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China business opportunities by Innes Donaldson





China business opportunities by
Article Posted: 05/31/2016
Article Views: 239
Articles Written: 1735
Word Count: 426
Article Votes: 0
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China business opportunities


 
Advice,Business,Consumer
China represents a huge opportunity to export goods as well as import products & services. Despite attention about USA companies exporting jobs to China and the China-USA trade deficit, USA companies' exports of goods & services to China is thriving. Over the past 10 years, USA exports to China have quadrupled to approximately $50 billion - which was 5 times faster than exports to the rest of the world.

This growth of exports to China is not just coming from large USA firms, such as Motorola, GE, DuPont, United Technologies, etc. Small and mid-size companies are prospering by exporting to China. The number of small and mid-size exporters to China has grown from 3,100 in 1992 to over 20,000 companies in a wide range of market segments.

Attractive Markets - China Business Opportunities Span Broad Market Range!

In addition to well publicized growth of Agribusiness, Construction, and Energy exports to China, significant market opportunities exist for USA companies to export into China's Industrial, Medical, Telecommunications, Machine Tools, Environmental, Infrastructure, Security and Recreation Markets - just to name a few of the best export market prospects. China and Hong Kong is now the USA's third largest export partner - behind only Canada and Mexico.

China is encouraging even greater business partnership with USA companies. In 2006, China's President Hu Jintao arranged for 200 Chinese executives to visit the USA on a buying tour. Also, most USA states have trade offices which foster trade with China.

Manufacturing in China - Enormous Potential to be Globally Competitive!

China continues to be the world's destination for foreign investment. USA business investment alone is over $3 billion annually, which ranks as China's third largest investor. In addition to the Chinese government support for USA companies interested in expanding into China, there is an emergence of Chinese firms to facilitate USA Company's successful entry into China.

For USA companies, taking advantage of China's competitive market, investment incentives, and expanding local markets can be dramatic - especially with uncertain local market conditions.

Significant improvements in bottom line profitability as well as return on investment are both realistic opportunities. Perhaps the most important reason for establishing a Chinese manufacturing presence is to be close to customers who are already located in China.

Close to Customers - Improve Service to Customers located China!

Before China's entry into the WTO, China prevented USA companies from distributing their imported products or providing local repair/maintenance services inside China. Now, China allows USA firms to support both locally manufactured and imported products within China.

Related Articles - China, China Business, China Trade,

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