Preview

Swort Analysis of China Industry

Powerful Essays
Open Document
Open Document
2306 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
Swort Analysis of China Industry
SWOT analysis of china’s textile industry

SWOT SWOT S W O T STRENGTHS WEAKNESSES OPPORTUNITIES THREATS

Strengths, Weaknesses, Opportunities and Threats (SWOT).
SWOT analysis is a tool for auditing an organization and its environment. It is the first stage of planning and helps marketers to focus on key issues. SWOT stands for strengths, weaknesses, opportunities, and threats. Strengths and weaknesses are internal factors. Opportunities and threats are external factors. REF:marketingteacher.com/lesson-store/lessons-swot.html China's textile and apparel export trade, SW analysis of the internal environment

STRENGTHS:
i) The world’s largest textile economy
CHINA’S GDP 2010-2011:
GDP (purchasing power parity): US$9.872 trillion (2010 est.)
GDP global rank: #3 (behind the European Union and the U.S.)
GDP, real growth rate: 10.3% (2010 est.)
GDP, per capita: US$7,400 (2010 est.)
Labor force: 819.5 million (2010 est.), #1 global ranking
Population below the poverty line: 2.8%
[ Source: CIA World Fact Book, accessed 2011 ]

In 2000, China topped Italy to become the world’s sixth-biggest economy. In 2005, China overtook France to become the fifth-largest. In 2006, it moved up again by knocking off the U.K. In 2007, China became the third-largest economy by topping Germany.
[CIA World Fact Book; Fortune “China is richer, but most Chinese are still poor” Feb. 17, 2011 ]

REF:www.china-mike.com/facts-about-china/economy-investment-business-staics. ii) it became the biggest exporters of textiles and clothing;
The textile industry in China posted a 23.59 percent year-on-year increase in exports to $206.53 billion in 2010, with exports topping the $200 billion mark on a recovery in demand, reports China Business News.

Of the total, exports of textile and fabric increased by 28.44 percent to $77.05

You May Also Find These Documents Helpful

  • Satisfactory Essays

    Mcdonald's $1.00 Menu

    • 356 Words
    • 2 Pages

    SWOT (strengths, weaknesses, opportunities, threats) analysis is a tool that should allow us to understand better the impact of this decision and to anticipate the future direction of their business.…

    • 356 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    References: Anonymous. 2010. ‘Can China Become the World’s Engine for Growth?’. The International Economy. 24(1): 8-36.…

    • 1673 Words
    • 7 Pages
    Powerful Essays
  • Good Essays

    To begin with, China’s economy is one of the best in the world now, these are all owing to the first wave of economic liberation in the late 1970s. From…

    • 710 Words
    • 3 Pages
    Good Essays
  • Powerful Essays

    China’s influence in the world economy was minimal until the late 1980’s but we are now seeing China being one of the most independent countries and leading the manufacturing producing market. China started with a fragile economy with minimal infrastructure from frequent revolutions and invasions in 1949. In the early 1980’s, China’s economy was still extremely weak as a result of its inward looking government system of a socialist planned economy under the Mao government. This resulted in living standards below world averages and economic growth at nearly zero. China has risen from the edge of economic obscurity to lead the world in terms of economic growth, and this is done is just over a quarter of a decade. The People’s Republic of China has transformed from a planned economy into a socialist market economy and is now the world’s second largest economy to the USA being number one, by nominal GDP at $7.3 trillion and by purchasing power parity (PPP). “Pay attention to what’s going on in China. “ – Jeff Mbanga – The Observer.…

    • 2351 Words
    • 10 Pages
    Powerful Essays
  • Better Essays

    o China’s government exported $762 B worth of goods in 2005 – an increase of 28% from the past year…

    • 3373 Words
    • 14 Pages
    Better Essays
  • Good Essays

    The Socialist market economy of People’s Republic of China (PRC) is the world's second largest economy. It is the world's fastest-growing major economy, with growth rates averaging 10% over the past 30 years. China is also the largest exporter and second largest importer of goods in the world. It is the world's fastest- growing major economy, over the past 30 years. China is also the largest exporter and second largest importer of goods in the world.…

    • 2238 Words
    • 9 Pages
    Good Essays
  • Powerful Essays

    China's Economic Growth

    • 2515 Words
    • 11 Pages

    In current time, the population of China (2010) reached more than 1.34 billion (National Bureau of Statistics of China, 2011). In addition, China’s economic growth in last three decades is remarkably fast. The GDP growth rate in China from 1978 to 2005 is estimated at more than 9% a year (Hu & Khan, 1997, Pg.1) while growth rate in US during same period is counted at nearly 3% (U.S. Census Bureau).…

    • 2515 Words
    • 11 Pages
    Powerful Essays
  • Powerful Essays

    China's economy is huge and expanding rapidly. In the last 30 years, the rate of Chinese economic growth has been almost miraculous, averaging 8 percent growth in Gross Domestic Product (GDP) per annum. The economy has grown more than 10 times during that period, with Chinese GDP reaching 3.42 trillion US dollars in 2007. China already has the biggest economy after the United States and most analysts predict China will become the largest economy in the world this century. In 2010, China’s GDP growth was 10.456 percent, totaling US$ 5,745.13 billion, and is expected to increase 11.79 percent in 2011 to US$ 6,422.28 Billion. Forecasts for 2015 predict China’s GDP to reach US$ 9,982.08 billion, growing 10-12 percent per year between 2010 and 2015. China’s population in 2010 was 1.341 billion, and its expected to grow to 1.375 billion in 2015. In 2010, China’s unemployment rate stood at only 4.1 percent, decreasing 4.65 percent from the previous year and expected to decrease further to 4 percent in 2011. Forecasts for 2015 predict China’s unemployment rate to remain at 4 percent from 2011 to 2015.…

    • 1345 Words
    • 6 Pages
    Powerful Essays
  • Best Essays

    China economy

    • 2583 Words
    • 11 Pages

    Since opening and reforming the market in 1978, China has turned from a plan economy to a market based economy system and achieved a high performance development of economy and social. It can be seen from that China has maintained its growth of gross domestic product (GDP) at a high level of 10 per cent one year and lifted more than 500 million people out of poverty, besides China has achieved or are within reaching its all Millennium Development Goals (World Bank, 2013). Due to the rapid growth of economy and the largest population of 1.3 billion populations, China now has become the second largest economic entity (Fenby, 2013) and produces an increasingly essential influence to the global economy. However, China still cannot step into a developed country and the market of China also needs to be reformed further. In addition, according to Central Intelligence Agency (2013), China’s gross national income per capita of 9300 dollars only located at 124th in the world. Furthermore, there are approximately 128 million people in China’s rural areas who live under the national poverty line of RMB 2300 per year (nearly 1.8 dollars a day) and 100 million more than under the previous standard (The Guardian, 2011). Besides, China also has the second largest poor population after India which means reducing poverty still should be remained as the primary objective for China (World Bank, 2013). Rapid developments of economy not only bring financial achievements but also cause several challenges such as demographic issues like baby boomers and Gen…

    • 2583 Words
    • 11 Pages
    Best Essays
  • Powerful Essays

    China Textile

    • 2467 Words
    • 10 Pages

    Abstract In China, the textile industry consists of six sub-industries: cotton, chemical fiber textile and printing and dyeing fine processing; wool dyeing and fine processing; linen textiles; silk fine processing; finished textile product manufacture and knitted and woven product manufacturing. The textile industry is the China's traditional advantageous industry, playing an important role in the national economy. China is the largest production and export country of textiles and clothes. In 2011, the output value of the textile industry accounted for 7.11% of China's GDP. On one hand, textile products are significant foreign trade products of China, occupying an important position in Chinese foreign trade; on the other hand, as a labor-intensive industry, the textile industry provides China with a lot of occupational opportunities, while as the major raw materials of garments and other daily-used products, the development of textile industry also determines the supply-demand relation and price change of garment industry, and other industries. In 2009, with the deterioration of economic situation, the Chinese government issued a large number of industrial supporting policies including constant increase of export rebates, Planning on Adjustment and Promotion of Textile Industry, the exemptions and deductions of exit & entry quarantine fee, etc. In 2011, the sales revenue of China's textile industry was CNY 3,277.3 billion, with an increase of 25.68%…

    • 2467 Words
    • 10 Pages
    Powerful Essays
  • Satisfactory Essays

    China is in big trouble

    • 545 Words
    • 2 Pages

    Start with the data, unreliable as they may be. What immediately jumps out at you when you compare China with almost any other economy, aside from its rapid growth, is the lopsided balance between consumption and investment. All successful economies devote part of their current income to investment rather than consumption, so as to expand their future ability to consume. China, however, seems to invest only to expand its future ability to invest even more. America, admittedly on the high side, devotes 70 percent of its gross domestic product to consumption; for China, the number is only half that high, while almost half of GDP is invested.…

    • 545 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    SWOT analysis is a comparison of strengths, weaknesses, opportunities and threats that helps employers formulate strategies to improve the business of the company.…

    • 1652 Words
    • 5 Pages
    Powerful Essays
  • Powerful Essays

    Textile and Garment can be taken as relatives performing in the same fraternity. Both industries depend on each other however one main difference between these two sibling industries arises at the very grass root level. Textile is more capital-intensive that is it require huge injections of finance and technology while the garments side is more labor-intensive and depends on human resource making it cheaper of the two options (strictly in the case of developing countries where labor is cheaper than machinery). The market for these two industries is colossal, thanks to the basic human necessity of hiding bare bodies. Global garment exports are valued at $ 310 billion and top 15 clothing exporters account for 80% of the exports. EU is the biggest exporter while China is second biggest exporter.…

    • 10102 Words
    • 41 Pages
    Powerful Essays
  • Good Essays

    In July 2007, an article in The Washington Times noted that “China, this year for the first time, has dislodged the United States from its long reign as the main engine of global economic growth, with its more than 11 percent growth eclipsing sputtering U.S. growth of about 2 percent, according to the International Monetary Fund’s 2007 projections…"…

    • 653 Words
    • 3 Pages
    Good Essays
  • Satisfactory Essays

    China is one of the fastest growing economies. It is the world’s second largest exporter and third largest importer. It has the world’s largest standing army with…

    • 426 Words
    • 2 Pages
    Satisfactory Essays