If you call anything Epic and Magnanimous, one name comes to the forefront, and it’s China. China is without doubt the emerging Superpower.
It has already displayed its economic prowess to the world. China is referred to as the factory of the world.
The country has now opened its doors to International Traders. Since China is booming, a virtual Tiger that flexes its muscles, why not ride on it? Do you think of doing business in china and extracting the maximum from your hard-earned investments?
This is what we would like to assess through the article.
What Makes China An Economic Tiger?
Who does not know that China has turned out to be the Factory of the World? Everyday Vessels, Leviathan in size pack themselves with its domestically made products and sail across different corners of the World.
Believe it or not, China governs our daily life. Right from the Bedroom to the Washroom and extending forward to your Office, China engulfs us all.
China is making for the world. And they know how to give it Cheap? From Pins to Vessels…from watches to Super Computers…they make it all.
With cheaper and affordable products, we are all helpless Customers looking bluntly at their products. China tells the world, simply sit on your Chinese Chair…and we are all sending to you all alone at your doorsteps.
China is a Gold basket for investors. And there’s a reason why it is so. Now the reasons why they make them?
1. Business Friendly Policies
When it comes to Made in China, the Government turns religious. Through policies, they strengthen entrepreneurial support to incubators. They encourage startups with Technological knowledge and subsidies.
China has specialised policies for you too. Relentless support of resources like electricity and water. They will help you with every need.
Wonder what if a Government turns your Guardian! Easy Taxation policies encourage multinationals to open shops and manufacturing plants in China. Invest in China. The Government does like no other.
They won’t invite you, you literally go there and the Red Carpet is waiting.
If you go by the words of Liu Shigin, vice president of Economic Affairs of the CPPCC National Committee, the structure and potential of China lies in Infrastructure, Foreign Trade, and real-estate development.
That’s Confidence oozing out you know!
2. China Brimming With Skilled Talent
The success of business in China depends on a highly skilled and motivated workforce. Does China value your Talent?
They have made it easy for International Talent to learn and earn. The policy is simple, Brain Drain of others and Brain Gain of China. China, though sensitive and emotional with their language, raised finally that they have to learn English to Conquer the world.
The Government has introduced the English language right from Kindergarten. So you are easily gaining access to a highly qualified, skilled, and most importantly, Cheap workforce.
And mark our words Chinese are highly serious people; hardworking and focussed. Hire them and Invest in them.
The joke by a foreigner on the Chinese workforce (“if you have worked for a Chinese Company, then you are not afraid of anything now”) finds pertinence here.
3. Growth Opportunities
China’s business policies are changing rapidly. Experts opine that it is easy to work in China in the Digital, Health, and Finance Sectors. There are minimal regulations that the Chinese Government follows as a part of their Test.
And the Growth does not hover in the sky of words but in the crudest Reality. That China is synonymous with growth is today’s reality.
Experts expected the Economic Growth of China to be somewhere close to 8% in 2021. China’s service sector accounts for a mammoth 54% of the economic output in 2021.
The manufacturing sector represented nearly 38% of China’s GDP in the year 2020.
When the entire world was going through Covid Pandemic with minus development, China kept room for a Fiscal boost up 2.7% of the GDP.
So facts, figures, and Data speak for China.
Disadvantages
- There is nothing in the world that has no advantages and disadvantages. If there are oceans of Advantages, there are definitely some grey areas.
- The Government intervention is too much, more than necessary. And there is a lack of Transparency from the different corners.
- Trade and Labour Violations are hard sometimes. Do you wish to be a part of a culture where people and expectations are murdered every day.
- The exploitation of labor reigns supreme there. And you can not ask Why and How to the Government. Keep mum and do your work, don’t raise your voice there.
Conclusion
Now it’s time for results, whether or not to invest in China. Notwithstanding some of the problems that you have in investing in China, you need to agree with the Fact and advantages are extremely supreme.
Whatever ingredients are ideal, you are going to get there. So why not invest in China?
Hey Guys! My name is Richard Andrew. I am a contributor to the Strategy Watch. I have finished my graduation with a major in Economics. My interest areas are Economics, Financial Analysis, Stock Analysis, and Business Strategy.