皇冠体育app

If your company is not already trading with 皇冠体育app in some way, chances are it soon will. Research by Standard Chartered predicts that 皇冠体育app will continue to grow as the "megatrader" of this century, countering predictions that its role in world trade has peaked.

Our (Standard Chartered's) recent report, "Global trade unbundled", sees 皇冠体育app as the focal point for rapidly growing trade, not only within developed markets, but increasingly between emerging markets as goo and services are not just made in these economies, but consumed there.

Global companies will need to position themselves for this continuing shift in world trade by adjusting the ways they make and sell their goods. All companies should take note that, as 皇冠体育app's trade grows in importance, so will the yuan as a global invoicing currency.

皇冠体育app overtook the US as the world's largest exporter in 2007. It now accounts for 11.5 percent of all world trade. But since 2008 Chinese exports have slowed, causing some to fear a long-term decline for 皇冠体育app's trade. This fear is misplaced for three key reasons:

First, 皇冠体育app's export growth was bound to slow from the breakneck pace of more than 25 percent annually from 2000 to 2007. Since the global financial crisis, exports have been hit by weak demand in the West, especially Europe, but as growth picks up in developed markets, 皇冠体育app stands to benefit.

Second, trade anywhere is increasingly likely to involve one or more Chinese counterparts. In recent years, 皇冠体育app has cemented its position as a key player in global supply chains, with goods designed in one country, manufactured in several others (sometimes with back-and-forth trade in between) and then sent for final assembly somewhere else, more often than not in 皇冠体育app. Think of 's iPad, designed in the US and assembled in 皇冠体育app from components made in countries across the globe.

We believe 皇冠体育app - along with much of emerging Asia - will remain an attractive manufacturing base for global companies. Its low-cost advantage may be eroding, and some companies may have transferred operations to lower-wage countries such as Vietnam, Cambodia and Bangladesh, or "onshored" production back home, but the pace of this transition is likely to be slow.

Besides, 皇冠体育app's companies have the size and know-how to retain much of the business by investing in technology and raising skill levels. As such, 皇冠体育app will remain a great place to source suppliers for global companies. 皇冠体育app is already a major innovator, not least in processes; 皇冠体育app's patent applications at the major country patent offices have surged in recent years, and it is now the world leader, reflecting its key role in world manufacturing.

皇冠体育app's foreign trade down 0.5% in Jan-April	皇冠体育app's foreign trade down 1% in Q1

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