MEMO To: President C&C Industries From: Date: 24th January 2011 Re: Opportunities to Improve Business Prospects - In response to your recent announcement about the exciting new venture that C&C Industries are starting in China, I am writing with a few initial thoughts on the local business conditions there…
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The repressive regime of the communist Cultural Revolution in the mid-1960s to mid-1970s, and the political unrest that we all saw in the Tiananmen square incident in 1989, are indications that there have been some major social issues in recent years. This has now been replaced by a much more open style of government. China is eager to join the rest of the world, in joint business ventures and the prospects for our company are very good. It is reported that the private sector now accounts for around 65% of Gross Domestic Product and 70% of tax revenues. This compares with only 20% of GDP in the late 1990s. (source: http://factsanddetails.com/china.php?itemid=355 ) These upwards trends are continuing, and all the predictions are that China will increase its growth in the near future. There are, however, some risks with doing business in China, for example in the area of contracts, law enforcement and civil liberties. China has very different ideas about privacy and access to information, including things we take for granted like telephone and internet.
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This research is being carried out to evaluate and present various challenges that have faced and are likely to face India and China in their objective to be developed countries. These include sectorial imbalances evidenced by higher contributions of its services sector to its GDP compared to its manufacturing sector.
In sum, the economic relations between China and America have been characterized by a host of complexities. As it has come out from the review, America is an economically established country that has strong economic ties with various countries.
The only tough time face by the firms was during the 1990s when the business environment had to meet a number of challenges to attain an established way of doing business. The significance of international marketing is realized by all the firms and they try to take advantage of the upshots of the global market.
The ability of their labor force to work for less salaries and wages, as well as work in poor conditions is in contrast to traditional economic powers like the USA. Between 2000 and 2007, the global economy grew by a rate of 3.2% overall, before dipping between 2001-2002 due in large part to the “dot com crash”.
This growth rate in e-trade exceeds trade carried out in the ordinary market. According to a report released by Madar Research Group in 2002, UAE e-commerce has reached the levels of top European Union states. Like other developed countries in the European Union, Dubai has a score of 76% in the effectiveness of the e-commerce sector.
65). These countries have been the most dominant in the industry due to the fact that some of the most reputable automobile brands were established and developed there. Nevertheless, many of those brands have numerous research facilities,assembly lines and warehouses around the world as well.
This occurs when symbolic systems mediate and there is facilitation of communication between the different actors (Noronha, 2002). The ancient culture of China was more progressive than the contemporary Chinese culture. The Chinese people are famous for their traditional form of paintings, silk weaving, calligraphy and architecture (Kalman, 2008).
cal landscape is its developing and flourishing relations with the US which has brought in regional peace and stability, and strong trade and investment ties (Kamrava 5). Qatar is a member of the WTO and regarding their obligations, there have been reduced tariffs, unnecessary
6 Pages(1500 words)Research Paper
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