Monthly Archive June 19, 2018

The Transformational Trend: Why China is the place to be and how to start your business there

June 19, 2018 Comments Off on The Transformational Trend: Why China is the place to be and how to start your business there By Obed Diaz
business registration in china

Why bring your business to China?

The future of China’s economy has never looked this bright. With a thriving middle class, a new wide-spread consumerist approach to spending, and increasing liberalization, China is now home to a wide variety of promising untapped markets.

Since the late 1980s and 1990s, China’s economy has been executing significant reform to the state-owned industry. Upon the passage of The Company Law in 1993, limited liability companies were approved, and firms were able to retain a share of their profits. As a result, private ownership increased rapidly. By 2005 it accounted for about 70% of China’s gross domestic product.

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