1 .China------the second largest economy
Chinese State Council Information Office held press conference at 10:00 am, on January 20, 2011.According to preliminary estimation, Chinese Gross Domestic Product (GDP) for the 2010 was 39,798.3 billion Yuan, up by 10.3 percent at comparable prices, or 1.1 percentage points higher than that in the previous year. In terms of growth by quarters, it was up 11.9 percent for the first quarter, 10.3 percent growth for the second quarter, 9.6 percent for the third quarter and 9.8 percent for the last quarter. The People's Republic of China is the world's second largest economy both in nominal and PPP terms following the United States. It is the world's fastest-growing major economy, with average growth rate of 10% for the past 30 years.
2. How to enter into the Chinese market
Leaving the Chinese market companies would not survive in the 21st century, so each country wants to enter the Chinese market. How to enter the Chinese market, we use an old Chinese proverb, Eight immortals fly over the sea, each having their own ways. Some companies sell their products through politicians. For example, Chinese President Hu Jintao arrived at the USA for a state visit with President Obama, then Chinese government spokesman said China will buy 200 Boeing airplanes in $19 billion deal. Some companies adopt collaboration with Chinese enterprises, such as General Electric. The White House says GE reached a deal with China Shenhua Energy Company Limited. The joint venture will use GE's cleaner power generation technologies to advance cleaner coal solutions for industrial chemicals, fuels and power generation. GE estimates the deal has the potential to generate up to $2.5 billion in U.S. exports.
| [1] [2] [3] [4] |
