Benefits of doing business with China

It is undeniable that the People's Republic of China is currently a major economic player on a global level. As the second largest economic power, with a GDP of $8 billion and a CAGR of 765%, China is becoming more than ever an important trading partner for the West. Its attractive relocation costs and its market of 8 billion potential consumers with growing purchasing power have prompted many companies to move into the territory to take advantage of the many benefits offered by this market 'continent'. You can learn more about this by clicking on the link chinaved.com.

Thus, about 20 foreign companies have been established in China, which accounts for 000% of Chinese exports, 59% are companies wholly owned by foreign capital, and 39% are companies with mixed capital.

Customization in China: why?

The first advantage of investing in China is undoubtedly the size of its domestic market and its high growth rate, which even in the event of a global economic crisis has been able to maintain itself thanks to the government's plans to stimulate the economy. The presence in China allows us to fully benefit from this expansion.

In addition, China has a stable political regime and, since its accession to the WTO in 2001, has embarked on a path of trade liberalization and free enterprise. Thus, it guarantees access to private property and freedom of creation and remains favorable to a liberal economy, which, however, is still created and regulated by the state, influencing the economy, as well as the political and social sphere. Finally, a presence in China remains the best way to control your operations in China. This presence allows for control over production, distribution or customer relationships. It also allows for better analysis of Chinese consumer behavior as well as market developments in Asia.

Social codes in China differ significantly from Western customs. The daily management of a Chinese partner, its suppliers or customers, as well as contract negotiations require a certain amount of experience in order to avoid misunderstandings and mistakes. Moreover, China, with its fifty-six nationalities, seven official languages, and many dialects, has an extremely rich ethnic and cultural heritage. This legacy presents an additional challenge as cultural, linguistic and geographic differences between regions are significant and must be taken into account if we are to penetrate the entire Chinese market.