罗兰贝格关于中国加入wto分析报告（英文）.pptVIP

The impact of the WTO agreement differs strongly between the different market participants Textile Manufacturers More exports to China Increasing investments in China Few competitive advantages (capital intensive) Apparel Manufacturers Strong increase in exports to Europe, US and Japan More license agreements with European, US and Japanese brand and non brand apparel manufacturers and retail firms (labor intensive) State Trading Firms Risking to loose their quota-selling business and profits Have to develop into regional agents or to become manufacturers Private Trading Firms Increasing market share through global sourcing network, more value added and better client relationships New market entrants in China presentation-CEMS-x The advantage of state-owned trading companies in getting cheaper quota will gradually disappear Advantage of state-owned trading companies Example - Quota structure of a state-owned company Impacts The state-owned trading companies currently still own the advantage of getting quota from the government free of charge or at lower cost Having relied on the quota protection for a long time of period, most of the state-owned trading companies haven’t established enough competitiveness for a free market competition The deregulation is the absolute trend and state-owned companies will gradually lose their advantages in quota acquisition After China’s accession to the WTO, the abolishment of quota will push the state-owned trading companies into a very unfavorable situation Free quota Cheaper quota Market price quota Profit contribution from subsidized quota: US$ 20m Example presentation-CEMS-x Apparel export is still the most important business of OIE in terms of sales and profit contribution Source：OIE, Roland Berger Strategy Consultants 1) Including Holding, Minhang, Baihe, Gaonan, apparel business of Rongheng, Pudong 2) Jiada + Jingmao 3)Including Holding, Rongheng Sales structure by business 2000 [US$ m] Operating profit structure by business