China's business model Essay Example | Topics and Well Written Essays - 2250 words

Chinas furrow good example - Essay ExampleThis number has quickly increased to at present stand at about 5.8 million workers with Africa playing host to an estimated over 1 million Chinese workers (Djik, 2009). China has experienced rapid growth that has seen the unsophisticated quickly grow to become the worlds second largest luxury foodstuff in the year 2009. The attainment of a 27.5% global luxury trade share ca mappingd the country to effectively surpass the United States and was able to come second only to Japan. This colossal growth has been seen to be quite remarkable especially in light of the countrys market consumption in in luxury products has only been in existence for a time finale of approximately 20 years (Zhang and Stening, 2009). So as to be able to critically analyze the advantages and disadvantages of the business model in use in China, it is possible to individually analyze several key aspects of the model so as to gain a better understanding of the whole model in commonplace one of these key aspects is the business models private economy. ... sses in the country, others classified as cosmos part of the private economy include the various enterprises that happen to have ratements from Taiwan, Macau and Hong Kong. This definition of private economies is seen to fundamentally leave out foreign-invested enterprises in the definition. Advantages Attributed to the China Business Model as a Result of its backstage Economy Attribute The countrys private economy helped provide a ready force market for countrys growing rural labor force. According to various government statistics, the countrys over 250 thousand enterprises that happened to be privately owned as at 1988, were able to successfully absorb over an estimated 4 million labors. This private economy was able to make better use of various resources such as available surplus expertise and labor, and funds that were not being justly utilized by the countrys state government (Chen, 1995). The Chinese business model in any case advocates for preference of Chinese workers over workers of other nationalities. This is highlighted by the approach taken by the country in regards to the various contracts obtained by its companies in other countries. An illustration of this factor being that, during the recent economic crisis that staidly crippled the economies of several markets around the world, China was seen to be relatively unaffected as it continued to invest in several countries ranging from the Bahamas across to various countries in Africa. In a recent deal portraying the effectiveness of the Chinese business model, one of the countrys construction companies was able to sign a deal in Bahamas that was it get contracted to build a $3 billion gambling aim (Dean, 2011). China was able to capitalize on this deal by insisting on bringing in its own