China is one of the biggest potential
markets in the world. In terms of population the country exceeds
the United States by four times. However, this over-simplified
market analysis is too often the only basis for companies
moving into China.
The reality is American companies
continue to have mixed experiences in China. Some have been
very profitable, while despite huge investments some of the
most internationally sophisticated companies continue to lose
money. The potential of the Chinese market is undeniable,
but considering the vast majority of the population is rural
farmers, the real size of the market is extremely limited
for years to come. This said, the very real and exciting development
regarding China, is its ascension into the World Trade Organization
(WTO) in December of 2001. After all, China is the fastest
growing economy in the world, and it is now the seventh largest
trader.
Simply put, you can probably not find
a greater divide than that of the western and eastern mindsets.
To be successful in China, this tremendous gap must be carefully
considered and bridged.
Fortune 1’s network and experience
in China ensure your market is thoroughly investigated. We
work with you to pre-qualify potential business partners,
and craft agreements that assure you will be paid, and that
minimize misunderstandings between the parties.
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