|You have probably read or heard much already about China’s recent decade of emergence into the
world economy and move towards modernization and western ways of business and industry. Many experts
believe it is real, long lasting and that the dynamics of such a large population and country will continue to
reshape the economic landscape as no other country has since the emergence of America a century or
more ago. It is becoming more evident that China got more things right in the developing world than any
other country, in such external areas as exports, investments, economic policy, currency, etc. and internal
areas as education, stability, entrepreneurship, domestic demand, infrastructure growth, etc. and continue to
benefited with low infrastructure and labor costs. And then there is the multiplier effect of the enormous size
and population of China.
There is still much development and progress to be made internally in China and that offers both
challenges and opportunities for both the Chinese themselves and for foreigners who invest in China
and par take in what China has to offer economically and industrially.
Done right, China offers dramatically lower costs and improving infrastructure and services to produce
quality manufactured goods and provide other specific services versus most other areas of the World.
Additionally, the dynamic and rapid expansion of it’s own internal markets offers opportunities for those
willing to have business transactions and involvement in China as the domestic opportunities arise.
Domestic US companies of all sizes are constantly under the pressures to improve profitability, sales and
market share. Sourcing globally in China offers significant ways for companies to diversify their sourcing
and outsourcing to start to achieve or even to fulfill these imperative and critical business demands.
|Link to: Global Sourcing
|Link to: The India Opportunity