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Opportunities & Challenges in the China Market
James Chan, Ph.D., President Asia Marketing and Management October 22, 2008 IFAI Expo, Charlotte Convention Center Charlotte, NC
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Three Phases of Trade with China (in billions of US Dollars)
(1) ; (2) ; (3) 2002 to present
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Wall Street Journal, July 29, 2008, page A9
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Wall Street Journal, August 30, 2008, page A7.
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China Graduates 350,000 Engineers Each Year Compared To 134,000 in the U.S. (in thousands)
Source: National Bureau of Statistics of China
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China’s Share of World Scientific Literature: 1979-2007 (<1% in 1981 to 9% in 2007)
National Science Indicators, Christopher King, Thomson Reuters.
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Chinese R&D Centers China graduated 19 Ph. D
Chinese R&D Centers China graduated 19 Ph.D.’s in 1983; in 2007, it graduated 50,000 (same as in the U.S.) Source: National Bureau of Statistics of China
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China Has One Lawyer Per 10,000 People (1:300 in the U.S.)
Source: National Bureau of Statistics of China
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Chinese Industrial Fabrics Market
Annual textile market: 36 million tons Industrial fabrics: 5.4 million tons (15%) Growth rate: 10% Annual import: $1.2 billion (23% from the U.S. followed by Germany, and Japan) Growth areas: civil engineering, automobile, water treatment, sanitation, agriculture and fisheries
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Beating the ‘China Curve’: Key to Success
Sales Time
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Building Relationships with Your Partner
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Visiting Your Partner’s Factory
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Your Partner May Be Your Competitor
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Cultivating Insiders
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Learning the “Unspoken Rules”
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China Is An Anthropocentric Culture
2008 Standing Committee of the Chinese Political Bureau
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