China industries and employment is a blast that it create huge opportunities for all industries.
Millions of expats and foreign students travel across the world to China to feel and to experience the market and the opportunities here in China. Technology has been the fastest moving industries and Manufacturing has been the great industry in China where 80% or more products around the world were manufacture in China.
Getting a great placement here in China is something great in this era. Getting expose to the latest technology, the convenient of infrastructure in China, the global trade market in China, basically EVERYTHING HERE IN CHINA.
China’s manufacturing industry is booming, contributing to over 42% of the country’s GDP in 2014.
China’s rapid urbanization increases demand for labor, services, and infrastructure and has led to an increase in government investment in urban construction projects across China.
China’s cities continue to develop at astonishing speed and rival their counterparts in the west. Shenzhen and Shanghai have become an excellent location for the industry due to the high number of high-tech, green-tech, manufacturing and logistics companies in the area. Capital abundance for investment and credit creates the perfect environment for startups to grow, giving birth to countless brand new companies and technologies.
China’s economy continues to grow at close to 10% each year. China’s recently proposed 12th Five Year Plan will encourage growth created through developing infrastructure and government-regulated international trade. Government policy will also seek to address inflation and the housing market bubble.
Foreign direct investment in China rose to a record $129 billion last year showing foreign investors’ confidence in the Chinese market.
Both Shanghai and Shenzhen have stock exchanges, and are home to a myriad of finance companies. With its close proximity to Hong Kong, Shenzhen has received a high volume of foreign investment over the past 20 years, and has a well-developed finance sector.
Rapid growth in China´s economy has led to a constantly changing market. Since the 80s, with the boom of the special economic zones, huge amounts of foreign investment have encouraged entrepreneurs to come and explore this market.
Chinese companies require good structured organization, able to handle fast growth and changing market which led to a high demand on highly qualified business development professionals able to ensure the survival of the company and an efficient growth.
Chinese Fashion industry has been flourishing and changing with the rapid urbanization and the increasing spending power of the population, generating a demand and creating markets for both high-tier and low-tier. Total fashion sales in China for 2020 are expected to triple, rising to more than 1.3 trillion RMB ($200 billion USD) from 398 billion RMB ($60 billion USD) in 2010. China has the potential to be the largest consumer market for the fashion industry for the following years.
China ranked sixth in the world for the expenses on luxury goods ranked by countries. Besides from luxuries, fast fashion companies such as H&M, Zara and Uniqlo have a momentum with the Chinese young population.
Fashion is one of China’s biggest e-commerce category. Most of the apparel purchased online comes from Taobao. With cheaper price, diverse designs, and being much more convenient, shopping online has become the first choice for most of the population. As the e-retail markets have been growing and developing rapidly in mainland china, the fashion industry will be more promising in the next decade.
China presents one of the most exciting and challenging media markets in the world due to their size, complexity, and diversity. China is not as a single market, but as a collection of evolving, complex, and fragmented markets. Though new media has not yet replaced traditional media, traditional media’s dominance is beginning to erode.
China’s media market is about to begin an era of hyper fragmentation, offering media agencies and advertisers numerous choices when formulating media plans. This may surprise foreign advertisers that are accustomed to having fewer choices in China.
For many advertisers, China remains a key market with a promising future due to its continuous increase of TV viewers in rural areas, new government policies aiming to develop even more the digital media and the boom of the e-commerce platforms with the ever growing population of “netizens” each year.
Cross-border e-commerce in China will hit $85.76 billion this year, up from $57.13 billion in 2015, as 40 percent of China’s online consumers buy foreign goods. Each of China’s digital shoppers this year will spend an average of $473.26 on foreign goods, up from $446.33 last year.
With Internet penetration growth and the adoption of more online applications, netizens are extending their real-life relationships to online society. As a result, many social networking websites are emerging in China.
China as a country with 1.3 billion people moving fast forward into the information age features a big variety of communication channels. Consequently the Chinese media landscape is one of the richest in the world. It is characterized by a fast transformation from a stiff government owned structure into new business models, from traditional press into new media and innovative forms of news making.
Although the World Wide Web was introduced rather late in China, it has become within an incredibly short time one of the major information sources in China. Currently, the most important online platforms are Sina, NetEase, Sohu, and Tencent. Furthermore social networking sites, news rooms and micro blogs are reshaping Chinas information culture – especially among the young generation.
Today China has 641 million active Internet users. Among them Microblog users surged from 63.11 million to 195 million during the first half of 2011. The most famous one among them is Weibo, which surged by an impressive 208.9 percent within just six months.
Why does Chinese web design look so ‘busy’, form a foreigner prospective?
This is because of the way the search engines work. The Porter stemmer is an algorithm which takes a word we type in and reduces it to a core set of characters, or ‘stem’, so that a search engine can easily match many pages against our search term. For example, you can type in ‘fishing’, ‘fished’, or ‘fish’ and Google will easily know they are in the same category, ‘fish’. But stemming is not as easy in Chinese as it is in English, apparently, so high-quality search results are more difficult to deliver. It is also important to consider that chinese sites are simply modeled after 90s and 2000s web sites, they don’t really focus too much in the design.
Actually, a significant number of Chinese companies are bypassing the desktop experience entirely.
In China, most clients prefer separate websites for different devices, instead a single website containing everything.
In China, your mobile phone number is nearly as important as a social security number in the United States. If you lose access to your mobile number, you may also irrevocably lose access to e-commerce accounts, digital wallets, social network accounts (which are tied directly to the mobile number) and much more. As an example of this, most websites in China use a mobile phone number instead of an email address as the primary identifier for logging in and as the primary password-recovery tool.
Light apps provide experiences that are solely intended to be used on a phone and that have no desktop-friendly equivalent and they’re quickly becoming one of the most popular ways to interact with consumers.
China has 527 million mobile internet users, according to CNNIC, and 438 million of them are on WeChat.
Companies are happy to build experiences that operate exclusively in WeChat, because they get so much more data on their users than they do from standard mobile websites. When a user accesses your website via their WeChat browser, you see their WeChat ID, and if they follow you on WeChat, you get to see seven points of data about them: WeChat ID, nickname, profile picture, location (city), primary WeChat language, gender and date when they started following the account. This enables companies to tightly target their marketing right out of the gate, especially in terms of the gender and geographic variables.
QR codes are widely used and this is also due to their easy use through WeChat.
With neck-breaking growth rates of up to 13%, China has emerged in recent years as one of the major economies in the world. The motor that powers China’s fast paced development is its vast and diverse population. There are more than 1.3 billion people living in China today. 38% of the population lives in the more developed coastal areas, while the central and western regions are more scarcely populated. The working-age population is 72%. Literacy rates are as high as 96%. Unemployment rate is 9%.
Human Resources management continues to top the list of business challenges for foreign companies doing business in China.
As in most developing countries, the HR profession is still evolving in China. Only until few years ago, the HR profession in China was limited to the administrative function – recruiting and dismissal, paying taxes and benefits. Talent management, organizational development, training, corporate strategy, etc. were brand new concepts. That makes hiring good quality HR staff a sometimes challenging process.
Foreign direct investment represents capital invested in a country that provides manufacturing and service capabilities for both native consumers and world markets. According to China’s commerce ministry, FDI in 2010 surpassed $100 billion for the first time. Over the entire year ending December 2010 inbound FDI increased 17.4% to $105.74 billion.
Factors affect the amount of FDI that pours into China:
- Capital Availability
- Regulatory Environment
- Local Chinese Market and Business Climate
- Openness to Regional and International Trade
China is the world’s second largest trading nation behind the US – leading the world in exports and coming in second for imports. From 2009-2011 its trade to GDP ratio was 53.1 percent, while its trade per capita was $2,413.
Since its accession into the WTO in 2001, China‘s share in global trade has doubled – accounting for 10.38 percent of the world’s merchandise trade exports and 9.43 percent of merchandise trade imports. For many countries around the world, China is rapidly becoming their most important bilateral trade partner.
Domestically, the Chinese government has been keen to reduce the economy’s reliance on exports and focus on internal consumption.
In the first decade of the 21st century, an aesthetic and cultural consciousness emerged. The architectural world was mesmerized as China unveiled the purposeful, iconic, internationally designed Bird’s Nest and Aquatic Stadiums at the 2008 Olympics. This decade also reawakened a respect for traditional Chinese architecture as exemplified by Xintiandi, Shanghai’s renowned urban renewal project designed by international architects.
Today, China continues with government-moderated modernization initiatives, which will result in tremendous development opportunities for the hospitality industry. This increased hospitality demand will be a result of:
- The extensive infrastructure of highways, railways and airports, which allow for ease of travel;
- An emerging middle class, increasing to almost 700 million people who will be seeking new experiences with their disposable income;
- The enhanced quality of life focus of China’s 12th Five-Year Plan, resulting in more leisure time to experience the beauties of China, including the 43 UNESCO (United Nations Educational, Scientific and Cultural Organization) World Heritage sites
China’s hospitality industry is rapidly maturing. Consumers are demanding destinations, not merely hotels. The distinction between urban and resort hotels is blurring as urban resorts are emerging. The strength of the Chinese culture combined with the sheer number of travelers is creating an opportunity to create and re-create brands specifically for the Chinese traveler, in both the domestic and international arenas. Travel decisions are strongly influenced by social media, brand affiliation and environmental care.
Due to the sheer number of rooms required to fulfill demand, China has a rare opportunity or, perhaps, responsibility to inspire a revolutionary advancement in the global hospitality industry, taking a leadership position in providing new experiences for travelers throughout the world.
To varying degrees, China has become the world’s factory: supplying North America, Europe, and other locales with all manner of apparel, electronics, food products, appliances, and components for manufactured goods. But how is China’s transportation and logistics infrastructure coping with such rapid growth? Even more important, what is the country doing to ensure the efficiency and effectiveness of those global supply chain networks that have tapped its resources and fueled its rise to power?
China’s logistics infrastructure has improved significantly during the implementation of the country’s eleventh Five-Year Plan (2006-2010). Acknowledging that economical labor wouldn’t be enough to ensure long-term growth, China has increased its investments in highways, railways, and other transportation facilities.
In a logistics context, China is clearly thinking ahead. On June 8, 2011, Premier Wen Jia Bao announced that “we must make a complete set of policies and measures, and promote the healthy development of the logistics industry.” The resulting logistics improvement initiatives, known as the Eight State Regulations, focus on:
- tax preference;
- land policy support;
- road traffic improvement;
- business environment improvement;
- resource integration;
- technology innovation and application;
- government investment and bank credit support;
- logistics support for agriculture