China has recently become the production hub for the entire world. Countries like India, Taiwan, Malaysia, Thailand are all lagging behind China. China is the number one choice for world leading corporations in the United States, Japan, Germany, the United Kingdom and Australia. China was the most populous country in the world for centuries, but it was in the second half of the 20th century that its population really exploded. Rooms have more than doubled from 582 million Chinese in 1953 to more than 1.3 billion today. Now, one in five people around the world is Chinese. (Harriot, 2009 : 45)
To obtain a quantitative assessment of the cost of entry, it is important to adopt a "cage" structure, which was developed by Professor Pankaj Ghemawat of Harvard University. The name "Cage" is taken from the initial letters of the following: (1) Culture (2) Administration (3) Geography (4) Economy
According to Professor Ghemawat, when the company is considering moving into foreign markets, it is necessary to evaluate the differences between their homeland and the country in which he intends to move in the above four aspects. As differences between the two larger countries, it would probably be more difficult for companies to do business in this country. To do this, we calculated the "Cage score" by calculating Moreover, China's population is ideal for growth. Seven out of ten Chinese people aged 16 to 64, while the average age is 34 years. China's labor force of more than 800 million over twice as much as the United States and the European Union combined. In 2009, China is forecast to overtake the U.S. as the largest producer in the world.
Virtually unlimited source of economic growth drives labor in China. Hundreds of millions were ...