreconcilable issues that affected their operations and business sustainability. In the event that they wish to enter the market and establish a market for their services, they would need to conduct a feasibility study into the trends and other factors