Internatinal business Essay Example | Topics and Well Written Essays - 1250 words

Internatinal business - Essay ExampleEntering into mainland china will not only candid the gates of opportunity in mainland China but in other Asian countries also. Star Traders aims to procure starting time cost products and sell them at the relatively reasonable margins in the international markets. This strategy will be lever get along withd through extensive marketing to the existing client base in the developed countries of the world. It is however, big to note that China has the risk of political instability as country is predominately a Communist society with government controlling near of the assets in the country. foreign firms are not allowed to operate on their own and need to develop working partnerships with the topical anesthetic players to enter into the market. To successfully enter into the market, a financing of well-nigh $10 million will be required. Research The name of the business is Star Traders and it is going to operate in China in partnership with th e local players already working in the chosen field of business of the firm. China has a community of over 1.3 Billion with Han Chinese forming the 92% of the overall population of the country. The overall population growth rate is around 0.48% which China has been able to control over the period of time (CIA World Fact Book. China). China has the highest population in the world therefore in order to control the population, China has implemented one child policy (CIA World Fact Book. China). As mentioned above, the major pagan groups in the country include Han Chinese which form over 90% of the population of the country. Apart from Han Chinese, Zuhang, Manchu, Hui and other smaller ethnic groups exist too. However, the overall concentration of these smaller groups is relatively low and Han is the major ethnic group in the country. Mandarin is the major language being utter in the country. Apart from this, Cantonese, Wu and other languages are also been spoken in various parts of the country. Mandarin however, is the major language spoken by most of the ethnic groups in the country. It is also critical to note that the there are various dialects of the Mandarin also. Over 30% of the population of the country lives under the age of 30 years indicating that the country has ample supply of young labors to continue to supports its economic progress achieved and sustained over the period of more than 10 years. China is the fastest growing economy in the world and has recently overtaken Japan as the second largest economy in the world. With over $12 trillion gross domestic product with a real growth rate of over 7.8% indicate that the Chinese economy has the potential to offer one of the most lucrative business enthronisation to be made. It is also important to note that the China is a predominately manufacturing oriented economy with manufacturing taking more than 46% of the overall GDP of the country. Services welkin has a share of 43% whereas rest of the shar e is taken over by the agriculture sector of the economy. Major export items include electrical and mechanic equipment. Iron, textile and data processing equipment. The major trading partners of the country are US, Japan, Hong Kong as well as Germany and South Korea. As compared to exports, Imports are relatively low and are only over $1.7 trillion with electric and other