THE CHINA MARKET: HOW TO GET STARTED. East Asia Symposium “Hong Kong – Gateway to Opportunity” Philadelphia University March 27, 2007. “Next Frontier for US Firms? – “The Wild Far West!”. AGENDA. Overview of Chinese Market What’s the Opportunity for US Firms?
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East Asia Symposium
“Hong Kong – Gateway to Opportunity”
March 27, 2007
“Next Frontier for US Firms? – “The Wild Far West!”
Large, Fast Growing Market … Ripe forFraud!
AppliancesChina Market – Top Industries
“FACTORY TO WORLD” –
RANGE OF LOWER TECH MANUFACTURED PRODUCTS
Finished Mfgr. Goods Predominate
Supplies/Components Feeding Factories!
Hong Kong (16%)
S. Korea (5%)
S. Korea (12%)
Germany (5%)Top 5 Trading Partners
East Asian Neighbors Very Involved!
Offshore Sourcing Opportunities for US Firms
Some New Market Opportunities for US Firms!
= Value of local shipments + imports – exports
(Collect info on each of these)
Data Sources: China Govt., US Commerce Dept., UN Trade Statistics, World Bank, private sources (accounting, brokerage firms)
(‘01 – ’04 Value: $21 Mil. - $37 Mil.)