Chinese Market Book Reviews
Chinese Market by iMinds Book Summary
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. With currently almost 80% of urban households considered poor, this rising income is estimated to bring 300 million households into the middle class by 2025. Already considered “the world’s factory”, this rapidly emerging domestic market is expected to become the driver of world consumption. In order to supply its strong export sector and meet the demands of its domestic economy, China is becoming the key marketplace in the world economy.
Currently China’s global trade exceeds US$2.1 trillion each year, importing US$922 billion and exporting US$1.19 trillion. The strength of its export sector, particularly in manufacturing which accounts for 80% of exports, is illustrated by the US$268 billion dollar surplus it holds with the US.
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Book Name | Chinese Market |
Genre | Business & Personal Finance |
Author | iMinds |
Published | 23 October 2010, Saturday |
Language | English |
E-Book Size | 1.82 MB |
Chinese Market (iMinds) Book Reviews 2024
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Download Link | Book Format |
chinese-market-ebook.pdf | |
chinese-market-ebook.epub | EPUB |
chinese-market-ebook.kindle | KINDLE |
Chinese Market E-book (PDF, PUB, KINDLE) Download
Chinese Market ebook chinese-market (1.82 MB) download new links will be update!
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Summary of Chinese Market by iMinds
The Chinese Market book written by iMinds was published on 23 October 2010, Saturday in the Business & Personal Finance category. A total of 52 readers of the book gave the book 0 points out of 5.
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