"GIA’s findings have great relevance for our businesses. We will move faster in China than originally planned.”
BASF, B&Q, Corning, Intel, LexisNexis, Motorola, PerkinElmer, Unilever, Walt Disney
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*Source: 2009 Global Market Intelligence Survey
Benefit from our Greater China experience
More than 60% of strategy leaders from some of the world's most successful international companies in Asia surveyed by GIA in February 2009 named China as the one market expected to perform better than others in the region. To be successful and profitable in China requires understanding of the potential, risks and opportunities not only of the country as a whole, but about each of its 32 provinces, autonomous regions and municipalities. Some China insiders even argue that any of its 600-plus cities you are planning to target require separate research and analysis.
China has seen unprecedented levels of growth and development since it started on its market-led economic development path in 1978. By 2010, gross domestic product is expected to exceed RMB26 trillion (US$3.2 trillion), with per capita GDP of RMB19,000 (US$2,500).
Taiwan remains a global strong technology leader with home-grown brands emerging onto the world stage, and Hong Kong continues to play a key supply chain hub role in Greater China and Asia regional business, as well as carving itself a niche as a global financial and business services centre.
Foreign investment has been flooding into the Chinese mainland unabated in recent years, with multinationals from around the globe all wanting to gain a foothold in the 'world's factory' and a nation of 1.3 billion potential consumers. Domestic consumption is now rising even more rapidly in importance as export demand falters amid global economic uncertainty. Increasingly, Chinese industry leaders are challenging international players' positions on their own merit as the economy becomes more developed. This striking advancement has taken no more than one decade or so. Local companies have home advantage in the domestic market, and they are now also seeing success on the world stage.
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