Category: China

ExpandWorldwide has recently brought together an American company that produces large high-speed numerical-control machine tools, known as CNC machinery, with another high-end equipment and machinery producing company in China.

This joint venture will produce revenues close to 1 billion dollars over the next 10 years by manufacturing greener, more efficient large CNC machinery.

Historically, China has imported more machinery than any other country in the world.   As part of China’s economic development initiatives, referenced in the  Five-Year Plans of China, the country seeks to manufacture its own small and large CNC machinery and has investment funds to bring forth the best new technology in these industries. China’s goal is to improve the standards of large, precision, high-speed CNC machinery and has several economic zones for the development of the manufacturing plants needed to meet China’s needs for the future.

ExpandWorldwide continues to work with the international community to help identify and structure investment opportunities that will help China achieve its strategic objectives while generating the largest returns for our clients.

Our team possess an in-depth understanding of China’s technology, its economy, and political trends, as well as the current business culture in China. Our years of experience and relationship building have provided us with invaluable contacts which we can leverage for the benefit of our clients.

Companies seeking a competitive advantage and global presence are turning to China for investment, manufacturing and import-export opportunities as well as cutting-edge technology.  The future is now.  Lower labor and capital investment costs, a potential billion-plus consumer market, and developing infrastructure all point to China’s role as an integral force in the world economy.

In 2001, China committed itself to the protocols and expectations of the World Trade Organization, including trade liberalization, greater market access, and reduced tariffs. U.S. entrepreneurs can now own companies in China or team up with like-minded private business owners.  Foreign market access has improved but still has not yet reached the stage of total transparency.

China produces many professionals annually in the fields of engineering and business.  Finding qualified people to manage local businesses will not be a problem.

Doing Business in China

The Chinese put a high premium on knowing their business partners.  Strong relations with your counterparts cannot be overstressed.  Respect and face are highly regarded when conducting business in China.  Proper etiquette is a must.

China is undergoing an incredible transformation, both economically and socially.  It is a land of immense opportunities as well as unsuspected difficulties.  It may, therefore, be in your best interest to hire consultants intimately familiar with the local economy and customs who can assist your company in achieving optimal results.

Let us be your guide.