In Search of ‘China Biz 2’
Even before the bottom of the US financial market fell out, countless Chinese manufacturers had reached the finish-line in their notorious "race to the bottom". It is not unusual nowadays to hear Chinese bosses lament that half or two-thirds of their sector or their supplying sector was already gone. How about the other one-third or half that is still standing? With much toxic competition gone, many of them are enjoying increased business... So will they be able to get the last laugh?
A while ago a corporate member of ours commented while traveling in China, "Growth going from 10 to 7 percent is not the end of the world...my two weeks have been super..." Mind you -- he was on a marketing and sales trip. Indeed the prospect of selling into China does seem brighter and brighter nowadays, with more and more prospective customers becoming ready (read, policy orientation), willing (please refer to China in Acquisition Mode) and able (read, foreign reserve rich) to buy American products (and services if you know how to “package” it).
Nevertheless, while going at 100 miles an hour is fast, a jumbo jet at that speed might fall off the sky. Although overheating was never something to celebrate about, yet China may have to rely on a double-digit growth to keep its people, especially the young, employed and content enough so they would not make trouble. But that is obviously becoming harder and harder to do, especially amid a global retreat...
Shawn He, founder and chair of MeetChinaBiz, will provide an update on the current status, as well as the latest challenges and opportunities in China business development for US companies.
- Is China In a Financial or Any Other Type of Crisis?
- How Are Chinese Companies Fairing?
- What Are Some of the New Challenges and Opportunities?
In addition...
All roundtable participants will be gathering in an interactive, hands-on forum to discuss opportunities, share insights, and offer solutions to each other on all things related to China.
Taking place almost every month in cities where we have chapters, this is a periodic gathering (somewhat like a "group counseling" session) for business decision-makers to discuss all issues related to doing business with or in China.
These sessions not only help them continue to network and expand their contacts, but also allow them to compare notes, share tips and learn from each other's lessons and experience, thereby enabling them to be better informed, prepared and "equipped" in their China business pursuits.