Why this country is selected using the pestle analysis

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Reference no: EM133539378

Question: Provide a brief profile of the China.

Explain why this country is selected using the PESTLE analysis (See below). Make sure your points are supported by in-text references.
3) Key Recommendations
Provide key learning lessons and recommendations (suggest 3 to 5 recommendations) on how
the selected company can succeed in this new market.
REFERENCE LIST

China's emerging economy status, it excels as a primary global market for electric vehicles (EVs). It holds the leading position in EV manufacturing, as argued by Alsauskas et al. (2023). This robust demand
is further evidenced by the country's extensive network of EV charging stations. Additionally, China is the global market's largest trading partner for electric vehicles (Alsauskas et al., 2023). Alsauskas et al. (2023, p.
105) also argue that Japan has an advantageous position to capitalise on the expanding EV car market. Likewise, the International Trade Administration (2021) suggests that Japan's EV market is experiencing vast
growth in an emerging economy such as China and a developed economy such as Japan will be analysed through the prospects of policy, economics, social, environmental, legal and technology.

 

Reference no: EM133539378

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