THE ACTIVITY AT A GLANCE
On April 10 , our guest experts will address a number of aspects of doing business in China. Join us and evaluate the potential of this market for your business.
You can talk to the speakers and entrepreneurs in attendance about their respective sectors and benefit from their advice about the best business development strategies.
A UNIQUE OPPORTUNITY TO…
- Understand the business context in China and its evolution
- Identify business opportunities for your company in China
- Evaluate your development strategy for the Chinese market
- Hear accounts from Quebec entrepreneurs who have succeeded in this market
- Meet potential partners and key stakeholders for your projects in China
- Evaluate the potential of this market for your business
- Understand the challenges and issues for Quebec companies
A booming market, the Chinese economy has a growth rate that, in spite of a slowdown in its export markets, is holding strong (fifth in the world according to 2013-2015 World Bank forecasts, performance not seen in any other industrialized country). The transition from an economy driven by investment to growth led by domestic consumption affords greater opportunity for Quebec companies prepared to fill existing needs and create new ones.
This rapid growth, particularly in urban areas, results in booming consumption of high-end goods and services. The management consulting firm McKinsey forecasts that by 2020, the income of over half of urban households in China (calculated based on purchasing power parity) will propel them into the upper middle class, a category that barely existed in China in 2000. Members of this emerging class are already demanding innovative products that require an engineering and manufacturing capacity that many local producers still do not quite have. In 2020, the Chinese middle class represented around 700 million people.
With an increasingly accessible market with plenty of challenges, the Chinese government has demonstrated its commitment to improving the business environment for overseas companies by reducing barriers to foreign investment. For example, these efforts are apparent in simplified registration procedures and other policy innovations initiated in the China (Shanghai) Pilot Free Trade Zone.
|China at a glance:
- The world’s leading economic power
- An incredible domestic market with increasing demand for quality products
- A population of close to 1,357 million people
- A growing middle class that will reach 700 million in 2020
- A meteoric rate of growth, around 8% annually
- Quebec’s second leading trading partner, with $2.4 billion in exports annually
- A business environment that is increasingly favourable to foreign companies
WHO SHOULD TAKE PART?
Entrepreneurs who want to break into the Chinese market or who already have a presence on the market and want to learn more about it.
Companies in the following sectors will find it particularly worthwhile:
- Consumer goods
- Agri-food and bio-food
- Health and medical technology
- Clean tech
- Information technology and telecommunications
- Building materials
- Natural resources
- Oil and natural gas
- Mines and metals
- Businesses with experience on the Chinese market
Enjoy a front-row seat for all the economic news from China.