...customers worldwide, offering excellence and value in all we do. We sustain a financially strong company, with broad employee ownership, that provides a long-term competitive return to our shareowners. UPS Mission Statement (Excerpt) UPS hubs in China as of 2009: Shanghai and Shenzhen FedEx hubs in China as of 2009: Guangzhou Figure [ 1 ] - Source: http://www.travelchinaguide.com/map/ Introduction June 18, 2004 marked the start of an important international trend in logistics and carrier services. The U.S. and Chinese government came to an agreement that allowed the development of air cargo hubs and landing rights for commercial airlines in China. This pact not only opened up extensive new opportunities for the airborne market in general, but gave FedEx and United Parcel Service (UPS) exclusive cargo transportation rights (Bruner & Carr, 2010). At the time, FedEx was winning the battle for China, with its Chinese volumes nearly doubling from 2003 to 2004. Despite this, rival UPS still held the title as the world’s largest package-delivery company, and had been active in China since the late 1980’s (Bruner & Carr, 2010). FedEx had only done business in China since 1995 (Roth). Because of the importance of China to the shipping and logistics industry, this paper uses the degree to which both FedEx and UPS achieved...
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...market share of 16% substantially lower of the 51% that we used to have eight years ago. We also are loosing our position of leadership in the market. There are many causes why this is happening. First, China is growing but we are not. In the last years many of Chinese move from the lower class to the medium class. The economy in China was growing for the last 20 years and citizens are seeing their personal incomes increase. While economy in China was growing, sales in the market were growing and incomes of citizen were growing, we were not growing. A second factor is that we build our leadership based on a strategy of simple-technology and simple-product because in that time the market bought that. But now the market changes. Consumers not longer conform to that and they expect new products based on new technologies and designs. Related with that appears another factor. There are more competitors in the market than ten years ago. Those competitors are producing and selling new products with the characteristics that consumers expect. They are offering to the market what we are not. This has resulted in our sales to decline and lose our competitiveness. Our high cost structure, caused because we must to reduce prices, is another factor why we are loosing market share. Context China is a country that is growing at amazing rates and the government is encouraging foreign investments. Many people are moving from the fields to the cities and also they...
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...WHELAN December 16, 2014 roobbie.whelan@wsj.com Bibliography - http://www.wsj.com/articles/miami-condo-project-looks-to-lure-chinese-buyers-1418765925 - http://miamiworldcenter.us/the-building/ - http://www.ctbuh.org/News/GlobalTallNews/tabid/4810/Category/45/language/en-US/Miami.aspx Introduction International investors, especially the high-net-worth ones, always seem to have a spot reserved for them when it comes to the ever growing market of real estate. As location varies, a different assortment of ethnicities gather to become one with the elite distribution of properties found throughout the United States. As such, the demand for luxurious homes will continue to rise in the near future; for those who are able to afford a secondary residence tend to focus mainly on elegance and style rather than capital and finance. Location Diversity Miami is largely known for its beautiful beaches and diverse population, now holding a vast of amount of Latinos as its primary international race. However, the Asian population has accounted for 8% of Florida’s international property buyers in the year of 2014, of those, 2% belong directly to the Chinese economy. On a much larger scale though, the entire Chinese market for international buyers within the United States comes to a staggering 16% according to the National Association of Realtors during the 2014 data collection. It is no wonder that the developers and marketers in charge...
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...A study on China and the World Economy of Today: A look at the impact of China’s Global economic integration and Prices. Chapter one: Introduction 1.1 Introduction Since 1978, the People’s Republic of China (PRC) government has stood out in restructuring its economy from a Soviet-style centrally planned economy towards a market-oriented economy nonetheless within the political framework, provided by the Communist Party of China. This system has been called "Socialism with Chinese characteristics" and is one type of mixed economy. “These reforms started since 1978 has helped lift millions of people out of poverty, bringing the poverty rate down from 53% of population in 1981 to 8% by 2001” (OECD 2002a). Over the preceding decades, the existence of China in the world’s economy is full-fledged. Laterally, China is properly or erroneously seen to have a massive impact on the world’s economy. In today’s trade market, China is at present generally regarded to be the world’s workspace, there-by relocating some traditional exporters of labor-intensive goods, irrespective of the fact that its economy is constantly woven into the fabric of progressive split chain of making (Menzie D.2009). The emergence of China as an industrial and export livewire is undoubtedly one of the most significant forces reshaping the present-day world economy. Barry E and Hui T in 2005 stated that “A now standard way of conveying this point is to observe that the increase in employment...
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...VICTORIOUS TEAM Countries For The Project for the Period 2011 : 1] China 2] India 3] USA Team Members and Students IDS : Nikita Bhivate A2604 ( U.S.A.) Li Jianwei A2394 ( China ) Tingting Hao A2319 ( India ) MBA 531 International Financial Management. Prof. Jayant Kanitkar. INTRODUCTION : Introduction Of China : During the period from 2007 to 2011, the whole world has been suffering from global economic recession and financial crisis. From US subprime to EU sovereign debt crisis, China, as the second largest economy in the world, experienced internal and external economic impacts. In the year of 2007, China’s economic development reached its pick. With the expectation of CNY appreciation, hot money flooded into China. As a result of this, the price of investment asset surged up sharply. The housing price tripled, and the Shanghai stock index reached to a historical level of 6300 from less than 3000 with in one year. The wealth effect from the high investment asset price stimulated consumption. Moreover, China was keeping its high net exports trading volume and fixed asset investment. The GDP growth rate exceeded 10%. However, the financial bubble broke in the US, and a chain reaction directly affected China. In 2008, all economic indictors shown that China’s development slowed down. Stock market can be regarded as the forecaster of economic. The Shanghai stock index dropped to 1900 from 6300. Affected by recession in international...
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...Group 2 Group Members Kouadio Dieudonne XPGDM-18 Rohit Khandelwal XPGDM-28 Shruti Tibrewal XPGDM-32 COUNTRY AT A GLANCE Population | 1.364 billion | 2014 | GDP | $10.35 trillion | 2014 | GDP growth | 7.3% | 2014 | Inflation | 2.0% | 2014 | CHINA Economic Overview The Chinese economy experienced astonishing growth in the last few decades that catapulted the country to become the world's second largest economy. In 1978—when China started the program of economic reforms—the country ranked ninth in nominal gross domestic product (GDP) with USD 214 billion; 35 years later it jumped up to second place with a nominal GDP of USD 9.2 trillion. Since the introduction of the economic reforms in 1978, China has become the world’s manufacturing hub, where the secondary sector (comprising industry and construction) represented the largest share of GDP. However, in recent years, China’s modernization propelled the tertiary sector and, in 2013, it became the largest category of GDP with a share of 46.1%, while the secondary sector still accounted for a sizeable 45.0% of the country’s total output. Meanwhile, the primary sector’s weight in GDP has shrunk dramatically since the country opened to the world. China weathered the global economic crisis better than most other countries. In November 2008, the State Council unveiled a CNY 4.0 trillion (USD 585 billion) stimulus package in an attempt to shield the country from the worst effects of the financial crisis. The...
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...www.sciedu.ca/rwe Research in World Economy Vol. 2, No. 2; October 2011 An Analysis of Emerging China’s Economy and its Influence on World Economy Zhijun Sheng (Corresponding author) School of Economics and Management, Changchun University of Science and Technology Changchun 130022, China Tel: +86-135-0445-7191 Email: shengzhijun412@126.com Jing Ma School of Economics and Management, Changchun University of Science and Technology Changchun 130022, China Email: majingdoll@hotmail.com Received: July 22, 2011 Accepted: August 21, 2011 doi:10.5430/rwe.v2n2p21 Abstract Since entering 21st century, the Chinese economy has obtained unprecedented development opportunity, growing rapidly. We emphatically analyze the remarkable performance and the immense changes of the Chinese economy in economic output, foreign trade, foreign investment and enterprise strength, etc. Finally, we point out the reality and potential influence and contribution of emerging China on world economy. Keywords: China’s Economy, Emerging Market, World Economy At the end of 2010, China’s Social Science Institute issued “World economy Yellow Paper” and “International Situation Yellow Paper”, which pointed out China has become the second biggest economy in the world, and has been in the leading position on many aspect. For instance, China ranks second on multinational merger and acquisition and surpasses UK, France and Germany to become the International Monetary Fund's third...
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...What are geographic features? Geographic features have are things such as mountains, lakes, rivers, or natural events such as hurricanes and monsoons. Geographic features such as the Yellow River, and the Monsoon floods help fuel the economic expansion of China. China’s economy has been fueled by these geographic features so much that it is considered a major player in the world. In this paper I will discuss of America. the Yellow River floods, the monsoon rains, and the effect they have on both the Chinese economy and the economy of The United States First, physical features of a nation can have a tremendous effect on that country’s history and culture. One example is the Yellow River floods. The Yellow (Huang He) River is the most important single land form in China. Over one hundred million people live along its banks, trying to make a living off the extremely fertile soil it carries in its current. However, this amazing resource is also referred to as "China's Sorrow". It is referred to as “China’s Sorrow because yearly it floods, killing hundreds to thousands of people who could not flee. The main reason these people die is because there is no early warning system to indicate they should evacuate. Next, another example is monsoon rains. They come yearly, and are much more predictable than the Yellow River floods. You can usually tell two days previous to its arrival when it will come. The monsoons start with a slow start and stop rain. However, they will build...
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...The documentary: “China Revs Up” talks about the quick industrialization of China, and the problems that tag along such an aggressive industrial program in a short period. China once had over a billion poor people, but now it has the world’s fastest growing economy. China’s economy has been growing at an amazing rate of 8% per year for more than 20 years. While the economy is growing, the need for energy is growing at a faster rate. The documentary mentions that China could match the carbon emissions of the US projected by 2030. China’s energy is mainly supplied by coal, and 7 of the world’s 10 most polluted cities come from China. The major problems are due to overpopulation and present economic thinking, and also globalization. As documented in the film, The United States has set the benchmark for high living, high energy use. The US is one of the most consumptive countries in the world and China has really taken western consumerism as its model. Since the capitalist economic reform in China in the 1980s, the Chinese economy has been rising significantly, and the typical income has multiplied by 4 in the past 2 decade. People are leaving their traditions and their villages and farm lands to move to the city. As more and more shopping malls are build all over the country, and as a result energy consumption has risen drastically. China burned 25% more coal than the US in 2001. China’s economy grew incredibly quickly and with no concurrent development in environmental policy. The...
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...ago, China was said to be the most advanced nation in the world. Today, they are still much more advance than most of the countries. China was named by Europeans after the ancient Ch’in Dynasty of the third Century B.C. China continues to be the oldest civilization in the world today. China was the only from the world’s great civilizations to evolve from nearly total isolation from the rest of the world. The primarily result of this was geography: the sea to the east, the Himalayas to the south, the Gobi desert to the north and inhospitable deserts and high plateaus to the west. The Yellow river in China is said to be the source of the first Chinese culture and civilization. There are many different cultures located in China such as the Yangshao culture, Hongshan culture, and Yunnan culture. Ancient Chinese agrarian religion revolved around the worship of natural forces and spirits who controlled the elements and presided over rivers, fields and mountains. Shaman known as wu acted as intermediaries between the human and spiritual worlds and performed rites to insure good weather and harvests and keep evil spirits at bay. Even though China is regarded officially as an atheist state today, it has had an officially recognized religion since 2356 B.C., when science, religion, mythology and government were all linked together. Taoism and Confucianism began to take shape around the 5th and 6th centuries B.C. but evolved from religions that had been around in China for...
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... China and India now are widely acknowledged as the planet’s next economic superpowers | The Context China and India are two neighbouring countries in Asia who share the two largest population of the world and in fact added together they represent nearly one third of humanity. Globalisation has imposed internal pressure and external pressure to bear on both India and China. For most Chinese and Indians alike, economic life is hard despite the fact that reforms and globalisation have created various new opportunities and as such both countries have witnessed an emerging middle class with Americanised tastes and preferences, irrespective of this however, both countries remain very poor. Although the two countries went to war in 1962 due to some border dispute, they have since tried to normalise relations and in 1995 for the first time trade had exceeded US$1 billion between them. They have lately received a lot of international attention being viewed as emerging giant economies as they both play key roles at the international level. For example China has been a permanent member of the Security Council at the UN, while India who has lead the Non-Aligned Movement for years and is still vying for a similar position. Furthermore, India has been one of the founding members of the WTO and has played a prominent role as one of the developing nations whereas China has had to fight for decades to obtain its admission into this international organisation. While both China and...
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...Alfred, if you look where China was 40 years ago and where it is now, will you see a difference? You can focus on the following data: GDP, contribution in the global export, FDI... Where was Chinese economy 40 years ago? Today China is the second largest economy in the world. Its position as an economic power, combine with its military power is making a difference in the region and in the world. Hope this will give you some food for thought? In the world of politics, forty years ago, suddenly, the United States, the Soviet Union and China were churning with a vicious crescendo with each countries power reaching the possibilities of a Vietnam War when diplomacy repositioned these countries, the world stage changed in the stars of international heavens, when President Nixon flew to China to (meet) palaver with Mao Zedong to help these critical events to transform China global playing field, while putting out the fire of bitterness and hate in order to reach a new and substantial leverage regarding both countries Moscow and Beijing. Forty years later, China’s economy is almost 25 times larger than it was when Nixon visited. But it’s still not quite as large as the U.S. economy was in 1972. The average per capita Chinese is also still desperately poor by U.S. standards. In 1972, China was still a rural nation. In 2012, China’s urban population was larger than its rural population for the first time in China’s history. That’s 4000 years later, not 40. ...
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...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 years). The US had run a record trade deficit with China of US$162 billion in 2004.2 And what was more, China appeared...
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...parts of China of the close relationship between Hong Kong and mainland china Hong Kong has enjoyed the benefits of being a capitalist economy and independent from mainland China for over 150 years under British colony without much relationship with China. Even though Hong Kong is now part of China with a strong tie, the Chinese central government valued having a successful capitalist economy in the greater China, consequently they have agreed to preserve the capitalist economy in the Sino-British agreement 1984. In this agreement, China has agreed on preserving the capitalist economy for 50 years after the return of Hong Kong on the 1st July 1997. Hong Kong is now one of the two Special Administrative Regions (SAR) in China having an independent economy with ties to mainland China. This decision had a positive influence on both the Chinese and Hong Kong economy and contributed towards the rapid growth of the Chinese economy and the expansion of Hong Kong as a financial centre in the recent years because now Chinese firms are able to easily reach the international market from Hong Kong. On the other hand, it still has drawbacks and potential threats from China having strong relationship, a free-trade agreement with a capitalist economy such as; large firms with large sums of liquidity and stability moving out of mainland China to preserve its wealth. This paper will discuss the benefit and drawbacks to both parts from an economics perspective for Hong Kong and China having a...
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...Everything is Made in China Made in china means products are manufactured in the mainland of China. People who live in China feel that all goods are made in China is a normal thing because the Chinese people do not really know almost everything in foreign countries also is made in China. Because of the cheap labors and China's large manufacturing industry, “made in China” becomes one of the most recognizable labels in the world today. “Made in China” has a huge range of goods from clothing to electronics (Garten). World economy is becoming so dependent on China as an industrial lifeline. China's importance to global manufacturing will resemble Saudi Arabia's position in world oil markets. As a result, there are more and more goods are made in China. Some people like goods which are made in China because these goods are cheaper. On the other hand, not all people think that goods are made in China is good thing. Just as the editorial cartoon I found, the editorial cartoon describes a broken plane which made by wood, and a soldier say: I told you we should not have bought those airplanes with the “made in China” sticker. Unquestionably, this editorial cartoon ridicules made in China means low quality. Moreover, all goods are made in China also has some negative influences for other economic facets. So the question here is so many goods are made in China is a good thing or a bad thing. Too many goods are made in China have many disadvantages. The main problem about...
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