International Business - UK and China - Essay Example

Only on StudentShare

Extract of sample
International Business - UK and China

China has a growth rate three times higher than that of Europe, but wage levels there are typically close to a tenth of the UK's. The mere fact that China is such a successful player in the global economy means that small businesses in the UK are affected by the growth of the Chinese market. There are mutual benefits for both UK and Chinese businesses. China has a strong manufacturing base but is in need of technical expertise and innovative technologies that can be provided by Welsh companies. Moreover, there is a strong incentive for Chinese companies to co-operate with Britain as it can be used as a gateway to Europe, and in turn the biggest consumer market in world.
Chinese labor costs are very low. There is a fear from some small firms that British manufacturing base could be undermined. Indeed if a large manufacturer relocates to China this has implications for small manufacturers who are first or second-tier suppliers. In terms of labor costs a UK small manufacturer cannot compete and many are suffering as a result. Others indicate, however, that labor is not their highest overhead and when transport costs are included, they believe that they can compete favourably with Chinese products. ...Show more


UK has been the fourth largest economy in the world. It has been because Chinese economy is leaping ahead as it has done for several years, has pushed the UK into fifth position. The economy of the world's most populous nation has been growing vastly in recent years with an annual growth rate regularly nudging - even exceeding - 10%…
Author : waelchireva
International Business - UK and China essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"International Business - UK and China"
with a personal 20% discount.
Grab the best paper

Related Essays

International Business
Introduction Emerging economy is a term coined to define ‘a country in which its natural economy grows rapidly, its industry is structurally changing, its market is promising but volatile, its regulatory framework favors economic liberalization and the adoption of a free market, and its government is reducing bureaucratic and administrative control over business activities’ (Luo, ).
12 pages (3000 words) Essay
International Business Environment
Therefore, the main aim of the report will be based to identify the business opportunity of XYZ in the UK and Chinese automobile sectors. With this concern, the report will be focused on highlighting the national and institutional systems along with possible cultural differences within the UK and China automobile markets.
14 pages (3500 words) Essay
Business management: Oppurtunities, risks, and strategies for the UK-based companies to start business in China
Since the start of reforms in the year 1978, China’s economy has shown remarkable growth that is driven by numerous factors including growth in the physical and human capital (Ojiako, Maguire, and Guo, 2009). China is known across the globe for its excellent manufacturing capability and is indeed, the larger producer of a vast range of things that include but are not limited to textile, gadgets, and toys.
10 pages (2500 words) Essay
UK Investment in China
Both virtual and brick & mortar global market spaces have increasingly become available. Both multinational corporations and small manufacturers and service providers are making a beeline for the large markets such as China, India etc adopting various entry routes.
12 pages (3000 words) Essay
International accounting in china
Ownership of the enterprises was being exclusively based with the Government and taxes and profits did not make too much of difference and accounting was being considered to be a vital constituent of the total control system. However, several of the inherent flaws which were prevalent with the system relating to the differential forms of taxation structure made industries to suffer greatly due to the unfair means of competition among them which brought about a compulsion on them to bypass the rules so as to stay afloat thereby resulting in reduced levels of efficiency.
15 pages (3750 words) Essay
International Investment In China
The companies in United Kingdom are also increasingly taking decisions to invest considerable funds in the Chinese market so as to avail the prevailing business opportunities. There tend to be several opportunities for multinational corporations in the Chinese market with regard to low cost production and boosting economy etc.
10 pages (2500 words) Essay
International management for china
The aim of the research is to determine the external and internal determinants that influence the retailers’ decision to enter China; the effect experienced by the existing retail firms in China; to determine if these firms had to alter their marketing strategies after entering China and to determine the different marketing approaches that the international retailers adopt in the USA and UK compared to China.
33 pages (8250 words) Essay
International Business
In general, expanding the business of SABIC in China is a promising business opportunity because of the ready market and cheap labour. However, the strong control of the Chinese government may serve as a hindrance in terms of maximizing the potential
16 pages (4000 words) Essay
International marketing strategy of Starbuck in china and in the uk
ult, this paper will discuss the way Starbuck Corporation in China and UK was created and how it changed over time especially with increased competition in a marketing environment based with cultural differences. More significantly, this study wants to emphasize the strategic
27 pages (6750 words) Essay
Get a custom paper written
by a pro under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email