Recent recession has destroyed the financial backbones of many of the American and European countries whereas Asian region, especially East Asia or countries like China, India, Korea etc escaped from recession without causing much injuries to its economies…
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It is said that the global wealth is slowly shifting from the European and American region to the more heavily populated Asian region at present. Many of the prominent companies in the world are now looking towards Asian region for growth or expansion prospects. China and India seem to be the number one and two targets of prominent American and European companies. China is the most heavily populated country in the world at present. Moreover, China is growing more rapidly than any other country in the world now and many people believe that China may replace United Sates in near future as the topmost economic power in the world. According to Keidel (2008), “China’s economy will surpass that of the United States by 2035 and be twice its size by midcentury” (Keidel, 2008). “The inflation rate in China was last reported at 4.4 percent in October of 2010. From 1994 until 2010, the average inflation rate in China was 4.25 percent reaching an historical high of 27.70 percent in October of 1994 and a record low of -2.20 percent in March of 1999” (China Inflation Rates, n. d) (See Appendix for more details). Moreover, “during 1997–2005, the PRC’s average annual growth rate in real GDP was 8.9%. During the forecast period of 2005–2010, it was assumed that the PRC continued its historical growth trend of 8.9% per year” (Mai et al, 2010, p.5). ...
Even though huge population was a big barrier in front China’s march towards economic growth, they succeeded in converting this barrier in to a blessing and economists forced to rewrite many of their economic principles. Now China is a prominent labor supplier for the rest of the world. Even though Mao is still believed as a prominent leader in Chinese history, Deng was the actual leader who put bases for China’s rapid economic progress. Mao was adamant about communist principles whereas Deng succeeded in giving practical definitions to communism in China. In short, China is the most rapidly growing country in the world at present and most of the prominent companies are now focusing more on China for expansion prospects. The BMW Group in the US reported March (2009) sales of 21,125 vehicles, a decrease of 22.9 percent over the 27,404 vehicles sold in the same month of 2008. For the first quarter, The BMW Group also reported a year-to-date sales volume of 51,244 vehicles, down 25.2 percent, compared to 68,529 vehicles sold in the same period a year ago (BMW Sales Remain Low Down 26.8% - Mini Sales Decline 15.9% In March) BMW was a leader in automobile manufacturing till a couple of years before. However, same thing cannot be said about BMW at present because of the huge competition it faces from other automobile manufacturing companies along with the technical problems of tis vehicles. America and Europe were the most important markets for BMW earlier. However, the financial problems in these regions forced BMW to shift its focus towards more prosperous Asian region. This paper analyses how BMW was developed and is evolving in China, focusing more on areas like Positioning for Greater Global Competitiveness, Improving Globalization of Markets and
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In the last few years there has been immense growth in the automobile industry in China around 15% which when compared to world’s growth rate of 1.5% is significantly high. China is a very competitive market in the automobile industry with almost all the world’s leading automobile brands operating in the country.
This research paper, therefore, aims to provide the company with the general knowledge regarding global trade and why China is the best option for expanding, exploring, and investing.Strategies for successful global marketing are also highlighted in order to pave the way for the transition of the company from a domestic market to the international trade market.
With the constant consumption of these resources at an alarming pace, depletion of natural resources is becoming a very renowned term. Retaining the planet’s vitality is proportional to the resources we conserve. The pattern of resource consumption in China is such that it is consuming resources like farmland, water and timber with twice more frequency than their efforts directed towards these resources’ renewal for development purposes.
and The stock Exchange of Hong Kong Limited, respectively. Brilliance has had a minibus joint venture with his Japanese company since the early 1990s. While the company also manufactures gasoline engines and other automotive components, automobile manufacture is performed by the subsidiaries Shenyang Brilliance JinBei Automobile Co Ltd and BMW Brilliance Automotive Co Ltd of which Brilliance has 51% and 50% ownership respectively.
Even though automobile industry, in general, is going through a bad patch, BMW seems to be suffering a lot because of its sales decline all over the world. Earlier, BMW was one of the highly trusted automobile brands in the world and the consumers never bothered to think twice when they took their purchasing decisions.
Statistics show that there are more than fifty ethnic groups that call China home. China has a population of 1.34 billion people. There is no official religion in China due to the fact that it is a communist state. Half of the population in China do not have any religious affiliations and in some cases identify themselves as atheists.
It is however, impossible to do without this type of professional because of the many issues involved. The suggestion is that once these people are trained that it be kept in mind that there will be concessions to keep them. The forms of enticement that can be used are many including unique benefits.
It manufactures some of the premium branded cars like BMW, Rolls-Royce, etc. The company is also strongly placed in the market related to motorcycle business. The company is mainly focused in generating profitable growth through manufacturing of premium branded cars and marketing them worldwide.
In addition, cities and towns are providing and encouraging development of adequate and quality facilities for holding meetings, conferences and exhibitions that are significant in attracting visitors and tourists. Meetings, Incentives,
6 Pages(1500 words)Research Paper
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