Well-developed economies try to grow their businesses, fixate on emerging markets, and see trade with China as a golden opportunity. But what business opportunity does China offer?
First of all, we must understand trade with China in terms of imports and exports because it is important to know what trade opportunities China has. One of the main opportunities China offers is its ability to manufacture goods cheaply. With wages less than a dollar an hour, trade with China can undermine any other supplier simply because of low cost and better efficiency. Korea, Bangladesh, and other countries are trying to embrace low-end manufacturing, while China offers higher quality standards, better work environment, motivation, creativity, sophistication, and complexity.
In fact, the biggest business opportunity China offers is export. China’s local consumerism is growing rapidly and purchasing power increases significantly over time and the Chinese are hungry for international brands due to the substandard image of local brands and the superior image of international brands. Many international brands have recently started trading with China successfully.
In trade with China, the demand for luxury goods is high. This is obvious due to China’s economic success and high GDP. A recent study reveals that there are around 128 Chinese billionaires. This is a huge number and gives a clear idea of why the luxury goods trade with China is so important.
Countries with strong beverage industries are doing their best to take advantage of business opportunities in China by offering beer, wine, spirits, and other similar products. And certainly the Chinese are showing great interest and response to these drinks and their taste.
Business opportunities in China in real estate are also very vital and of great importance. A few years ago it seemed that real estate investment meant guaranteed success. Typically, people exploring business opportunities in China’s real estate were frightened by reports of declining prices and laws. Many key buildings on land in major Chinese cities are said to be practically empty, but these comments stem more from a contrary provision than a moral conviction. In fact, investing in real estate in China is very good and this sector also has great potential in the future.
Franchising is also an important dimension when it comes to trading with China. In the recent past, many of the major European giant brands that were reluctant to enter the Chinese markets through franchise started their business doing so smoothly and successfully.
Legislation has improved in the last decade and is now more supportive of international investment compared to the past. The law on copyright and patents is more applicable now. Furthermore, the infrastructure sector has been revolutionized. The development of mass transit, bullet trains and modern highways shows how China has grown in the last ten years.
Energy, mineral rights, healthcare, engineering and information technology are areas of special interest in trade with China, according to current headlines and trends. Come and make the most of the business opportunities in China that await you.
China can be very difficult Market for a new international Brand, it is not an easy Market but it is the most dynamic market in the world and offer huge opportunities for international Brands able to able to Chinese Demand.