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China's Dominance in Export Industry: Features, Supply Chain, and Evolution of Imports and Exports

   

Added on  2023-06-10

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CASE STUDY
China's Dominance in Export Industry: Features, Supply Chain, and Evolution of Imports and Exports_1

Table of Contents
QUESTIONS...................................................................................................................................3
Q1. FEATURES AND TYPES OF GOODS THAT IS CHINA, A WORLD LEADER IN..........3
Q2. CHINA'S SUPPLY CHAIN OF EXPORTS AND WHO ARE PROFITING FROM THESE
SUPPLY CHAINS...........................................................................................................................4
Q3 EVOLUTION OF CHINESE IMPORTS AND EXPORTS......................................................5
China's Dominance in Export Industry: Features, Supply Chain, and Evolution of Imports and Exports_2

QUESTIONS
Q1. FEATURES AND TYPES OF GOODS THAT IS CHINA, A WORLD
LEADER IN
China has become the world leader in export of products and is one of the largest
industries in the market which has a dominance in the export industry. There are different types
of products that are popular in which China specializes and has a competitive advantage in the
global market. The major goods that China is a world leader in are garments, footwear, plastic
products, phones etc. due to its large production sector and cheap labour available in the market.
The country has disrupted the world market and has gained dominance over big nations in terms
of export. China has given competition to various developed nations and has become of the most
important distributors in the global industry.
The nation has developed advanced technology in order to operate large factories and
organization for effectively producing and supplying the products in the market. It has a positive
impact on the overall economy of the nation a significant percentage of the overall GDP depends
upon the production sector of the country. Various nations are interested in buying products from
China as they are available at reduced rates to the people. Big brands are purchasing different
types of products such as electronics, textile, leather etc. due their easy accessibility in the
market. China has come out as an export leader having a large industry which is dedicating in
production and supply of products in the global market.
The availability of products at cheaper rates is one of the most attractive feature of the
China market. It has been the major reason for the interest of companies towards importing
goods from China and gaining advantage in the industry. This factor highlights the significance
of the price factor in order to conduct the overall business practices in the work environment.
The another factor is the high quality of products provided by the nation which is another factor
which is considered by the countries while procuring goods from China. The high quality
products may attract the customers which is helpful for brands in order to gain competitive
benefit in the market. The capacity of the nation to produce products is huge and it can export
goods in large quantities to the nations. It is beneficial for the business in order to increase their
consumption with the availability of their desired quantity of goods. China is becoming one of
the most important nations, which the world depends upon their imports and gaining a better
response from different companies which has a better advantage on its overall success in the
China's Dominance in Export Industry: Features, Supply Chain, and Evolution of Imports and Exports_3

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