China is the great economic success story of the past 30 years. Since the “reform and opening-up” policy was introduced in 1978, China has changed beyond recognition. A Soviet-styled planned economy has transformed into a vibrant market-orientated economy and 600 million people have been lifted out of poverty. Between 1985 and 2010, 70% of the world population who had been lifted out of poverty were Chinese. Without China, the global poor population would have risen by 58 million.
Well known for its manufacturing capability, China is the largest global producer of toys, textiles, washing machines, cameras and computers (among hundreds of other products). It is also the world’s largest consumer of iron, steel, coal and cement, and China’s hunger for raw materials continues.
While the rise of China is easy to acknowledge, businesses constantly need to catch up with the speed and depth of change and development in China’s large and complex market space. Whether selling, trading, investing or franchising, China offers opportunities in abundance to UK companies, large or small. It is therefore worth contacting the CBBC to assess the very latest updates and opportunities available across China. See: www.cbbc.org for more information.
About This Guide
This guide aims to provide an introduction to various aspects involved in doing business with China, and contains a wealth of information on market intelligence, overviews of business opportunities in 2nd and 3rd-tier Chinese cities, an insight into China’s middle-income consumers, practical guidance on developing a regionalised marketing strategy, as well as sector briefing, key business considerations and challenges, practical advice and best practices, and also lists of useful contacts both in the UK and in China. It also gives a brief overview of both Hong Kong and Taiwan as potential gateways into the Chinese market. Much of the content is based on that provided by UK Trade & Investment and the China-Britain Business Council. You can access all this and further business information, research reports and the latest business opportunities on their websites – see the Resources section at the end of the guide.
The main objective of this Doing Business in China Guide is to provide you with basic knowledge about China; we do not pretend to provide all the answers in the guide, but novice exporters in particular will find it a useful starting point.
To help your business succeed in China we have carefully selected a variety of essential service providers as ‘Market Experts’ – Click Here
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UK Trade & Investment – It's Everyone's Business
Source - UKTI
Doing Business in China Guide Market Experts - Please click on the logos below to view our Market Expert profiles and to find out how they can help you to succeed in China!
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