Lulu PLC Clothing Manufacturing In China Essay Example | Topics and Well Written Essays - 2000 words

Lulu PLC Clothing Manufacturing In China - show ExampleThis research will begin with the statement that Lulu PLC Company is a textile club specialized in the manufacturing sector and is based in the UK. In the late(a) years, the company has engaged in business relations targeting international market. Recent developments led to the company developing a manufacturing plant in China. Rapid economic growth and industrial development lay down been witnessed in China in the recent past. China is ranked third from the U.S and Germany in the rankings of worlds trading nations. Business organizations intending to exploit business opportunities in China has a mandatory task to understand the prevailing business environment as this may have profound consequences in business development. The Cultural and political environment in special(prenominal) greatly affects any business performance. The government of the Peoples Republic of China has over measure developed a market economy in the s ystem, which is dominated by socialist characteristics. Socialism in China advocate for collective or state ownership of economic resources and their distribution. Equal opportunities to all modify the mode of production. This poses a challenge to Lulu Company in that it may take time to begin with adjusting to the common ownership and sharing of production resources. Clothing and textile industry has been in the lead among the industries that have dominated the economy of China. She has been a leading country in supplying the world market with the commodity.