Nobody downloaded yet

Effects of Chinese Auto Market on US Economy - Research Paper Example

Comments (1) Cite this document
Summary
 The research paper aims to investigate the impacts upon U.S. economy due to the influx of Chinese manufactured cars. The paper aims to compare the cost of manufacturing car in China with the car manufacturing cost in the U.S. The study also points out some strategies and plans…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER98.5% of users find it useful
Effects of Chinese Auto Market on US Economy
Read TextPreview

Extract of sample "Effects of Chinese Auto Market on US Economy"

Download file to see previous pages   During the industrialization process of China, the automotive industry has grown rapidly. The growth of the automotive industry of China has become the catalyst for the growth of other sectors as well. The automotive industry of China has directed its attention towards the infrastructure development patterns (Zhang, 2003). The automobile industry of China is the major driver of the economy of the United States. This market has also played a vital role in the growth of other industrial economies. When Henry Ford applied the technique of line production in order to produce cars, the product transformed from a luxury item to an essential component of life. The automotive industry of China has evolved as the major driving the economy of China and its workforce. Some of the arguments about Chinese automotive industry focus on the consumption of automobiles in the market of China and the export approach of the country. According to different indicators, China is open to the foreign investment like Korea and Japan. These indicators also suggest that China may take a hybrid approach in order to direct its attention towards domestic consumption. At the same time, China may also build vehicles for export in order to produce world-class cars (Business Line, 2002) The automotive car industry of China is export-focused. The industry is very complex and is undergoing a transformation from low-cost to value-added products.  
The global economic crises have severely influenced the automotive sector of the United States. However, the auto industry of China is growing constantly. The industry has become a bright focus for foreign car manufacturers. In the year 2008, China produced approximately eight times more vehicles than those produced in the 1990s. The annual production of cars in the automotive industry has allowed China to surpass the United States.
The vehicles produced in the automotive industry of China have become very sophisticated with the passage of time. It is because of the partnership of China with major automotive giants including Volkswagen, Toyota, Mazda, GM, Honda, and others. The purpose of this partnership is to boost technological cooperation (Chang’An Automobile Group, 2002). ...Download file to see next pagesRead More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“Effects of Chinese Auto Market on US Economy Research Paper”, n.d.)
Retrieved from https://studentshare.org/macro-microeconomics/1399053-chinese-auto-market-and-its-effects-on-the-us
(Effects of Chinese Auto Market on US Economy Research Paper)
https://studentshare.org/macro-microeconomics/1399053-chinese-auto-market-and-its-effects-on-the-us.
“Effects of Chinese Auto Market on US Economy Research Paper”, n.d. https://studentshare.org/macro-microeconomics/1399053-chinese-auto-market-and-its-effects-on-the-us.
  • Cited: 0 times
Comments (1)
Click to create a comment or rate a document
me
medhurstelian added comment 4 months ago
Student rated this paper as
I had an issue with a research paper types of works. All until I came across this website and this particular document. Even though "Effects of Chinese Auto Market on US Economy" is far from my studies, the structure is so great that I use it all the time as an example for my own works.

CHECK THESE SAMPLES OF Effects of Chinese Auto Market on US Economy

US economy: OECD predictions about US economy

...mortgage defaults became frequent and house prices fell. The situation was a sort of ‘liquidity freeze’ when banks and other financial institutions stopped giving loans. Background Since 2007 US economy had become stagnant in employment activities. The published monthly reports indicated huge unemployment in US economy. Around 4000 people had lost jobs by 2007. Such an economic phenomenon was sure to have its effects on stock market. Panic among the investors had caused immense fluctuations in stocks. With fall in stock prices and job cuts next came the turn of loan defaults. With high number of defaults banks ceased houses and people...
8 Pages(2000 words)Essay

Chinese Economy

... government put its inflation into control and in 2002 they experienced expansionary face with regard to macro economic variables towards attaining price stability. This saw increased competition in the product market especially in the public sector. 28. What are the Chinese government policies to fight inflation? In which aspect the Chinese government used the policy instruments that are different from those used by the U.S. Federal Reserve Bank? Inflation can be defined as the persistent increase in the prices of goods and services in the economy. Inflation erodes the economy of nations and the governments must therefore get worried with it. The government has a number of policies which are in place to curb high inflation rates... , but...
21 Pages(5250 words)Assignment

US Economy

..., compare, contrast the economic growth, unemployment, and inflation rates in the United States. This paper is being conducted in order to establish a dynamic and academic understanding of the topic, as well as its implications to the country’s progress. Discussion The US remains to be the world’s largest economy. Based on the CIA Factbook, their 2007 GDP was at $13.84 trillion which represents three times the size of the next largest economy which is Japan at $4.4 trillion (Economy Watch). With the creation of the European Union however, the dominance of the US was reduced with the European market presenting an equivalent of $13...
8 Pages(2000 words)Essay

Market Economy

...?Market Economy Market economy insinuates the relationship between the quantity of goods in demand, and their pricing according to Altvater (1993). With such factors in consideration, the market will have to shape its demand for the products in the market depending on the prevailing prices. Therefore, the market will only depend on the pricing, which affects their frequency for demand of some products. For instance, when some prices of some goods are reduced, the customers could insist on increasing the quantity in demand. This technique could be used by markets to shape their demand for...
5 Pages(1250 words)Essay

Justifying the product/market decisions taken in terms of market selection/entry and product, communication and pricing strategi

...the potentials of a market to secure a high performance for a particular product/ service: PESTLE analysis. The specific framework is based on the idea that industry environment is highly affected by six factors (Murray-Webster 2010). After checking these factors, especially as of their effects on industry’s performance, managers can decide whether the entrance of a product in a particular market should be attempted or not (Haberberg and Rieple 2007). Using the PESTLE analysis, the Chinese market would be evaluated as follows: a) Political; Chinese political environment can be characterized as stable; the new government...
12 Pages(3000 words)Essay

Chinese Economy

...by establishing their enterprises in China. China's Economic System China's new-found euphoria as a major contributor may also prove to be a setback in certain quarters. As socialist economy, China observes the "rule-of-the-thumb" and cannot digest the principles of free market. This has brought it into conflicts time and again with free economies such as the US and the EU. This is proving costly and may result in undoing its major gains (China's plea dismissed by WTO, 2009). The Chinese economy has grown very fast during the last decade. There has been double-digits growth in almost every sphere of the economy. "Due to...
4 Pages(1000 words)Research Paper

Chinese market

...their families. China’s was forced to make major changes in economic structure to support its people. The country switched from a close to a semi-open market in order to have an opportunity to achieve economic growth. The seeds of the future changes that were on the way for China started to be planted in the 1960’s when the government began to invest in their infrastructure concentrating in energy capacity, physical space and transportation. China created an effective environment for manufacturing operations to establish themselves. Before the growth other nations of similar populations such as India had economies performing better than China. When this economy began...
27 Pages(6750 words)Essay

Progress Of Chinese Economy

... Progress Of Chinese Economy China has experienced massive growth ever since the government has changed its agenda towards liberalization of the economy. Poverty has been reduced and human development has improved along with the other indicators which show that China is on the path to progress. However, this growth has clearly come from the private sector therefore support must be given to continue growth while also getting the public sector to join in. Reforms in the financial architecture of the country would certainly help since they would allow the country to have a more flexible exchange rate and revamp the banking sector. These measures have to be taken since China is not without...
1 Pages(250 words)Essay

Chinese economy

...Chinese Economy Order No.32206 September ‘09 Chinese Economy What are the basic characteristics of the traditional Chinese economy before 1911? Explain briefly. Before 1911, China was characterized by a feudalistic economy. From 211 BC to 1911 China was ruled by dynasties, the prominent dynasty being the Qing dynasty. This era was marked by a society which belonged to two classes, namely the poor peasantry and the rich and elite landowners. China’s economy in this period was stagnant and growth was negligible. The technological backwardness and its rigid political and social structure of China in...
2 Pages(500 words)Essay

The US Economy vs.International Economy

...The American and Australian Economies 22 December The US economy has just come out of a great recession (as contrasted to the so-called Great Depression) but its recovery is still considered quite fragile at this time. This was a view of Mr. Hoenig in the Federal Reserve Bank which sets interest rates (Chan, 2010, p. 1). He is of the opinion the recovery is not strong enough yet to absorb fully all of the proposed $600 billion stimulus plan to reinvigorate the American economy. In particular, Mr. Hoenig want to approach stimulating the economy slowly for fear of igniting inflation again. Additionally, he also considers the recent past and wants to avoid...
1 Pages(250 words)Research Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Research Paper on topic Effects of Chinese Auto Market on US Economy for FREE!

Contact Us