Despite its huge market size, China offers various new opportunities and scope for development but there are certain challenges which need to be addressed as well. There is a need for China market research in order to tackle issues and finding the key drivers of growth which encourages overall development in Chinese market.

China Market research would include in-depth market understanding using industry research, product survey, competitor study, consumer research, business risk analysis and return on investment investigation, etc. Most of the multinational companies always face issues like inadequate data of past and present businesses, dilemma in entry strategies, lack of access to distribution channels, difficulty in finding the trustworthy business partner which can actually help the entrant in creating synergy, and cultural differences.

An effort on the part of company in order to tackle above issues may help in creating foundation and reducing business risk while entering the Chinese Market. Market Research has revealed few growth drivers for the socio-economic development of China. These include high inflows of Foreign Direct Investment, scintillating growth in consumer spending and government’s increasingly market focused economic policy.

Market research could prove to be a versatile tool for helping companies in understanding the Chinese Market, developing and executing market strategies in order to create sustainable and successful businesses in China.

China is one of the top players in international trade and most of the major B2B marketplaces worldwide have originated due to evolutions and innovations in the Chinese market and most of them belong to the China. The list of top 10 Chinese B2B marketplaces comprises of top players focusing on different businesses.

Alibaba is the global leader in B2B e-commerce. Marketplaces like ECVV-‘Challenge you Trading’ leads the chart of international trade information providers and it helps to source highly qualified products and suppliers across the globe.

To empower Small and medium enterprises (SMEs) and providing them with a reliable access to B2B ecommerce activities, Taiwantrade and DIYTrade.com were developed in China.

DIYTrade was launched with the name eBigChina.com and it became merchants’ best website for product sourcing and selling through use of advanced technology platform and better market strategy.

Made-in-China.com is a world leading B2B portal which bridges gap between global buyers and suppliers of China by offering a platform for communication and accurate info database.

BusyTrade is viewed as ‘one-stop, all inclusive’ provider and offers trading info exchange service, online/offline promotion services.

Trade TTLighting86.com.cn, OnChina, Trade AA BRB marketplaces are amongst the top B2B marketplaces provides an integrated trading platform for global purchasers and suppliers.

Even after such an international embarrassment, the international companies haven’t seemed to pull out their production facilities from China for the simple reason that they want to maximize their profit with the country’s explosive growth. The low cost of production ensures surefire guarantee of profit; the public opinion or the lack of governmental red tape and regulations do not dissuade the international heavy hitters from withdrawing their production.
The low wages and lack of regulatory oversight makes China a powerhouse to do business with.

It is important to know the laws as well as the rules and regulation of the city you choose to launch your business in China since the law enforcement and interpretations of laws and regulations varies from city to city. You can take help from China business consulting firms that help companies with comprehensive consulting and investment services to increase profit and achieve success or you can establish your business with the help of a Chinese partner who would be aware of all the local laws and their enforcements.

Be sharp and be vivid, so that you will never be spoofed.

There has been a collapse in exports which has slowed down China’s growth already.  Investing in China during recession would be indeed taking a risk. In spite of economic downturn, the optimistic prediction of China predicts a 6.7 to 8% economic growth in 2009 which would be still less as compared to the decade average of 11% growth.

There are some sectors in China that are mature, resulting in higher entry barriers and thus restricting scope for new business entries. The sectors which don’t have high barriers often have so much of price fluctuations that the profit margin is very little as compared to the effort put in for investing in China during recession.

Even though China boasts that it will have a golden era and will enjoy the global superpower status, with the current global economic recession and fragile political economy, total stability in the economy seems to be frail.

Investing in China during recession is something that is not risk free and any investment made has to be continuously monitored and evaluated, so that you may exercise an early bailout if needed.

If you are ready to face the risk, in case of serious happenings, you can make your investments right away. In case, if you are little puzzled, then be sure and think twice before you invest your money.

There are numerous benefits of doing business with gold members. They are the ones who have already been verified by reputable third-party credit reporting agency. You will get in-depth information about the potential supplier such as quality standards, certifications and management details.

The profiles of Gold member would reveal details like amount of experience, contact details with regular updates which help a lot in making a deal happen. A virtual tour of the potential Supplier’s company can be done through Gold Membership. Gold Membership provides a sense of credibility to the Gold Supplier.

It is viewed that more than 85% of buyers loves to do business with Gold members. You may own website on this marketplace and other selling tools. Your TrustPass certification after clearing authentication and verification procedure conducted by third party provides transparency in trading deal and raises fewer buyer concerns.

Gold Suppliers can have wide variety of options like posting of unlimited amount of products online as compared to very few available to free members. Their posting will have higher priority in buyers’ search results along with promotion on Alibaba’s homepage.

Gold Membership offers an opportunity to distinguish your business and make better deals. Apply for it today!

Or you have it already?

You need to do bit of homework before you business travel in China. It is always better to visit certain websites to be prepared for anything that can go wrong. For instance, credit cards are not widely used in Chinese mainland. So either cash or alternative dispersal arrangements should be made prior to visit. Don’t forget to take a business card from hotel employee immediate upon arrival.

All business persons need to wear a suit and tie to show respect while dealing and there is special gift giving to business partners in china which indicates harmony. White, black or blue paper should be avoided while wrapping as they are associated with funerals.

Several others China business travel tips includes learning even some basic greetings in local dialect can prove to be booster in relationship building. You need to be prepared for new things such as culture differences and while talking politeness and talking slowly to business partners makes a lot of sense. Make sure you always travel with the first-aid kit as you may face difficulty in finding health products. While on business dinner, you will be served as the honored guest by your host and table manners are quite relaxed in China as compared to west.

And don’t forget to have everything Insured and have contact info tag on it! These China business travel tips are not only crucial for your satisfying experience but will also keep you away from anything wrong.

What have you learned from your experience? Let’s hear it in the comments.

The rules for business and foreign investments have seen marked changes. There has also been a constant transition in tax rates as well as technological transfer fees.
All these changes would indeed directly impact your business firm in meeting it’s objectives in the China market.

For particular business assistance, you can right away avail the help of China business consulting firms, as they grant the best guidance faster than any one.  Before getting advice, be sure that the firm you choose is legitimate and worthy. A China business consulting firm has experience in market monitoring to navigate your business firm through the complexities of their business maze and thereby helping in establishing profitable China operations within your speculated time period and that too in a cost effective manner.

China business firms have an exceptional knowledge of the business world and the intricacies therein, in the Chinese market both from an operational and technical perspective.
They have extensive experience in launching and managing operations in China, whether you need to set up sales and distribution network, establish supply chains, carry out financial analysis or attain diligence on acquisition and partner targets.

China business research firms can gear up to meet your specific range of requirements as well as criteria and would deliver the information within the time frame given to them. They can assist you whether you are seeking to sell goods and services to Chinese buyers, sourcing manufacturing capacity in China for your products, looking to invest in Chinese business or simply looking for reliable Chinese business partner.

Chinese business research firms will deliver cost effective solutions to your questions and problems without getting behind a glossy presentation and cultural confusion and would show you the real positioning and standing of the Chinese business as well as yours in the China market. Hiring the services of a China business research firm shall certainly act to your advantage since you would have full information about the ever growing business world of China from sources with the right mix of knowledge and connections within the Chinese industry.

If you are a novice with no resourceful potentials, then the stupendous assistance of the China business research firms will help you to gain adequate knowledge. With no doubt, you will be benefited with the best level and standard!
What do you think?

P.S. Just in case you represent a China business research firm we would like to hear from you (free ads!)

After China opened its doors to foreign business in 1978, business opportunities in China have become more attractive ever since. Now with fewer restrictions on foreign investment, new infrastructure, supply of abundant raw material with cheap labor, it is the ripe time to invest or acquire business in China. It has become easier to establish your business in China and leverage its facilities, resources and networks to produce low cost manufacturing products and then exporting those products to the global market.

There is a lot of potential to make profit directly or indirectly from the Chinese market. Some sectors which have major business opportunities in China are retailing sector, manufacturing sector, automotive sector, chemical sector, biotech and medical sector. You may also exercise the choice to establish a trading business. Whatever the choice may be, if due diligence is done. China is there to offer the rewards.
You can at least try with it to experience the remarkable opportunities that this land offers. Good luck will definitely work, and just be ready to give your try.

How often do companies find themselves in tight spot to find Chinese wholesalers? It is very difficult for multinational companies to look for legitimate Chinese wholesalers. No doubt that the advent of internet has made the job easier for companies to find Chinese wholesalers online but keeping in view several frauds and scams happening online, the task is never a cake walk.

It is easier to find wholesalers when companies know what product are they looking for. It calls for a cautious approach on the part of companies to find Chinese wholesalers as for some businesses it is considered as the backbone and your image of being a reliable, fast and cost efficient service provider is very much depended on it.

Using online directories, specifically online marketplaces can be the most reliable ways to find Chinese wholesalers as they provide accurate info and complete profile of various kinds of merchandise. The browse option of category wise search can prove to be vital as you can easily search for the wholesalers who are in the same business.

How do you find your suppliers? Let’s hear about it in the comments.