East Asia is home to China, formally the People’s Republic of China. With a population of more than 1.4 billion, it is the most populated nation in the entire globe. China has the most land boundaries of any country in the world with fourteen, spanning five different time zones geographically.
China is the second-biggest economy in terms of nominal GDP, the second-richest nation, and the greatest economy in terms of GDP measured by purchasing power parity. The greatest exporter and manufacturer in the world, the nation has one of the fastest expanding major economies. With the second-biggest defence expenditure in the world and the largest standing army in terms of military manpower, China is a recognised nuclear-weapon state. Due to its sizable market, expanding military might, economic potential, and influence in world events, China is regarded as a potential superpower.
In the past, wholesalers were located closer to the markets they served than the place where they purchased the goods; however, with the development of the internet and e-procurement, there are more and more wholesalers in China, Taiwan, and Southeast Asia who are situated closer to the manufacturers. The wholesalers’ ability to maintain transaction costs that are competitive with the market has a significant impact on their profit margins.