China Market Entry or expanding your products or services in CHINA?
First, please ask yourself whether there are business opportunities in the China market and if it is worth proceeding with the China Market entry or whether your China entry strategy is the right one.
China Company Formation and Business opportunities in China Market - Good to know:
China is regarded as the second largest economy; As it is still in a developing stage, it will soon become the First Largest economy over the world and therefore great for China Company Formation.
China has a population of 1.379 billion people. 1 billion of people come from poor families. So, the consumption ability comes from 0.379 billion of people.
USA has 323.1 million of people.
EU has 743.1 million of people.
Second, please ask yourself how many people are in your home country?
See below (some of the well-known news about the bad products in China).
First one is 2008 - Chinese milk scandal which involved milk and infant formula, it involved 300,000 victims in China in which 6 babies died from kidney stones, and one from kidney damage. About 54,000 babies were hospitalized. Local people who asked for justice were put in jail. A criminal offence was committed called jeopardize of the country.
Also, 4 years before, watered-down milk had resulted in 12 infant deaths from malnutrition. Local people who asked for justice were put in jail. A criminal offence was committed called jeopardize of the country.
In addition, anything can be fake in China. You can find copies of, drinks, clothes, wine, or dead ducks that are sold in Five Star Hotels, etc. Local people who ask for justice were put in jail. They committed a criminal offence called jeopardize of the country.
This is why the Chinese people demand overseas products instead and possibly one of the best China entry strategies.
What are the business opportunities in China? See Next