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Chinese trade apush
Economic importance of transportation in the economic development of a nation
The significance of transportation to economic development
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The country that we chose to operate our business is China. From 1949 until present, it is categorized as People's Republic of China. It is a sovereign state in East Asia. China is recognized as the most populous nation in the world. According to research, the population of China in 2014 was estimated at 1.39 billion. In 2014, China had been listed as the world's second largest economy by the nominal total GDP and also second highest purchasing power parity. China is Malaysia's fourth largest trading partners among all the countries.
Tourism
The main reason we choose China to operate our business is because China has many attractive places, historical buildings and also inspiring landscapes that are always the tourism hot spots for tourists
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Focus on the transportation in China; it has plays an important role in the growth of economic as it is very convenience for everyone to get to the place they want. For an example, in China, they had built an effective extensive transportation network since twenty years ago. It is very easy for the passengers to travel from up north to down south or from east to west. Tourists love to travel in a place where they feel comfortable in dong everything. Relaxing and sensational trip is always what they want. With that, if a country has perfect transportation, tourists will be more interested to pay a visit rather than a country which is not well developed and has no transportation for the tourists to travel from one place to another. To wrap this point up, good public facilities such as transportation will indirectly causes the growth of economic of country which directly causing the growth of our business if we start our business in …show more content…
This agreement is to enhance the economic cooperation in the part of investment and trading good and services between countries. Malaysia is one of the members of ASEAN. The free trade agreement provides an opportunity for companies to reduce cost and increase overall price competitiveness and profitability when doing business with China. It is an advantage for our company to do business in
China’s physical geography affected the development of its early civilization. At one point in time, China was isolated from other civilizations and they had no idea what trade or other culture was. However, China was a very self sufficient civilization. China had everything they needed and were technologically advanced for the time period. This meant that they had no need to interact with other people for what they needed.
To conclude some recommendations to the British firms who are intended to expand business into China.
...st and stand in the world. It is predicted that China will one day be the largest economy growing country in world. They continually growing and rebalancing their world to be the best. The growth of economy will depend on the Chinese government comprehensive economic reforms that more quickly accelerate in China transition to a free market economy. The consumer demand, rather than exporting the main engine of economic growth; boost productivity and innovation; address growing income disparities; and enhance environmental. (Morrison, 2014,para2)
It is the world's second largest exporter of Iron and Steel, and its major export is steel for China. They were also the host of 2014 FiFA World Cup and the 2016 Olympic games. Which brought a lot of tourism into the country.
China is a country with a vast cultural and historical background. It is a country with four billon people with extreme cultural diversity, which is nourished by different philosophies of its own. These philosophies are the beginning ideas of Chinese morality and spiritual belief, which were enriched by different intellectual heroes like Confucius.
With a population of 1.357 billion (2013)3, China is the most populated country in the world. Along with the huge population comes a market that is unmatched by any other country of the world. Both domestic companies and foreign companies want to tap into this large market that just recently embraced capitalism and entered into the World Trade Organization.
Reasons why I would like to put my company in china is because the population continues to grow labor and agriculture will grow as well and mass
The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.
Its phenomenal success is because it developed some suitable public policies, which were the perfect fit for the situation in China. In the last few years, China has had a remarkable economic development and has come to play an increasingly significant role in our world economy.
Free trade can be defined as the free access of the market by individuals without any restriction or any trade barriers that can obstruct the trade process such as taxes, tariffs and import quotas. Free trade in its own way unites and brings people together. Most individuals love the concept of free trade because it gives them the ability to move freely and interact in the market. The whole idea of free trade is that it lowers the price for goods and services by promoting competition. Domestic producers will no longer be able to rely on government law and other forms of assistance, including quotas which essentially force citizens to buy from them. The producers will have to enter the market and strive into to obtain profit.
Economic growth is one of the most important fields in economics. In current generation economic is developing well. Economic growth is really important to country and for the world as well. Economic are one of the identity for country because it shows a country development and attraction for other countries (F, Peter. 2014). For example well economic develop such as Singapore, Dubai, New York, and Japan. These countries are well develop and maintaining their economic growths. Economic growths are really important because higher average incomes enables consumers to enjoy more goods and services. Then, lower unemployment with higher output and positive economic growth firms tend to utilize more workers creating more employment. Enhanced public
Tourism is a typical activity of fashion that the public participate widely and it has grown in importance over recorded human history. Innumerable articles refer tourism as “the world’s largest industry”; policy-makers, analysts, and scholars often speak of the size of the tourism compared to that of other industries (Smith 2004: 26). These series of misleading statement, together with the mass media’s reports (out of context), make the idea that tourism is a single large industry branded into many people’s minds. However, in this essay I will demonstrate that it is a simplistic and misleading idea, which should be replaced by the plural term, “tourism industries”. Moreover, tourism is not the world’s largest industry, but largest service sector.
The Philippines is endowed with abundant natural resources and one of the world’s richest diversity of fertile lands; flora and fauna; heart seizing scenic beauty; diverse culture; indigenous etiquette. A country blessed with astonishing natural environment along with the country’s hospitable and pleasant people has made it one of the major tourist destinations around the world. Tourism is one of the major contributor to the economy of the Philippines. Its beaches, mountains and rainforest are among the country’s natural tourist destinations. Aside from these, its rich historical heritage, diverse culture and traditions, festivals and celebrations, native foods and delicacies are endemic additions to the Philippines’s tourist captures.
Tourism is the journey of people to destinations outside from their normal places of work and residence area. Tourism also the activities that they do during they stay in the selection destinations and the facilities created to serve for their needs. Tourism is the monetary value that tourists spent in the visit to the destination.
In recent years, business tourism has become increasingly prevalent and prevailing in the tourism industry. There are large quantities of significant changes which have far-reaching implications for all consumers and suppliers of business travel such as consumption patterns, great developments in transport and communications technology, and the world´s political and economic changes related to tourism industry. All these developments have brought large effects on business travel as well as the main challenges to this sector for the coming years. Every day, tens of thousands of people are beginning or ending their business trips all around the world, while numerous conferences or exhibitions are being held globally, so business tourism is a