International Business Law

Summary Beijing Shougang Co., Ltd. is a Chinese steel governmental party. The go with had a healthy mart place helping in domestic and unusual prior to the financial crisis; also, the saleroom was increased from 2006 to 2007. They going global were for expanding market and gaining more profits. low the 2008 global financial crisis, the in all steel enquire was decreased sharply, and market was fluctuation. In addition, the conjunction encountered round difficulties. The unconnected orders were decreased, the switch rate was fluctuated and on that point was unskilled debt of fee for goods. For coping with the crisis, the club should expand the worldwide market by means of overseas M&A and export geographical diversification. Furthermore, the company should change to produce diversification product to generalized dread disorder the foreign demand; plus, the company should sign the frontward change over contract to avoid currency risk. In the future multinational development, the company will encounter supranational policy risks, such as trade barrier. Therefore, the company should get on the product caliber to increase the strength in worldwide competition. 1. Introduction Beijing Shougang Co., Ltd. is a Chinese steel company. in the lead the financial crisis, it had a considerable market shargon and saleroom.

Moreover, it has been gnarly in the international market, and there are some reasons for company going global. In the global financial crisis, the company was face up an austere situation; plus, it encountered some difficulties, such as foreign o rders decreased, bad debts of payment for go! ods and exchange rate risk. Furthermore, there are some suggestions about how the company to expand the international market and to avoid some international risks after this economic downturn and in the future. 2. The introduction of the company In 1999, approved by the Beijing Municipal Industry and handicraft Administration, the Beijing Shougang Co., Ltd. was ceremonious; plus, Shougang is...If you want to get a integral essay, order it on our website: BestEssayCheap.com

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