Insights China McKinsey Consumer & Shopper Insights March 2012 Meet the 2020 Chinese Consumer Yuval Atsmon Max Magni Lihua Li Wenkan Liao The authors gratefully acknowledge the assistance of their colleagues: Molly Liu, Cherie Zhang, Barry Liu, Rachel Zheng, Justin Peng, William Cheng, Glenn Leibowitz, Joanne Mason. 5 Contents Introduction 1. China at a turning point 2. Getting the basics right: changing demographics Mainstream consumers driving income growth Aging population
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Hong Kong is believed the world best location in the world to startup a foreign business. Due to Hong Kong provide a clean business-friendly environment, a stable government fiscal and the advantage of its location. In addition, with the sustainable growth of the GDP and the simple tax system with its low tax rate which made it an attractive place for investment. However, the highly polluted environment and the over-heated real estate would be a big concern for Hong Kong government. In addition
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Examine the effects of globalisation on China The process of globalisation in China has been a rapid one. China’s exponential growth since the fall of Mao has lead to increased international influence – with China now operating on an international scale. Economically globalisation began in 1978 following Deng Xiaoping’s Open Door policy. This opened up China to foreign investment and the international markets. This lead to an influx of transnational corporations, which was advantageous to Chinese
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a portmanteau word that refers to China and India together in general. The credit of coining the now popular term goes to Indian Member of Parliament Jairam Ramesh.[citation needed] China and India are geographically proximate, are both regarded as growing countries and are both among the fastest growing major economies in the world. Together, they contain over one-third of the world's population (2.5 billion). They have been named as countries with the highest potential for growth in the next 50 years in
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PESTLE Analysis of China * Political: * China set to focus on supporting domestic brands and creating more appeal for domestic brands, this will mean naturally less support for exports and overseas brands * Single child policy means that consumers aged between 18 and 30 are likely to have savings from past generations passed down to them * Economical: * China has had the highest average yearly economic growth rate between 1980 and 2004 of 9.8% * In 2011 unit
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Part 2 Introduction China’s export growth and penetration have been remarkable. While China was basically a closed economy 30 years ago, it is now the leading exporter to Japan, the second leading exporter to Europe, and the third leading exporter to the US. This surge in exports has been accompanied by growing trade imbalances between China and the rest of the world. China’s global current account surplus equaled 9% of Chinese GDP in 2006 and 11% of GDP in 2007 (Thorbecke & Smith, 2010). These
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Introduction Foreign exchange is essentially about exchanging one currency for another. The foreign exchange market is global, and it is conducted through the internet, over-the-counter (OTC) through the use of electronic trading platforms, or by telephone through trading desks. Some shorten the term to “forex” or “FX”. The OTC market is also known as the “spot”, “cash”, or “off-exchange” forex market. (A spot transaction refers to an exchange of currencies at the prevailing market rate
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Islamic Banking in Western China Group Paper 3 Group 4 November 6, 2014 Banking in some form has been around for thousands of years. It started small with loans of food or some other valuable product in local villages and has now evolved into the global industry we know today. There is a newer kind of banking that has seen a surge of acceptance from across the world, and that new kind of banking is known as Islamic banking. Islamic banking is a fairly new alternative to western banking
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The BRICS economic success formula will continue to be imitated by aspiring economies in the developing world and particularly in Africa! The term ‘The BRICS’ was first quoted in Goldman Sachs report which was published in 2001, this term is an acronym for the emerging developing countries which are Brazil, Russia, India, China and South Africa (Wilson & Purushothaman, 2003, p. 2). In the last decade, these countries have been successful in the global economy and many developing countries across
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