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Impact of China’s Economy on Global Auto Industry

Impact of China’s Economy on Global Auto Industry

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Impact of China’s Economy on Global Auto Industry

Bai, X. (2012). The Effects of the 2007-2009 Economic Crisis on Global Automobile Industry. Buffalostate.edu. Retrieved from http://digitalcommons.buffalostate.edu/cgi/viewcontent.cgi?article=1001&context=economics_theses

Following the global crisis in the automobile industry between the year 2007 and 2009, several aspects of production and balancing the demand needs changed the setting as the majority of the automotive sales were shifted with the tightening of the credit and subprime-lending habits in the United States. The demand fell sharply on a global scale causing a plummeting into a decade-long period of uncertainty. The repercussions changed the decisive approaches by car manufacturers across the world. Lessons learnt from then helped formulate the perception of buyers towards industry patterns when faced with economic challenges.

Chang, C. (2016). China’s 13th Five-Year Plan: Implications for the Automobile Industry. Uscc.Gov. Retrieved from http://digitalcommons.buffalostate.edu/cgi/viewcontent.cgi?article=1001&context=economicsheses

China has instituted the 13th Five Year Plan with the aim of changing the industrial policy across board and the directive is meant to give a prominent role on domestic preference and priority on all matters of economic significance. The automobile industry is also affected from the same policy and requires astute indication of willingness to change according to innovation and domestic consumption. The article articulates the need for automobiles’ manufacturers to change tact on the global shifts in consumer spending and detailing of the necessary plan within the given timeframe. The implications will mainly deal with the purchase and overall spending within the industry.

Chu, W. W. (2011). How the Chinese government promoted a global automobile industry. Industrial and Corporate Change, 20(5), 1235-1276. Retrieved from

https://academic.oup.com/icc/article-abstract/20/5/1235/703899

The article delivers an administration’s relevance within the automobile industry while the point has been to certify the strength and send a reaction to all divisions in buyer certainty while hoping to develop income in a controlled circumstance. Nonetheless, the market requires quieting after the inauspicious levels of gages up to this point and lost strategy in effect buying and spending on automobiles. More grounded choices and plans will be required in last parts of the quarter period of each financial policy as it is a globalized problem within the government’s efforts.

Goldstein, A., Pinaud, N., & Reisen, H. (2006). The rise of China and India. OECD.org. Retrieved from http://www.oecd.org/development/pgd/36259343.pdf

The article describes the economic standing of China and India on a global scale and its effect on vehicle assembly and manufacture given that the tenets on financial overviews are all in accordance with purchaser related assembling process. It puts both nations in danger of natural altered forms regardless of the famous measures towards economic strengthening while slower credit extension and absence of monetary help has added to the non-fabricating PMI that is not empowering. Everything prompts genuine inquiries being solicited from the criticalness of money related arrangement in China as well as that in India.

Gordon, S. (2016). Global groups pay a heavy price for China’s slowdown. Retrieved November 20, 2017, Retrieved from

https://www.ft.com/content/75f1f276-bdda-11e5-846f-79b0e3d20eaf

The money related strategy across the world has a negative effect on automobile industry following the passage of the recession in China. The article also depicts a thought out procedure on the creation premise by the manufacturing plants to out-do any gaps as appeared by the securities exchanges and deficits. Rather, the dependence on send out driven development has made a disintegrating impact as appeared by the execution levels in global groups. In addition, interest for ecological direction builds the helplessness cause through aggregation after some time thereby making the automobile industry on a global scale make changes with effective policies that are binding.

Humphrey, J., & Memedovic, O. (2003). The global automotive industry value chain. What prospects for upgrading by developing countries, 2(1-2), 76-118. Retrieved from

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=424560

China, as the second biggest economy on the planet, has indicated tepid releases in the retails sales inside the economy thus affecting the value chain delivery in automobile industry. Credit offices and rates are additionally waning along these lines demonstrating there is a break in the execution reason for the money related segment. It shows a differential customer provision within the pending habits on automobiles as the liquidity concerns have seen the pioneers wander into forceful arrangements since times of retreat and stimulus packages that can strengthen the economy of the country. In turn, the global effect on automobiles will have a negative effect on the spending and credit consolidation.

Kallstrom, H. (2015). Why GDP and automotive industry growth are related. Retrieved November 20, 2017, from http://marketrealist.com/2015/02/gdp-automotive-industrygrowth-related/

The article delivers a thorough outlook on the industry growth rate in China with the basis on GDP as well as production and domestic spending as it affects the automobile industry with volume sales and retention of manufacture outcomes. The fundamental driving force must be acknowledged through changing the conventional need in fares and venture towards local utilization. There is a developing worry on rebalancing the financial viewpoint and must be actualized through an adjustment in monitor of the fiscal arrangement in China. Issues, for example, exchange surpluses have put a strain on the nation’s capacity to move towards residential utilization. In turn, the global patterns of automobiles will also have a distorted pattern if not checked.

Nolan, P. (2002). China and the global business revolution. Cambridge Journal of Economics, 26(1), 119-137. Retrieved from

https://academic.oup.com/cje/article-abstract/26/1/119/1706179?redirectedFrom=fulltext

Following the global revolution on financial activity, the automobile industry is brought into focus as it transcends to the global stage while the exercise in careful control additionally considers the need to bring all manufacturing plants that derail ecological preservation to reduce the same by fixing the guidelines that exist. In addition, strategy creators need to assume responsibility of obligation risks as well as avoidance when outcomes of the same business activities are dedicated to automobile manufacturing. It is not a simple undertaking to subject strategy usage if there is no determination from every concerned part and industry players.

Owen, B. (2015). A growing global force: China’s impact on the auto industry. Retrieved November 20, 2017, from

https://www.cheatsheet.com/automobiles/a-growing-global-force-chinas-impact-on-theauto-industry.html/?a=viewall

The consumer behaviors in the automobile industry in China influence the overall patters of business across the world. The policies and success factors are discussed in the article rendering a formative thought on ways to improve the industry. It is additionally in accordance with acquiring fundamental jolt to support the retail sales and target autonomous recuperations for credit offices. In all objectivities there is have to address the ecological effect on the monetary approaches and exhibitions up to this point. The same industry is discussed basing in mind the ecological footprint of China and its translated global output of the same products.

The Economist Intelligence Unit. (2016). China automotive. Retrieved from http://www.eiu.com/industry/article/43431188/faltering-car-market-adds-to-economicchallenges/2015-08-12

Within China’s automotive industry patterns, the article dissects the global effect as felt through consumer demands over the same products as well as generated business acumen as it contributes to volume sales and GDP build up. Ecological crackdown in China is of furthest significance particularly with the aftereffects of air contamination, fog, and urban effect. A few industrial facilities in the process should be closed down or compelled to diminish the discharges engrave in their generation premise of the economy. The automotive industry is thus affected by the ecological regulations and factory constraints. The article then recommends on changes of control to reflect on ecological needs as well as increasing competitive edges in the global stage.

Financial Times. (2017). Global economy: When China sneezes. FT.com. Retrieved from http://ig-legacy.ft.com/content/8514c0dc-17af-11e2-9530-00144feabdc0#axzz4yxEPj7sg

The periodical is a business-oriented delivery of important features within China’s economy. It then generates interests on all factors that have an upper hand in changing the automobile industry and eventual consumer habits throughout the world once the cars are sold. The global transformations will be driven through easier raw materials provision from China’s setting and outsourcing of manufacturing and assembly services. Thus, spending habits and costs will be limited as opposed to domestic growth from interested partners in the process and competition will favor China in due time.

Russo, B., Ke, T., Tse, E., & Peng, B. (2010). China’s Next Revolution: Transforming The Global Auto Industry. PWC.Com. Retrieved from https://www.strategyand.pwc.com/media/file/China’s_Next_Revolution_en.pdf

The publication is detailed in enabling an understanding of global automotive industry changes as it proposes the willingness of China’s role to cause a revolution towards the country’s interest and spurring domestic growth. On the other hand, assurance organizations of the earth throughout the years have brought stringent measures in closing down the air-end of the world impact in more than 74 urban areas. Schools are shut, transportation is conveyed to a stop, and inhabitants encounter troublesome exhaust cloud conditions and there is a genuine drop in air quality and that of water and general life reasonableness when financial centrality is organized. The changes as evidenced in the article show that the revolution of creating a target market niche by China in automobiles has to be strategic and calculated.

Shenkar, O. (2006). The Chinese century: The rising Chinese economy and its impact on the global economy, the balance of power, and your job. Pearson Education. Retrieved from

https://archive.org/details/chinesecentury00oded_1

With the bolstering in Chinese economy, the impact has transferred the impetus to other nations in the world as consumer habits towards luxury items such as automobiles are the drivers of growth and the country intends on maximizing the same. There is undermining the effect that the plants and industrial facilities’ contribution towards the general economy of the nation while the cost of their operations undermines the presence of life shapes for both present and future endeavors within the industry. The article discusses calls for moderation as the game plan can tellingly affect the financial related viewpoint of the nation while attempting to accomplish manageability. Approaches need to assume responsibility and execute similar concerns as China takes the majority share in automobiles’ sales.

Sturgeon, T., & Van Biesebroeck, J. (2010). Effects of the crisis on the automotive industry in developing countries: a global value chain perspective. Retrieved from http://www20.iadb.org/intal/catalogo/PE/2010/05542.pdf

The article looks at the effects of increased automobile industry growth alongside other issues such as energy rise as well as increased economic boost. Energy in China appears to soar each time with the interest for sustenance adequacy being at an untouched point. It also affects the fundamental generator of air contamination over a while and from projections, it does not appear to reduce all operations within the automotive industry. The global changes in the same are projected in terms of development in request through nearly 70%. The same discussion in the publication is extended on aspects of the economic relevance with China’s regulations.

Tang, R. (2009). The rise of China’s auto industry and its impact on the US motor vehicle industry. Federal Publications, 688. Retrieved from

http://www.documentcloud.org/documents/370848-the-rise-of-chinas-auto-industry-and-its-impact.html

Larger part of the car deals were moved with the fixing of the credit and subprime-loaning propensities in China as the request fell pointedly on a global scale causing a dive into 10 years long stretch of vulnerability. The repercussions changed the unequivocal methodologies through automakers over the world and emphasis by the article is in the US. Lessons learnt from that point planned the impression of purchasers towards industry designs when looked with financial difficulties. Consequently, the vehicle producers needed to change their techniques on staying important while being profitable.

Academic Resources

Holweg, M., Luo, J., & Oliver, N. (2008). The past, present and future of China’s automotive industry: a value chain perspective. International Journal of Technological Learning, Innovation and Development, 2(1-2), 76-118. Retrieved from

http://www.research.ed.ac.uk/portal/en/publications/the-past-present-and-future-of-chinas-automotive-industry-a-value-chain-perspective(26a252cc-4c3d-437f-a645-a086f5e70303).html

The publication discuses China’s capital markets need to work at levels that have diminished obligation as methods for empowering and seeing maintainability within the automobile industry. The business sectors should be driven with the catalyst put on stock numbers and offer execution coming about because of GDP action. The expanded weight of decreasing all obligation dangers is a similar reason that enterprises are driving up the natural debasement as they push up the limits of cutoff points. The article then gives an introspective look at the value chain perspective to ensure consumers are given priory and preference for the industry to maintain its productivity.

Lu, F., He, W., Cheng, Y., Chen, S., Ning, L., & Mei, X. (2015). Exploring the upgrading of Chinese automotive manufacturing industry in the global value chain: An empirical study based on panel data. Sustainability, 7(5), 6189-6211. Retrieved from

https://ideas.repec.org/a/gam/jsusta/v7y2015i5p6189-6211d49818.html

The empirical study publication talks of the value chain in customer specialization automotive manufacturing while acquiring a differential expenditure basis for customers is fundamental in the overall delivery. The requests are put on the need to bother automotive sales motivations with close exchanging partners and the outcomes from exchange deficiencies do not give a simpler option to the nation’s dependence on exporting the same cars. It will imply that the assembling lines need to expand their abilities to control off the decreased outcomes. In the meantime, it puts a difficulty on morals following the outcomes from production line action and increases all through.

Sturgeon, T., Van Biesebroeck, J., & Gereffi, G. (2008). Value chains, networks and clusters: reframing the global automotive industry. Journal of economic geography, 8(3), 297-321. Retrieved from  https://academic.oup.com/joeg/article-abstract/8/3/297/941684?redirectedFrom=fulltext

The book is instrumental in delivering discussions, which affect automobile industry through value creation, and maintaining the business clusters and networks as market examiners have a differential view concerning business in light of their interests and conceivable outcomes for the industry improvements. For example, the need to extend wage does not fit in with administration of all parts inside controls and organization. The article then provides a basis for inference on the global changes that will result from China’s automobile relevance and transformation on value creation while emphasis will be placed on reaching out to customer preferences on automobile varieties as opposed to large-scale production of prominent brands. The changes will also be felt across the world as constant globalization trends will have an influence on the automobile industry.

Timmer, M. P., Dietzenbacher, E., Los, B., Stehrer, R., & Vries, G. J. (2015). An illustrated user guide to the world input–output database: the case of global automotive production. Review of International Economics, 23(3), 575-605. Retrieved from

http://onlinelibrary.wiley.com/doi/10.1111/roie.12178/

The article is intended to give a conspicuous part on local inclination and need on all issues of financial improvement within the automobile industry of China. The vehicle business is additionally influenced from a similar strategy when input versus output is dissected. It along these lines requires keen sign of eagerness to change as indicated by development and residential utilization. The article expresses the requirement for cars’ makers to change sociability on the worldwide moves in customer spending and enumerating of the important arrangement inside the given timeframe of global overview. The suggestions will mostly manage the buy and general spending inside the business.

Zhu, Q., Sarkis, J., & Lai, K. H. (2007). Green supply chain management: pressures, practices and performance within the Chinese automobile industry. Journal of cleaner production, 15(11), 1041-1052. Retrieved from

http://www.sciencedirect.com/science/article/pii/S0959652606002411

Eco-friendly habits in business are discussed in the article with the intention of targeting the automobile industry in China. The country faced with issues of green practices can hamper the nation’s input in the industry throughout the world. Formulation of policies and regulations that determine the industry mechanics are details with the aim of improving the current practices. The changes will be felt in the global stage as concerns the consumer patterns.

 

 

 

 

 

References

Bai, X. (2012). The Effects of the 2007-2009 Economic Crisis on Global Automobile Industry. Buffalostate.edu. Retrieved from http://digitalcommons.buffalostate.edu/cgi/viewcontent.cgi?article=1001&context=economics_theses

Chang, C. (2016). China’s 13th Five-Year Plan: Implications for the Automobile Industry. Uscc.Gov. Retrieved from digitalcommons.buffalostate.edu/cgi/viewcontent.cgi?article=1001&context=economicstheses

Chu, W. W. (2011). How the Chinese government promoted a global automobile industry. Industrial and Corporate Change, 20(5), 1235-1276.

Goldstein, A., Pinaud, N., & Reisen, H. (2006). The rise of China and India. OECD.org. Retrieved from http://www.oecd.org/development/pgd/36259343.pdf

Gordon, S. (2016). Global groups pay a heavy price for China’s slowdown. Retrieved from https://www.ft.com/content/75f1f276-bdda-11e5-846f-79b0e3d20eaf

Holweg, M., Luo, J., & Oliver, N. (2008). The past, present and future of China’s automotive industry: a value chain perspective. International Journal of Technological Learning, Innovation and Development, 2(1-2), 76-118.

Humphrey, J., & Memedovic, O. (2003). The global automotive industry value chain. What prospects for upgrading by developing countries, 2(1-2), 76-118.

Kallstrom, H. (2015). Why GDP and automotive industry growth are related. Retrieved from http://marketrealist.com/2015/02/gdp-automotive-industrygrowth-related/

Lu, F., He, W., Cheng, Y., Chen, S., Ning, L., & Mei, X. (2015). Exploring the upgrading of Chinese automotive manufacturing industry in the global value chain: An empirical study based on panel data. Sustainability, 7(5), 6189-6211.

Nolan, P. (2002). China and the global business revolution. Cambridge Journal of Economics, 26(1), 119-137.

Owen, B. (2015). A growing global force: China’s impact on the auto industry. Retrieved November 20, 2017, from

https://www.cheatsheet.com/automobiles/a-growing-global-force-chinas-impact-on-the-auto-industry.html/?a=viewall

The Economist Intelligence Unit. (2016). China automotive. Retrieved from http://www.eiu.com/industry/article/43431188/faltering-car-market-adds-to-economic-challenges/2015-08-12

Financial Times. (2017). Global economy: When China sneezes. FT.com. Retrieved from http://ig-legacy.ft.com/content/8514c0dc-17af-11e2-9530-00144feabdc0#axzz4yxEPj7sg

Russo, B., Ke, T., Tse, E., & Peng, B. (2010). China’s Next Revolution: Transforming The Global Auto Industry.PWC.Com. Retrieved from https://www.strategyand.pwc.com/media/file/China’s_Next_Revolution_en.pdf

Shenkar, O. (2006). The Chinese century: The rising Chinese economy and its impact on the global economy, the balance of power, and your job. Pearson Education.

Sturgeon, T., & Van Biesebroeck, J. (2010). Effects of the crisis on the automotive industry in developing countries: a global value chain perspective. Retrieved from http://www20.iadb.org/intal/catalogo/PE/2010/05542.pdf

Sturgeon, T., Van Biesebroeck, J., & Gereffi, G. (2008). Value chains, networks and clusters: reframing the global automotive industry. Journal of economic geography, 8(3), 297-321.

Tang, R. (2009). The rise of China’s auto industry and its impact on the US motor vehicle industry. Federal Publications, 688.

Timmer, M. P., Dietzenbacher, E., Los, B., Stehrer, R., & Vries, G. J. (2015). An illustrated user guide to the world input–output database: the case of global automotive production. Review of International Economics, 23(3), 575-605.

Zhu, Q., Sarkis, J., & Lai, K. H. (2007). Green supply chain management: pressures, practices and performance within the Chinese automobile industry. Journal of cleaner production, 15(11), 1041-1052.

 

 

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