If we look at this graph I think it tells it all! China is now responsible for purchasing 48% of ALL branded products. How important will be that we partner with them?
I was recently cordially invited to attend an invite only event for US companies to present their product for potential investment. There are many new opportunities for US brands to find a Chinese investor. They are looking for US companies who have begun to experience expansion and growth, plus begun the branding process. US companies should have a viable business and financial plan.
The meeting was planned to meet with a business delegation from Shanxi Province of China for business networking to interact and explore opportunities between my business or any within my FBI members network ready for this opportunity. The Chinese companies are leaders and best performers in their industry and sectors. I had opportunity to present and establish contacts and discuss in depth with 12 business owners and/or executives in a Round Table session, where I could exchange information with them in terms of purchasing and sourcing, new product lines, R&D needs, market trends, potential investments, and form partnerships.
Based in Beijing, this investment company is one of the most important and visionary companies in China to help Chinese enterprises to implement go-global strategy; to identify and develop diversified international footprints for Chinese companies, and help to stimulate local economy of international markets. It is also the contact point for global businesses to access Chinese companies and products, buying power, and investments. In the past ten years, they have created the largest overseas trade and investment platforms for China, through organizing large scale Chinese merchandise fair and trade show overseas, inventing and creating signature “Dragon Mart” in global markets, and organizing international road shows for enterprises and economic development organizations of China.
This is only the beginning and another example of why we need to grow our partnerships and develop relationships with China. They invest in a US company and then maybe they can get a Green Card! Win, Win!
In my next blog I will explain about another very exciting China Connection I am involved in.