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While U.S. shelves bulge with Chinese made goods, China's imports of
U.S. made products are also growing, doubling since 1990, to make
the country our fourth largest trading partner. Given China's WTO
membership, the 2008 Olympics and strong economic growth, shouldn't
you be headed to China with your order book? It depends. Watch this
video and help determine your readiness for the China market.
In Beijing: Craig Allen, Minister Counselor for Commercial Affairs, U.S. Embassy. In Washington, D.C.: Doug Barry, Director of Communications, U.S. Commercial Service.
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Although China's economy is one of the world's bright spots, which offers great opportunities, market penetration requires proper information and planning. Some pitfalls experienced by some U.S. companies include not having clear contract terms, not checking out the buyer beforehand, not learning about the Chinese laws. Remember, it's a newly opened market with a different culture. However, companies that do their proper homework and due diligence are finding much success in China. Learn what and whom you need to know to ensure your profitable entry into the Chinese marketplace!
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Market Briefs brings you real-time Commercial
Service global market insights and opportunities from around the
world. The China Market Brief interview, taped in
June 2004, is brought to you by the International Trade Administration,
Commercial
Service, U.S. Department of Commerce. The use of trade, firm,
or corporation names within this Webcast or on the surrounding pages,
or links to Web sites outside the U.S. Federal Government are for
the convenience of the user. Such use does not constitute an official
endorsement or approval of any private sector Web site, product
or service by the U.S. Commercial Service, U.S. Commerce Department.
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