From the 1980’s onwards, China has secured its place as an economic powerhouse on today’s world stage. Through the economic reforms first initiated by Deng Xiaoping the Chinese economy has shown an extraordinary growth, at first fueled mostly by export. As wealth has been increased in more recent years, China has considerably expanded its consumption on the international market. In 2017, the increase in import amounts to 15,9% and has thereby surpassed export growth.
The current Five-Year plan, which came into effect in 2016, provides infinite business opportunities. Amongst Xi Jinping’s spear points are transparency and loosening restrictions, thereby enhancing China’s attractiveness for foreign investors.
McKinsey describes the coming decades as pivotal for China. Large infrastructural projects such as the Belt and Road initiative have the potential to ignite a new era of inter Eurasian trade. Furthermore, China’s dedication to sustainable development is exemplified by their highly ambitious goals for 2020. Simultaneously, a growing Chinese middle-class has transformed the nation into a consumer society. These recent developments are an explicit invitation to European companies to exchange knowledge with their Chinese counterparts.
Expanding your Chinese activities
Does your company already have ongoing activities in China and do you wish to expand? Besides offering research for potential newcomers to the Chinese market, RPM has proven to be of value for a company´s ongoing activities in China. Among the possibilities are detailed performance analyses of your operation (e.g. logistics, manufacturing, warehousing), growth strategies as well as market analyses.