The United States is the most open market in the world, with the annual trade volume more than 1,100,000,000,000 U.S. dollars. The United States is China's major trading partner. Now the total volume of products that are made in China importing into the United States is more than 100,000,000,000 U.S. dollars. These products are consumer goods, mostly through a number of intermediate links into the United States. Many Chinese factory productions and the market are out of touch. They lack understanding of the international market, which requires enterprises to know more about the international market. Large capacity of U.S. market The United States is the world's largest consumer goods market. First of all, it is because of strong spending power of Americans. The annual income of Americans per capita is more than 30,000 U.S. dollars. Secondly, strong sense of the American consumer contributes a lot by not only saving less and spending ahead but many people holding quite a few credit cards. The third is to update Americans on consumer goods faster, a lot of daily use no more than a year, not because they are often old and out of buying a new, but because of "new and hate the old" fresh face fashion, holidays or discounted goods would give rise to the wishes of their purchase. Finally, because the United States has high labor costs, with wages higher than 5 U.S. dollars per hour, and some industries and regions is higher than 10 U.S. dollars per hour wage, so that the United States and more labor-intensive consumer goods production has been transferred to other countries and regions. So the market in the United States needed to mainly rely on imports of consumer goods for daily use, but also considerable demand for imports. On th... ... middle of paper ... ...ted States as a whole season, usually the total annual sales One-third. U.S. importers to import orders are in accordance with its domestic sales to a seasonally organizations, such as missed sales season, sales of these products will be difficult, and this means that the year from the U.S. market, and even competitors for a long time out of the market. That is why some Chinese enterprises, if not in accordance with the contract delivery date, not only money but also get fined. In addition, there are many festivals in the United States, such as Valentine's Day, Mother's Day. At that time, gift sales provide a good opportunity for business. U.S., as a big immigration country, brings all different traditional festivals from different nationalities together to create various consumer markets. Merchants are trying to promote their products through traditional festivals.
Trade is essential to overcome the dollar gap that prevented foreign marketing of United States goods (Melanson and Mayers, 159). There are many economic issues which face the nation at this time. A recovery from World War II and the Korean War, a recession, a change in the political party of the president, and several other issues. Thus, this must be a time of strong economic leadership. The policies made and legislature passed must steer the United States through this apparent storm and give the nation a chance to rest from the hecticness of the first half of the century.
However, American consumerism was praised as contributing to the ultimate success of the American way of life. People wanted televisions, cars, washing machines, refrigerators, toasters, and vacuum cleaners (PBA). Between 1945 and 1949, Americans purchased 20 million refrigerators, 21.4 million cars, and 5.5 million stoves (PBS).... ... middle of paper ...
On the heels of war, new technology caused a decrease in prices of goods in the 1920’s and in the 1950’s the GI Bill increased income. The bureaucratization of business in the 1920’s meant that more people could be employed in higher paying white-collar jobs than before, including, for the first time, housewives. This new income combined with the reduced prices for goods that resulted from mechanized production, assembly lines and a general decrease of the cost of technology created a thriving consumerist middle class that went on to fuel the economy in all sectors, especially the upper classes. Likewise, during World War II Americans saved up around 150 billion dollars, and this sum combined with the income of the GI Bill allowed normal people to buy expensive things, from houses to cars to electronics to educations at a rapid rate, fueling the trademark prosperity of the 1950’s. The new automobile culture of the 50’s spawned new businesses that catered to mobile Americans, such as nicer and more standardized hotels like Holiday Inn, and drive-up restaurants like McDonalds. Just as the culture of the 1920’s was transfo...
US-China Business Council, Inc. "US-China Trade Statistics and China's World Trade Statistics." US-China Business Council. 1 March 2010 .
understood through graphical representation. One should graph the supply of Chinese goods and services and demand for Chinese products by other countries. As Chinese policies are placed in effect the supply curve shifts to the right because of improved quality standards and higher production capabilities. Open-Door policies also indirectly increase the demand for Chinese goods and services due increased Chinese competitiveness on foreign markets.
America was on fire during the period of excitement. These new inventions were making home life easier for women and more enjoyable for the men. Not only were American families buying these new trinkets but they also started purchasing stock in companies at an increased rate. A commodity that was available before the war but not readily accessed, now became as high as seven million Americans buying and owning company stock after the First World War. With the purchase of automobiles, washing machines, and stock families were still not making enough to keep up. Even though the wage market had increased, the need for fancy things made it almost impossible for a family to have enough money left over to survive. This demand for the goods but not enough money produced a technique used by manufactures to bring in more customers, consumer credit. Today this method of shopping is used by every American everywhere at some point in their lives. Consumer credit is what is known today as a payment plan. A buying strategy that we all use today, payments, actually came about in the decade after World War I.
Economy and materialism are concepts that come up every day in the life of Americans. Those who are not from America may think the way Americans live is strange and wasteful and they’d be right in their thinking that. Americans are consumed by consumerism and the need to buy things because there is always some new and improved version of what was purchased two weeks ago. Although it is said that Americans are too materialistic, the truth is that materialistic does not quite cover the near obsession with the latest and greatest that Americans have.
Holidays have always been known to affect our consumer culture for many years, but how it all began eludes many people and very few studies have been completed on it. Even though some say that the subject is too broad to precisely identify how holidays, especially Christmas, directly affect our market, I have found that people’s values, expectations and rituals related to holidays can cause an excessive amount of spending among our society. Most people are unaware that over the centuries holidays have become such a profitable time of year for industries that they now starting to promote gift ideas on an average of a month and a half ahead of actual holiday dates to meet consumer demands.
Shirley Ye, Sheng, and Yan Ma. "China Vs. The United States: Market Connections And Trade Relations." International Journal Of China Marketing 2.1 (2011): 45-57. Business Source Complete. Web. 13 Dec. 2013.
A major powerhouse that pushed the boundaries during the early 20th century—especially during the 1920s—was the United States. After coming out of World War I victorious and with relatively little losses, the United States’ post-war economy was the epitome of consumerism. As the cost of production continued to drop, items once thought of as a luxury, such as vehicles, became within the price range of everyday consumers. The trend began when Henry Ford created the assembly line and continued to pick up momentum as the century progressed.
The current trade imbalance is caused in large part by intrinsic features of China's labor market and consumer base. The vast majority of China's 1.3 billion people still live in rural areas. China has, by some estimates, a surplus rural labor force of 120 million people, many of whom migrate to industrial centers to look for factory work, and drive down wages. As long as wages are low, the United States will continue to gobble up products made in China, while Chinese consumers will prefer to buy cheaper, homespun alternatives to American products. The rise in trade deficit with China has come at a cost to jobs in the United States, accordin...
In November of 2004, the United States ran a fifty-four billion dollar trade deficit, translating to over 600 billion for the entire year. This deficit is a result of the disparity between the amount of goods that the US imports and the amount it exports. To equalize this deficit in its current account, the American government sells assets from its capital account, often to foreign investors. This phenomenon is seen as a serious threat to the success and continued growth of the nation’s economy, tied in with popular concerns that the United States is losing its competitive and dominant edge in global economics. The traditional economic theory employed to solve this problem calls for a return to mercantile protectionism, through use of tariffs and subsidies to drive up the price of imports and lower the price of exports. Running contrary to this is a second option: increasing domestic savings and lowering government spending. These theories both aim to decrease American dependence upon foreign imports and investment, and ultimately equalize the enormous trade deficit that currently exists.
consumption in America has changed drastically over the last hundred years. This is due to
The 4 market structures in relation to the benefits and costs to the consumer and producer
China has also expanded their trading industries with countries such as South Korea, Japan, Taiwan, ASEAN, India, Russia and Hong Kong. This has not satisfied the Chinese greed for income as they also export and import goods to American countries, name...