The decision for E*Trade to expand into China is a crucial and challenging process. There are many factors to be calculated into the decision in order for E*Trade and China to benefit from it. E*Trade has proven for over a decade that it is extremely successful and has been tremendously valued by it's users. It has done so by not only being an entrepreneur in the United States creating the most affluent online banking system, but it has also done so by expanding into many countries around the world. Japan, Germany, Sweden, the U.K., Australia, Denmark, and Canada and even Hong Kong are benefiting from E*Trade's sophisticated and convenient service, which has all taken place within just over ten years. The major question now is whether or not they should expand into main land China; since by doing so they face major risks and very large hurdles.
Since 1992, China has been taking very large steps in the effort to encourage foreign investment from other countries.
English: A large temporary monument in Tiananmen S...
English: Location_of_the_First_Congress_of_the_Chi...
The Museum of the First National Congress of the C...With this amendment to their political system, China has been able to flourish into one of the fastest growing economies in the world, and currently is the fastest growing economy in East Asian countries.
China's high-tech industry is also growing rapidly. They are in the process of transforming from an agricultural society to a much more industrialized society. In doing so, E*Trade will have to enter into the adoption of a high-tech industry in China immediately in order to gain advantages over competition flirting with the idea of entering China.
With the increase of a global economy, China has been forced to change their legal policies towards favoring foreign investment and issue new laws to attract economic development. In doing so, they have completely revised their patent laws, and are in the process...
Great perspective...
That was a close to perfect essay on the pros and cons of what will/what is happening with the rapid expansion E*Trade in China. This essay covers most the effects that e-trade will have on china with a lack of bias.However i believe that this essay can be improved if the author(depending on his/her situation) would add the effects on chineese society(chineese people would become more modern),the effects on american/european economies, and also the issue of creating a minuman wage for the common chinnese worker throgh a treaty. And also about the issue of how the computer trend is. In India for example there was this computer boom and because of this many yound people started taking computer education in colleges, but what happened then was that there was a rapid decline of the computer trend and many students were stranded without a job. you see in countries like china, india the greatest influence that a student can have in choosing his carrier is money and that is a problum. And finally i would rate this essay about 9.2/10. Every pice of literature ever written cannot explain every aspect of it's subject and this is no exception.
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