All entries for Tuesday 14 October 2008

October 14, 2008

Summary for group work& welcome buffet

Follow-up to A new start from Wei's blog

Group exercise:

Comparatively,the group work today is much easier than yesterday with straigtforward and logical instructions by which conclusion are shortly summaried below for Team C:

1):The exports to the US will be reduced undoubtly which may result in excess in production in domestic market, thus the consequence would be price decline in local market.

2):The Janpanese producers can still compete with other suppliers to the US market, besides the countries like Canada,Mexico and Brazil which tariff are not as high as Janpan etc,due to the high capacity and market shares before. EU and other countries with similar tariff might have intensive competition in this case.

3):In short,if the exports from Japan decrease significantly, the total output of Japanese steel is certainly be reduced.Japanese steel manufacturers must look for alternative ways to compensate the losses.

4):The Japanese producers will be significantly effected by the loss in the US market but won't suffer if actively consider focusing on other markets.

Welcome buffet:

buffet+Juice+meet people+write down the name of 40 countries through their national flags+chat with tutors or representives

=1.5 hours

See what I ate:)

:)


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