Growing Business
in China
Import/E xport - US/China Trade
Exchang e Rate - Floating Currency - Fixed Currency
GDP - China vs. - Impact US GDP of GDP
Strategy - Increase Success
Tariffs & Trade - China & the WTO - U.S. Relations
Next Steps - Accepted - Laws & Industries Procedure
Exchange Rate
Floating Currency Rate Fixed Currency Rate
Determined By Markets
Widely Accepted Currencies
Exchange Rate
Current 6.23 Rate
Exchange Rate
6.23
Gross Domestic Product
30K
China $15,833
20K
US
$15,781
10K
1984 1996 2008 201 7 2016 2028
129
126
Gross Domestic Product US Export s
123
120
US Import s
2013 Q1 2014 Q1 2013 Q2 2013 Q3 2013 Q4
Import & Export
400 K 300 K 200 K 100 K 50K
2008 2007 2004 2005 2006
The Last 5 Years
400 K 300 K 200 K 100 K 50K
2013 2012 2009 2010 2011
Trades & Tariffs
In 2002, China began to reduce tariffs…
By 2005, most products received final tariff cuts
Trades & Tariffs
“China’s entry to the WTO … had lowered tariffs on the goods of greatest importance to US industry”
14.8 15 27.4 22 11 3.3 9.7 8.8 9.4% 4.8% 0% 0% 6.6% 50% .2% 26.6%
Trades & Tariffs Animal Products Fruit & Veggies Sugars Cotton Fish & Products Petroleum Textiles Electrical Mach.
The Next Steps
Administration of Industry and Commerce (AIC)
Representativ e Office Foreign Investment
The Next Steps
Visas
Legal Representation
The Next Steps
Only a Chinese Lawyer may represent business in legal matters
Strategies
Business Plan
Local Contacts
Authorized Foreign Industries
Strategy
Currency Exchange Rate Base of Operations
Tariffs & Taxes
