This document provides an overview of China's culture, politics, economy, legal system, and garment industry. It discusses key cultural aspects such as languages, religions, and family roles. It also examines political systems and risks, economic factors like demographics and trade, legal protections and business regulations. Specific details about China's garment market are given, including popular brands, retail channels, consumption trends, and the competitive landscape.
In this report we will discuss about Phase– Introduction, Introduction of a Company, Brief History, International / National Introduction, Vision, Mission, Core Values, Goals, Nature of Business, Type of Ownership, Identify Key Players and Roles, Organizational Hierarchy, Location(s) of Facility, Number of Technical Employees, Products / Services (single product), Phase– EXTERNAL ANALYSIS, Natural Environment:, Natural Resource Coca Cola need, Present and Future needs of Natural Resources, International Arrangement of Water, Issues they face during arranging and managing, Task Environment: Porter’sForces Model, When (situation), Why (objective / reasons), How (process), who (participants), Issues faced, In what format they collected the data of Porter’s Analysis, What benefits they get from conducting PORTER’s Analysis, Societal Environment: PESTEL Analysis, Phase– Internal Analysis: Organizational Perspective, Vision / Mission / Core Values (discuss separately), Vision, Mission, Core Values, Organizational Policies, CLIMATE CHANGE POLICY, CODE OF BUSINESS CONDUCT(INTEGRITY IN THE COMPANY), GUIDANCE FROM CORE COMPLIANCE OFFICER, ENVIRONMENTAL POLICY, HUMAN RIGHTS POLICY, POST-CONSUMER PACKAGING WASTE MANAGEMENT POLICY STATEMENT, Organizational Culture, How Policies and Core Values are helping in developing culture in their organization (examples), What Factors are Influencing their culture and How, Through what method(s) keep the culture alive, Organizational Structure, Degree to which organizational design elements exit in company structure , Core competencies, What are the company-wide core competencies, Which and How capabilities are linked with each core competency, Which and How resources are linked with each capabilities, On the basis of market analysis (Phase ), evaluate each core competency through Criteria Matrix, Coca - Cola Porter's Value Chain Analysis, Inbound Logistics, Operations, Outbound Logistics, Sales and Marketing, Service, Strategic Objectives, WE FOCUSED ON DRIVING REVENUE AND PROFIT GROWTH, WE INVESTED IN OUR BRANDS AND BUSINESS, WE BECAME MORE EFFICIENT, WE SIMPLIFIED OUR COMPANY, Current Strategies (to achieve above objective) (combination of strategies / single strategy for each objective), Corporate Level Strategies, Business level strategies, Functional level strategies, Financial Strategies, Identify Rival Firms: PepsiCo, PepsiCo’s Strengths (Internal Strategic Factors), PepsiCo’s Weaknesses (Internal Strategic Factors), Opportunities for PepsiCo (External Strategic Factors), Threats Facing PepsiCo (External Strategic Factors), Objectives of PepsiCo, PepsiCo’s Generic Strategies, SWOT Analysis , Phase– Gap Analysis & Recommendations, External Analysis, Internal Analysis
China - Opportunities, Threats, Success and Failuretutor2u
This revision presentation highlights the key opportunities and threats faced by firms outside China looking to do business in and with China. It also provides examples of businesses that have succeeded in China and those that have struggled!
China culture and cross culture in business. In this presentation, Cultural issues in business is discussed on HOFSTEDE's cultural dimension. Project on Management of Cross Cultural Issues.
In this report we will discuss about Phase– Introduction, Introduction of a Company, Brief History, International / National Introduction, Vision, Mission, Core Values, Goals, Nature of Business, Type of Ownership, Identify Key Players and Roles, Organizational Hierarchy, Location(s) of Facility, Number of Technical Employees, Products / Services (single product), Phase– EXTERNAL ANALYSIS, Natural Environment:, Natural Resource Coca Cola need, Present and Future needs of Natural Resources, International Arrangement of Water, Issues they face during arranging and managing, Task Environment: Porter’sForces Model, When (situation), Why (objective / reasons), How (process), who (participants), Issues faced, In what format they collected the data of Porter’s Analysis, What benefits they get from conducting PORTER’s Analysis, Societal Environment: PESTEL Analysis, Phase– Internal Analysis: Organizational Perspective, Vision / Mission / Core Values (discuss separately), Vision, Mission, Core Values, Organizational Policies, CLIMATE CHANGE POLICY, CODE OF BUSINESS CONDUCT(INTEGRITY IN THE COMPANY), GUIDANCE FROM CORE COMPLIANCE OFFICER, ENVIRONMENTAL POLICY, HUMAN RIGHTS POLICY, POST-CONSUMER PACKAGING WASTE MANAGEMENT POLICY STATEMENT, Organizational Culture, How Policies and Core Values are helping in developing culture in their organization (examples), What Factors are Influencing their culture and How, Through what method(s) keep the culture alive, Organizational Structure, Degree to which organizational design elements exit in company structure , Core competencies, What are the company-wide core competencies, Which and How capabilities are linked with each core competency, Which and How resources are linked with each capabilities, On the basis of market analysis (Phase ), evaluate each core competency through Criteria Matrix, Coca - Cola Porter's Value Chain Analysis, Inbound Logistics, Operations, Outbound Logistics, Sales and Marketing, Service, Strategic Objectives, WE FOCUSED ON DRIVING REVENUE AND PROFIT GROWTH, WE INVESTED IN OUR BRANDS AND BUSINESS, WE BECAME MORE EFFICIENT, WE SIMPLIFIED OUR COMPANY, Current Strategies (to achieve above objective) (combination of strategies / single strategy for each objective), Corporate Level Strategies, Business level strategies, Functional level strategies, Financial Strategies, Identify Rival Firms: PepsiCo, PepsiCo’s Strengths (Internal Strategic Factors), PepsiCo’s Weaknesses (Internal Strategic Factors), Opportunities for PepsiCo (External Strategic Factors), Threats Facing PepsiCo (External Strategic Factors), Objectives of PepsiCo, PepsiCo’s Generic Strategies, SWOT Analysis , Phase– Gap Analysis & Recommendations, External Analysis, Internal Analysis
China - Opportunities, Threats, Success and Failuretutor2u
This revision presentation highlights the key opportunities and threats faced by firms outside China looking to do business in and with China. It also provides examples of businesses that have succeeded in China and those that have struggled!
China culture and cross culture in business. In this presentation, Cultural issues in business is discussed on HOFSTEDE's cultural dimension. Project on Management of Cross Cultural Issues.
I made this PowerPoint presentation for my International Marketing class in 2006. It was the first part of a semester wide project in which we researched a foreign country and came up with a marketing plan to sell a particular product to that country. This is part 1/2 where we examined the country of India itself.
The Power Point Presentation for a paper on Equality,Freedom and Fraternity-Indian-University-Education-System-a-Critical-Appraisal at the 41st Indian Social Science Congress held at Periyar University, Salem between 18th and 22 Dec 2017.
The consumer decision-making process consists of five steps, which are need recognition, information search, evaluations of alternatives, purchase and post-purchase behavior. These steps can be a guide for marketers to understand and communicate effectively to consumers. One note is that consumers do not always move in the exact order through the process; it can depend on the type of product, the buying stage of the consumer and even financial status.
Strategic Management has been changed over the years in terms of its scope and
application. With the rise of intense business competition, companies adopt various strategies for overshadowing their competitor(s). In the contemporary business world, evaluating and understanding competitors' business is thus a key challenge for business firms. With this motivation, this report is intended to explore the business strategies Jamuna Bank Ltd. follows to accomplish its mission and gain competitive advantages over competitors. The study reveals some useful findings: first, the applicability of CORE as an analytical framework of strategic analysis; second, the overall context of the industry; third and most importantly, performance indicators of the Bank.
TUSUKA GROUP Established in 1995. Tusuka is in garment business since 1997, started as a buying house named "texel" focusing only the woven market. With the vision of specialized denim/jeans making, in 2001 Tusuka started its venture as jeans manufacturer with only 2 sewing lines and a small laundry to take the opportunity of globally growing demand of denim garment. After a year management found the necessity of a large world class in house laundry section to fulfill the vision. So from 2003 management started to expended the laundry and new sewing lines in its compound. Now Tusuka has the washing capacity of 45000pcs per day, with total 34 sewing lines specialized in denim garment making. The company is dedicated to excellence in merchandising, product development, production and logistics. They have earned a reputation throughout the global apparel industry as one of the foremost factories in Bangladesh for our commitment to quality, timely delivery and total value. Through their extensive sourcing network, they have the ability to effectively procure the best materials. Their customers rely on them to deliver the best quality products and superb service which enables them to successfully compete in the emerging market place. Tusuka has a wide range of product development capabilities. They utilize progressive tools such as CAD-CAM to meet specific price points and achieve quality. Their management team has an extensive understanding of the needs of companies in the West as well as production capabilities of firms in the East, making overseas sourcing easier.
This report is an individual assignment as a part of FIN 501course under the MBA curriculum of IUBAT. The primary objective of this report is to analyze the financial statement of two prosperous ceramics companies in Bangladesh, respectively “RAK Ceramics” and “Shinepukur Ceramics”
The purpose of this report is to measure their financial performance to decide which company is most beneficial to invest.
In this report we have the following ratios:
´ Quick Ratio
´ Average settlement period for trade receivable
´ Average settlement period for trade payable
´ Return on Capital Employed (ROCE)
´ Earnings Per Share
Impact of Pharmacy Business on Income, Expenditure, Consumption Saving, and I...MD. SAIDUR RAHMAN SAID
A business also known as enterprise or a firm is an organization involves in the trade of goods, services, or both to consumers. There are different types of business, operated in our country, such as sole proprietorship business, partnership business and corporation etc. Among them pharmacy business is operated in our country as a sole proprietorship business. A pharmacy is retail stored that sales medicine items.
1.1 Objectives of the study:
• The specific objectives of the study listed in the below:
1. To examine the socio-economic condition of Pharmacy business at Konabari market, Gazipur, 2016.
2. To identify the economic position of Pharmacy businessman at Konabari market, Gazipur, 2016.
3. To evaluate the Pharmacy business problems and suggestions to overcome the problem.
If the question is asked “What is Love Canal? Why is it important?” the answer could be simply put, it is an incomplete canal, or just a trench, built in western New York state in the 1890s. From the 1930s through the 1950s, it was used as a chemical waste dump. The surrounding land was then sold and used for residential purposes, and soon people began complaining about strange odours and possible health problems. Since the late 1970s, many studies have been done to ascertain whether any health problems can be traced to the waste dumped into LoveCanal.
It is significant because it was the first case concerning hazardous waste disposal and its possible health effects that received major national attention. The information in this site is drawn primarily from two publications: Monitoring the Community for Exposure and Disease, a report to the Agency for Toxic Substances and Disease Registry (Nicholas Ashford, Principal Investigator, and Linda Schierow, Project Manager, Centre for Technology, Policy and Industrial Development, 1991) and Love Canal: Science, Politics, and People (Adeline Gordon Levine, Toronto: D.C. Heath, 1982). Other information is drawn from materials listed in the other Love Canal Resources sections.
The Love Canal neighbourhood is located in the city of Niagara Falls, in western New York State. It officially covers 36 square blocks in the south-eastern corner of the city. Two bodies of water define the northern and southern boundaries of the neighbourhood Bergholtz Creek to the north and the Niagara River one-quarter mile to the south. Open fields are to the east, and the western border is 92nd Street. The canal itself is enclosed by 97th, 99th, Colvin and Frontier Streets.
Promotion is considered as one of the means used in order to spread and to increase the market share of the organization by increasing its competition against similar organizations in the market. Competition increased in the banking sector which makes it imperative for the banks to improve their promotion strategies with the strengthening of the competition. In the era of fierce competitive financial markets and the fastest growth of banking sector and other financial institutions, it is very tremendous task for banks to meet the demands of customers and to apply marketing techniques and strategies to attract, grow and retain customers and increase their volume of deposits.
Banking industry in Bangladesh up to now is leading the financial system. All of the
banks in Bangladesh are introducing new and new products to meet the dimensional
demands of customers. But only adoption of new products is not sufficient.
Customers should get the proper information about the products. For this Banks are
now emphasizing on proper marketing strategy. And of course in this aspect they are
applying different promotion mix. The aim of this study is to analyze the promotion mix to attract customers and to achieve the competitive advantage and their relationship as well as their impact on bank marketing performance of Jamuna Bank Limited.
The important findings help gather knowledge and understanding about the scenario of promotion mix and highlight elements that mostly influence the marketing of banking product and service. The contribution made by the study is to make clear understanding about the concept of marketing communication mix tools that will help managers to properly construct and design promotion program for marketing banking products and service with affordable price to satisfy their needs more effectively and efficiently through dynamic and innovative promotion strategies.
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"𝐄𝐯𝐞𝐫𝐲 𝐞𝐯𝐞𝐧𝐭 𝐢𝐬 𝐚 𝐬𝐭𝐨𝐫𝐲, 𝐚 𝐬𝐩𝐞𝐜𝐢𝐚𝐥 𝐣𝐨𝐮𝐫𝐧𝐞𝐲. 𝐖𝐞 𝐚𝐥𝐰𝐚𝐲𝐬 𝐛𝐞𝐥𝐢𝐞𝐯𝐞 𝐭𝐡𝐚𝐭 𝐬𝐡𝐨𝐫𝐭𝐥𝐲 𝐲𝐨𝐮 𝐰𝐢𝐥𝐥 𝐛𝐞 𝐚 𝐩𝐚𝐫𝐭 𝐨𝐟 𝐨𝐮𝐫 𝐬𝐭𝐨𝐫𝐢𝐞𝐬."
Kseniya Leshchenko: Shared development support service model as the way to ma...Lviv Startup Club
Kseniya Leshchenko: Shared development support service model as the way to make small projects with small budgets profitable for the company (UA)
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Digital Transformation and IT Strategy Toolkit and TemplatesAurelien Domont, MBA
This Digital Transformation and IT Strategy Toolkit was created by ex-McKinsey, Deloitte and BCG Management Consultants, after more than 5,000 hours of work. It is considered the world's best & most comprehensive Digital Transformation and IT Strategy Toolkit. It includes all the Frameworks, Best Practices & Templates required to successfully undertake the Digital Transformation of your organization and define a robust IT Strategy.
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Sustainability has become an increasingly critical topic as the world recognizes the need to protect our planet and its resources for future generations. Sustainability means meeting our current needs without compromising the ability of future generations to meet theirs. It involves long-term planning and consideration of the consequences of our actions. The goal is to create strategies that ensure the long-term viability of People, Planet, and Profit.
Leading companies such as Nike, Toyota, and Siemens are prioritizing sustainable innovation in their business models, setting an example for others to follow. In this Sustainability training presentation, you will learn key concepts, principles, and practices of sustainability applicable across industries. This training aims to create awareness and educate employees, senior executives, consultants, and other key stakeholders, including investors, policymakers, and supply chain partners, on the importance and implementation of sustainability.
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1. Develop a comprehensive understanding of the fundamental principles and concepts that form the foundation of sustainability within corporate environments.
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1. Introduction and Key Concepts of Sustainability
2. Principles and Practices of Sustainability
3. Measures and Reporting in Sustainability
4. Sustainability Implementation & Best Practices
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Discover the innovative and creative projects that highlight my journey throu...dylandmeas
Discover the innovative and creative projects that highlight my journey through Full Sail University. Below, you’ll find a collection of my work showcasing my skills and expertise in digital marketing, event planning, and media production.
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Cracking the Workplace Discipline Code Main.pptxWorkforce Group
Cultivating and maintaining discipline within teams is a critical differentiator for successful organisations.
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What are the main advantages of using HR recruiter services.pdfHumanResourceDimensi1
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Falcon stands out as a top-tier P2P Invoice Discounting platform in India, bridging esteemed blue-chip companies and eager investors. Our goal is to transform the investment landscape in India by establishing a comprehensive destination for borrowers and investors with diverse profiles and needs, all while minimizing risk. What sets Falcon apart is the elimination of intermediaries such as commercial banks and depository institutions, allowing investors to enjoy higher yields.
2. INSTRUCTED BY
MAHMUDA ALI
FACULTY, CBA, IUBAT
Presented By
MD. SAIDUR RAHMAN SAID
16204006, MBA
Summer 2017, IUBAT
2
China: An Analysis of Culture, Politics, Economy, Legal System, Government, and Market
3. CULTURAL FACTORS
Major languages
Standard Chinese or Mandarin
Yue (Cantonese),
Wu (Shanghainese),
Minbei (Fuzhou),
Minnan (Hokkien-Taiwanese),
Xiang,
Gan,
Hakka dialects.
Major religions
3
4. Ethnic makeup
Han Chinese 91.6%,
Zhuang 1.3%,
Other (includes Hui, Manchu,
Uighur, Miao, Yi, Tujia,
Tibetan, Mongol, Dong,
Buyei, Yao, Bai, Korean,
Hani, Li, Kazakh, Dai and
other nationalities) 7.1%
Role of family
Males
In the traditional Chinese family, the man
is responsible for maintaining, providing
for and protecting his family. At the same
time, he is given all the decision-making
power when it comes to his wife, family
and other family members.
Females’
Traditional Chinese mothers usually stay
in the home to take care of the home, the
children, and the rest of the family. Many
modern Chinese women have careers.
4
92%
1% 7%
Ethnic group
Han Chinese
Zhuang
other
5. Unique business customs,
etiquette and practices
Business Mentality
Chinese business people will expect you to
be well prepared for the meeting.
They prefer to establish a strong
relationship before closing a deal, so you
might have to meet up several times to
achieve your objectives.
Regarding decision-making, the Chinese
tend to extend negotiations far beyond the
agreed deadline to gain some advantage.
People in China usually enter the meeting
room in hierarchical order.
Greetings
Handshakes are common but wait for
your Chinese counterpart to initiate the
gesture.
Regarding titles of courtesy, most
people should be addressed with a title
followed by their last name.
Body Language
Body posture should always be formal
and attentive as it demonstrates self-
control and respectfulness.
Be careful about what you do with your
hands as well.
5
6. Business meetings and meals
Dress code: conservative suits. Bright
colors of any kind are considered
inadequate.
Exchanging business cards is common
practice, so make sure to bring plenty!
Gold is the color of prestige and
prosperity, so if you print your business
cards in gold ink, it will have that
connotation.
Do not bring presents! The official policy
in Chinese business etiquette forbids
gifts. is illegal in the country.
If you are invited to a business meal,
wait to be seated, as there is a seating
protocol based on hierarchy.
It is also important to know how much
to eat..
Unique aspects of written, oral
and non-‐verbal communications
Nonverbal Communication in
China
facial expression,
eye contact,
gestures, and
tone of voice.
Verbal
The most common by far is Mandarin
Chinese, which is the dialect of China,
and is the language taught in almost all
Chinese schools and used on TV and in
the media.
6
7. Describe the country’s culture
using Hofstede’s model of
cultural dimensions
Major sports
Women's national volleyball
Ping Pong – (Table Tennis)
Shooting
Bicycling
Football
Chinese diving
Chinese martial art
Badminton
7
8. Recreation
Music
Opera
Dance and Acrobatics
Kites
Board Games
Card Games
Literature
Food
Sweet and Sour Pork
Gong Bao Chicken
Ma Po Tofu
Wontons
Dumplings
Chow Mein
Peking Roasted Duck
Spring Rolls
8
9. POLITICAL AND LEGAL
FACTORS The Constitutional System
The current constitution was adopted on
December 4, 1982 by the 5th National
People's Congress.
The System of People's Congress
The National People's Congress (NPC) holds
the highest authority in state power, while
local people's congresses are the local
authorities. Both are elected by the people.
The Party in Power
The Communist Party is the only party in
power. Founded in 1921, the Communist
Party of China (CPC) finally recognized the
People's Republic of China in 1949 through
years of armed struggle.
The System of Multi-Party Cooperation
and Political Consultation
The CPC has eight other political parties
accepting its leadership and participating in
the discussions and management of state
affairs, in cooperation with the CPC.
The Local Administrative System
It's the system and practice of establishing
administrative regional divisions and setting
up of local administrative organs to assist
the implementation of local administration.
The System of the Head of State
The President is the head of the state of
the People's Republic of China.
9
10. The Election System
China has a comprehensive system for it
elections which include laws and regulations
pertaining to the peoples' right to vote and
stand for election, function of the powers
that supervise the election, procedures of
direct and indirect election, election
expenses and punishment of violations.
The System of Self-Government of
Ethnic Autonomous Areas
All the areas heavily populated with ethnic
minorities are managed by self-government
under national leadership, which is
determined by geographical size and
population.
Stability of government
The index of Political Stability and
Absence of Violence/Terrorism measures
perceptions of the likelihood that the
government will be destabilized or
overthrown by unconstitutional or violent
means, including politically-motivated
violence and terrorism.
10
11. Future political risks, if any
China is particularly hazardous with
respect to political risk. Similarly, there
are the risks of confiscation,
expropriation, currency inconvertibility
and contract repudiation. Currency
devaluation and rampant inflation are
possible scenarios in many countries.
There is also risk to company employees
of personal harm or kidnapping, and risk
to the firm of extortion attempts.
Bribery and corruption risk/index
11
2016 2015 2014 2013 2012
Score 40 37 36 40 39
34
36
38
40
42
Briberyindex
Score
It positions 79 among 178 countries in
corruption index
12. ECONOMIC FACTORS
Demographics
Population 1,373,541,278 (July 2016 est.)
0-14 years: 17.1% (male 126,732,020/female
108,172,771)
15-24 years: 13.27% (male 97,126,460/female
85,135,228)
25-54 years: 48.42% (male 339,183,101/female
325,836,319)
55-64 years: 10.87% (male 75,376,730/female
73,859,424)
65 years and over: 10.35% (male
67,914,015/female 74,205,210) (2016 est.)
Population growth rate 0.43% (2016 est.)
Urban population: 55.6% of total population
(2015)
Per capita income levels, wealth
distribution: GNI, GDP (Per capita
conversion), Rate of Change, PPP
Per capita income levels, wealth
distribution
GDP 11,795.3 billion US dollars
GDP based on PPP 23,194.41 billion
international dollars
Real GDP growth 6.6 %
GDP per capita 8,481 US dollars
12
13. HDI indexes
HDI
rank
Country Human
Development
Index
(HDI)
Life
expectancy at
birth
Expected
years
of schooling
Mean years of
schooling
Gross
national
income (GNI)
per
capita
GNI per
capita
rank
minus
HDI
rank
Value (years) (years) (years) (2011 PPP $)
90 China 0.738 76.0 13.5 7.6 13,345 -7 91
13
14. Inflation rate
Inflation as measured by the consumer price
index reflects the annual percentage change
in the cost to the average consumer goods
and services that may be fixed or changed at
specified intervals, such as yearly.
Currency exchange rate
1 US Dollar = 6.77 Chinese Yuan
1 Chinese Yuan = 0.15 US Dollar
Unemployment rate
Unemployment rate in China is 4%
Debt
Government gross debt as a share of GDP
49.3 %
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15. Business environment: Government
attitude to foreign investment and
trends, ease of doing business, trade
regulations
Government policies both encourage
and restrict foreign direct investment
flows and operations.
Due to the Chinese unique
characteristic and the nature of socialist
state, the government had to control
and govern foreign investment in a bid
to avoid occupying the dominant role in
the domestic economy.
A principal concern about FDI is that
MNEs’ global orientation will make them
insensitive to national interests and
concerns.
Major exports and trading
partners
The top exports of China are:
Computer ($188 B)
Broadcasting Equipment ($165 B)
Telephones ($ 112 B)
Integrated Circuits ($65 B)
Office Machine parts ($ 45.4 B)
The top trading partners are:
United States ($ 457 B)
Hong Kong ($273 B)
Japan ($152 B)
Germany ($ 97 B)
South Korea ($ 910.1 B)
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16. Education and literacy levels
Definition: age 15 and over can read
and write
Total population: 96.4%
Male: 98.2%
Female: 94.5% (2015 est.)
Availability of skilled labor, labor
costs
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18. Enforcement of contracts
First, there must be a written contract between the parties, executed by both
parties in accordance with the requirements of Chinese law. Traditionally, it has
been common in China to do business without a contract. The court will insist on
a written agreement that unambiguously names the parties and provides the
basis for the agreement.
Second, the contract must be enforceable in China. As a practical matter, no
Chinese court will enforce a foreign judgment and it can be quite difficult to get
them to enforce a foreign arbitration award.
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19. Legal procedures to open a new business
Have the correct documents. The
following documents are normally needed
from the investing business entity:
Articles of Incorporation or equivalent
(copy)
Business license, both national and
local (if any) (copies)
Certificate of Status (original)(U.S. and
Canada) or a notarized copy of the
Corporate Register for the investor or
similar document (original)(Civil Law
jurisdictions)
Description of the investor's business
activities, together with added materials
such as an annual report, brochures,
website, etc.
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Articles of Association. This document
will set out all of the details of
management and capitalization of the
company. This includes directors, local
management, local address, special rules
on scope of authority of local managers,
company address, and registered capital.
Feasibility Study. The project will not be
approved unless the local authorities are
convinced it is feasible.
Leases: An agreement for all required
leases must be provided. This includes
office space lease and warehouse/factory
space lease.
20. GOVERNMENT INFLUENCE ON
TRADE
Tariff
The average tariff was higher for agricultural
products at 15.6% while the average tariff for
non agricultural products was 9.0%. Since
expanding domestic consumer demand is an
important move in achieving stable economic
growth and economic restructuring, it was
decided that steps would be taken to
improve policies on the import and export of
consumer goods.
Sales tax
From 2012, China began to implement
business tax to VAT conversion pilot
program. Corporate income tax is lowered
to 25% (from 30%) for both domestic and
foreign-invested enterprises from January
2008. Individual income tax for foreign
nationals working in China is charged at
progressive rates from 3% to 45%. The
import consumption tax rate has been
lowered to 15% from 30%.
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21. VAT
VAT on imported goods at basic rate of
17% for general goods and at a lower
rate of 13% for some foodstuffs, grains
and edible vegetable oils, gas and other
energy products for domestic use,
books and newspapers, magazines,
feedstuffs and fertilizers, etc.
Membership in regional economic and
trading blocks that will grant preferential
treatment?
China has FTAs in force with regions and
countries such as ASEAN, New Zealand,
Singapore, Switzerland, Korea and
Australia. It is currently
negotiating FTAs with regions and
countries such as Regional
Comprehensive Economic Partnership
(RCEP), the Gulf Cooperation Council
(GCC) countries, Norway, Japan-Korea,
Sri Lanka, and Maldives. Reduced import
tariff rates may be applied to certain
commodities imported from FTA countries
into China.
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22. Market prospects
China’s Garment industry shows
apparent scale economy and cost
effects in material supply, labor costs,
product qualities, compatibility
between up and down stream, which
contribute to its vigorous export
competitive advantage.
Current product usage habits
In a survey report published by HKTDC
Research in 2015 on garment
consumption in the Chinese mainland,
respondents indicated that their average
spending on garments in the 12 months
prior to the survey was Rmb4,000, while
their average budget for buying
garments in the next 12 months is
Rmb4,517. Mainland consumers have
the habit of visiting clothing stores
frequently, with almost 80% of them
visiting at least once a month.
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23. COMPETITIVE PRODUCTS ON THE MARKET IN
CHINA
Figures from a mainland apparel
brands research centre indicate
that, with more than 10,000 brands
in existence, the degree of brand
concentration in the market has
gone down.
In focusing on innovation and brand
upgrading in response to market
changes, they are driving the
development of domestic apparel
brands.
Currently, China’s high-end garment
market is almost taken up by brands
from France, Germany, Italy, Japan,
the US, the UK and Korea.
Overall, the garment market was
relatively slow in recent years, but
fast fashion and online sales
continued to grow. In particular,
European brands such as Zara and
H&M have posted marked growth in
market shares.
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24. RETAIL DISTRIBUTION CHANNELS
Garment sales channels ranging from
warehouse-style shopping centers,
supermarkets and chain stores,
specialized garment markets, mail-
order, TV and online sales.
Specialized garment markets:
Focusing mainly on the mid- and low-
end segments, specialized garment
markets have played an indispensable
role in China in the 1980s.
Specialty stores: Selling in specialty
chain stores is now one main model of
selling branded garments and quite a
number of enterprises are adopting a
combination of franchised stores and
self-operated stores.
Garment supermarkets and discount
stores have now become the new
skyline in the garment market.
Garment items sold in supermarkets
are usually not the trendiest in style,
but prices are more affordable and
quality is more assured
Online shopping market: China’s
online garment shopping market has
gradually come of age and people
have formed the habit of online
shopping over the years. Online
shopping had a penetration rate of
over 30% in 2014.
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25. Major advertising media used in the
country
The most effective advertising or promotion activity
is offering discount/sale in shopping malls, followed
by TV/radio/broadcast commercials. Other than in
Shenyang, Tianjin and Chengdu, offering
discount/sale in shopping mall is the garment
advertising/promotion activity that is most effective
in attracting the attention of the respondents in the
survey.
Total size of the market and market
potential for your product
The Garment industry has long been a pillar 0f
China’s economy thanks to its advantage in
factor endowment and market scale. The trade
volume of the Garment sector has increased by
27.11 times during the past 25 years (from the
Reform and Opening). In 2005, Garment exports
took up 15.4% of China’s total exports and
24.4% of the world’s total exports in Garments.
The production and exports of Chinese Garment
products are the largest in the world.
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26. Target market and demographics
for your product
Women’s garment market: China’s
women’s garment brands have already
developed into a market structure which
encompasses high- to low-end products.
Men’s garment market: The consumer
market for men’s garment is now
undergoing a growth period..
Children’s garment market: According to
National Bureau of Statistics figures, in
2015 there were about 240 million children
under the age of 15 in China and, for the
whole year, 16.55 million babies were born,
representing a birth rate of 12.07%.
Work wear (uniform) market: According
to an assessment of Chinese leading
enterprises in work wear released by the
China National Garment Association,
there are 19 industries in China that
require wearing standard uniforms and
market demand is estimated to be worth
more than Rmb300-400 billion a year.
Casual wear market: As the economy
grows, mainland consumers’
requirements on casual wear are on the
rise and casual wear categories are also
changing and evolving continuously.
Sportswear market: From Adidas, Nike,
Puma, Li Ning and Anta to Qiaodan, 361
Degrees and Step, the sportswear market
has posted rapid growth in the last few
years.
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