Nike Moves Forward &Nbsp; Expects To Double Its Business Performance In Three Years.
July 8th salary increases, forcing
Nike
And other companies migrate from China to other Asian countries.
On the other hand, with the increasing purchasing power of Chinese people, these enterprises are beginning to increase their product marketing efforts in China.
According to today's chart, according to Nike annual report, Vietnam surpassed China last year to become Nike brand.
Gym shoes
The largest supplier.
Below is a picture of per capita GDP of China, Vietnam and India based on purchasing power parity. The figure shows that the purchasing power of the Chinese is two times that of Vietnam and India.
The data came from the world bank.
CharlesD.Denson, President of Nike brand, said Nike took nearly 30 years to make greater China.
market
The income reached 1 billion dollars, and in the 2010 fiscal year, the income of the Greater China market doubled again. This time it took only three years.
He predicted that Nike's revenue could double in two to three years.
Bloomberg data show that in the last fiscal year, Nike's pre tax profits in the Greater China region accounted for 21.5% of the company's total profit, even though it accounted for only 9.9% of the revenue.
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