With a positive shift in the socio-economic status where the lower middle-class are now moving up to middle-class—now at 300 million—the standard of living is improving. Things that were once considered luxuries in China are now actively consumed by the masses.
China has successful shifted from a manufacturing-oriented economy to a service-oriented one.
Overall the product consumption rate is increasing in China; however, some products are more popular than other. Choose a product with high ROI to make your Chinese company
Clothes and Shoes
Fashion is trending everywhere around the world. Young Chinese consumers want imported clothing style and trends available in their local market. Multiple US fashion brands have penetrated Chinese market and have been well-received by the consumer.
In recent years, collectable sneakers saw a surge in demand in the Chinese market. Companies like, Stadium Goods, leveraged this opportunity to penetrate the Chinese markets.
6 children died and 300,000 were left seriously ill after consuming poisoned milk, back in 2008. Ever since, China is on the lookout for quality milk exporters. China doesn’t have an established dairy industry of its own, which is why introducing UHT milk or fresh milk in Chinese industries can increase your POI.
Foreign wine brands are treated as luxury in Chinese markets. It is associated with wealth and class, which allows wine producers to charge heavy premiums on their brand. You can make a healthy profit giving your consumers an unparalleled wine tasting experience.
China reports 16 million births per years, which makes China the largest market for baby food products. The local baby formula market suffers from various challenges, such as counterfeit products and poor quality. Young Chinese parents want the best for their children and for that, they are willing to invest in branded, foreign baby formulas.
With improving standard of living, dietary habits of the Chinese consumers are also changing. Wealthy consumers want protein-rich diet, but the local market can’t supply the quality meet. Pork remains the best-selling meet in China, due to which the market doesn’t pay a lot attention to other meet sources, like, beef. A beef supply chain in China can make you some serious profit.
Chinese market offers various opportunities. Business China can help you make the right investment decision. Our experts know all the tips and tricks to make the registration process simple and convenient. So, whether you want to set up a WFOE or a Representative Office, we can help you out with all your business setup needs.
Our experts are fluent in English; therefore, there is no need to worry about the language barrier. We will facilitate you every step of the registration process. Just email us your business plan and let the process begin.
Along with providing assistance in the registration and incorporation process, we also offer premium accounting and company management services to all our clients. Call +86-020-2917 9715
to make your Chinese company a huge success.