For any entrepreneur looking forward to growing his/her investment, there is probably no other country that presents so many advantages than China. The country’s roadmap, from a central planning state to market socialism, has had its share of issues and interruptions, but the results are impressive – China is one of the largest economies on the globe today. The impressive thing about China is that it is showing no signs of a slowdown, making it the perfect jurisdiction for offshore investment.
According to Jack Ma, the founder of Alibaba, the growth being experienced in China is expected to continue in the next 20 years. See-this is an opportunity that you cannot afford to miss if you want to rapidly grow your brand not just in China, but entire Asia and across the globe. In this post, we are going to tell you why taking your company to China is a great idea that you will celebrate in the next two or more decades.
The Recent Economic Success Gives China Confidence in Its Operational Model
For several decades, China has received a lot of criticism, primarily because of its protectionism policies and poor score on democracy compared to western countries. But even with these criticisms, the Chinese administration appears confident about its strategies because they have yielded impressive results. See the numbers below:
- The Nominal GDP of China in 2020 was estimated at $14.34 trillion (second, only from the US).
- In 2019, China enjoyed $137 billion in foreign direct investment (FDI), which was 5.8% more than the number achieved in 2018.
- Over 90%of China’s State-Owned Enterprises were among the Fortune Global 500 companies in 2020.
In the next 20 years, China’s focus will be quality as the country seeks to boost the local economy. Xi, the President of the Democratic Republic of China, indicated that they have seen the immense potential of opening the Chinese market to international investors, which will be an ongoing trend. No matter the way you look at it, China appears determined to remain the best investment destination on the globe.
Relentless Support for Business through Free Trade Zones
When foreigners come to China for business, the government knows the benefits it enjoys in terms of taxes and employment. This is why it has been supporting businesses using every possible channel, especially through free trade areas. The first free trade area in China was the Shanghai Free Trade Zone, which was established in 2013. By August 2020, the number had gone up 18.
The free trade area is a great way to get into China and expand your business. Indeed, most free trade areas are close to major facilities, such as ports, inland container depots (ICDs), top-notch infrastructure, and access to affordable power. Therefore, production, transport, and marketing logistics are pretty easy. If you can grab this opportunity, go ahead and locate your business in a free trade area and expect rapid growth in the next 20 years.
Work with an Expert Agency for Faster Growth
China is a powerhouse, a high-potential jurisdiction that offshore investors can count on to grow, not just in the short-term but also in the next 20 years and beyond. To take advantage of this jurisdiction, the best method is to work with an expert agency. The professionals can help you to wade through the complex process of company registration in China and hold your hand to identify the best opportunities. With experts holding your hand, your company can rapidly grow in China and the rest of the Far East.
Time to take your brand global!