Premium Essay

China's Export

In: Business and Management

Submitted By alexrent
Words 1838
Pages 8
CHINA’S EXPORTS: AN UNSTOPPABLE COMPETITOR

Pavel Aleksandrov
Student Number: 000873249
Course name: MSc Engineering Management

Questions:
1. In what types of good is China a world leader?
2. What are the characteristics of the types of goods in which China succeeds?
3. What explains China’s pattern of exports
4. What role does foreign investment and foreign purchasing play?
5. So who makes the money on China’s export?
6. Identify the goods in which China is uncompetitive in world markets?
7. Does China succeed in all industries? Why of why not?
8. Are Chinese provinces involved in trade the same extent?
9. Can China succeed in all industries?

Q1
Nowadays China is one of the world's top exporting counties and is attracting record amounts of investment from overseas. In fact, it is investing billions of dollars abroad.
The collapse in international export markets that accompanied the global financial crisis of 2009 initially hit China hard, but its economy was among the first in the world to rebound, quickly returning to growth. The following export product groups represent the highest dollar value in Chinese global shipments during 2012. Also shown is the percentage share each export category represents in terms of China’s overall exports. 1. Electronic equipment: (25.4% of total exports) 2. Machinery: (17.3%) 3. Knit or crochet clothing and accessories: (4.4%) 4. Furniture, lighting, signs and prefabricated buildings: (3.9%) 5. Optical, technical and medical apparatus: (3.4%) 6. Non-knit and non-crochet clothing and accessories: (3.1%) 7. Plastics: (2.8%) 8. Vehicles excluding trains and streetcars: (2.7%) 9. Iron or steel articles: (2.6%) 10. Footwear: (2.3%)

Some of the industries supporting these exports, such as manufacturing electronic equipment and producing clothing, are dependent of human. This…...

Similar Documents

Premium Essay

Green Barrier to China's Export

...become more open to trade with other countries. Its international trade volume had risen from US$20.6 in 1978 to US$1,422 billion in 2005 (Wang & Liu, 2007). Since China’s exports mainly focus on the labor intensive and resource intensive industries, this exports pattern causes a serious environmental problem in China. Green barriers become a kind of emerging non-tariff barrier which is used for the developed countries to protect their production and economic development in recent years. The main forms of green barriers include green tariff and market access, green packaging and labeling requirements, green technology standards, Green health inspection system, environmental costs and green subsidy system (China west products, 2011). China’s agricultural, mechanical and electrical products are all facing green barriers, such as pollution, noise, safety standards and recycling requirements (Wang & Liu, 2007). How to cope with green barriers becomes the biggest challenge that China faces to continuously expand its exports. The purpose of this paper is to address and analyze the green barrier issue in China and to provide my ideas and suggestions on China’s exports related to green barrier. My following analysis is mainly based on the positive effects of green barriers and the specific example of China’s tea exports as well as three policies to cope with green barriers. I feel confident that you will strongly support my recommendations for Ministry of Environmental......

Words: 1575 - Pages: 7

Premium Essay

Green Barrier to China's Export

...become more open to trade with other countries. Its international trade volume had risen from US$20.6 in 1978 to US$1,422 billion in 2005 (Wang & Liu, 2007). Since China’s exports mainly focus on the labor intensive and resource intensive industries, this exports pattern causes a serious environmental problem in China. Green barriers become a kind of emerging non-tariff barrier which is used for the developed countries to protect their production and economic development in recent years. The main forms of green barriers include green tariff and market access, green packaging and labeling requirements, green technology standards, Green health inspection system, environmental costs and green subsidy system (China west products, 2011). China’s agricultural, mechanical and electrical products are all facing green barriers, such as pollution, noise, safety standards and recycling requirements (Wang & Liu, 2007). How to cope with green barriers becomes the biggest challenge that China faces to continuously expand its exports. The purpose of this paper is to address and analyze the green barrier issue in China and to provide my ideas and suggestions on China’s exports related to green barrier. My following analysis is mainly based on the positive effects of green barriers and the specific example of China’s tea exports as well as three policies to cope with green barriers. I feel confident that you will strongly support my recommendations for Ministry of Environmental Protection......

Words: 302 - Pages: 2

Premium Essay

Case Study on China's Export Boom

...Case Study – Week 2 seminar China's Export Boom By Oded Shenkar China has replaced the U.S. as the world's top tech exporter. While no cause for panic, it's a wake-up call for the complacent. According to the Organization for Economic Cooperation & Development (OECD), China has overtaken the U.S. to become the world's largest exporter of informationand communications-technology goods. Crossing the largely symbolic threshold should put to rest outdated notions of China as a manufacturer and exporter of cheap T-shirts, though the country won't give up its thriving garment exports as it steps up production of laptop computers and memory chips. Indeed, China's ability to hold on to the labour-intensive segments of the global marketplace as it climbs the technology ladder is one of the unique features of the country's ascent -- and a remarkable source of resilience for its economy. It's also a factor in the country's $100 billion-plus trade surplus with the rest of the world and double that figure with the U.S. KNOWLEDGE PLAYER. It's easy to dismiss the importance of China's taking the lead in technology exports. Its tech goods contain substantial imported content, not to mention foreign technology, be it transferred, licensed, or "borrowed." Roughly 60% of exports are made by foreign-invested enterprises, and the percentage progressively rises with the technology level. So is China merely an export platform, a convenient low-cost base for the world's multinationals, which in......

Words: 1262 - Pages: 6

Premium Essay

The Impact of Trade Protectionism on China’s Export Enterprise

...The Impact of Trade Protectionism on China’s Export Enterprise 1. Introduction The past several decades are commonly viewed as a period of widespread liberalization within the international trade. Besides, since reform and opening up in China from 1978 to now, over 30 years, China's economy has remained about 10% of high-speed development which called the creation of the "China miracle" (JU, 2008). During this era, China also became a big orient export country, which occupies a large place in the international market. Thus, American people considered that China export pose an economic threat to the United States even to the world. Other countries tried to use trade protectionism to limit the export from China and boost their own economy recovery. Trade protectionism means that government set up some specific barriers to trade in order to protect its own economy. However, it has a negative impact on China’s export enterprise, especially for small and medium-sized companies, so the countermeasures should be taken to resolve this issue. The purpose of this article is to explore several problems that trade protection bring to China’s export enterprises at first and then focus on some effective solutions to help these companies. 2. Situation Because of the trade protectionism, China’s private exporters from different kinds of industry are suffering obvious reduction of profit, and they are mainly reflected in labor-intensive, low-cost exporters, tight liquidity and a......

Words: 1571 - Pages: 7

Premium Essay

Green Barrier to China's Export

...强,位于沿海的昆山出口贸易不断发展,该课题还需要不断的探索和研究。 21世纪是世界经济全球化已成为一个无可改变的大趋势,出口贸易对于一个国家来说至关重要,昆山则更为之依赖,没有一个好的出口贸易环境,就难以实现经济的持续健康增长。要使对外贸易更好的发展,就必须好好利用昆山自身的优势,积极调整战略目标,时刻应对各种环境贸易上的壁垒。昆山作为全国百强县级市之首,主要目标就是继续提高对外贸易的额度,以期有更好的发展。 关键词:环境,贸易壁垒,出口 Influence on Kunshan export trade and the Countermeasures of Environmental barriers to trade Abstract This article is based on the environmental impact of trade barriers on exports of Kunshan , Kunshan itself from the status quo and environmental barriers , the impact of trade barriers on environmental analytical Kunshan export trade , and to identify deficiencies in the export trade in Kunshan, the existence and future improvements place , starting from the multi- negative study . Scroll through the large number of documents , the use of all means, way deep to express their views . With the rise of China 's economic strength , located in the coastal Kunshan export trade continues to develop, the subject also requires constant exploration and research.   Globalization of the world economy in the 21st century is no change has become a major trend of the export trade is vital for a country , Kunshan whom are more dependent on exports without a good environment , it is difficult to achieve sustainable and healthy economy growth. For better development of foreign trade , we must make good use of their advantages in Kunshan actively adjust strategic objectives, the time to deal with a......

Words: 1396 - Pages: 6

Premium Essay

A Trial Research on Coping Strategies for China's Export Enterprises with Anti-Dumping Under the New Situation

...际竞争力,加快我国对外贸易的发展和我国经济的发展步伐。 关键词:我国出口企业,反倾销,现状,原因,应对策略 A trial research on coping strategies for China's export enterprises with anti-dumping under the new situation Abstract In recent years, anti-dumping issue has been a hot topic in China's foreign trade. Chinese products have become the world's NO.1 target in anti-dumping investigations for 14 consecutive years. Moreover, more than 1 / 3 of the anti-dumping investigations is against Chinese products in the last 3 years. With the rapid growth of exports, China is facing the growing threat of anti-dumping. Particularly after the outbreak of the international financial crisis in 2008, Europe and the United States implemented trade protectionism under the guise of anti-dumping investigation so vigorously that anti-dumping investigation on China has reached an unprecedented heat and created great obstacles and pressures to exports of the Chinese enterprises’ product. Now anti-dumping has become an obstacle of Chinese enterprises that is insuperable but has to overstep. Then what situation are the Chinese enterprises facing now? How should we deal with the situation, how to take measures to strengthen prevention? And what of enterprises that has been charged with anti-dumping practices? This paper firstly illustrates China's current situation and characteristics of encountering anti-dumping investigations, then analyzes the influence and the reasons of foreign......

Words: 1566 - Pages: 7

Premium Essay

China

...206-009-1 MICHAEL J. ENRIGHT CHINA’S EXPORTS: AN UNSTOPPABLE COMPETITOR? According to press reports, in early 2005, the US and Europe were being inundated with Chinese garment exports following the removal of quotas in January. In some categories, imports from China were several hundred per cent higher than in the previous year. In the US, politicians and trade unions blamed China for the loss of 380,000 jobs in the textile and garment industries since January 2001, a third of its employees. In Europe, garment and textile centres that had existed for hundreds of years found themselves under threat. In the developing world, country after country feared that China’s emergence would cripple its own garment and textile industries. Garments and textiles reflected a much wider trend. In one labour-intensive industry after another, the “China price” seemed impossible to match. China had become a dominant producer in garments, textiles, footwear, travel goods, leather goods, plastic products, bicycles, simple housewares, pens and pencils, cutlery, radios, phones, computers, DVD players, shipping containers, and many other products. In the US, China was viewed as a major reason for the loss of 2.7 million manufacturing jobs from 2001 to 2004.1 More than 300,000 were reported to have lost jobs in Mexico’s factories due to competition from China. China had supplanted Japan as the world’s third largest exporter in 2004 with US$593 billion (an 82% increase over two...

Words: 11957 - Pages: 48

Premium Essay

Impact of Slowdown to Asia

...economic variables, import and export of Asia The degree of impact of China’s slowdown on Malaysian companies vary depending on the price competitiveness, availability of substitution, type of business and the management’s ability to minimise the impact (Malaysia Chronicle, 2015). 1. Export The slowdown in China’s economy will ultimately impact Malaysia’s exports demand. China is Malaysia’s second largest export market, accounting for 15 percent of its export economy (Springfield, n.d.), Malaysia-China two-way trade topped $100 billion in 2014 (Kurlantzick, 2015). Both goods and services industries are affected in line with slowdown in China’s domestic demand, namely key export products such as electronic component, transport equipment and palm oil, manufacturing sector; and services industries including trading, shipping and tourism which are externally oriented (Singapore Business Review, 2013). Slowdown in China’s economic growth also weakened its currency, thus consumers will consumed more locally-produced goods as imported goods becomes more expensive (Kok, 2015). 2. Import 1% drop in China’s growth rate is due to 4% appreciation in RMB as an act of shifting demand from export to consumption and 1% increase in wage. As labour cost and RMB becomes more expensive, China exports price rises, thus Malaysia import price increases, contributing to capital outflow and increased CPI (Bokyeong, n.d.). 3. Growth The fall in exports also caused slowdown in growth......

Words: 1218 - Pages: 5

Premium Essay

Exploring the Prospects for U.S-China Trade

...China has already exceeded Japan, becoming the second largest economic entity in the world. From 1949 to the present, China's economy grew annually from 4 to 10 percent. There is no doubt that the export contributes a lot to China’s GDP; meanwhile, United States just replaced the European Union, turning into China’s largest trade partner last year. It is obvious that China and U.S. are closely connected in the modern economy. Since U.S. and China are inextricably linked, I would like to analyze the trade between U.S. and China in this paper, and find out what are influencing the value of trade between the two countries. First of all, there are some economic concepts that need to be explained. China has a favourable balance of trade, which means nowadays China exports more than imports; however, U.S. has run a trade deficit every year for more than thirty years, which means U.S. imports more. The import and export are always connected with the exchange rate. For instance, if you are exporting and your local currency becomes strong then your products become more expensive for your buyers. If you are importing and your local currency becomes weak then the products you are importing become more expensive. As we can see, China is exporting more to the U.S., so I would assume that one of the reason why U.S. would import more from China may be the exchange rate of China’s currency Yuan is slumping; in the other word, RMB depreciated against U.S. dollar. In this case, U.S. can buy......

Words: 2007 - Pages: 9

Premium Essay

Pestle Analysis for China

...to the outside world to set up business in their country.It takes 37 days to start anew business in China compared to the worldaverage 38 days. While it takes 1.7 years from the filling for insolvency in court untilthe resolution of distressed assets. Examples of business freedom in China aresupermarketization and opening market to foreign multinationals company because of the entry of China into WTO. Supermarketization is where the government shuts downthe traditional ³wet market´ and transform them into supermarket.iv.Trade FreedomIn the past few decades, China loosen their trade policy to the outside world in their trading, export and import industry.China¶s weighted average tariff rate was 3.9percent in 2008 based from the web (heritage.org). Factors that affect the cost of tradefreedoms areimport and export bans and restrictions, import and export licensing, non-transparent tariff classifications, complex regulations and standards, subsidies,state trading in certain goods, services market restrictions, issues involving theprotection of intellectual property rights, and inconsistent and corruption-pronecustoms administration add to the cost of trade. So, China¶s trade freedom score toaccount for non-tariff barriers deducted about twenty points. Another extraordinary popularity strategy tools in our survey is PEST Analysis. The large enterprises showed partiality for PEST Analysis in China, which was considered the most useful strategy tool by 56.91% respondents. In......

Words: 4476 - Pages: 18

Premium Essay

International Business

...is, to put it bluntly, predatory. Here’s how it works: Unlike the dollar, the euro or the yen, whose values fluctuate freely, China’s currency is pegged by official policy at about 6.8 yuan to the dollar. At this exchange rate, Chinese manufacturing has a large cost advantage over its rivals, leading to huge trade surpluses. Under normal circumstances, the inflow of dollars from those surpluses would push up the value of China’s currency, unless it was offset by private investors heading the other way. And private investors are trying to get into China, not out of it. But China’s government restricts capital inflows, even as it buys up dollars and parks them abroad, adding to a $2 trillion-plus hoard of foreign exchange reserves. This policy is good for China’s export-oriented state-industrial complex, not so good for Chinese consumers. But what about the rest of us? In the past, China’s accumulation of foreign reserves, many of which were invested in American bonds, was arguably doing us a favor by keeping interest rates low — although what we did with those low interest rates was mainly to inflate a housing bubble. But right now the world is awash in cheap money, looking for someplace to go. Short-term interest rates are close to zero; long-term interest rates are higher, but only because investors expect the zero-rate policy to end someday. China’s bond purchases make little or no difference. Meanwhile, that trade surplus drains much-needed demand away from a depressed......

Words: 2565 - Pages: 11

Premium Essay

China's Currency

...regards to how they have been able to achieve their top ranking. In addition to discontenting many of its trade allies, China’s aggressive efforts to further their exporting power are causing economic troubles within its own borders. It is crucial for the American economy that U.S. officials continue to pressure China to revalue its currency. China was in an advantageous position to deal with the global recession thanks to its lower-price products. As the world was hit by the recession, many consumers looked to those cheaper goods. Even as countries are recovering, consumers across the globe have altered their tendencies. Many people lost much of their wealth and have a changed perspective on their consumption. Consequently, China’s exporters have been given a prime opportunity to benefit. Goods that may have seemed essential in the past no longer have the same allure and cheaper products available from Chinese manufacturers have become increasingly more attractive. Already possessing the power of cheaper goods, which have proven to be appealing during the recession, the Chinese government has made concerted efforts to maintain a cheap currency. To achieve this, China made the decision to peg its currency to the U.S. dollar. The U.S. dollar, and accordingly the Chinese yuan, was greatly weakened against other currencies last year. As a result, China’s factories have gained additional price advantages over manufacturers in other countries allowing Chinese......

Words: 1091 - Pages: 5

Premium Essay

Green Barrier

...Barriers and China’s Agricultural Product Export: Is There Any Relationship? Mudiarasan Kuppusamy1 & Behrooz Gharleghi1,2 1 Faculty of Business and Management, Asia Pacific University of Technology and Innovation, Kuala Lumpur, Malaysia 2 Centre for the Study of the Economics of Ageing (CSEA), Asia Pacific University of Technology and Innovation, Kuala Lumpur, Malaysia Correspondence: Behrooz Gharleghi, Faculty of Business and Management, Asia Pacific University of Technology and Innovation, TPM, 57000, Bukit Jail, Kuala Lumpur, Malaysia. Tel: 60-19-615-3515. E-mail: behrooz@apu.edu.my Received: April 4, 2014 Accepted: May 30, 2014 doi:10.5539/ass.v10n16p34 Online Published: July 24, 2014 URL: http://dx.doi.org/10.5539/ass.v10n16p34 Abstract As an agricultural country, the export of China's agricultural products are often suffered the restrictions from the green barriers. The positive green barriers can regulate the agricultural production in China, and promote the agricultural development and international trade; on the other hand, the negative green barriers would increase the cost of trade, trade friction, and prevent the development of international trade. So the research of influence of green barriers on China’s agricultural products is very realistic. According to the influence of green barriers on China’s agricultural exports, the corresponding countermeasures can be made to deal with the green barriers and improvement of China’s......

Words: 4402 - Pages: 18

Premium Essay

China-Us Canada Relationship

...Panama Canal increased the exports of lumber from British Columbia to eastern U.S. markets, which dramatically increased the netbacks received for lumber produced in British Columbia (Statistics, Canada, 2012). Post world war, rapid expansion in the US industrial capacity was accompanied with rapid growth in the Canadian economy as well. Growth in the demand for newspapers led to the growth of pulp and paper industry. By1950, over half of the world’s newsprint was supplied by Canada. By 1954, pulp and paper exports accounted for 24% of Canada’s total exports, of which, 33% of those exports were to the United States (Statistics, Canada, 2012). Post 1960, the new staple in the resource landscape for Canada was Energy. Until this time, though some local sources were available on the Prairies and in Nova Scotia, Canada had relied on coal imports. In 1957, there was a major oil discovery in Alberta at Leduc, which lead to a major and dramatic expansion of crude oil and natural gas industry, the effects of which are still evident till date. The North American Free Trade Agreement (NAFTA) removed most of the trade barriers for Canadian producers in US markets. Between 1990 and 2000, the export volumes of forest products increased at a compound annual rate of 4.4%, more than doubling the growth in forest products exports. The forest product export prices also rose at a compound annual rate of 3.2% per year, which outpaced the 2.3% compound annual growth in export goods prices......

Words: 7332 - Pages: 30

Free Essay

China Case Study

...globalisation on China’s economy can be seen in the areas of economic growth, economic development, quality of life, economic stability and environmental sustainability. Economic growth refers to the increase in a country’s GDP over a period of time. The influence of globalisation on China has been profound with economic growth being sustained between 8 and 10 percent in the past 2 decades. This is due to China moving away from being an ecnomy with a domestic focus to a trade oriented economy, highly integreated with the global economy to take advantage of globalisation. This increased integration has seen China’s share of world exports in goods and services rise to 9.4%, and its share of world GDP estimated at 14.3%. The effect of this increased integration is evident as China is now the worlds second largest economy in the world measured by the nominal value of GDP in US dollars. Economic development can be measured through growth in GDP per capita as well as other qualitative measures. China’s rapid rate of economic growth has been based on its export oriented strategies financed by foreign investment which has increased substantially as a result of China’s involvement with the global economy. This has resulted in a rise of 9.4% in GDP per capita from 1994 – 2003, and an improvement in China’s Human Development Index from 0.407 to 0.699, which takes into account quality of life measures such as literacy rates and life expectancy. Since 1978, the beginning of China’s......

Words: 756 - Pages: 4