Doing Business in China: a Country Commercial Guide for U.S
Doing Business In China: A Country Commercial Guide for U.S. Companies INTERNATIONAL COPYRIGHT, U.S. & FOREIGN COMMERCIAL SERVICE AND U.S. DEPARTMENT OF STATE, 2006. ALL RIGHTS RESERVED OUTSIDE OF THE UNITED STATES. • Chapter 1: Doing Business In China • Chapter 2: Political and Economic Environment • Chapter 3: Selling U.S. Products and Services • Chapter 4: Leading Sectors for U.S. Export and Investment • Chapter 5: Trade Regulations and Standards • Chapter 6: Investment Climate • Chapter 7: Trade and Project Financing • Chapter 8: Business Travel • Chapter 9: Contacts, Market Research and Trade Events • Chapter 10: Guide to Our Services 1/27 /2006 1 Return to table of contents Chapter 1: Doing Business In China • Market Overview • Market Challenges • Market Opportunities • Market Entry Strategy Market Overview Return to top • China acceded to the WTO five years ago and is currently in the process of completing a seven -year transitional period. Overall, the Chinese economy has shown exceptional economic growth over the last five years, closely associated with China’s increased integration with the global economy. Many American companies have benefited from Chinese economic growth, as evidenced by rapid and sustained increases in U.S. exports to China. U.S. exports to China increased 28, 22 percent and an estimated 19 percent in 03, 04 and 05, respectively. In 2005, China surpassed the U.K. to become our fourth largest export market. • Meanwhile, China's macro economy continues to grow robustly. According to China’s National Bureau of Statistics, China’s economy increased by 9.8 percent in 2005. Total retail sales rose 13 percent last year and are expected to continue to rise rapidly in 2006 as a result of increased consumer credit, expansion of the retai l sector and increased income in rural areas.
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