China at the beginning of the 21st century represents a perfect storm of rapid economic development, internationalisation, and dramatic societal transformation.
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34 percent of the world population (irrespective of location, race, age and gender) are internet users. Internet has transformed the way we do business both domestically and internationally.
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Exporters to China need to learn the lessons of the evolving market in order to have success.
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Blogger Sara Cheng takes us through the changes to China’s import tariffs and explores doing business in China.
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China has been labelled as the World Factory for more than a decade. Whatever you can think of, it is most likely that you can find it being manufactured in China. However, foreign companies sometimes find themselves lost in a vast sea of choices, and could end up with faulty products imported from China or work with a “suitcase” company- a Chinese term to describe fraudulent/fake businesses.
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Business set-up in China is a big project in itself, which requires financial and time commitments, business management knowledge and China expertise. Identifying a competent agent to manage the complex process will be a cost and time effective way to avoid potential pitfalls.
Sara Cheng, Manager for Greater China, shares her eight “must-knows” before you set up the business in China.
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A potential goldmine of opportunity exist for exporters in China, in both its second and third tier inland cities. In the last decade China’s annual GDP growth fluctuated between 7.5 and 13 percent while OECD countries posted 3 to 4 percent. China’s year-on-year GDP growth for the first quarter of 2010 was 11.9 percent, second [...]
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Articles by Sara Cheng
