PEST analysis

1. Social factor

1.1. the change of lifestyle and culture

1.2. a lot of educated and uneducated people

1.3. the second largest population in the world

1.4. labor force is inexpensive

2. Technology factor

2.1. manufacturers have an advanced technology

2.2. high level of technological development

2.3. advanced telecommunication industry

2.4. advanced information technology industry

2.5. the aviation market is large and growing rapidly

3. Political factor

3.1. the largest democracy in the world

3.2. the logistics system complicated and insufficient

3.3. corruption

3.4. infrastructure and transportation are developing

4. Economic factor

4.1. it will be like China

4.2. level of GDP growing

4.3. small and medium firms arise

4.4. decrease in the inflation rate

4.5. attractive opportunities for the foreign investor