Chinese Market by iMinds
Requirements: ePUB Reader, 1.8MB
Overview: Learn about the Chinese Market with iMinds Money’s insightful fast knowledge series.
China’s market offers unprecedented opportunities. It contains a population of over 1.3 billion in the world’s second largest and strongest growing economy. Through trade liberalisation and the deregulation of its economy China has utilised its low cost labour advantage to dominate world trade in simple manufactured goods. With an average growth of 7-8% over the last decade China has been able to restructure its economy towards higher value added manufactured products. This has resulted in rapid increases in per-capita incomes. These increases may be illustrated by the increased share of electrical machinery, telecom, office machines and metals in China’s export mix at the expense of apparel, textiles, footwear and toys. While initially driven by export growth, the increase in per-capita incomes has resulted in China’s domestic market becoming the major growth contributor for the first time in 2008.
Genre: Non-Fiction, Business
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