The teacher is explaining the concepts while the students are all listening attentively.China is often viewed as an attractive place to invest or start a business, due to several factors.China’s labour market very much appeals to many foreign investors. This is because on one hand, labour cost is low, and on the other hand, through 20 years of reform, China’s workforce has become matured and their skills have been constantly upgraded, especially in the coastal cities. Educational development is undergoing at a tremendous pace in China, thus it is no longer difficult to hire high quality labour force in China today.
Beside this, China is blessed with abundant of natural resources.A total of 171 kinds of minerals have so far been discovered, of which 158 have proven reserves. With these resources , we could build and start the daily operations of the factory with ease as the inputs are readily available.
Due to cheap labour costs and vast land in China,China has comparative advantage at producing low-end products such as textile as compared to Singapore.China products are cheap and there are an array of products for consumers to choose from maximizing their level of satisfaction.Some of my friends commented that China products are made from poor quality and it is not durable.But, I beg to differ.How much do they pay for the good."The more you pay the better quality of products one will receive."This statement is true provided one does not get cheated by the sales personal.To prove that I'm right, below is a concrete example to support my stand that China is thriving and the demands for China products are indeed rising exponentially.
China's exports and imports grew substantially in January year on year.
This suggested that global demand for Chinese made goods is continuing and Chinese consumers are spending too.January's exports from China were up 21%. Imports rose by almost 86%.
There is no guarantee that doing business in China is a definite profitable one.This is because countries are actually dependent on one another.Let me give a simple illustration:For example,if there is a recession in US, The incomes fall,purchasing power goes down, the demand for China goods will naturally decline too.This may results in a fall in China export revenue.
Reflection:I feel that it is essential to give face or respect to the partner or the other party when doing a business, so that in this way strong cooperation can be fostered and the business will be able to grow and last.Beside this,I also feel that when doing a business , honesty and integrity is vital.This is because if one uses despicable way to accelerate the gaining of market power, it is considered as unlawful.What is the use of making so much money through unlawful or corrupted methods, one will be living with array of emotion of guilt and fear of being pulled behind the bars one day.The law is filled with justice,thus we must uphold meritocracy and incorruptibility when doing business.Good night.
Beside this, China is blessed with abundant of natural resources.A total of 171 kinds of minerals have so far been discovered, of which 158 have proven reserves. With these resources , we could build and start the daily operations of the factory with ease as the inputs are readily available.
Due to cheap labour costs and vast land in China,China has comparative advantage at producing low-end products such as textile as compared to Singapore.China products are cheap and there are an array of products for consumers to choose from maximizing their level of satisfaction.Some of my friends commented that China products are made from poor quality and it is not durable.But, I beg to differ.How much do they pay for the good."The more you pay the better quality of products one will receive."This statement is true provided one does not get cheated by the sales personal.To prove that I'm right, below is a concrete example to support my stand that China is thriving and the demands for China products are indeed rising exponentially.
China's exports and imports grew substantially in January year on year.
This suggested that global demand for Chinese made goods is continuing and Chinese consumers are spending too.January's exports from China were up 21%. Imports rose by almost 86%.
There is no guarantee that doing business in China is a definite profitable one.This is because countries are actually dependent on one another.Let me give a simple illustration:For example,if there is a recession in US, The incomes fall,purchasing power goes down, the demand for China goods will naturally decline too.This may results in a fall in China export revenue.
Reflection:I feel that it is essential to give face or respect to the partner or the other party when doing a business, so that in this way strong cooperation can be fostered and the business will be able to grow and last.Beside this,I also feel that when doing a business , honesty and integrity is vital.This is because if one uses despicable way to accelerate the gaining of market power, it is considered as unlawful.What is the use of making so much money through unlawful or corrupted methods, one will be living with array of emotion of guilt and fear of being pulled behind the bars one day.The law is filled with justice,thus we must uphold meritocracy and incorruptibility when doing business.Good night.
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