Category Archives: Business Asia

Business Asia Buy Stock Market Chinese Economy Company Formation Control Trade Free Trade Global Economic Import Product Trade Agreement Trade List World Economy

Marketing Concepts Globalization and World Trade

The Concept of Globalization Marketing and World Trade, and to organizations that promote the freer world trade. Such opposition may come in the form of certain government interventions. There are several reasons for such opposition. First, certain occupations and industries need to be protected from foreign competition (Hill, 2004). The United States provided protection to key industries such as automobiles, machine tools and steels in the form of Voluntary Export Restraints (VERs) in the 1980s, which also protected jobs (Hill, 2004). However, such a move is not justified because the price of this product turns out to be higher than the world price by reducing foreign imports, thereby reducing its global competitiveness (Hill, 2004). Another argument related to the opposition is the need to protect the baby industry with the appropriate tariffs, import quotas and subsidies until they are developed enough to compete on the global stage (Hill, 2004). However. read more »

Business Asia Buy Stock Market Chinese Economy Company Formation Control Trade Free Trade Global Economic Import Product Trade Agreement Trade List World Economy

Hong Kong Now Become Corporate Service Center World

Hong Kong has become a service center for companies (foreign as well as those from Hong Kong) doing business in China. The economic structure has since been changed dramatically over the last decade: the manufacturing sector accounted for only 5% of GDP in 2001, compared with 14.4% in 1991, and in 2002 used only 9% of the workforce. The manufacturing sector has been superseded by the services sector is growing rapidly. Wholesale, retail and import / export trade, and community, social and personal service are the two largest sectors of Hong Kong’s services in 2002 (The Economist, 2004). read more »

Business Asia

Why Foreign Companies Often Choose Hong Kong as a Business in Asia

Invest Hong Kong and the Department of Census and Statistics, the state on the southern coast of China, has been sought after by companies and local companies who want to expand their business activities in East Asia. This study identifies new trends in multinational companies have made the investment obligation Hong Kong contacts, tasks both regionally and worldwide, while companies in China have moved here to take advantage of business opportunities and more. A good work culture face in English and Mandarin make simple movements all the time and cost of translation in the process of saving. In addition, the number of free floating dollar Hong Kong, the absence of good and services tax, profits tax and the flat rate of 17.5 percent based on the company’s operations in Hong Kong translates into economic gains, by weight, for international companies. read more »