China is constantly increasing imports of goods and services
China as it turns out can not do everything, but only that does not require a lot of mind or something that is easy to take from competitors and then at home to repeat. When it comes to very complex equipment, China considers it profitable to just buy it, because to do something like that in China can not yet, and there is a possibility that neither when they can not.
In the coming years, the growth of imports in China will continue to grow, because the economy is growing and requires modern technologies and materials, and in the country there is nothing like that in the right volumes. Analysts predict the growth of imports in the country in the next 15 years, and then is not even planned. For all this time, China imports goods and services worth $ 40 trillion. This news or not news, but this idea was voiced by representatives of China on the first day of the Chinese international exhibition of imported goods (CIE) in Shanghai. Goods in total for the next 15 years will be imported for 30 trillion dollars, and services for 10 trillion dollars, of all this trade with Russia is only 100 billion a year, which is very, very little, we can say anything.
Apparently the sanctions by the United States in some sense stimulate the Chinese leader to create more interesting conditions for foreign businessmen in the country`s market. Recently, at the level of the government, a whole package of special measures was adopted, which will contribute to the growth of interest in China, on the part of foreign capital. Investment rules have been relaxed somewhat and it is now easier for foreign citizens to invest in the Chinese economy. China`s financial market is gradually lifting the veil of secrecy and becoming a more attractive sector in which to make money. Foreigners could act as equity participants of any investment project before, but now it has become much easier to carry out such activities.
China international exhibition of imported goods (CIE) in Shanghai apparently organized not from scratch, the author of this project was the Ministry of Commerce of China and the government of Shanghai. If business requires, officials tend to do what the economy in this case is beneficial. This economic forum is already in full swing and will end on November 10. If you want to visit this forum and maybe learn something about China, go to the national exhibition and Congress center.
More than 3.6 thousand companies have declared their participation in the forum, almost all civilized countries of the world are represented in this forum. For such a number of firms in China have allocated a site with a total area of 300 thousand square meters. m. on it everyone will show their products and those possible services in which they have achieved some results. In China, a lot of businessmen, but there are simply those who are interested in good imported goods from Europe, European quality is not exactly what they are trying to do in China, Europe to this level was much longer and the performance of the EU is much better, and the goods themselves are almost perfect and 100% correspond to their.
It is expected that more than 400 thousand buyers from Asia will come to the event.
For this kind of exhibition was prepared a little more than a year, the first time about the desire to hold it began in the spring of 2017, China is always trying to promote its products to foreign markets and this exhibition, though with the subtext of imports, is still hidden advertising of all that can be bought in China and used at lower prices than in Europe. Prices are clearly lower, but the quality is clearly not higher, about this businessmen have always known and always know and carefully buy parts in China, which in the future should be used in critical areas of the production cycle. Accident-free still in the first place, but as for consumer goods, it is more profitable to do in China and cars to carry to Europe with the hope that someone who will still buy something. The buyer is now educated and can distinguish goods made in Europe from goods made in Asia and that is positive, so the priority is still given to goods from Europe, Japan, the United States, and only then if something is not in these countries, looking for goods in China.
Yet trump`s policies and tighter trade requirements for Chinese goods have played a role, China has gradually become more open to import influence. The American leader insists that American companies make goods in the country and develop the economy of their country, and not create jobs in Asia and evade taxes. China in response makes even more interesting working conditions in the Chinese market. Everything that is happening now with the us and Chinese economies is just one of the stages of the trade war between the two countries.
<<<< Back to >>>>