China had made a name for itself in recent years in economic and quality aspects, which is why business people from across the world are flocking to have business involvement. With a population of over one billion and a fast growing economy, China is definitely the next best place to acquire quality goods from. China’s economy is the fastest growing and second largest economy worldwide. China’s also known to be the largest importer and exporter of goods in the world. You’ll never miss a ‘Made in China’ product in most western countries. Besides, China’s economy is diverse.
Hence, you can exploit an opportunity from all the key sectors. China offers many business opportunities to both foreigners and local people. However, the level of success depends on your strategy. In China, some of the major sectors currently experiencing rapid growth are: processed food and beverages, gambling, transport, IT and telecommunications, minerals and energy, environment protection, building construction products and services. Three of the major growth industries though are the exporting of education, processed food and wine products.
Education advantage
The foreign education sector in China is split in two - students studying abroad and foreign education service providers establishing a presence in Shanghai. The type of students interested in Australia includes those who desire pure language study and those who wish to study university degrees right through to post-graduate/MBA studies etc.
As the cost of overseas study remains high, pursuing qualifications through foreign accredited institutions in China has become more practical and more popular. Course delivery can take two forms. One is the foreign school catering exclusively to expatriates, who can be wholly foreign owned and the investor need not be an education entity. The other is a co-operative arrangement or twinning with a Chinese institution where local students are the target markets. These schools are encouraged to provide vocational education. Foreign investors must have a Chinese partner who can lodge an application with the local education authorities for approval.
Processed Food advantage
As Chinese become more prosperous, demand for more sophisticated products, with a greater emphasis on quality, convenience and freshness continues to grow. This means that considerable unsatisfied demand for elaborately processed foods exists.
There has always been a stable market for imported foods in China, especially in respect to hotels, bars and western style restaurants. Increasingly, Chinese consumers themselves are becoming to lay great stress on brand and brand loyalty than before. This means that companies with a strong international brand and aggressive marketing strategies continue to hold large market shares.
Foreign companies that have been given permission by the Chinese government to set up supermarket chains include Yaohan, Wellcome, Parkson, Park 'N Shop, Careful, Pricemart and CHC. These companies are setting up supermarkets in a limited number of locations. When China enters the WTO (maybe sometime in 2000), it is hoped that official policies on foreign supermarket operation in China will be less regulated.
Import and export trading advantage
Small businesses in China that involve trading are usually profitable as they create business opportunities locally and internationally. According to latest business ideas, import from China findings, China was ranked as the largest exporter of goods. It’s easy for one to build a successful trading business.
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If you have further inquires, please do not hesitate to contact Tannet at anytime, anywhere by simply visiting Tannet’s website english.tannet-group.com, or calling Hong Kong hotline at 852-27826888 or China hotline at 86-755-82143422, or emailing to tannet-solution@hotmail.com. You are also welcome to visit our office situated in 16/F, Taiyangdao Bldg 2020, Dongmen Rd South, Luohu, Shenzhen, China.
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