China

=Organizing International Business Activities - China=
 * NOTE: All //italicized text// must be deleted AFTER that section is complete.**

‍Introduction - Donaldo D.
//This section should include a 250-300 word introduction, which includes a detailed definition of "International Business Activity" and includes information regarding historical, statistical, and other vital information on your country. Utilize the CIA Factbook to help you. Be detailed and specific in your explanations - a minimum of 250-300 words with links, graphics, and annotations.//

‍Economic Conditions - Kathy R.
//This section should include factors that make up the Economic Conditions of your country. Be sure to include information on the legal sytem of your country. How does this legal system help or hurt business in your country? What kinds of situations have brought (or are bringing) positive changes for the business environment in your country? Be detailed and specific in your explanations - a minimum of 250-300 words with links, graphics, and annotations.// Since China officially became a communist state, China steadily became one of the world's fastest-growing economies and now has a major economic and trade power. This has influenced a lot of the overall world economy. Because of China's rapid growth it has sharply improved Chinese living standards, has helped millions of people successfully get out of poverty. On the other hand, there still are millions of migrant workers and people who live in rural areas that mostly live in poverty.

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Since China officially became a communist state, China steadily became one of the world's fastest-growing economies and now has a major economic and trade power. This economy has also influenced the industry for china including energy, ======

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iron and steel machinery and chemical industries,thermal,hydro and nuclear power,farm machinery,engineering machinery,instruments and meters,general machinery,heavy mining machinery, auto mobiles,chemical extraction,production of fertilizers,pesticides,basic organic raw materials, synthetic rubber, photosensitive materials,and plastic products. ======

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‍Imports, Exports, and Trade Relations - Jahquil W.
China was the United States' 3rd largest goods export market in 2010. U.S. goods exports to China in 2010 were $91.9 billion, up 32.2% ($22.4 billion) from 2009, and up from 1994 U.S. exports to China accounted for 7.2% of overall U.S. exports in 2010. The top export categories in 2010 were: Electrical Machinery ($11.5 billion), Machinery ($11.2 billion), Miscellaneous Grain, Seed, Fruit (soybeans) ($11.0 billion), Aircraft ($5.8 billion), and Optic and Medical Instruments ($5.2 billion). U.S. exports of agricultural products to China totaled $17.5 billion in 2010, the largest U.S. Ag export market. Leading categories include: soybeans ($10.8 billion), cotton ($2.2 billion), hides and skins ($952 million), and feeds and fodders ($736 million). U.S. exports of private commercial services* (i.e., excluding military and government) to China were $15.7 billion in 2009 (latest data available), 4.1% ($615 million) more than 2008 and greater than 1994 levels. Other private services (business, professional and technical services and education services), travel and the royalties and license fees categories accounted for most of U.S. exports in 2009. China was the United States' largest supplier of goods imports in 2010. U.S. goods imports from China totaled $365 billion in 2010, a 23.1 % increase ($68.6 billion) from 2009, and up over the last 16 years. U.S. imports from China accounted for 19.1% of overall U.S. imports in 2010. The five largest import categories in 2010 were: Electrical Machinery ($90.8 billion), Machinery ($82.7 billion), Toys and Sports Equipment ($25.0 billion), Furniture and Bedding ($20.0 billion), and Footwear ($15.9 billion). U.S. imports of agricultural products from China totaled $3.4 billion in 2010, the 3rd largest supplier of Ag imports. Leading categories include: processed fruit and vegetables ($811 million), fruit and vegetable juices ($386 million), snack foods (including chocolate) ($190 million), and fresh vegetables ($132 million). U.S. imports of private commercial services* (i.e., excluding military and government) were $8.2 billion in 2009 (latest data available), down 13.1% ($1.2 billion) from 2008 but up from 1994 level. The other private services (business, professional and technical services), travel, and other transportation (freight services) categories accounted for most of U.S. services imports from China. Tariffs- cut to an average of 9.4 per cent overall and 7.1 per cent on USA priority products. .
 * Exports**
 * Imports**

‍Currency: Values and Factors - Donaldo D.
//This section should list the major currency of your currency as well as other major currencies in your region. Research factors that might affect the value of these currencies. Contact the local consulate for your country and conduct an interview with someone to obtain information about the monetary system and shopping activities of your country. What economic and political factors influence currency values in your country? How do those factors differ from factors in other countries in the region? Be detailed and specific in your explanations - a minimum of 250-300 words with links, graphics, and annotations.// Link to Consulates

‍Laws and Regulations - Luis R.
//For this section locate and list examples of laws that affect business activities and international business trade in your country. How do these laws and regulations compare with those of the United States?// //Be detailed and specific in your explanations - a minimum of 250-300 words with links, graphics, and annotations.//

China is a part of the World Trade Organization (WTO) which deals with the global rules of trade between nations. Its main function is to ensure that trade flow as smoothly, predictability and freely as possible. When exporting from china there is eligible and ineligible product, some eligible product might be poultry and poultry products, sheep/ lamb casings intended for processing, pork and pork products. Some ineligible would be beef and beef products and tallow, sheep/lamb meat. Inspection on import and export commodities performed by the commodity inspection authorities shall cover quality, specification, quantity, weight, packing and the requirements for safety and hygiene[|. A foreign trade dealer who intends to engage in the import and export of goods and technologies shall fulfill the following requirements and acquire the permit from the authority responsible for foreign trade and economic relations under the state council: having its own name and corporate structure, having definite scope of business in foreign trade, having place of business, financial resources and professional personnel essential to the foreign trade dealings which it intends to engage in, having a required record of import and export which were effected on its behalf or having necessary sources of goods for import or export, other requirements provided in relevant laws and administrative regulations. Foreign trade dealers are obligated to provide documents and information in relation to their foreign trade dealings to the relevant authorities pursuant to the regulations of the authority responsible of foreign trade and economic relations under the State Council. The relevant authorities shall not disclose the business proprietary information provided by the dealer]. . "China Business Laws & Regulations." //http://www.danmex.org///. N.p., n.d. Web. 29 Nov 2011.

‍Consumer Products/Services - Gonzalo D.
//This section should identify products and services that are unique to your country. What factors influence the demand for these goods and services? Also list examples of customs, traditions, and cultural behavior that affect consumer buying in this region. Be detailed and specific in your explanations - a minimum of 250-300 words with links, graphics, and annotations.// //-//Some unique products of china are things like, solar cellphone chargers that help charge our phone on the go. For the working people in china that are in a rush, this can be really helpful. -many countries are trying to get in to chinas large mobile growth. [] - Another product is the chain link fence, a unique product from china that is now used around the world for many porpuses. -the most common used car in china is the smart car, because of china's large population they have a high demand for this car. -china has a number of religious beliefes like Buddhism, Taoism, Islam, Catholicism and Christianity. -china is a large country with many ethnic groups, the largest is the Han ethnic group and with many ethnic minorities groups. the Han ethnic group has a population of 91.7% of all of china's population. //-//During the Dragon boat festival, many people cannot reach the river to watch the boat race, almost all of them eat the unique food -zongzi, a pyramid-shaped dumpling made of glutinous rice wrapped in bamboo or reed leaves. -on the last month the eighth day in the Chinese lunar calendar, people will eat a porrige called 'La Ba Zhou' -before celebrating a birth day, a young child will eat a bowl of nuddles. the long nuddles symbolies the longivity in china, with the large population in china. nuddles would be a huge demand. -another tradition they have is the chinese new year, every year its a diffrent animal and for that year the people that fall under that catigory are celebrated as being their year. [] -Vegetarianism isn't unusual or uncommon in country, and for chinas large population there will be a large demand for buying and consuming vegetibles. -rice is a large demand in china because it is the favored food of most chinese people. the chinese favor rice because of a myth, long ago when the lands flooded and all plants were destroyed.they didnt have anything to eat, there were very little anymals so it made hunting difficult, one day a dog came to the chinese people with seeds all over him. they planted the seeds not knowing what was going to grow. and thats when they saw that the seeds were growing rice. [] -china is the largest toy exporter in the world, so theres a big demand for the products of china. []



‍Promotional Activities - Sairo M.
//This section should describe the common promotional activities in your region. How do these compare with advertising and sales promotions in the United States?// //Be detailed and specific in your explanations - a minimum of 250-300 words with links, graphics, and annotations.// This is how they advertise Nike in China- they use a famous person to advertise the product they have so that people in their country would see the texture that the shoe is made and how is better than the other shoes in China. Hear is another advertisement of a car that does not need gas to move but it needs electricity that’s why the put the comment on the picture of a person just there thinking about having the dream of a car that does not need no gas to move around is a big advantage of not using gas but it will take a lot of electricity for the use of this car. This is how they do the promotional activities in china. Nike [] Electric car []

This is the way we do it in the United States we do it the same like in china we use famous people to do a commercial with the product and the person how is doing the advertisement attracts round dome people to buy the product like Jennifer Lopez in this picture she walks around with a Gucci purse trying to make people to buy the product because it looks really good and it would make a sale on it. Hear is another commercial about soccer is one of the best sport all over the world. In this advertisement they use one of the best player that to put in front of the case of the game so people would buy the game in the use there is a lot of people that like this sport and would like to buy the game no matter how much the game cost the people would buy it. Well Promotional Activities is the same in the US as in China we just us different people to promote the commercial. Gucci [] Nike []

‍Small Business Success - Carlos I.
//Small businesses are important for jobs and economic growth in every country. For this section research information on small businesses in your country (those with less than 10 employees). What difficulties are commonly faced when starting or operating a small business in your country? How do small business owners overcome these challenges? Contact a small business owner in your country and interview them via email to discover how they meet the challenge of running a small business in their country. Be detailed and specific in your explanations - a minimum of 250-300 words with links, graphics, and annotations.//

‍Conclusion - Tracy M.
//This section should include a detailed summary of the team's research. Based on your research, what type of business would be the most successful in your country? Why?//

China's economy has been [|growing for years.] China is a very [|crowded country], meaning that there are a lot of people in the urban areas of China that manages to utilize the population by using them for a very strong work force. In China, many towns become dependent on one product such as tarp making and they produce lots of this one product and use these products to export. Obviously China still has lots of [|poverty]stricken areas but hey, doesn’t every country? China supplies many countries, including the US, with many materials such as electrical machinery, machinery, toys and sports equipment, furniture, bedding, and footwear. The United States does depend on China’s imports which is terrible for the US but very good for China. This necessity for China’s goods in the US helps China and the US keep up with a good political relationship  because many businesses would fail if these two countries went against each other for any reason, Although China does export a lot to the US and [|China is a communist state]that has a very tight grip on its people the Chinese are now craving more western products. The Chinese have many imports coming to them every day. These products include things like BMW cars, Cadillac cars, Rolls Royce cars, reebok, and nike. Microsoft, and the web browser bing are also western products that the Chinese use. China and the US are very similar.  To simply put it, China is like the communist version of the US.Based on the teams research the most successful business in China would be an international business that has it's product made in China because it would be easiest to run in China because of the very willing work

[|A BIT OF HISTORY ON CHINA]     <span style="font-family: 'Arial','sans-serif'; font-size: 13px;">