The present study is an exploration of the international business potential of China with other countries in the Asia Pacific Rim and vice versa. Moreover, the study employed a descriptive design in order to thoroughly explain all factors that account for economic conditions of the country.
The facts presented in this research states that China is one of the widely growing economies in the world as manifested by its increasing GDP rates throughout the years. Nevertheless, the country did not reach this status without difficulty for it has been under a lot of political and economic challenges throughout its long history. Up to this time, China still experiences certain difficulties especially in terms of unequal distribution of wealth and income.
[...] The design is advantageous in explaining international business potentials of China with the countries of the Asia Pacific Rim and vice-versa. Moreover, by employing quantitative analysis, the trends especially with regard to GDP rates, PPPs and other significant economic figures are examined with ease but with accuracy. This is important because the investor has to see how far the economy is performing not just domestically but also internationally. Another advantage of this kind of design is that the investor can see right away the importance of facts, without having to analyze complex correlation between different variables. [...]
[...] Rationale of the Study Due to the fact that China has shocked the world with its economic progress through years, the investor considers venturing on a business in China and in its neighboring countries in the Asia Pacific, as what many international companies already did. However, because this is a huge investment in question, the investor cannot afford to take chances by impulsively establishing a business without scientific grounds especially that the global market can be unpredictable. In response to this concern, the researcher conducts this study in order to focus attention on the business environment of China through gathering relevant facts, some of which are already presented previously. [...]
[...] In addition to this, the present also recommends that the next researcher who will be probing on this aspect conducts a first-hand data gathering, that is, not just relying on primary and secondary sources but conducting an on field study. This may be done through wide-range surveys administered to domestic and multinational companies in China and in the neighboring countries mentioned. Also, it may be helpful as well to extend beyond the four mentioned countries, Philippines, Malaysia, Indonesia and Korea, to other nations in the Asia Pacific. [...]
[...] Table Regional and Sectoral Distribution of FDI in China Of which Source: Almanac of China's Foreign Economic Relations and Trade and China Statistical Yearbook (various years) In addition to this, although South Korea is one of the major sources of China's foreign direct investments, the country still have other strong business relations with other countries in the Asia Pacific. For instance, “historical documents prove that the peoples of the Philippines and China have enjoyed extensive economic ties as early as the 7th century” (Philippine Embassy Beijing, 2006a). [...]
[...] Moreover, among the Asia Pacific Rim countries that the investor is considering establishing a business in, Philippines has the lowest gross domestic product (GDP) while South Korea has the highest next to China. Therefore, there is a huge potential of business success in South Korea, considering that they have, more or less, stable economy. However, the rate of GDP should not deceive the investor for making decisions right away, other factors should also be accounted for such as the industries available, equality in income distribution and of course trade policies. [...]
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