国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

 
Home> Latest News

Chinese companies endeavor to build up global brands

Updated: 2013-09-17 07:24
By Kathy Tian ( China Daily)
Comments() Print Mail Large Medium  Small 分享按鈕 0

If someone asked you "What country manufactures most of the products you use?" you would probably respond, without hesitation, "China".

What if the question instead was "Name a global Chinese brand?"

Go ahead, think about it. Don't feel bad if you can't come up with more than one. People would be impressed if you could identify even two.

We are all aware that these days, anything from apparel to advanced technology, medical equipment to household supplies, can be found with "made in China" on the packaging.

Despite its increasing prominence on the global stage and indisputable economic dominance, China still lags behind in building successful global brand names.

Brands based in China failed to appear on Interbrand's list of the 100 Best Global Brands of 2012. Even tiny Finland, with a population of just more than 5 million, managed to grace the list with Nokia Corp at number 19.

More astonishing, a survey conducted by HD Trading Services Inc, a marketing and brand development company, revealed that out of 1,500 Americans surveyed, 94 percent couldn't name a single Chinese brand.

"There are many hurdles to the development of global brands by Chinese companies," said Jan-Benedict Steenkamp, a professor of marketing at the University of North Carolina's Kenan-Flager Business School.

"National image is a major issue for Chinese corporations, since in the minds of Westerners, Chinese products are associated with being unreliable," Steenkamp said.

"Another hurdle is production focus. Companies from China are thinking about the market in terms of scale and mass production. To create a strong brand, the value is more important."

Being a vast country with a population of more than 1.35 billion is both a blessing and a curse for China. "This massive domestic market was enough to feed industries in the past, so companies did not feel compelled to expand into the international market," said Yubo Chen, a professor at Tsinghua University.

This situation may soon change, however, as the cost of labor in China continues to rise. China's working age population (aged 15 to 59) fell by nearly 3.5 million in 2012, significantly diminishing the supply of cheap labor.

A study by the consulting firm AlixPartners estimates that the cost of outsourcing manufacturing to China will be equal to the cost of manufacturing in the US by 2015.

"China will not be able to appeal to the price-sensitive in the future since wages for laborers are increasing and manufacturing is becoming more expensive," Steenkemp said. "The lowest-price tactic to becoming a recognized brand is a dead-end street."

How can China break through these barriers and create a successful brand in the global market?

Perhaps the key step is to place greater emphasis on the quality of merchandise rather than the price.

"China thinks about the mass markets; it does not produce for a target segment, so there is nothing special about the product," said David Reibstein, chairman of the American Marketing Association.

Previous Page 1 2 Next Page

Survey & Comments

| About us | Contact |

Constructed by Chinadaily.com.cn

Copyright @ 2012 Ministry of Culture, P.R.China. All rights reserved

奎屯市| 长子县| 玉树县| 翁牛特旗| 云梦县| 麻城市| 永顺县| 泌阳县| 广宁县| 兰溪市| 霍州市| 甘泉县| 天全县| 修水县| 公主岭市| 库车县| 梓潼县| 宜兴市| 龙胜| 元谋县| 南靖县| 财经| 宁远县| 井冈山市| 顺义区| 蓬安县| 铁岭县| 象州县| 洪洞县| 柳州市| 涞源县| 会昌县| 马公市| 宝清县| 开平市| 英吉沙县| 连云港市| 绵阳市| 彰化县| 宁安市| 南丰县|