By Jonathan Reuvid
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Additional info for Business Insights: China: Practical Advice on Entry Strategy and Engagement
While there is no shortage of opportunities, the simple message is to have a clear business objective, identify the markets and sectors with the biggest potential and utilize all the information and support resources available. The key to success in any foreign market, emergent or established, is detailed research. Feedback from the Institute of Directors’ Business Information Services suggests that members are increasingly requesting ‘an inside track’ – that is, real practical advice – on doing business in China.
6 Sources: 1979–2005 OECD Factbook 2007: Economic, Environmental and Social Statistics 2006* Coface 2007/2008# The Economist, 30 June 2007 This staggering performance is remarkable both for its relative consistency and resilience. Following the introduction of open-door policies, notably China’s 1979 Joint Venture Law, the economy took off through the 1980s until the blip of 1989/90, reﬂecting international fallout from the Tiananmen Square incident. After picking up in 1991, the economy powered ahead, risked overheating in the 1993/94 period and suffered a modest setback only from the Asian ﬁnancial crisis 1998/99.
1 billion). 2 billion) are sourced from Japan and other Asian countries, with the EU25 supplying rather more than the United States. 7 billion). The United States is a net importer of non-electrical machinery from China as are the other Asian territories, but Japan exports less than a quarter in value of its export to China. 8 billion. Almost all imported equipment is sourced from Asia with more than three-quarters coming from countries other than Japan. China’s main export markets are the other Asian countries (nearly 50 per cent) with most of the remainder sourced equally from the United States and EU25.
Business Insights: China: Practical Advice on Entry Strategy and Engagement by Jonathan Reuvid