Consumer Trends in Chinese Business

China maintained its position in the investment of business opportunities and consumer confidence from many years. It also gained great success in global market for its business processes.

Electric Vehicle Industry

China is the world's largest automobile market with 23 million cars sold in 2018. In 2018 Chinese sales were over 1.1 million cars, over 55% of all electric vehicles sold worldwide. China's electric vehicle sales grew tenfold since 2014. We guess over 1.5 million electric vehicle cars will be sold in China in 2019. (photo from Nio ) Tesla successfully introduced its low emission and high quality vehicles in the Chinese market by the sale of 1000 models in the first two months of its business in China. The Electric Vehicle Industry introduced quality vehicles and supported luxury good consumers of China. Despite Government policies of charging Infrastructure, extended acquisition and tax break to consumers, this industry encouraged consumer trends for business.

Consumer Goods Companies

Consumer Goods Companies that introduced innovative domestic products to Chinese market are also prominent in Consumers economic trends. The expansion in the news markets and introduction of new consumer good products is the source of good economic development. International brands are able to bring their brands in Chinese market, squeeze packaging and Flavoring phenomenon's and then their centre of attention is Building Sales and Distribution. China's consumer class is growing rapidly with introducing innovative products in the global market.

Online Shopping Trend

Some of the US Online Shopping networks are very successful among Chinese consumers because of their high quality and safe products. These products might include cosmetics and make up, food products, consumer goods, clothes, shoes, mobile accessories, electronic machinery and many other things which are introduced in the Chinese market. The combined total value of Online or Home Shopping Industry was $9.3 billion. 39 home shopping networks are currently working in China through television networks. Home Shopping in China resulted in Growing Consumer Driven Economy and demanding consumers.

Fast Fashion Trends in China

China is one of the countries in the world with fast fashion trends and industry. Newly fashion trends are also the credit to highly economic state or country. Fashions products are increased with every second and are good source to facilitate and support consumers. Online Fashion trends help the users to being known about all the new trends and products in the market.

Consumer Confidence in Rural China

China's Consumer Confidence was at the highest level from 2005. One of the survey reported on China's Consumer trends shows that the China's rural areas has increased level than the national average in terms of consumer goods. Chinese Rural Consumers are optimistic for market trends and have higher income expectations from the global market. The increased investments in the field of Agriculture also help to describe and maintain consumer confidence.

Chocolate Companies

China has consumers including 1.3 billion people who are the consumers of everything from candies to cars and other products. Chocolate companies have gained success in Chinese market, China itself sell very little amount of chocolates and is therefore consumer of chocolate products. The leading companies succeeded in China's market depending on the flavors', taste buds, quality and varieties of chocolates and buyers.

Understanding Consumers' views and beliefs is also valuable in the economic growth. Some old consumers use to value money over quality. Sometimes people prefer cheap things because they don't have enough money to buy expensive and quality products.

Financial Growth of South Korea

South Korea has the remarkable history of financial development. In 1960's, this country was ranked among the poorest countries of the world. South Korea now ranks as the 11th largest economy in the world by nominal GDP. South Korea had one of the greatest economies from early 1960's till late 1990's and still is listed as one of the largest economies of Asian market as well as Global market.

Policy of Industrialization

South Korean Government play a beneficial role in the financial development by introducing the policy of Industrialization and their rare focus on the Production of Commodities for foreign markets. In 2014, through the strong firms of Exporting and Production of Commodities South Korea is ranked as the 13th largest economy with its great economic market. South Korea succeeded to expand the production processes such as Electronic Consumer supplies, cultural products, vehicles, ships and industrial goods and introduced its products to the International markets.

Export System in South Korea

Exporting of the high quality products and commodities make this country to stand among the world developed countries.

Products Exports:

In 2014, South Korea was the fifth largest economy of the world by the export of nearly $573 billion in merchandise. South Korea specializes in exporting all kind of goods including consumer and industrial products, commodities, textile goods, food stuffs and chemical products. It exported nearly $ 11,400 goods for men, women and children and these export figures are very large if compared with the U.S which exports $5100 goods in the same phase. In 2014, South Korean top exports include $56 billion Semiconductors, $48 billion Refined Petroleum products, $43.5 billion vehicles, $22.5 cargo and passenger ships and $22 billion LCD screens. Well known Semiconductors and Electronic firms of South Korea are Samsung, SK Hynix, LG, heavy industrial automotive brands like Hyundai and Hanjin Group of Companies and Auto Industry brands such as KIA Motors and Hankook Tire.

Service Exports:

The major service exports of South Korea are Transportation services and Tourism, Licensing of Cultural and Entertainment products and Financial Services. Cultural and Entertainment export products of South Korea include Music, Television and Film Licensing, which is marked as the outcome for the success of export system of South Korea for many years. Recently in 2014, South Korea exported $106 billion Service export products and get 9th position among the world largest economies. Korean TV Dramas and Korean Music became very popular across Asian regions in the late 1990's and are praised and watched in most of the regions of Asia. Blockbuster video movie, Gangnam Style is one of the great successes of South Korean Pop

Culture and success in doing great Business all across Asia:

In 2014, South Korea is ranked as the largest export oriented economy both in terms of Product Exports and Service Exports. Total exports of South Korea according to the results from the analysis of 2014 are 50.6 % of its GDP (Gross Domestic Products), which is higher from U.S, Germany and China. It shows that most of the role in the financial development is played by Exportation of products to the Asian market as well as Global market. South Korean economy fell in 2019's first quarter but that's probably a side effect from the big US led trade war that's happening.

Business scenario in India

India is one of the developed regions of South Asia. The country has a wide spread history and has business trends as well. Traditionally, people are used to trading. Moreover, the art and architecture of the region is also famous. Besides agriculture, the tourism in the country is also famous. In the field of technology and IT, the Indian government is making renovation. Moreover, the automobile industry India is also becoming popular. Hence, it is a great chance for investors to invest in India. Doing a business in India is not an easy task. Investors have to understand some rituals and customary concepts as well. Moreover, the people of the India look for servicing instead of business hence the market is open for investors to start business.

For those who want a quick success of business in India, the country is not good. However, investors who can wait and need gradual increase in their business the best country is India like France. Businesses in India don't grow fast and it takes time to make up a business in the country. Hence if you are interested to invest in the country, you have to be patient to gain the result.

Business in India is not stationary; you have to move across India to spread your business. Though the famous cities like Delhi and Mumbai are known for businesses however you have to go beyond these in order to make a good flow in your business. Conquering different parts of India will reveal lots of business sectors on you. So be ready to explore India to start a business in it.

Since servicing industry employs a great population in India, people remain busy from 9 to 5. However, the meeting over breakfast and dinner make morning and evening shifts long. You can find lots of ways to invest in India while having a 9 to 5 job.

India is full of rituals and festivals. While moving across the country you will find lots of holiday and vacation at state and local level. The celebrations occur time to time and you mind get disturbed. However, you have to make schedules for the growth of your business. Try to make meetings at the proper time and make a proper schedule against the holidays to get success in your business.

Indian market is open to explore. There are lots of sectors which are still needed to be grown up. Due to highest population, the country looks for investors in the country. Though government has opened lots of opportunities for employment, still the country needs investors for growth and development. In the past, the agriculture sector got a huge blow. The Indian Automobile Industry is also a source of growing GDP of the country. At present the IT industry is looking for investors in the country. The people are becoming more familiar with the growth of the IT industry and India is going to get a huge investment in this sector. Investors can get a great benefit by investing in this arena.

Developing Sectors in Asian World

Asia is home to developing countries. A lot of countries here in Asia are making renovations in its lots of sectors to grow their GDP. The GDP of a country depends upon growth of several sectors. Investors all over the world look for a growing sector in a country to invest. Countries which have large area for cultivation use their land to grow the agricultural land. Some countries like Japan focus on industries like automobile and aerodynamics. Mining and natural resources are also a great source for increasing GDP of a country. Asia is full of all such kinds of blessing. Lots of countries here produce agricultural products while number of other make efforts in other sectors like electronics.

Primary Sectors

Majority of Asian country rely on agriculture and mining sectors. The countries have fertile and arable land to grow lots of vegetable and crops. Many of the countries are full of natural resources which give economy a big blow.

Agriculture Sector

The largest agriculture products are grown in China, India and Russia. The countries are the agriculture kings in the area. China is leading other countries in production of rice. Wheat and corn are also grown in China at large scale. So far as vegetables are concerned, onions and cabbage are produced in the country at high levels. Millet is grown in India and Nigeria. Russia and India are also known for production of beans, barley and rye. Most of the global exports include fish and vegetables of Asian countries. Hence the agriculture sector of Asian countries can be a great platform to invest.

Mining and Natural Resources

Mines and natural resources are among the building blocks of economy of a country. In Asia lots of countries are blessed with mineral and other natural resources used to produce energy in the country. A huge variety of iron, gold, titanium, uranium and zinc are found in Russia. China imported a large sum of mineral in 2003 and 2004 which increased the value of these mines. In the southwest region of Asia, Oil is the most important natural source for growth in the economy.

Secondary Sectors

Numbers of Asian countries have manufacturing units which are great source for increase in GDP of the country. In the region east, lots of countries have manufacturing units which add to GDP of the country. Some of the top ranked countries in this arena are South Korea, Japan, China, Taiwan and Singapore. The industries produce lots of products which range from toys to computers and CD players. Japan stands at peak in the list of automobile manufacturing. In addition textile industry is equally playing its part in lots of countries to grow the GDP of the country.

IT Sector

The software and IT industry has also grown up in last decades in some of developed areas of Asia. Philippine and India are playing active role in keeping their GDP high by working in this sector. Investors have got a new field to improve the growth.