Business China

Reasons Why China's Tech Market is Booming

+86-020-2917 9715
Company Registration
China has always surprised us when it comes to economic development. Between 2017 to mid-2018, the country’s GDP growth was on fire, encouraging millions of investors to set up their enterprises in China. 

The tech market in China contributed a significant segment of this booming economy. Chinese are now turning toward e-commerce platforms for their products, making online shopping a major trend in China. 

Let’s dive into the details of the flourishing tech market in China and the importance it has for investors. 

1. Rapidly Growing Middle-Class Population

One of the primary reasons behind the booming tech market in China is the growth of the middle-class population. Since 2007, the country’s middle-class population has almost tripled in size. So what benefits does it hold for the country?

Individuals belonging to this class often prefer operating home-based small businesses. What’s interesting to note is that a major segment of these home-based businesses operates in the technology sector. Around $260 billion is spent on the development of these businesses, which ultimately resulted in the growth of Chin’s tech market. 

2. Booming Growth in e-Commerce Business Across Borders

company incorporation
The number of Chinese customers buying overseas products has increased rapidly in recent years. With cross-border products contributing to 9% of e-commerce sales, it’s safe to say that foreign companies are becoming the center of attention for Chinese customers. 

It’s anticipated that the cross-border e-commerce business will reach $140 billion by the end of 2021, giving China a strong hold over the tech marketplace. 

3. Growth in Domestic Market

China currently stands among the largest producers of gadgets, cement, automobiles, and several other everyday products. It’s further expected that the country will overtake the US economy by 2020, becoming the largest supplier for consumers all across the world. 

The growth in demand will eventually create room for more startups and SMEs that can utilize the internet to connect with their global clientele. 

The growth of the tech marketplace has opened doors for several investment opportunities in China. If you’re a foreign investor planning to expand your customer reach, opening a store on a Chinese e-commerce platform is your best bet! 

Business China facilitates its clients in the company registration and incorporation process in China. Not only do we provide you we assist you in complying with Chinese Business Laws, but we also provide you with the information you need to expand your business. 

Contact us today for consultancy! 

  • James Oliver "True professionals, very helpful and dedicated. Your support team is fantastic."
  • Robert Gatti "Our advisor was brilliant and we were given more help that we knew we needed. What I liked most about Business China's service was the prompt and businesslike approach.It helped us dramatically. At a...
  • Vivian Belfanti "Quality work and friendliness is why I chose to work with Business China. Business China is organized very easy to work with."
  • Tim Orchard "Thanks to Business China’s professional guiding and efficient processing about company incorporation and VAT refunding, our new entity in Guangzhou already step into a virtuous circle. I have to say...
  • Victor Declety "Business China allows us to focus on our customers instead of being tangled into enterprise level business incorporation and maintance."
  • Ben Hunter "Business China is helping people who don't necessarily know how to connect your current business with the booming Chinese market and how to lay out your 'China Dream' here specifically. It has been...
  • Daniel Wong "A great customer experience! The flexability and speed of response from the account manager, as well as the quality of the service process was exceptional."
  • Stacey Morris "Businesss China has been superb. Their customer service is great. The guys there respond very quickly and go above and beyond that help."
  • M. Salem Having real-time information allows us to deal with issues immediately before they become problems.We are satisfy with Business China.
Request a Proposal

Drop Business China a quick message to let us know about your incorporation needs.